TechPrecision Corporation reported its financial results for the three and nine months ended December 31, 2025, revealing a decline in revenue and an increase in net losses compared to the previous fiscal period. For the third quarter, the company generated revenue of $7.094 million, a decrease of 7% from $7.622 million in the same period last year. The nine-month revenue also fell to $23.559 million from $24.554 million, marking a 4% decline. The gross profit for the third quarter was $381,000, down from $991,000 a year earlier, while the nine-month gross profit increased to $3.869 million from $2.244 million, reflecting a favorable project mix at its Ranor subsidiary.
The company reported a net loss of $1.473 million, or $0.15 per share, for the third quarter, compared to a loss of $799,000, or $0.08 per share, in the prior year. For the nine months, the net loss was $1.245 million, significantly improved from a loss of $2.860 million in the same period last year. The improvement in the nine-month results was attributed to a favorable project mix and reduced costs at Ranor, despite ongoing challenges at its Stadco subsidiary, which reported a negative gross profit for both the quarter and nine-month periods.
Operationally, TechPrecision's customer base remains concentrated, with a small number of clients generating a significant portion of revenue. The company reported a backlog of $22.755 million at Ranor and $23.207 million at Stadco as of December 31, 2025, indicating ongoing demand for its services. However, the company faces liquidity challenges, with total available liquidity of $747,000, down from $1.451 million at the end of the previous fiscal year. The company’s working capital was negative due to the reclassification of long-term debt to current liabilities, raising concerns about its ability to meet obligations.
In terms of strategic developments, TechPrecision entered into a Thirteenth Amendment to its Amended and Restated Loan Agreement on January 12, 2026, extending the maturity date of its Revolver Loan to May 15, 2026. The company is actively exploring options to strengthen its liquidity position, including making Stadco operations profitable and renewing its revolver loan. However, the company acknowledged substantial doubt about its ability to continue as a going concern for at least one year from the date of the financial statements due to recurring operating losses and covenant violations.
Looking ahead, TechPrecision aims to enhance its operational efficiency and reduce costs to improve liquidity. The company is also focused on ensuring compliance with its debt covenants and exploring alternative financing options. The management's outlook remains cautious, given the uncertainties surrounding market conditions and the company's financial health.
About TECHPRECISION CORP
TechPrecision Corporation manufactures large-scale precision metal components and systems primarily for defense and aerospace markets. Through its subsidiaries Ranor and Stadco, it provides custom fabrication, machining, assembly, and testing services in accordance with strict industry standards. Serving major U.S. defense programs and commercial aerospace, the company emphasizes quality, technical expertise, and end-to-end solutions in a highly competitive, regulated environment.
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