Techprecision reports Q1 revenue rises 23% to $9.1 million
Techprecision said fiscal 2027 first-quarter revenue rose 23% to $9.1 million from $7.4 million, gross profit increased 36% to $1.4 million, and net loss was $153,000.
Techprecision (NASDAQ: TPCS ) reported first-quarter financial results on Thursday.
The transcript from the company's first-quarter earnings call has been provided below.
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For comprehensive financial data and transcripts, visit Access the full call at Summary Techprecision Corporation reported a 23% increase in first-quarter fiscal 2027 revenue to $9.1 million compared to the previous year.
The company's gross profit rose by 36% due to increased revenue and improved gross margins, despite a net loss of $153,000 for the quarter.
The Ranor segment benefited from $24 million in grants for its U.S.
Navy submarine programs, contributing to a strong $52 million backlog and additional $22 million in unfunded purchase orders.
Management emphasized aggressive cash management and cost control, with a focus on customer project mix and improving throughput.
Techprecision is pursuing new quoting opportunities in the defense sector, leveraging strong customer confidence and unique manufacturing capabilities.
The company aims to address performance issues at Stadco by revising older contracts and implementing a more rigorous quoting process.
Management remains optimistic about future revenue growth and profitability, particularly within defense markets, while continuing to seek strategic customer partnerships.
Full Transcript OPERATOR Greetings and welcome to the Techprecision Corporation Fiscal Year 2027 First Quarter Earnings Call.
At this time, all participants are on a listen-only mode.
As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Mr.
Brett Moss, Managing Director of Hayden IR.
Thank you, sir.
You may begin.
Brett Moss, Managing Director at Hayden IR Thank you.
On the call today are Alex Shen, Chief Executive Officer, and Phil Podgorski, Chief Financial Officer.
Before we begin, I'd like to remind our listeners that management's remarks may contain forward-looking statements, which are subject to risks and uncertainties.
Management may make additional forward-looking statements in response to your questions.
Therefore, the Company claims the protection of the safe harbor for forward-looking statements as contained in the Private Securities Litigation Reform Act of 1995.
Actual results may differ from those discussed today, and therefore we refer you to a more detailed discussion of risks and uncertainties in the Company's financial filings with the SEC.
In addition, projections as to the Company's future performance represent management's estimates as of today, August 13, 2026.
Techprecision assumes no obligation to revise or update these forward-looking statements.
With that out of the way, I'd like to turn the call over to Alex Shen, Chief Executive Officer, to provide opening remarks.
Alex, the floor is yours.
Alex Shen, CEO Brett, thank you.
Hello and good afternoon to everyone.
Thank you for joining us.
Fiscal 2027 first quarter consolidated revenue was $9.1 million, 23% higher when compared to $7.4 million in the fiscal 2026 first quarter.
Consolidated gross profit totaled $1.4 million, or 36% higher when compared to the first quarter of fiscal 2026, primarily due to higher revenue and gross margin.
Fiscal 2027 first quarter Ranor revenue was $5.5 million, 27% higher when compared to the prior year.
First Quarter Results: Fiscal 2027 first quarter revenue at Stadco increased by 22% to $4.1 million as we executed on our strategy to improve both customer project mix and gross margin expansion.
We remain highly focused on aggressive daily cash management, a critical piece of risk mitigation.