TechPrecision Q3 Revenue Down 7%, Net Loss Widens to $1.5M
TechPrecision reported Q3 revenue of $7.1 million, down 7%, with gross profit plunging 62% to $0.4 million and net loss widening to $1.5 million. For the nine months, cost of revenue fell 12%, lifting gross profit 72% to $3.9 million, while backlog reached $46.0 million for delivery over the next three years.
1. Third Quarter Financial Results
TechPrecision posted revenue of $7.1 million, down 7% year-over-year, with cost of revenue rising 1% to $6.7 million. Gross profit fell 62% to $0.4 million, operating losses increased due to a 10% revenue decline and 2% cost rise at Stadco, and net loss widened to $1.5 million.
2. Nine-Month Performance and Productivity Gains
For the nine months ended December 31, 2025, revenue totaled $23.6 million, a 4% decrease, while cost of revenue declined 12%, driving gross profit up 72% to $3.9 million. Improved product mix at Ranor and Stadco enhanced margins, reducing operating loss to $0.9 million from $2.5 million and narrowing net loss to $1.2 million.
3. Backlog and Outlook
Backlog reached $46.0 million as of December 31, 2025, expected to be delivered over the next one to three fiscal years. Management projects ongoing gross margin improvement as backlog conversion progresses.
4. Balance Sheet and Liquidity
Cash and equivalents stood at $0.1 million, down from $0.2 million, while working capital remained negative $0.5 million due to debt covenant classifications. Total debt decreased to $6.7 million from $7.4 million, reflecting lower scheduled interest payments.