TechPrecision (TPCS) Q4 2026 earnings summary

Executive summary

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

• FY 2026 revenue was $31.6 million, 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 $1.1 million year-over-year to $(1.6) million, with EBITDA rising to $1.6 million from $0.6 million.

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

Financial highlights

• Q4 2026 consolidated revenue decreased 15% year-over-year to $8.1 million; gross profit fell by $1 million to $1.1 million.

• FY 2026 gross profit was $5.0 million, up 15% year-over-year; gross margin was 16%, up from 13% prior year.

• FY 2026 operating loss was $1.1 million, improved from $2.2 million prior year; net loss was $1.6 million, or $0.17 per share.

• Q4 net income was $400,000, or $0.04 per share; Q4 operating loss was $0.2 million.

• SG&A expenses decreased 24% to $1.3 million in Q4 and 7% to $6.0 million for FY 2026; interest expense decreased 25%.

Outlook and guidance

• FY 2027 revenue projected at $35–$37 million, with EBITDA guidance of $3–$4 million, up from $1.6 million in FY 2026.

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

• Continued gross margin improvement is expected as backlog is delivered over the next 1–3 years.

• Strategic focus on repeat parts and programs of record to drive margin improvement.