Techprecision Corp (NAS:TPCS)

Q3 2026 TechPrecision Corp Earnings Call Transcript

Feb 17, 2026 / 09:30 PM GMT

Release Date Price: $4.45 (-1.98%)

Transcript 10-Q8-K

Key Points

Positve

Techprecision Corp (TPCS) secured a new grant of over $3.2 million for its Raynor segment, contributing to a total of over $24 million in funded grant money from US Navy submarine programs.
The Raynor segment reported a year-over-year revenue increase of 1% with strong margin growth across all projects.
Customer confidence remains high, with both Stado and Raynor maintaining on-time delivery of quality components, leading to new coating opportunities in air defense and submarine defense sectors.
The company has a strong $46 million backlog, expected to be delivered over the next 1 to 3 fiscal years with gross margin expansion.
Interest expenses decreased due to lower costs for term loans and borrowing under the revolver, improving financial management.

Negative

Stado's revenue decreased due to delays in receiving customer-furnished materials, unfavorable project mix, higher provisions for projected contract losses, and equipment downtime.
Consolidated revenue for the third quarter decreased by 7% compared to the previous year, with a significant drop in gross profit.
The company reported a net loss of $1.5 million for the third quarter, highlighting ongoing financial challenges.
Stado continues to face headwinds with unfavorable legacy contracts and underpriced one-time contracts, impacting profitability.
Cash balance decreased significantly from $195,000 to $50,000, indicating potential liquidity concerns.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TPCS.OQ - TechPrecision Corp
Q3 2026 TechPrecision Corp Earnings Call
Feb 17, 2026 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Tech Precision Corporation fiscal 20263rd quarter financial results. At this time, all participants are placed on a listen-only mode. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Mr. Brett Mass, managing director of Hayden IR.

Thank you, sir. You may begin.

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Unidentified_2 [2]
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Thank you. On the call today is Alex Shen, Chief Executive Officer, and Phil Podgorsky, Chief Financial Officer. Before we begin, I'd like to remind our listeners that management's

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