TechPrecision Corporation (TPCS) released its third‑quarter 2025 financial results on February 17, 2026, reporting a consolidated revenue of $7.1 million, down 7% from $7.6 million in the same quarter a year earlier. The company posted a net loss of $1.5 million, or $0.15 per share, compared with a $0.8 million loss in the prior year’s quarter.
Segment analysis shows that the Ranor business generated $4.4 million in revenue and an operating profit of $1.5 million, while the Stadco segment produced $2.9 million in revenue but incurred an operating loss of $1.2 million. The decline in Stadco revenue—down 10%—was driven by delays in receiving customer‑furnished materials, an unfavorable project mix, higher provisions for projected contract losses, and equipment downtime, all of which also pushed cost of revenue up 2%.
Management highlighted that the combined effect of the weaker Stadco performance and the stronger Ranor results led to the overall revenue drop and widened net loss. CEO Alexander Shen noted that the company’s backlog remains robust at $46 million as of December 31, 2025, and that the backlog is expected to be delivered over the next one to three fiscal years with anticipated gross‑margin improvement.
The company’s liquidity position remains a concern. TPCS disclosed that it has breached key loan covenants, has only $0.7 million in available cash, and has reclassified all $6.7 million of debt as current. The company has explicitly stated substantial doubt about its ability to continue as a going concern without refinancing or new capital injections.
Guidance for the remainder of the fiscal year remains unchanged: management expects to fulfill the existing backlog while improving gross margins. No new revenue or earnings guidance was issued, but the company reiterated its focus on maintaining profitability through cost discipline and leveraging the strong demand in the Ranor segment.
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