See more : Secoo Holding Limited (SECOY) Income Statement Analysis – Financial Results
Complete financial analysis of TechPrecision Corporation (TPCS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of TechPrecision Corporation, a leading company in the Manufacturing – Metal Fabrication industry within the Industrials sector.
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TechPrecision Corporation (TPCS)
Industry: Manufacturing - Metal Fabrication
Sector: Industrials
Website: https://www.techprecision.com
About TechPrecision Corporation
TechPrecision Corporation, together with its subsidiaries, manufactures and sells precision, fabricated, and machined metal structural components and systems in the United States. The company operates through two segments, Ranor and Stadco. It provides custom components for ships, submarines, military helicopters, aerospace equipment, components for nuclear power plants, and components for medical systems. The company also provides support services to its manufacturing capabilities comprising manufacturing engineering, quality control, materials procurement, production control, and final assembly. Its finished products are used various markets, including defense, aerospace, nuclear, medical, and precision industrial. TechPrecision Corporation was founded in 1956 and is headquartered in Westminster, Massachusetts.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 31.59M | 31.43M | 22.28M | 15.60M | 16.01M | 16.70M | 18.73M | 18.55M | 16.85M | 18.23M | 21.07M | 32.47M | 33.27M | 32.28M | 28.35M | 38.09M | 31.81M | 19.09M | 20.27M |
| Cost of Revenue | 27.47M | 26.53M | 18.91M | 12.13M | 12.87M | 12.12M | 14.75M | 12.45M | 11.36M | 15.93M | 21.80M | 25.91M | 28.18M | 22.37M | 22.25M | 25.97M | 23.47M | 15.54M | 17.63M |
| Gross Profit | 4.12M | 4.90M | 3.38M | 3.46M | 3.14M | 4.58M | 3.98M | 6.10M | 5.49M | 2.31M | -731.79K | 6.56M | 5.08M | 9.92M | 6.10M | 12.12M | 8.33M | 3.54M | 2.63M |
| Gross Profit Ratio | 13.04% | 15.60% | 15.15% | 22.21% | 19.61% | 27.45% | 21.23% | 32.86% | 32.60% | 12.66% | -3.47% | 20.20% | 15.28% | 30.71% | 21.52% | 31.81% | 26.20% | 18.56% | 13.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 8.75M | 6.01M | 4.94M | 2.84M | 2.79M | 2.75M | 3.01M | 4.34M | 3.39M | 4.53M | 6.11M | 8.16M | 0.00 | 5.17M | 3.35M | 2.46M | 291.36M | 498.35M | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -289.43M | -496.25M | 0.00 |
| SG&A | 8.75M | 6.01M | 4.94M | 2.84M | 2.79M | 2.75M | 3.01M | 4.34M | 3.39M | 4.53M | 6.11M | 8.16M | 8.45M | 5.17M | 3.35M | 2.46M | 1.93M | 2.10M | 1.91M |
| Other Expenses | 0.00 | 40.84K | -28.39K | 4.60K | 22.75K | 41.03K | 4.27K | 8.44K | 1.20K | -4.63K | 874.00 | -29.59K | 0.00 | 3.14B | 2.09B | 1.80B | 1.52B | 1.71B | 0.00 |
| Operating Expenses | 8.75M | 6.01M | 4.94M | 2.84M | 2.79M | 2.75M | 3.01M | 4.34M | 3.39M | 4.53M | 6.11M | 8.16M | 8.45M | 5.17M | 3.35M | 2.46M | 1.93M | 2.10M | 1.91M |
| Cost & Expenses | 36.22M | 32.54M | 23.84M | 14.97M | 15.65M | 14.86M | 17.76M | 16.79M | 14.75M | 20.46M | 27.91M | 34.08M | 36.63M | 27.54M | 25.59M | 28.43M | 25.40M | 17.64M | 19.54M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 30.00 | 121.00 | 3.60K | 2.19K | 20.04K | 10.46K | 15.85K | 0.00 | 479.00K | 0.00 | 0.00 |
| Interest Expense | 521.11K | 355.61K | 269.38K | 202.34K | 296.08K | 354.83K | 412.99K | 644.02K | 752.28K | 1.51M | 440.63K | 309.80K | 267.58K | 542.04K | 439.10K | 472.03K | 528.64K | 0.00 | 0.00 |
| Depreciation & Amortization | 2.43M | 2.22M | 1.46M | 704.05K | 717.58K | 749.76K | 704.28K | 689.29K | 747.55K | 839.51K | 953.43K | 846.01K | 681.43K | 372.76K | 424.89K | 566.84K | 483.36K | 873.32K | 456.38K |
| EBITDA | -2.16M | 1.79M | 1.19M | 1.33M | 599.04K | 2.59M | 1.67M | 2.45M | 2.86M | -1.39M | -5.89M | -783.80K | -2.64M | 5.19M | 3.21M | 10.23M | 6.89M | 2.32M | 1.18M |
| EBITDA Ratio | -6.84% | 3.67% | -7.14% | 8.54% | 6.83% | 15.74% | 8.92% | 13.24% | 16.95% | -7.60% | -27.94% | -2.41% | -8.00% | 15.88% | 11.31% | 26.85% | 21.65% | 13.67% | 5.91% |
| Operating Income | -4.63M | -1.06M | -1.56M | 623.25K | 376.47K | 1.84M | 967.30K | 2.88M | 2.11M | -2.23M | -6.84M | -1.60M | -3.36M | 4.74M | 2.75M | 9.66M | 6.40M | 1.45M | 726.08K |
| Operating Income Ratio | -14.66% | -3.39% | -7.01% | 4.00% | 2.35% | 11.00% | 5.16% | 15.53% | 12.51% | -12.21% | -32.49% | -4.93% | -10.11% | 14.70% | 9.72% | 25.35% | 20.13% | 7.57% | 3.58% |
| Total Other Income/Expenses | -477.75K | 321.80K | 1.02M | -197.74K | -791.08K | -313.79K | -408.72K | -635.58K | -751.05K | -1.52M | -436.16K | -337.20K | -228.72K | -468.86K | -411.25K | -467.14K | -528.16K | -915.27K | -1.11M |
| Income Before Tax | -5.11M | -783.42K | -542.19K | 425.51K | -414.61K | 1.52M | 558.58K | 2.25M | 1.36M | -3.74M | -7.28M | -1.94M | -3.59M | 4.28M | 2.34M | 9.19M | 5.87M | 530.33K | -385.96K |
| Income Before Tax Ratio | -16.18% | -2.49% | -2.43% | 2.73% | -2.59% | 9.12% | 2.98% | 12.11% | 8.06% | -20.54% | -34.56% | -5.97% | -10.80% | 13.24% | 8.27% | 24.13% | 18.47% | 2.78% | -1.90% |
| Income Tax Expense | 1.93M | 195.58K | -192.36K | 104.88K | -73.04K | 423.36K | 824.49K | -2.83M | -768.00 | -160.51K | -185.47K | 472.33K | -1.47M | 1.59M | 298.33K | 3.26M | 2.36M | 240.10K | 42.19K |
| Net Income | -7.04M | -979.01K | -349.83K | 320.63K | -341.57K | 1.10M | -265.91K | 5.08M | 1.36M | -3.58M | -7.10M | -2.41M | -2.12M | 2.69M | 2.04M | 5.93M | 3.52M | 290.23K | -428.15K |
| Net Income Ratio | -22.29% | -3.11% | -1.57% | 2.06% | -2.13% | 6.59% | -1.42% | 27.39% | 8.06% | -19.66% | -33.68% | -7.43% | -6.38% | 8.32% | 7.21% | 15.57% | 11.05% | 1.52% | -2.11% |
| EPS | -0.81 | -0.11 | -0.04 | 0.04 | -0.05 | 0.15 | -0.04 | 0.72 | 0.20 | -0.59 | -1.37 | -0.51 | -0.51 | 0.76 | 0.60 | 1.72 | 1.28 | -0.16 | -0.21 |
| EPS Diluted | -0.81 | -0.11 | -0.04 | 0.04 | -0.05 | 0.15 | -0.04 | 0.72 | 0.20 | -0.59 | -1.37 | -0.51 | -0.51 | 0.48 | 0.40 | 0.92 | 0.48 | -0.16 | -0.21 |
| Weighted Avg Shares Out | 8.72M | 8.60M | 8.10M | 7.36M | 7.31M | 7.22M | 7.21M | 6.98M | 6.60M | 6.03M | 5.19M | 4.75M | 4.18M | 3.62M | 3.52M | 3.41M | 2.72M | 2.50M | 2.07M |
| Weighted Avg Shares Out (Dil) | 8.72M | 8.60M | 8.10M | 7.76M | 7.31M | 7.57M | 7.21M | 7.15M | 6.64M | 6.03M | 5.19M | 4.75M | 4.18M | 5.72M | 5.21M | 6.44M | 7.10M | 2.50M | 2.07M |
TechPrecision Announces Pricing and Closing of $2.3 Million Private Placement
WESTMINSTER, MA / ACCESSWIRE / July 8, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "we," "us" or "our"), announced today that it has entered into a securities purchase agreement with certain accredited investors for the purchase of 666,100 shares of...
TechPrecision Announces Preliminary Q4 2024 Financials and Filing of Form 12b-25 to Extend Time to File FY 2024 Annual Report
WESTMINSTER, MA / ACCESSWIRE / July 1, 2024 / TechPrecision Corporation (Nasdaq:TPCS) ("TechPrecision" or the "Company," "we," "us" or "our") today announced unaudited preliminary Q4 2024 financial information and disclosed it had filed form 12b-25 for a 15 day extension...
TechPrecision Announces Termination of Agreement to Acquire Votaw Precision Technologies
Discloses Cleansing Information Provided in Connection with Abandoned Votaw Acquisition Financing WESTMINSTER, MA / ACCESSWIRE / April 8, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or the "Company," "we," "us" or "our") today announced the termination of the Stock Purchase Agreement...
TechPrecision Announces Receipt of Nasdaq Listing Determination; Expects Deficiency to Be Cured with Filing of Q3 Form 10-Q Today
WESTMINSTER, MA / ACCESSWIRE / March 1, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "we," "us" or "our") today announced that on February 26, 2024, TechPrecision Corporation (the "Company") received a notice (the "Notice") from the Listing Qualifications Department of...
TechPrecision Corporation (TPCS) Q3 2024 Earnings Call Transcript
TechPrecision Corporation (TPCS) Q3 2024 Earnings Call Transcript
TechPrecision Corporation Reports FY 2024 Third Quarter Financial Results
Backlog increased to $50.8 million, Customer confidence remains high WESTMINSTER, MA / ACCESSWIRE / February 29, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company"), an industry-leading manufacturer of precision, large-scale fabricated and machined metal components and tested systems with...
TechPrecision Corporation Schedules Conference Call to Report Fiscal 2024 Third Quarter Financial Results
WESTMINSTER, MA / ACCESSWIRE / February 28, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company"), an industry-leading manufacturer of precision, large-scale fabricated and machined metal components and tested systems with customers in the defense and precision industrial sectors, today...
TechPrecision Provides Additional Financial Information in Connection with Pending Acquisition of Votaw
Three Year Consolidated Forecast Votaw November and December 2023 Unaudited Summary Financials Status of Filing Fiscal Year 2024 Q3 10-Q WESTMINSTER, MA / ACCESSWIRE / February 22, 2024 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company," "we," "us" or "our")...
WYNNEFIELD CAPITAL IMPLORES TECHPRECISION TO GIVE ALL SHAREHOLDERS A VOICE IN VOTAW PRECISION TECHNOLOGIES TRANSACTION
NEW YORK , Jan. 19, 2024 /PRNewswire/ -- Wynnefield Capital and its affiliates, collectively the largest institutional stockholder of TechPrecision Corporation (NASDAQ: TPCS), with a 4.5% beneficial ownership interest, today issued the following public letter to the Company's Board of...
TechPrecision Provides Update on Status of Votaw Acquisition
WESTMINSTER, MA / ACCESSWIRE / January 8, 2024 / Today, TechPrecision Corporation (Nasdaq:TPCS) ("TechPrecision" or "we," "us" or "our") announced the expiration of the 45-day diligence period during which it could have terminated its previously disclosed Stock Purchase Agreement related...
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