TechPrecision (TPCS) investor relations material

Executive summary

• Fiscal Q4 2026 consolidated revenue was $8.1M, down 15% year-over-year, with gross profit of $1.1M, down 47% due to lower revenue and margin pressure at Stadco.

• FY 2026 revenue was $31.6M, down 7% year-over-year, reflecting a focus on project mix over volume.

• Gross margin expanded 300 basis points in FY 2026, driven by a strategic shift to higher-margin projects, especially at Stadco.

• Net loss improved by $1.1M year-over-year to $(1.7)M, with EBITDA rising to $1.6M from $0.6M.

• Backlog stands at $52M funded, with an additional $25M in unfunded purchase orders, expected to be delivered over 1–3 years.

Financial highlights

• FY 2026 revenue: $31.6M (down 7% year-over-year); Q4 revenue: $8.1M (down 15% year-over-year).

• FY 2026 gross profit: $5.0M (up 15% year-over-year); Q4 gross profit: $1.1M (down 47% year-over-year).

• FY 2026 operating loss: $(1.1)M (improved from $(2.2)M prior year); Q4 operating loss: $(0.2)M.

• FY 2026 net loss: $(1.7)M (improved from $(2.7)M prior year); Q4 net loss: $(0.4)M.

• FY 2026 EBITDA: $1.6M (up from $0.6M prior year).

Outlook and guidance

• FY 2027 revenue guidance: $35M–$37M (+10% year-over-year); projected EBITDA: $3M–$4M, nearly doubling year-over-year.

• Management expects both major Stadco programs to be profitable in FY 2027.

• Focus remains on margin expansion, backlog execution, and strategic mix improvement.