Financial Data and Key Metrics Changes - Ranor's revenue for fiscal year 2023 was $19.2 million, up from $14.6 million in fiscal year 2022, representing a 32% improvement year-over-year [4] - Gross profit for Ranor doubled in fiscal year 2023 to $7.0 million from $3.5 million in fiscal year 2022 [4] - Net sales for the 12 months ended March 31, 2023, were $31.4 million compared to $22.3 million in the same period a year ago, an increase of $9.1 million [8] - Operating loss was $1.1 million compared to an operating loss of $1.6 million in the prior year [9] - Cash balance at March 31, 2023, was $531,000 compared to $1.1 million at March 31, 2022 [10] - Working capital was $5.6 million at March 31, 2023, compared to $2.8 million in March 31, 2022 [10] Business Line Data and Key Metrics Changes - Stadco's revenue was 58% higher year-over-year, primarily due to having a full year of Stadco financial results [17] - Gross profit for the fourth quarter was $848,000, 25% lower compared to the same quarter a year ago due to Stadco's production issues [20] - SG&A expenses increased by $1.1 million in fiscal 2023, primarily due to the inclusion of Stadco for the full fiscal reporting period [21] Market Data and Key Metrics Changes - The backlog was $44 million at March 31, 2023, with $17.7 million at Ranor and $26.3 million at Stadco [6] - Ranor's gross margin percentage increased from 24% to 36% in fiscal 2023, while Stadco's performance resulted in only a slight increase in the consolidated gross margin percentage from 15.2% to 15.6% [21] Company Strategy and Development Direction - The company aims to secure and maintain enduring partnerships with customers, focusing on the defense sector, particularly naval submarine and military aircraft manufacturing [12][24] - Management emphasized a sharp focus on tactical execution and risk mitigation to meet customer expectations and retain customer confidence [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in business prospects, noting that customer confidence remains strong, as evidenced by new orders and a solid backlog [6][12] - The company acknowledged production issues at Stadco but indicated that these problems have been resolved and that they are focused on enhancing manufacturing capabilities [17][50] Other Important Information - The company recorded a pre-tax loss of $783,000 for fiscal 2023 compared with a pre-tax loss of $542,000 in fiscal 2022 [42] - Fiscal 2023 included a one-time $637,000 employee retention tax credit refund, while fiscal 2022 included a gain of $1.3 million for loan forgiveness under the Paycheck Protection Program [42] Q&A Session Summary Question: What caused the downtime at Stadco? - Management indicated that the significant downtime was not anticipated and involved multiple machines being down simultaneously, which was characterized as a perfect storm [28][50] Question: What are the implications of the recent reverse split and uplisting on investor relations? - Management noted that they need to reassess their interaction with shareholders and consider increasing outreach activities [48] Question: Can Stadco achieve margins similar to Ranor? - Management expressed uncertainty about the timeline for Stadco to reach Ranor-like margins, acknowledging the challenges but maintaining a belief in the potential for improvement [64][87] Question: Are there opportunities for commercial projects or adjacent acquisitions? - Management confirmed they are open to pursuing opportunities in the precision industrial sector and are actively seeking adjacent acquisitions [160][193]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number: 000-51378 TechPrecision Corporation (Exact name of registrant as specified in its char ...

TechPrecision Corp (NASDAQ:TPCS) Q3 2023 Earnings Conference Call February 14, 2023 4:30 PM ET Company Participants Brett Maas - Hayden IR Alexander Shen - CEO, President & Director Thomas Sammons - CFO Conference Call Participants Ross Taylor - ARS Investment Operator Good day, everyone, and welcome to the TechPrecision Corporation Third Quarter Fiscal 2023 Financial Results. [Operator Instructions]. It is now my pleasure to turn the floor over to your host, Brett Maas. Sir, the floor is yours. Brett Maas ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51378 TechPrecision Corporation (Exact name of registrant as specified in its charter) | Delaware | | 51-0 ...

TechPrecision Corporation (NASDAQ:TPCS) Q2 2023 Earnings Conference Call November 17, 2022 4:30 PM ET Company Participants Brett Maas - Hayden Investor Relations Alexander Shen - Chief Executive Officer Thomas Sammons - Chief Financial Officer Conference Call Participants Ross Taylor - ARS Investment Partners Richard Greulich - REG Capital Advisors Operator Good afternoon, ladies and gentlemen, and welcome to the TechPrecision Corporation Fiscal 2023 Second Quarter Financial Results Conference Call. At this ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51378 TechPrecision Corporation (Exact name of registrant as specified in its charter) | Delaware | | 51-05398 ...

TechPrecision Corporation (NASDAQ:TPCS) Q1 2023 Earnings Conference Call August 22, 2022 4:30 PM ET Company Participants Brett Maas - Hayden Investor Relations Alex Shen - President & Chief Executive Officer Tom Sammons - Chief Financial Officer Conference Call Participants Ross Taylor - ARS Investment Partners Operator Good day, ladies and gentlemen, and welcome to the TechPrecision Corporation Fiscal 2023 First Quarter Financial Results Conference Call. At this time, all participants have been placed on a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 TechPrecision Corporation (Exact name of registrant as specified in its charter) | Delaware | 51-0539828 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 1 Bella Drive | | | Westminster, MA | 01473 | | (Address of principal executive offices) | (Zip Code) | | Registrant's telephone number, including area code | (978) 874-0591 | | Securitie ...

TechPrecision Corporation (NASDAQ:TPCS) Q4 2022 Earnings Conference Call July 13, 2022 2:30 PM ET Company Participants Brett Maas - Hayden Investor Relations Alex Shen - President & Chief Executive Officer Tom Sammons - Chief Financial Officer Conference Call Participants Ross Taylor - ARS Investment Partners Mark Gomes - Pipeline Richard Greulich - REG Capital Advisors Operator Greetings ladies and gentlemen and welcome to the TechPrecision Corporation Fiscal 2022 Fourth Quarter Financial Results Conferenc ...

TechPrecision Corporation (NASDAQ:TPCS) Q3 2022 Earnings Conference Call February 17, 2022 4:30 PM ET Company Participants Alex Shen – Chief Executive Officer Tom Sammons – Chief Financial Officer Brett Maas – Hayden Investor Rlations Conference Call Participants Ross Taylor – ARS Investment Partners Aaron Warwick – Breakout Investors Operator Good afternoon, ladies and gentlemen, and welcome to TechPrecision Corporation Fiscal 2022 Third Quarter Financial Results. At this time, all participants have been p ...