Quarterly ResultJun 22, 2026, 04:27 PM
TechPrecision FY26 Gross Margin +300bps; Guides FY27 Rev $35-37M, EBITDA $3-4M
AI Summary
TechPrecision Corporation reported its financial results for the fourth quarter and fiscal year ended March 31, 2026. For the full fiscal year 2026, the company achieved a 300 basis point expansion in consolidated gross margin and a 15% increase in gross profit to $5.0 million, with net loss improving by 41% to $1.6 million, driven by strategic project mix changes. However, Q4 2026 saw a 15% decrease in revenue to $8.1 million and a net loss of $0.4 million. The company provided positive guidance for fiscal year 2027, projecting revenue growth of 10% to $35.0-$37.0 million and EBITDA growth of 80% to $3.0-$4.0 million, supported by a funded backlog of $52.1 million.
Key Highlights
- FY2027 revenue guidance set between $35.0 million and $37.0 million, projecting 10% growth.
- FY2027 EBITDA guidance set between $3.0 million and $4.0 million, projecting 80% growth.
- Fiscal Year 2026 gross margin expanded by 300 basis points.
- Fiscal Year 2026 consolidated gross profit increased by 15% to $5.0 million.
- Fiscal Year 2026 net loss improved by 41% to $1.6 million.
- Funded backlog reached $52.1 million as of March 31, 2026.
- Q4 2026 revenue decreased 15% to $8.1 million.
- Q4 2026 net loss was $0.4 million.
Price Impact
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