Highest-materiality recent filing
TechPrecision reports FY 2026 net loss of $1.6M, guides FY 2027 revenue $35-37M
Full-year revenue $31.6M (-7% YoY); gross profit $5.0M (+15%), margin +300 bps.
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 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 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.
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 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 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 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 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.
TechPrecision provides post-acquisition FY25-27 forecast; delays Q3 10-Q filing
Combined company forecast: FY25E net sales $123.5M, EBITDA $18.4M; FY27E net sales $156.9M, EBITDA $35.6M.
TechPrecision extends revolver maturity to March 20, 2024; acknowledges existing covenant default
Revolver maturity extended from Dec 20, 2023 to March 20, 2024.
Votaw Q1 FY2023 revenues $9.2M; Q2 $9.7M; Q3 $14.2M; Q4 $13.7M.
TechPrecision signs definitive agreement to acquire Votaw Precision for up to $85M
Purchase price up to $85M: $70M at closing, $15M in semi-annual payments, plus earnout up to $25M based on FY2024 EBITDA exceeding $11.175M.
TechPrecision Q2 net loss $528K; backlog $44.6M; debt covenant violation
Net sales $8.0M, down 6% YoY; net loss $528K ($0.06 per share).
TechPrecision Q1 net sales $7.4M (+4% YoY); net loss $527K; backlog $46.3M
Net sales $7.4M, +4% YoY; net loss $527K or $0.06 per share.
TechPrecision FY2023 revenue up 41% to $31.4M; Stadco losses weigh on profitability
FY2023 net sales $31.4M (up $9.1M YoY); backlog strong at $44.0M expecting delivery over 1-3 years.
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
On July 17, 2023, TechPrecision Corporation (the “ Company ”) entered into an Employment Agreement with Barbara M. Lilley (the “ Employment Agreement ”), with an effective date as of July 14, 2023 and which governs Ms. Lilley’s employment as Chief Financial Officer of the Company.
On May 30, 2023, the Board appointed Barbara M. Lilley, currently the Controller of the Company, as Chief Financial Officer, effective as of the Transition Date, to succeed Mr. Sammons.
Max materiality 0.85 · Median 0.62 · Most common event earnings