TECHPRECISION CORP (TPCS) Form 10-Q — Aug 13, 2026

$TPCSForm 10-QFiled Aug 13, 2026, 4:19 PM ET0001104659-26-095944Original filing

TechPrecision's fiscal Q1 2027 (quarter ended June 30, 2026) showed strong operating momentum, with revenue up 23% year over year to $9.096 million, gross margin improving to 15.4%, and the net loss narrowing to $153 thousand ($0.02 per share) from $597 thousand a year earlier, on $1.898 million of positive operating cash flow. The 10-Q, however, discloses substantial doubt about the company's ability to continue as a going concern: TechPrecision breached its balance sheet leverage covenant as of both June 30, 2026 and March 31, 2026, lender Beacon Bank & Trust has not granted a waiver, and all $5.017 million of debt has been reclassified as current against just $279 thousand of cash.

Key figures

Eps: -$0.02 basic and diluted (vs -$0.06 prior year)
Revenue: $9.096 million (three months ended June 30, 2026)
Net Income: -$153 thousand net loss (vs -$597 thousand prior year)
Total Debt: $5.017 million as of June 30, 2026 (all classified as current)
Revenue Yoy: +23% (vs $7.379 million in the prior-year quarter)
Cash Position: $279 thousand as of June 30, 2026
Gross Profit: $1.400 million; gross margin 15.4% vs 14.0% prior year
Ranor Backlog: $31.548 million
Operating Loss: -$45 thousand (vs -$463 thousand prior year)
Stadco Backlog: $21.133 million
Working Capital: -$46 thousand
Operating Cash Flow: $1.898 million (vs $646 thousand prior year)
Shares Outstanding: 10100311
Stockholders Equity: $7.612 million
Capital Expenditures: $2.436 million (offset by $2.420 million supplier development fund reimbursement)
Total Available Liquidity: $2.067 million ($279 thousand cash + $1.788 million undrawn revolver capacity)
Revolver Maturity Deadline: September 15, 2026
Deferred Tax Valuation Allowance: $6.1 million
Remaining Performance Obligations: $52.681 million
Revolver Weighted Average Interest Rate: 6.26% at June 30, 2026

Price after filing

1 day: +23.8%7 days: +19.8%30 days: +19.2%

Close on the filing date to close N calendar days later (from $4.84). Historical, not a forecast.

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