TechPrecision Corporation Reports Fiscal Year 2026 Third Quarter Financial Results

About this update from Techprecision Corporation

The Company achieves productivity gains for the nine month year-to-date period. WESTMINSTER, MA / ACCESS Newswire / February 17, 2026 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company"), a custom manufacturer of precision, large-scale fabrication components and precision, large-scale machined metal structural components, today reported financial results for the third quarter ended December 31, 2025. The components that we manufacture are customer designed and sold to customers in the defense and precision industrial markets. We have two wholly owned subsidiaries that are each reportable segments, Ranor and Stadco. "Our Ranor segment executed on a favorable project mix with improved gross margin and gross profit in the third quarter," stated Alexander Shen, TechPrecision's Chief Executive Officer. "Stadco revenue decreased by 10% and Stadco cost of revenue increased by 2% year-over-year due to unfavorable product mix. The decreases dropped through to gross profit, and as a result, Stadco reported an operating loss in the third quarter." "Our consolidated year-to-date results were better as the Company achieved significant productivity gains when compared to the same prior year period, as cost of revenue decreased by 12% and gross profit increase by 72%," stated Mr. Shen. "Customer confidence remains high with our backlog reaching $46.0 million as of December 31, 2025," Mr. Shen continued. "We expect to deliver this backlog over the next one to three fiscal years with expectations for gross margin improvement throughout the period." The following summary compares the three and nine months ended December 31, 2025 to the same prior year period: Consolidated Financial Results - Fiscal 2026 Three Months Ended December 31, 2025 Consolidated Financial Results - Fiscal 2026 Nine Months Ended December 31, 2025 Financial Position On December 31, 2025 and March 31, 2025, the Company had approximately $0.1 million and $0.2 million in cash and cash equivalents, respectively. Working capital was negative $0.5 million on December 31, 2025 and debt totaled $6.7 million. Working capital was negative $1.6 million and total debt was $7.4 million on March 31, 2025. Negative working capital reflects required classification of all debt obligations as current due to debt covenant v...

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