Income Statement TechPrecision Corporation

Equities

TPCS

US8787392005

Industrial Machinery & Equipment

Market Closed - Nasdaq Other stock markets 21:00:00 16/07/2025 BST			5-day change	1st Jan Change
3.440 ^USD	+0.58%		-6.01%	-5.75%

04-08	TechPrecision Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2024	CI
04-08	TechPrecision Corporation, Q3 2025 Earnings Call, Apr 08, 2025

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Published financial data: TECHPRECISION CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	16.01M	15.6M	22.28M	31.43M	31.59M
Total Revenues	16.01M	15.6M	22.28M	31.43M	31.59M
Cost of Goods Sold, Total	12.87M	12.13M	18.91M	26.53M	27.47M
Gross Profit	3.14M	3.46M	3.38M	4.9M	4.12M
Selling General & Admin Expenses, Total	2.79M	2.84M	4.62M	6.01M	5.78M
Other Operating Expenses, Total	2.79M	2.84M	4.62M	6.01M	5.78M
Operating Income	354K	623K	-1.24M	-1.11M	-1.67M
Interest Expense, Total	-296K	-202K	-269K	-356K	-521K
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-296K	-202K	-269K	-356K	-521K
Other Non Operating Income (Expenses)	6.75K	4.6K	3.04K	33.72K	2.96K
EBT, Excl. Unusual Items	64.39K	426K	-1.51M	-1.43M	-2.18M
Merger & Related Restructuring Charges	-	-	-320K	-	-1.85M
Gain (Loss) On Sale Of Assets	16K	-	22.01K	-	-
Insurance Settlements	-	-	-	-	40.4K
Legal Settlements	-495K	-	10K	-	-
Other Unusual Items	-	-	1.25M	644K	-1.12M
EBT, Incl. Unusual Items	-415K	426K	-542K	-783K	-5.11M
Income Tax Expense	-73.04K	105K	-192K	196K	1.93M
Earnings From Continuing Operations	-342K	321K	-350K	-979K	-7.04M
Net Income to Company	-342K	321K	-350K	-979K	-7.04M
Net Income - (IS)	-342K	321K	-350K	-979K	-7.04M
Net Income to Common Incl Extra Items	-342K	321K	-350K	-979K	-7.04M
Net Income to Common Excl. Extra Items	-342K	321K	-350K	-979K	-7.04M
Per Share Items
Net EPS - Basic	-0.05	0.04	-0.04	-0.11	-0.81
Basic EPS - Continuing Operations	-0.05	0.04	-0.04	-0.11	-0.81
Basic Weighted Average Shares Outstanding	7.31M	7.36M	8.1M	8.6M	8.72M
Net EPS - Diluted	-0.05	0.04	-0.04	-0.11	-0.81
Diluted EPS - Continuing Operations	-0.05	0.04	-0.04	-0.11	-0.81
Diluted Weighted Average Shares Outstanding	7.31M	7.76M	8.1M	8.6M	8.72M
Normalized Basic EPS	0.01	0.04	-0.12	-0.1	-0.16
Normalized Diluted EPS	0.01	0.03	-0.12	-0.1	-0.16
Supplemental Items
EBITDA	1.07M	1.32M	-144K	474K	96.08K
EBITA	354K	623K	-1.24M	-1.11M	-1.67M
EBIT	354K	623K	-1.24M	-1.11M	-1.67M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	17.62	24.65	35.48	-24.97	-37.81
Current Domestic Taxes	-	-76.18K	-	-	1.04K
Total Current Taxes	-	-76.18K	-	-	1.04K
Deferred Domestic Taxes	-73.04K	181K	-192K	196K	1.93M
Total Deferred Taxes	-73.04K	181K	-192K	196K	1.93M
Normalized Net Income	40.24K	266K	-942K	-892K	-1.36M
Interest Capitalized	-	-	-	14.3K	18.64K
Interest on Long-Term Debt	296K	202K	269K	356K	521K
Supplemental Operating Expense Items
General and Administrative Expenses	1.27M	1.18M	2.13M	3.18M	3.44M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	90.92K	180K	191K	253K	1.4M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	90.92K	180K	191K	253K	1.4M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	931K	2.13M	1.05M	534K	138K
Short Term Investments	-	-	-	21.71K	19.8K
Total Cash And Short Term Investments	931K	2.13M	1.05M	556K	158K
Accounts Receivable, Total	5.49M	6.14M	11.36M	11.28M	10.9M
Other Receivables	22.75K	-	1.09M	-	-
Total Receivables	5.52M	6.14M	12.45M	11.28M	10.9M
Inventory	1.22M	1.27M	2.23M	2.41M	3.25M
Prepaid Expenses	265K	339K	297K	323K	501K
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	318K	40.8K	30.77K	4.56K	43.12K
Total Current Assets	8.25M	9.92M	16.07M	14.58M	14.85M
Gross Property Plant And Equipment	13.69M	14.1M	31.03M	33.27M	35.84M
Accumulated Depreciation	-9.51M	-10.04M	-11.5M	-13.69M	-16.06M
Net Property Plant And Equipment	4.18M	4.06M	19.54M	19.57M	19.78M
Deferred Tax Assets Long-Term	2.12M	1.93M	2.13M	1.93M	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	32.6K	84.62K	121K	121K	121K
Total Assets	14.58M	16M	37.85M	36.21M	34.75M
Liabilities
Accounts Payable, Total	185K	501K	3.43M	2.22M	1.41M
Accrued Expenses, Total	698K	752K	1.61M	1.73M	2.89M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	97.98K	2.47M	4.09M	1.22M	7.56M
Current Portion of Leases	11.85K	8.56K	594K	712K	736K
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	805K	218K	1.77M	2.33M	3.79M
Other Current Liabilities	857K	774K	1.83M	800K	1.37M
Total Current Liabilities	2.65M	4.72M	13.31M	9.02M	17.75M
Long-Term Debt	2.45M	1.3M	3.11M	4.75M	-
Long-Term Leases	10.61K	37.11K	5.85M	5.14M	4.41M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	305K	2.7M	4.78M
Total Liabilities	5.11M	6.06M	22.59M	21.61M	26.94M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	2.94K	2.95K	3.43K	861	878
Additional Paid In Capital	8.79M	8.94M	14.64M	14.95M	15.2M
Retained Earnings	652K	972K	623K	-356K	-7.4M
Comprehensive Income and Other	21.69K	21.84K	-	-	-
Total Common Equity	9.47M	9.94M	15.26M	14.59M	7.8M
Total Equity	9.47M	9.94M	15.26M	14.59M	7.8M
Total Liabilities And Equity	14.58M	16M	37.85M	36.21M	34.75M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.34M	7.37M	8.58M	8.61M	9.62M
ECS Total Common Shares Outstanding	7.34M	7.37M	8.58M	8.61M	8.78M
Book Value / Share	1.29	1.35	1.78	1.69	0.89
Tangible Book Value	9.47M	9.94M	15.26M	14.59M	7.8M
Tangible Book Value Per Share	1.29	1.35	1.78	1.69	0.89
Total Debt	2.57M	3.82M	13.66M	11.82M	12.7M
Net Debt	1.64M	1.69M	12.6M	11.27M	12.54M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	-	504K	875K	1.69M	1.83M
Inventories - Work In Process, Total	-	768K	1.36M	720K	1.42M
Land - (BS)	110K	110K	110K	110K	110K
Buildings, Total	3.25M	3.25M	3.29M	3.29M	3.29M
Machinery, Total	10.28M	10.7M	20.86M	23.02M	25.59M
Full Time Employees	94	93	159	155	162
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-
Order Backlog	16.8M	18.6M	47.3M	44M	50M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-342K	321K	-350K	-979K	-7.04M
Depreciation & Amortization - CF	718K	704K	1.46M	2.22M	2.43M
Depreciation & Amortization, Total	718K	704K	1.46M	2.22M	2.43M
Amortization of Deferred Charges, Total - (CF)	59.5K	51.4K	48.25K	59.92K	107K
(Gain) Loss From Sale Of Asset	-	-1.42K	-	-468	-39.13K
Stock-Based Compensation (CF)	90.92K	180K	191K	253K	285K
Provision and Write-off of Bad Debts	228K	-121K	-223K	-237K	190K
Other Operating Activities, Total	422K	181K	-1.46M	188K	3.05M
Change In Accounts Receivable	-93.65K	-646K	170K	75.19K	386K
Change In Inventories	22.7K	-53.54K	-42.49K	-178K	-837K
Change In Accounts Payable	-424K	316K	246K	-1.2M	-816K
Change in Unearned Revenues	64.1K	-587K	1.39M	568K	1.45M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-68.44K	292K	-1.17M	2.37M	2.14M
Cash from Operations	677K	636K	258K	3.14M	1.3M
Capital Expenditure	-39.83K	-618K	-939K	-2.33M	-3.23M
Sale of Property, Plant, and Equipment	-	9.58K	-	7K	-
Cash Acquisitions	-	-	-7.8M	-	-
Other Investing Activities, Total	-	-	-	-	61.94K
Cash from Investing	-39.83K	-608K	-8.73M	-2.32M	-3.17M
Short Term Debt Issued, Total	-	1M	-	-	-
Long-Term Debt Issued, Total	-	1.32M	8.61M	10.89M	7.16M
Total Debt Issued	-	2.32M	8.61M	10.89M	7.16M
Short Term Debt Repaid, Total	-	-1M	-	-	-
Long-Term Debt Repaid, Total	-1.71M	-120K	-4.23M	-12.16M	-5.64M
Total Debt Repaid	-1.71M	-1.12M	-4.23M	-12.16M	-5.64M
Issuance of Common Stock	9.05K	-	3.52M	-	-
Repurchase of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-41.63K	-24.61K	-505K	-57.72K	-50.36K
Cash from Financing	-1.74M	1.17M	7.4M	-1.34M	1.47M
Foreign Exchange Rate Adjustments	339	-113	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-1	-	-
Net Change in Cash	-1.11M	1.2M	-1.08M	-518K	-396K
Supplemental Items
Cash Interest Paid	232K	135K	237K	288K	414K
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	1.13M	-191K	-1.03M	-1.27M	1.04M
Unlevered Free Cash Flow	1.25M	-116K	-905K	-1.11M	1.26M
Change In Net Working Capital	-262K	772K	842K	567K	-1.7M
Net Debt Issued / Repaid	-1.71M	1.2M	4.38M	-1.28M	1.52M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.44	2.55	-2.88	-1.87	-2.93
Return on Total Capital	1.7	3.02	-3.64	-2.5	-4.44
Return On Equity %	-3.56	3.3	-2.78	-6.56	-62.88
Return on Common Equity	-3.56	3.3	-2.78	-6.56	-62.88
Margin Analysis
Gross Profit Margin %	19.61	22.21	15.15	15.6	13.04
SG&A Margin	17.4	18.22	20.73	19.12	18.31
EBITDA Margin %	6.67	8.49	-0.65	1.51	0.3
EBITA Margin %	2.21	4	-5.57	-3.52	-5.27
EBIT Margin %	2.21	4	-5.57	-3.52	-5.27
Income From Continuing Operations Margin %	-2.13	2.06	-1.57	-3.11	-22.29
Net Income Margin %	-2.13	2.06	-1.57	-3.11	-22.29
Net Avail. For Common Margin %	-2.13	2.06	-1.57	-3.11	-22.29
Normalized Net Income Margin	0.25	1.71	-4.23	-2.84	-4.32
Levered Free Cash Flow Margin	7.04	-1.22	-4.6	-4.05	3.3
Unlevered Free Cash Flow Margin	7.82	-0.74	-4.06	-3.54	3.99
Asset Turnover
Asset Turnover	1.05	1.02	0.83	0.85	0.89
Fixed Assets Turnover	3.54	3.78	1.89	1.61	1.61
Receivables Turnover (Average Receivables)	2.94	2.68	2.55	2.78	2.85
Inventory Turnover (Average Inventory)	10.47	9.75	10.79	11.42	9.7
Short Term Liquidity
Current Ratio	3.11	2.1	1.21	1.62	0.84
Quick Ratio	2.43	1.75	1.01	1.31	0.62
Operating Cash Flow to Current Liabilities	0.25	0.13	0.02	0.35	0.07
Days Sales Outstanding (Average Receivables)	124.57	136.16	143.33	131.48	128.5
Days Outstanding Inventory (Average Inventory)	34.95	37.44	33.84	31.97	37.72
Average Days Payable Outstanding	11.31	10.27	36.08	38.62	23.48
Cash Conversion Cycle (Average Days)	148.21	163.32	141.09	124.83	142.73
Long Term Solvency
Total Debt/Equity	27.1	38.39	89.46	81.01	162.79
Total Debt / Total Capital	21.32	27.74	47.22	44.76	61.95
LT Debt/Equity	25.94	13.5	58.76	67.79	56.49
Long-Term Debt / Total Capital	20.41	9.75	31.01	37.45	21.5
Total Liabilities / Total Assets	35.05	37.88	59.68	59.69	77.54
EBIT / Interest Expense	1.19	3.08	-4.61	-3.11	-3.2
EBITDA / Interest Expense	3.62	6.56	0.49	1.33	0.18
(EBITDA - Capex) / Interest Expense	3.48	3.51	-3	-5.21	-6.01
Total Debt / EBITDA	2.4	2.88	104.28	24.97	132.21
Net Debt / EBITDA	1.53	1.27	96.25	23.79	130.57
Total Debt / (EBITDA - Capex)	2.49	5.38	-16.9	-6.38	-4.05
Net Debt / (EBITDA - Capex)	1.59	2.38	-15.6	-6.08	-4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-4.16	-2.57	42.88	41.06	0.51
Gross Profit, 1 Yr. Growth %	-31.52	10.36	-2.53	45.23	-16.02
EBITDA, 1 Yr. Growth %	-58.71	23.87	-107.91	-428.16	-79.71
EBITA, 1 Yr. Growth %	-80.75	76.2	-210.53	-10.98	50.67
EBIT, 1 Yr. Growth %	-80.75	76.2	-210.53	-10.98	50.67
Earnings From Cont. Operations, 1 Yr. Growth %	-131.03	-193.87	-209.11	179.85	619.32
Net Income, 1 Yr. Growth %	-131.03	-193.87	-209.11	179.85	619.32
Normalized Net Income, 1 Yr. Growth %	-95.68	560.83	-262.92	-5.36	52.99
Diluted EPS Before Extra, 1 Yr. Growth %	-130.63	-185.66	-208.04	163.54	611.21
Accounts Receivable, 1 Yr. Growth %	1.73	11.75	84.99	-0.66	-3.42
Inventory, 1 Yr. Growth %	-1.83	4.4	75.8	7.96	34.7
Net Property, Plant and Equip., 1 Yr. Growth %	-13.94	-2.86	380.82	0.2	1.03
Total Assets, 1 Yr. Growth %	-9.14	9.76	136.52	-4.35	-4.04
Tangible Book Value, 1 Yr. Growth %	-2.49	4.99	53.53	-4.39	-46.53
Common Equity, 1 Yr. Growth %	-2.49	4.99	53.53	-4.39	-46.53
Cash From Operations, 1 Yr. Growth %	27.38	-6.05	-59.45	1.12K	-58.42
Capital Expenditures, 1 Yr. Growth %	-91.08	1.45K	52.06	147.63	38.92
Levered Free Cash Flow, 1 Yr. Growth %	-289.56	-116.94	-942.87	26.88	-185.49
Unlevered Free Cash Flow, 1 Yr. Growth %	-392.74	-109.25	-560.24	25.76	-219.37
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-7.55	-3.37	17.98	41.97	19.07
Gross Profit, 2 Yr. CAGR %	-11.15	-13.07	3.71	18.97	10.44
EBITDA, 2 Yr. CAGR %	-20.05	-28.48	-63.25	-49.04	-18.4
EBITA, 2 Yr. CAGR %	-39.53	-41.77	87.35	-0.81	15.81
EBIT, 2 Yr. CAGR %	-39.53	-41.77	87.35	-0.81	15.81
Earnings From Cont. Operations, 2 Yr. CAGR %	13.34	-46.03	1.2	74.74	348.67
Net Income, 2 Yr. CAGR %	13.34	-46.03	1.2	74.74	348.67
Normalized Net Income, 2 Yr. CAGR %	-66.05	-46.6	383.92	24.18	20.33
Diluted EPS Before Extra, 2 Yr. CAGR %	8.05	-48.78	-3.8	68.74	332.94
Accounts Receivable, 2 Yr. CAGR %	74.97	6.62	43.78	35.56	-2.05
Inventory, 2 Yr. CAGR %	-23.64	1.24	35.47	37.77	20.59
Net Property, Plant and Equip., 2 Yr. CAGR %	-10.33	-8.57	116.12	119.49	0.61
Total Assets, 2 Yr. CAGR %	1.05	-0.14	61.12	50.41	-4.19
Tangible Book Value, 2 Yr. CAGR %	8.71	1.18	26.96	21.16	-28.5
Common Equity, 2 Yr. CAGR %	8.71	1.18	26.96	21.16	-28.5
Cash From Operations, 2 Yr. CAGR %	-26.6	9.4	-38.28	122.15	124.96
Capital Expenditures, 2 Yr. CAGR %	-79.99	17.58	385.54	94.05	85.47
Levered Free Cash Flow, 2 Yr. CAGR %	429.09	-43.33	-4.57	223.64	1.82
Unlevered Free Cash Flow, 2 Yr. CAGR %	134.16	-47.97	-14.95	137.76	19.38
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-4.8	-5.92	10.08	25.22	26.53
Gross Profit, 3 Yr. CAGR %	-19.85	-4.49	-9.69	16.03	5.93
EBITDA, 3 Yr. CAGR %	-24.15	-7.49	-61.8	-23.76	-62.51
EBITA, 3 Yr. CAGR %	-41.42	-13.63	-12.26	46.19	14.03
EBIT, 3 Yr. CAGR %	-41.42	-13.63	-12.26	46.19	14.03
Earnings From Cont. Operations, 3 Yr. CAGR %	-59.34	6.44	-31.76	42.05	180.05
Net Income, 3 Yr. CAGR %	-59.34	6.44	-31.76	42.05	180.05
Normalized Net Income, 3 Yr. CAGR %	-61.45	-8.67	0.35	180.9	33.12
Diluted EPS Before Extra, 3 Yr. CAGR %	-59.82	0	-34.31	34.61	172.57
Accounts Receivable, 3 Yr. CAGR %	43.21	50.68	28.12	27.11	21.07
Inventory, 3 Yr. CAGR %	104.78	-15.25	21.68	25.6	36.74
Net Property, Plant and Equip., 3 Yr. CAGR %	-5.22	-7.91	59	67.27	69.47
Total Assets, 3 Yr. CAGR %	-1.98	3.88	33.12	35.42	29.49
Tangible Book Value, 3 Yr. CAGR %	5.91	7.46	16.27	15.51	-7.76
Common Equity, 3 Yr. CAGR %	5.91	7.46	16.27	15.51	-7.76
Cash From Operations, 3 Yr. CAGR %	-26.86	-20.3	-21.42	66.75	27.08
Capital Expenditures, 3 Yr. CAGR %	-63.02	-14.69	28.1	287.93	73.59
Levered Free Cash Flow, 3 Yr. CAGR %	21.03	68.02	19.96	4.21	104.56
Unlevered Free Cash Flow, 3 Yr. CAGR %	55.34	-20.26	28.41	-3.87	85.72
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.57	-1.54	3.73	10.91	13.59
Gross Profit, 5 Yr. CAGR %	6.35	-8.81	-11.14	4.28	-2.12
EBITDA, 5 Yr. CAGR %	-5.07	-14.26	-43.24	-22.3	-48.25
EBITA, 5 Yr. CAGR %	-30.78	-21.63	-6.73	2.7	-1.95
EBIT, 5 Yr. CAGR %	-30.78	-21.63	-6.73	2.7	-1.95
Earnings From Cont. Operations, 5 Yr. CAGR %	-37.51	-25.08	-41.44	29.78	44.95
Net Income, 5 Yr. CAGR %	-37.51	-25.08	-41.44	29.78	44.95
Normalized Net Income, 5 Yr. CAGR %	-55.63	-20.71	6.06	20.64	7.91
Diluted EPS Before Extra, 5 Yr. CAGR %	-39.99	-27.52	-43.03	23.28	39.66
Accounts Receivable, 5 Yr. CAGR %	46.07	24.87	43.44	44.44	15.07
Inventory, 5 Yr. CAGR %	55.29	58.12	73.59	2.93	21.24
Net Property, Plant and Equip., 5 Yr. CAGR %	-5.7	-3.34	31.8	30.35	32.4
Total Assets, 5 Yr. CAGR %	5.18	5.78	19.58	20.45	16.71
Tangible Book Value, 5 Yr. CAGR %	109.31	41.9	13.88	12.74	-4.28
Common Equity, 5 Yr. CAGR %	109.31	41.9	13.88	12.74	-4.28
Cash From Operations, 5 Yr. CAGR %	-2.71	-9.51	-31.66	20.09	19.69
Capital Expenditures, 5 Yr. CAGR %	-5.94	22.74	3.57	18.51	48.54
Levered Free Cash Flow, 5 Yr. CAGR %	19.19	-32.52	10.06	99.6	11.88
Unlevered Free Cash Flow, 5 Yr. CAGR %	1.8	-40.81	22.08	37.26	24.13