Quarterly ResultAug 13, 2026, 04:24 PM
TechPrecision Q1 Revenue +23% to $9.1M; Gross Profit +36%
AI Summary
TechPrecision Corporation reported strong financial results for the first quarter of fiscal year 2027, with consolidated revenue increasing 23% to $9.1 million and gross profit rising 36% to $1.4 million. The company significantly narrowed its net loss to $0.2 million and improved EBITDA to $651,000. Both Ranor and Stadco segments contributed to revenue growth, and the company maintains its positive FY2027 guidance for double-digit revenue and substantial EBITDA growth, supported by a robust funded backlog of $52.7 million.
Key Highlights
- Consolidated revenue increased 23% to $9.1 million for Q1 FY2027.
- Consolidated gross profit rose 36% to $1.4 million.
- Net loss decreased to $0.2 million from $0.6 million in the prior year.
- EBITDA improved to $651,000 from $239,000 year-over-year.
- Ranor segment revenue increased 27% to $5.46 million.
- Stadco segment revenue increased 22% to $4.06 million.
- Funded backlog reached $52.7 million as of June 30, 2026.
- FY2027 guidance projects revenue growth of +10% to $35.0M-$37.0M and EBITDA growth of +80% to $3.0M-$4.0M.
Price Impact
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