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TechPrecision (TPCS) investor relations material
TechPrecision Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Fiscal Q3 2026 revenue was $7.1 million, down 7% year-over-year, mainly due to Stadco's underperformance from delayed customer materials, unfavorable project mix, and higher contract loss provisions.
Net loss for Q3 was $1.5 million, or $0.15 per share, reflecting ongoing operational challenges at Stadco; nine-month net loss was $1.2 million, or $0.13 per share.
Ranor segment maintained stable performance with $4.4 million revenue and $1.5 million operating profit, while Stadco posted a $1.2 million operating loss on $2.9 million revenue.
The company remains focused on cash management, expense control, and securing strategic customer confidence, especially in defense sectors.
Achieved significant productivity gains year-to-date, with cost of revenue down 12% and gross profit up 72% compared to the prior year period.
Financial highlights
Consolidated gross profit for Q3 was $0.4 million, down 62% year-over-year; nine-month gross profit was $3.9 million, up 72% year-over-year.
Nine-month consolidated revenue was $23.6 million, down 4% year-over-year; cost of revenue decreased by $2.6 million due to favorable mix and productivity gains.
Q3 SG&A increased 3% to $1.7 million, mainly from higher stock-based compensation; nine-month SG&A decreased 1%.
Interest expense declined due to lower costs on term loans and revolver; Q3 interest expense down 18%, nine-month down 5%.
Q3 EBITDA was negative $0.7 million; for nine months, negative $0.4 million, improved from negative $1.6 million prior year.
Outlook and guidance
Management expects to deliver the $46 million backlog over the next one to three fiscal years, targeting gross margin expansion.
New business awards and improved pricing, especially with key customers like Sikorsky, are expected to support future revenue and profitability growth.
Leadership is focused on eliminating loss-making legacy contracts and shifting toward repeat, long-term programs.
Substantial doubt exists about the ability to continue as a going concern due to recurring losses at Stadco, covenant breaches, and the need to renew or replace the revolver loan by May 15, 2026.
Management is focused on improving Stadco profitability, increasing manufacturing utilization, and reducing costs.
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