TechPrecision Corporation reported financial results for the first quarter ended June 30, 2025.
Backlog reached $50 million, driven by strong customer confidence.
Consolidated gross margin expanded to 14% on $7.4 million in revenue in the first quarter of fiscal 2026.
Backlog Reaches $50 Million
High customer confidence led to a substantial backlog of $50.1 million as of June 30, 2025.
Gross Margin Expansion
Consolidated gross margin expanded to 14%, showing improved production efficiencies and profitability.
Revenue Decrease
Revenue declined by 8% mainly due to lower revenue at Stadco.
Improved Operating Performance
Gross profit increased by $0.8 million driven by better operating performance at Ranor and Stadco.
Net Loss Reduction
Net loss decreased to $0.6 million compared to $1.5 million in the same period last year.
- TechPrecision's financial results showcase a mix of challenges and successes in the first quarter of fiscal 2026.
- Despite a revenue decrease, improved gross margin and operational performance are positive indicators for future growth.
- The company's focus on customer satisfaction is evident through the high backlog and gross margin expansion.
Overall, TechPrecision Corporation's first quarter results reflect resilience and potential for growth despite revenue challenges. The company's strategic focus on operational efficiency and customer confidence bodes well for future profitability and expansion in the precision manufacturing market.