TechPrecision Q3 net loss widens to $1.5M on 7% revenue decline; backlog $46M

TECHPRECISION CORP

2026-Q3 EPS reported -$0.13 revenue$23,559,000

Q3 revenue $7.1M (down 7% YoY); gross profit $0.4M (down 62%); net loss $1.5M vs $0.8M loss.
Nine-month net loss improved to $1.2M from $2.9M; cost of revenue down 12%, gross profit up 72%.
Backlog $46.0M as of Dec 31, 2025; expected delivery over 1-3 years with margin improvement.
Cash $0.1M; working capital negative $0.5M; total debt $6.7M (down from $7.4M at Mar 31, 2025).
Debt covenant violations cause all debt classified as current; negative working capital persists.

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