Highest-materiality recent filing
TechPrecision extends revolver maturity to Sep 15, 2026; acknowledges existing defaults
Ranor and affiliates extended $4.5M revolver maturity from May 15 to Sep 15, 2026 via Fourteenth Amendment.
TechPrecision Q3 net loss widens to $1.5M on 7% revenue decline; backlog $46M
Q3 revenue $7.1M (down 7% YoY); gross profit $0.4M (down 62%); net loss $1.5M vs $0.8M loss.
TechPrecision extends revolver maturity to May 2026; acknowledges ongoing covenant defaults
Revolver line of credit maturity extended from Jan 16, 2026 to May 15, 2026; maximum principal $4.5M.
TechPrecision Q2 FY2026 net income $0.8M, backlog $47.8M, margins improve to 27%
Revenue $9.1M (+2% YoY); gross profit $2.5M (+$1.4M); gross margin 27%, up from 13% prior year.
TechPrecision stockholders elect all five director nominees, ratify auditor, approve say-on-pay
All five director nominees elected despite significant against votes: Levy (2.16M against), Schenker (2.14M against); each received >2.44M for.
TechPrecision sets 2025 Annual Meeting for Oct 28, 2025; shareholder proposal deadlines announced
Annual Meeting will be held virtually on October 28, 2025; record date is October 1, 2025.
TechPrecision extends revolver maturity to Jan 2026, discloses ongoing covenant defaults
Revolver line maturity extended from Aug 29, 2025 to Jan 16, 2026 under Twelfth Amendment with Berkshire Bank.
TechPrecision Q1 FY2026: Revenue $7.4M, net loss narrows to $0.6M; backlog $50.1M
Revenue $7.4M, down 8% YoY; gross profit $1.0M (14% margin) vs $0.2M prior year.
TechPrecision amends bylaws and equity plan on governance changes
Bylaws amended to require majority vote in uncontested director elections; plurality retained for contested.
TechPrecision reports Q4 net income of $0.1M; revenue up 10% YoY to $9.5M
Q4 revenue $9.5M (+10% YoY); full year revenue $34.0M (+8% YoY).
TechPrecision receives Nasdaq delisting notice for late 10-K filing; targets filing by July 31
Received Nasdaq notice on July 18, 2025 for late 10-K filing; has 60 days to submit compliance plan.
TechPrecision extends revolver maturity to Aug 29, 2025; acknowledges existing default on covenants
Extended $4.5M revolver maturity from April 30 to Aug 29, 2025.
TechPrecision reports Q3 FY2025 net loss of $0.8M; revenue $7.6M, backlog $45.5M
Net loss $0.8M; operating loss $0.7M; revenue $7.6M, down <1% YoY vs $7.7M.
TechPrecision appoints Phillip Podgorski as CFO, effective March 31, 2025
Phillip Podgorski appointed CFO of TechPrecision; Barbara Lilley steps down as interim CFO, remains subsidiary controller.
Barbara M. Lilley appointed Interim CFO of TechPrecision Corp.
Appointed Interim CFO, principal financial and accounting officer effective March 7, 2025.
TechPrecision receives Nasdaq notice for delayed 10-Q; faces potential delisting
Received Nasdaq notice on Feb 21, 2025, for non-compliance with Listing Rule 5250(c)(1) due to late Q3 FY2025 10-Q.
TechPrecision CEO appointed interim CFO; Q3 FY25 10-Q filing delayed 21 days to March 7, 2025
CFO Richard Roomberg resigned Feb 14; CEO Alexander Shen named interim principal financial & accounting officer.
TechPrecision CFO Richard Roomberg resigns effective Feb 14, 2025
CFO Richard D. Roomberg notified company of resignation from all roles effective February 14, 2025.
TechPrecision Q2 revenue $8.9M (+8%), net loss $0.6M; Stadco operating loss $0.8M
Q2 revenue $8.9M, up 8% YoY; gross profit $1.0M down 2%.
TechPrecision director John A. Moore resigns effective Jan 13, 2025
John A. Moore resigned from the board effective Jan 13, 2025 to focus on other responsibilities; no disagreement with company operations.
TechPrecision extends revolver maturity to Apr 30, 2025; elects 3 new directors
Extended $5M revolver maturity from Jan 15, 2025 to Apr 30, 2025; other terms unchanged.
TechPrecision shareholders elect two dissident directors, reject equity plan increase and say-on-pay
Shareholders elected Wynnefield nominees Renuart and Straus; incumbents Crisafulli and McGowan were not elected.
TechPrecision changes auditor to CBIZ CPAs after Marcum resignation
Marcum LLP resigned as auditor on Nov 20, 2024; CBIZ CPAs P.C. engaged as new independent registered public accounting firm.
TechPrecision receives Nasdaq non-compliance notice for late 10-Q filing
Nasdaq notice on Nov 21, 2024 for failure to file Q2 FY2025 10-Q by Nov 19 extended deadline.
TechPrecision Q1 FY2025 rev $8.0M (+8% YoY); net loss $1.5M on Stadco operating loss
Revenue $8.0M, +8% YoY; cost of revenue $7.7M, up 16%; gross profit $238K, -66%.
TechPrecision corrects annual meeting date to Dec 19, 2024 and sets deadlines
Annual Meeting set for December 19, 2024 via virtual webcast at 10:00 a.m. ET.
TechPrecision delays FY25 Q1/Q2 filings due to STADCO revenue issues; annual meeting Dec 19
Annual meeting set for Dec 19, 2024, via virtual webcast; record date Nov 4, 2024.
TechPrecision appoints Richard Roomberg as CFO; Barbara Lilley becomes Controller
Richard Roomberg appointed CFO effective Sept 20, 2024; Barbara Lilley steps down as CFO to become Controller.
TechPrecision FY2024: operating loss $4.6M, debt covenant violated, working capital negative $2.9M
Q4 net sales $8.6M (+15% YoY); full-year net sales $31.6M (+1%).
TechPrecision extends revolver maturity to Jan 2025; discloses existing loan defaults
Revolving credit line maturity extended from Aug 30, 2024 to Jan 15, 2025.
TechPrecision receives Nasdaq notice for late 10-Q filing; delisting risk remains
Nasdaq notice on Aug 21, 2024 for delayed Form 10-Q (June 30, 2024 quarter); 10-K also not yet filed.
TechPrecision receives Nasdaq non-compliance notice for late Form 10-K filing
Nasdaq notice received July 18, 2024 for failure to file annual Form 10-K by July 16, 2024 extended deadline.
Private placement of 666,100 shares and warrants at $3.45/unit; gross proceeds ~$2.3M; closed July 8, 2024.
TechPrecision subsidiary extends revolver to Aug 2024, cuts line to $4.5M, acknowledges defaults
Revolver maturity extended to Aug 30, 2024; maximum principal reduced from $5M to $4.5M.
TechPrecision extends revolver maturity to May 24; acknowledges covenant defaults
Revolver maturity extended from Mar 20, 2024 to May 24, 2024; due diligence spending limit raised to $2M from $1M.
TechPrecision terminates Votaw acquisition; owes 320k share termination fee
Seller Doerfer terminated the Stock Purchase Agreement on Apr 2, 2024; reinstatement negotiations failed.
TechPrecision receives Nasdaq late-filing notice; says deficiency cured with Q3 10-Q filing
Received Nasdaq notice on Feb 26, 2024 for failure to timely file Q3 10-Q by Feb 20 extended deadline.
TechPrecision Q3 revenue down 8% to $7.7M; operating loss of $1.0M; backlog rises to $50.8M
Net sales $7.7M (-8% YoY); operating loss $1.0M vs income $0.3M a year ago.
On March 31, 2025, TechPrecision Corporation (the “ Company ”) announced that the Board of Directors (the “ Board ”) of the Company appointed Phillip E. Podgorski to serve as the Chief Financial Officer of the Company, effective March 31, 2025
Barbara M. Lilley stepped down as the Company’s Interim Chief Financial Officer and will retain her position as Controller of Ranor, Inc., a wholly owned subsidiary of the Company, effective on the Transition Date.
On March 7, 2025, the Board appointed Barbara M. Lilley, 66, the Controller of Ranor, Inc., one of the Company’s operating subsidiaries, to serve as Interim Chief Financial Officer, principal financial officer and principal accounting officer, in addition to her current duties, while the Board is engaged in a search to identify the Company’s next Chief Financial Officer.
Mr. Shen will no longer be the principal financial officer and principal accounting officer of the Company, as Ms. Lilley assumed those responsibilities upon her appointment as Interim Chief Financial Officer.
On February 14, 2025, the Board of Directors of the Company, appointed Alexander Shen, the Company’s Chief Executive Officer to serve as the interim principal financial officer and principal accounting officer of the Company
As previously reported, Richard Roomberg resigned as Chief Financial Officer of TechPrecision Corporation (the “ Company ”), effective on February 14, 2025
On January 15, 2025, Richard D. Roomberg, Chief Financial Officer of the Company, notified the Company that he will resign from all roles with the Company and its subsidiaries effective as of February 14, 2025.
On January 13, 2025, John A. Moore resigned as a member of the board of directors (the “ Board ”) of TechPrecision Corporation (the “ Company ”), effective immediately.
Barbara M. Lilley stepped down as Chief Financial Officer of the Company and all other roles held with the Company and its subsidiaries effective on the Transition Date to become Controller and will continue her employment with the Company in that capacity.
On September 19, 2024, the board of directors of TechPrecision Corporation (the “Company”) appointed Richard D. Roomberg to serve as Chief Financial Officer of the Company, effective as of August 20, 2024
Max materiality 0.85 · Median 0.62 · Most common event earnings