TechPrecision Corporation (TPCS) Q1 2027 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Tech Precision Corporation Fiscal Year 2027 First Quarter Earnings Call. At this time, all participants are on a listen-only mode. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Brett Moss, Managing Director of Hayden IR. Thank you, sir. You may begin. Thank you. On the call today are Alex Shen, Chief Executive Officer, and Phil Podgorski, Chief Financial Officer. Before we begin, I'd like to remind our listeners that management's remarks may contain forward-looking statements which are subject to risks and uncertainties, and management may make additional forward-looking statements in response to your questions. Therefore, the company claims the protection of the safe harbor for forward-looking statements, and as contained in the Private Securities Investigation Reform Act of 1995. Actual results may differ from those discussed today, and therefore we are afraid of a more detailed discussion of risks and uncertainties in the company's financial filings with the SEC. In addition, projections as to the company's future performance represents management's estimates as of today, August 13th, 2026. Tech Precision assumes no obligation to revise or update these forward-looking statements. With that out of the way, I'd like to turn the call over to Alex Shen, Chief Executive Officer, to provide opening remarks. Alex, the floor is yours. Brett, thank you. Hello and good afternoon to everyone. Thank you for joining us. Fiscal 2027, first quarter. Consolidated revenue was $9.1 million, 23% higher when compared to $7.4 million in the fiscal 2026 first quarter. Consolidated gross profit totaled $1.4 million, or 36% higher, when compared to the first quarter of fiscal 2026, primarily due to higher ...