TechPrecision | 8-K: FY2026 Revenue: USD 31.64 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026, the actual value is USD 31.64 M.
EPS: As of FY2026, the actual value is USD -0.17.
EBIT: As of FY2026, the actual value is USD -1.148 M.
Fiscal Year 2026 Full Year Financial Highlights (Ended March 31, 2026 vs. 2025)
Consolidated Operational Metrics
- Consolidated cost of revenue was $26.669 million, a 10% decrease from $29.702 million in the prior year.
- Consolidated gross profit increased by 15% to $4.975 million, up from $4.329 million.
- Consolidated gross margin expanded by 300 basis points for the fiscal 2026 full year period.
- Selling, General and Administrative (SG&A) decreased by 7% to $6.041 million, from $6.487 million.
- The operating loss narrowed to - $1.067 million, compared to - $2.158 million in the prior year.
- Interest expense decreased by 10% to - $0.485 million, from - $0.541 million.
- Net loss was - $1.664 million, a 41% decrease compared to - $2.748 million in the prior year.
- EBITDA was $1.646 million, an increase of $1.059 million compared to $0.587 million in the prior year.
Segment Revenue and Gross Profit (Fiscal Year 2026 vs. 2025)
- Ranor Gross Profit was $6.324 million, an 11% increase from $5.674 million.
- Stadco Gross Profit was - $1.349 million, compared to - $1.345 million.
Cash Flow (Fiscal Year 2026 vs. 2025)
- Net cash provided by operating activities was $0.006 million, compared to net cash used in operating activities of - $0.599 million in the prior year.
- Net cash provided by investing activities was $0.868 million, compared to net cash used in investing activities of - $1.081 million in the prior year.
- Net cash used in financing activities was - $0.638 million, compared to net cash provided by financing activities of $1.737 million in the prior year.
Financial Position (As of March 31, 2026 vs. 2025)
- Cash was $0.431 million, compared to $0.195 million.
- Working capital was - $0.4 million, compared to - $1.6 million.
- Total debt was $6.9 million, compared to $7.4 million.
Unique Metrics
- Funded backlog reached $52.1 million as of March 31, 2026, with approximately $25 million of additional unfunded purchase orders.
Fiscal Year 2026 Fourth Quarter Financial Highlights (Ended March 31, 2026 vs. 2025)
Consolidated Operational Metrics
- Cost of revenue was $6.979 million, a 6% decrease from $7.391 million.
- Gross profit was $1.105 million, a 47% decrease from $2.085 million.
- SG&A decreased by 24% to $1.299 million, from $1.718 million.
- Operating loss was - $0.194 million, compared to operating income of $0.367 million in the prior year.
- Interest expense decreased 25% to - $0.111 million, from - $0.149 million.
- Net loss was - $0.419 million, compared with net income of $0.112 million in the same period a year ago.
Segment Revenue and Gross Profit (Fourth Quarter 2026 vs. 2025)
- Ranor Gross Profit was $1.077 million, a -16% change from $1.275 million.
- Stadco Gross Profit was $0.028 million, a -97% change from $0.810 million.
Outlook / Guidance
TechPrecision Corporation projects double-digit revenue growth and resulting EBITDA for Fiscal Year 2027. Full year consolidated revenue is expected to be between $35.0 million and $37.0 million, with EBITDA projected to be between $3.0 million and $4.0 million. This guidance implies a 10% revenue growth and 80% EBITDA growth for FY 2027.
