Financial Data and Key Metrics Changes - Preliminary net sales for Q2 FY2022 were $4.8 million, a slight increase from $4.7 million in the same quarter last year [9] - Gross profit margin decreased to 19.4% from 23.9% year-over-year, primarily due to higher labor and overhead costs [9] - The company recorded a net loss of $220,000 in Q2 FY2022 compared to a net income of $271,000 in the same quarter last year [11] - Total debt increased to $7.2 million, up $3.4 million from March 31, 2021 [14] - Cash balance decreased to $281,000 from $2.1 million at March 31, 2021 [15] Business Line Data and Key Metrics Changes - The sales order backlog totaled $26.4 million as of September 30, 2021, including STADCO backlog [7] - The company booked over $13 million in new orders since the end of Q2 [8] Market Data and Key Metrics Changes - The company is focusing on the defense and aerospace industries, with STADCO being a key supplier for major OEMs and prime contractors [17] - STADCO has a long history of supplying critical parts for various military and commercial aircraft programs, including the Sikorsky CH-53 helicopter [19] Company Strategy and Development Direction - The company is in the process of integrating STADCO and expects continued revenue growth from this acquisition [8] - Management emphasized the importance of focusing on existing customers and opportunities rather than diversifying into new segments at this time [82] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business prospects post-acquisition and highlighted the strong order backlog as a positive indicator [8][17] - The company is closely monitoring regulatory changes related to COVID-19 vaccination mandates and their potential impact on staffing and production [60][62] Other Important Information - The results presented are preliminary and subject to revision until the company files its Quarterly Report on Form 10-Q [24] Q&A Session Summary Question: Clarification on backlog composition - Management stated they will not break down the backlog between Ranor and STADCO at this time [27] Question: Refinancing of long-term debt - Management confirmed that the current portion of long-term debt has not been refinanced since September 30, and they are looking to refinance [32][34] Question: Impact of Israeli government approval on CH-53K orders - Management did not have access to specific timing information regarding the Israeli government's approval for additional CH-53K helicopters [38] Question: Production ramp-up at Sikorsky - Management indicated that production at Sikorsky is expected to increase to as many as 24 CH-53K helicopters per year [40] Question: Concerns about STADCO's operational issues - Management acknowledged the acquisition is a turnaround and emphasized careful management of the integration process [53] Question: Vaccination mandates and staffing - Management is encouraging vaccination among employees and monitoring regulatory changes closely [60][62] Question: Future growth opportunities outside current programs - Management believes there are significant opportunities with existing customers and will consider new customers opportunistically [82]

Financial Data and Key Metrics Changes - Gross profit increased by 20% to $833,000 compared to the same quarter one year ago, with gross margin improving to 24.4% [5][9] - Net sales were $3.4 million, a 4% increase from the same quarter a year ago [5][6] - Net income for the first quarter was $1.4 million, including a $1.3 million gain from the forgiveness of the PPP loan, compared to a net loss of $116,000 in the prior year [11] - Operating income increased to $100,000 from an operating loss of $96,000 in the same quarter a year ago [10] Business Line Data and Key Metrics Changes - Revenue in the precision industrial markets increased, offsetting slightly lower defense revenue [6] - The defense backlog remains strong, with four key defense customers accounting for about 80% of the $17.6 million net backlog [7] Market Data and Key Metrics Changes - The company generated $137,000 of cash from operating activities compared to a cash outflow of $369,000 in the prior year quarter [12] - Total debt was $2.5 million, down $1.3 million from March 31, 2021, due to the PPP loan forgiveness [13] Company Strategy and Development Direction - The company is focused on serving the United States defense industry, particularly in naval submarine manufacturing through its Ranor subsidiary, with meaningful opportunities expected in the nuclear submarine business [14] - The acquisition of STADCO is anticipated to close during the week of August 15, 2021, although no assurances can be given regarding the timing [16] Management's Comments on Operating Environment and Future Outlook - Management noted that the COVID pandemic has impacted the United States Navy Virginia class submarine shipbuilding, causing delays that have affected the supply chain [15] - The shipbuilders are getting back on track, which is expected to increase opportunities for the Ranor subsidiary [15] Other Important Information - The company expects to spend approximately $1.1 million to purchase new fixed assets during fiscal 2022 [12] Q&A Session Summary Question: Comments on COVID and bottlenecks - A participant expressed appreciation for the clarity regarding COVID-related bottlenecks and looks forward to updates on the acquisition deal [22] Response: Acknowledgment - Management thanked the participant for their comments [23]

[PART I. FINANCIAL INFORMATION](index=4&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)](index=4&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS%20(UNAUDITED)) The company's quarterly net income turned positive to $1.37 million, driven by PPP loan forgiveness [Condensed Consolidated Balance Sheets](index=4&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) Total assets were $15.5 million and total liabilities decreased to $4.1 million due to PPP loan forgiveness Condensed Consolidated Balance Sheet Highlights (unaudited) | Balance Sheet Item | June 30, 2021 | March 31, 2021 | | :--- | :--- | :--- | | **Total Current Assets** | $9,615,560 | $9,921,771 | | **Total Assets** | **$15,490,720** | **$16,004,019** | | **Total Current Liabilities** | $4,114,786 | $4,720,233 | | **Total Liabilities** | **$4,144,238** | **$6,062,171** | | **Total Stockholders' Equity** | **$11,346,482** | **$9,941,848** | [Condensed Consolidated Statements of Operations](index=5&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS%20AND%20COMPREHENSIVE%20INCOME%20(LOSS)) Quarterly net income reached $1.37 million, reversing a prior-year loss, due to PPP loan forgiveness Statement of Operations Summary (unaudited) | Metric | Three months ended June 30, 2021 | Three months ended June 30, 2020 | | :--- | :--- | :--- | | Net Sales | $3,412,229 | $3,282,525 | | Gross Profit | $832,668 | $697,014 | | Income (Loss) from Operations | $100,060 | $(96,348) | | PPP Loan Forgiveness | $1,317,100 | $0 | | **Net Income (Loss)** | **$1,371,092** | **$(116,234)** | | **Diluted EPS** | **$0.04** | **$(0.01)** | [Condensed Consolidated Statements of Stockholders' Equity](index=6&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20STOCKHOLDERS'%20EQUITY) Stockholders' equity increased by $1.4 million to $11.35 million, driven by quarterly net income - Stockholders' equity grew from **$9.94 million to $11.35 million**, mainly due to the quarterly net income of **$1.37 million**[13](index=13&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) Cash from operations turned positive to $0.14 million, improving from a net use in the prior year Cash Flow Summary (unaudited) | Cash Flow Activity | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | | :--- | :--- | :--- | | Net cash from operating activities | $137,048 | $(369,243) | | Net cash used in investing activities | $(4,198) | $(41,768) | | Net cash (used in) provided by financing activities | $(27,166) | $1,282,200 | | **Net increase in cash** | **$105,664** | **$871,183** | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=NOTES%20TO%20CONDENSED%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) Notes detail operations, significant customer concentration, PPP loan forgiveness, and a subsequent acquisition amendment - The company operates in a single segment: metal fabrication and precision machining, serving markets like defense, aerospace, nuclear, and medical[18](index=18&type=chunk) Net Sales by Market (Three months ended June 30) | Market | 2021 | 2020 | | :--- | :--- | :--- | | Defense | $3,103,132 | $3,203,590 | | Industrial | $309,097 | $78,935 | | **Total** | **$3,412,229** | **$3,282,525** | - The company has significant customer concentration, with one customer accounting for **38% of net sales** and another for **28%** during the quarter[27](index=27&type=chunk) - On May 12, 2021, the SBA forgave the company's entire Paycheck Protection Program (PPP) loan, including **$1,317,100 in principal** and $13,207 in interest[61](index=61&type=chunk) - Subsequent to the quarter's end, the company amended its stock purchase agreement to acquire STADCO, extending the potential closing date and revising the stock consideration[68](index=68&type=chunk)[69](index=69&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=23&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses improved results from PPP loan forgiveness and addresses liquidity and upcoming debt refinancing [Results of Operations](index=27&type=section&id=Results%20of%20Operations) Net sales grew 4% and gross margin improved to 24.4%, leading to positive operating income Quarterly Results Comparison (in thousands) | Metric | Q1 FY2022 | Q1 FY2021 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net sales | $3,412 | $3,283 | $129 | 4% | | Gross profit | $833 | $697 | $136 | 20% | | Operating income (loss) | $100 | $(96) | $196 | 204% | | Net income (loss) | $1,371 | $(116) | $1,487 | nm | - The company's backlog of remaining performance obligations was **$17.6 million** at June 30, 2021, a decrease from $18.6 million at March 31, 2021[95](index=95&type=chunk) - Selling, general and administrative (SG&A) expenses **decreased by $60,754** due to lower compensation, benefit costs, and reduced spending on outside advisory services[98](index=98&type=chunk) [Liquidity and Capital Resources](index=33&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity improved with $5.5 million in working capital, though a $2.4 million loan payment is due Key Liquidity Measures (in thousands) | Measure | June 30, 2021 | March 31, 2021 | | :--- | :--- | :--- | | Cash and cash equivalents | $2,236 | $2,131 | | Working capital | $5,501 | $5,202 | | Total debt | $2,485 | $3,829 | - The company intends to refinance a term loan with a balloon payment of **$2.4 million due on December 20, 2021**[106](index=106&type=chunk) - The company expects its financing needs to increase following the potential acquisition of Stadco and anticipates seeking new debt and/or equity financing[104](index=104&type=chunk) [Quantitative and Qualitative Disclosure About Market Risk](index=37&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosure%20About%20Market%20Risk) The company has opted to omit market risk disclosures as a smaller reporting company - The company has opted not to provide market risk disclosures, as permitted for a smaller reporting company[121](index=121&type=chunk) [Controls and Procedures](index=37&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were **effective** at a reasonable assurance level as of June 30, 2021[123](index=123&type=chunk) - **No changes** in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[128](index=128&type=chunk) [PART II. OTHER INFORMATION](index=40&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Exhibits](index=40&type=section&id=Item%206.%20Exhibits) This section lists filed exhibits, including an acquisition amendment and executive certifications - A key exhibit filed is the Third Amendment to the Stock Purchase Agreement for the acquisition of STADCO, dated July 20, 2021[130](index=130&type=chunk) - Certifications from the Chief Executive Officer and Chief Financial Officer pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 are included as exhibits[130](index=130&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2021 ¨ 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 | ...

Financial Data and Key Metrics Changes - Gross profit increased by $391,000, with gross margin improving to 19.8% from 8.6% compared to the same period one year ago [4] - Net sales were $3.6 million compared to $3.7 million in the same quarter a year ago, with a net loss of $48,000 compared to a net loss of $320,000 in the same quarter a year ago [6][8] - For the nine months ended December 31, 2020, revenue increased to $11.6 million, a 4% increase compared to the same period a year ago, with net income of $106,000 compared to a net loss of $390,000 for the same period in 2019 [9][10] Business Line Data and Key Metrics Changes - Sales to the precision industrial sector increased by $217,000, while defense sector sales decreased by $315,000 compared to the same quarter a year ago [6] - The company booked $7.2 million of new orders in the third quarter, increasing the sales order backlog to $18.4 million as of December 31, 2020 [5] Market Data and Key Metrics Changes - The company continues to see meaningful opportunities in the defense sector, particularly in the nuclear submarine business for the next 12 months and beyond [12] Company Strategy and Development Direction - The company is focused on improving revenues and margins, expecting to carry these improvements into the last quarter of fiscal year 2021 and beyond [5] - The management is continuing due diligence and negotiations regarding the proposed acquisition of STADCO, but will not comment on the transaction [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges in communicating the business's progress and backlog, emphasizing that they continue to win orders and see meaningful opportunities [22] - The CEO stated that the nuclear submarine manufacturing presents a long-term opportunity, indicating a 30-year demand for submarines [37] Other Important Information - The company generated approximately $400,000 of cash from operating activities during the third quarter, with a cash balance of $1.3 million as of December 31, 2020 [11] - Total debt stands at $3.8 million, with net debt at $2.6 million compared to $1.7 million at March 31, 2020 [11][12] Q&A Session Summary Question: Concerns about backlog and revenue consistency - The CEO acknowledged the frustration regarding the backlog and revenue, stating that they continue to book new orders and expect the backlog to convert into revenue over a period of more than 1 year and less than 3 years [23][24] Question: Potential dilution of shares - The CFO confirmed that there is a possibility of issuing additional shares related to creditor agreements, but did not provide specific details [33] Question: Future order trends - The CEO indicated that while the business is lumpy, there is a meaningful opportunity in the nuclear submarine sector, but could not forecast specific trends [36][37] Question: Competitive positioning - The CEO stated that the company is not losing business and has not been disadvantaged in its competitive position over the past two years [43] Question: Need for better communication with shareholders - A shareholder expressed the need for improved communication regarding the STADCO deal and overall company performance, emphasizing the importance of transparency [45]

PART I. FINANCIAL INFORMATION [Financial Statements (Unaudited)](index=4&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS%20%28UNAUDITED%29) Unaudited condensed consolidated financial statements for TechPrecision Corporation for the three and nine months ended December 31, 2020, detail financial position and performance [Condensed Consolidated Balance Sheets](index=4&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) Total assets increased, driven by contract assets and cash, while liabilities rose due to increased long-term debt, slightly increasing stockholders' equity Condensed Consolidated Balance Sheet Highlights (in thousands) | Balance Sheet Item | Dec 31, 2020 | Mar 31, 2020 | | :--- | :--- | :--- | | **Total Current Assets** | $9,384 | $8,250 | | **Total Assets** | $15,625 | $14,580 | | **Total Current Liabilities** | $5,213 | $2,654 | | **Total Liabilities** | $5,931 | $5,111 | | **Total Stockholders' Equity** | $9,694 | $9,469 | [Condensed Consolidated Statements of Operations](index=5&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS%20AND%20COMPREHENSIVE%20%28LOSS%29%20INCOME) Net loss significantly improved for Q3 2020, and the company achieved net income for the nine months, reversing prior-year losses due to higher gross profit Key Operational Results (in thousands) | Metric | Q3 2020 | Q3 2019 | Nine Months 2020 | Nine Months 2019 | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $3,570 | $3,667 | $11,566 | $11,076 | | **Gross Profit** | $705 | $314 | $2,531 | $1,837 | | **(Loss) Income from Operations** | $(11) | $(348) | $326 | $(308) | | **Net (Loss) Income** | $(48) | $(320) | $106 | $(390) | | **Net (Loss) Income per Share (Basic)** | $(0.00) | $(0.01) | $0.00 | $(0.01) | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) Operating activities used cash, investing activities funded equipment, while financing activities, primarily a PPP loan, led to a net cash increase Cash Flow Summary for Nine Months Ended Dec 31 (in thousands) | Cash Flow Activity | 2020 | 2019 | | :--- | :--- | :--- | | **Net Cash (Used in) Provided by Operating Activities** | $(340) | $609 | | **Net Cash Used in Investing Activities** | $(547) | $(35) | | **Net Cash Provided by (Used in) Financing Activities** | $1,211 | $(643) | | **Net Increase (Decrease) in Cash** | $324 | $(68) | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=NOTES%20TO%20CONDENSED%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) Notes detail accounting policies, revenue recognition, debt, and subsequent events, including revenue disaggregation, debt facilities, and the Stadco acquisition - The company manufactures large-scale metal fabricated and machined precision components for defense, aerospace, nuclear, medical, and precision industrial markets, with all operations and customers located in the United States[18](index=18&type=chunk) - The company's operations were designated an essential service, allowing it to maintain operations during the first nine months of fiscal 2021 despite the COVID-19 pandemic[23](index=23&type=chunk) Net Sales by Market (Nine Months Ended Dec 31) | Market | 2020 | 2019 | | :--- | :--- | :--- | | Defense | $9,314,846 | $9,725,635 | | Industrial | $2,251,330 | $1,349,985 | | **Total** | **$11,566,176** | **$11,075,620** | - As of December 31, 2020, the company had **$18.4 million** of remaining performance obligations (backlog), which it expects to recognize as revenue over the next thirty-six months[27](index=27&type=chunk) - On October 16, 2020, the company entered into a stock purchase agreement to acquire Stadco, a manufacturer of high-precision parts for aerospace and defense, for 1,000,000 shares of common stock and a reduction of Stadco's liabilities[62](index=62&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=19&type=section&id=ITEM%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management analyzes financial performance for the three and nine months ended December 31, 2020, covering key drivers for sales, gross margin, net income, liquidity, capital resources, debt, and the Stadco acquisition [Results of Operations - Three Months Ended December 31, 2020 and 2019](index=22&type=section&id=Results%20of%20Operations%20-%20Three%20Months%20Ended%20December%2031%2C%202020%20and%202019) Q3 FY21 net sales decreased, but gross margin dramatically improved due to the absence of contract loss provisions, leading to a substantially reduced net loss Q3 Financial Performance Comparison (in thousands) | Metric | Q3 2020 | Q3 2019 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $3,569 | $3,667 | $(98) | (3)% | | **Gross Profit** | $705 | $314 | $391 | 124% | | **Loss from Operations** | $(11) | $(349) | $338 | 97% | | **Net Loss** | $(48) | $(320) | $272 | 85% | - The significant improvement in gross profit and margin was primarily due to the absence of major contract loss provisions in Q3 2020, which had negatively impacted the same period in the prior fiscal year[87](index=87&type=chunk)[88](index=88&type=chunk) [Results of Operations - Nine Months Ended December 31, 2020 and 2019](index=24&type=section&id=Results%20of%20Operations%20-%20Nine%20Months%20Ended%20December%2031%2C%202020%20and%202019) Net sales for the nine months increased, driven by commercial markets, while gross margin expanded due to a better product mix and absence of prior-year losses, resulting in a swing to net income Nine-Month Financial Performance Comparison (in thousands) | Metric | Nine Months 2020 | Nine Months 2019 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $11,566 | $11,075 | $491 | 4% | | **Gross Profit** | $2,531 | $1,837 | $694 | 38% | | **Income (Loss) from Operations** | $325 | $(308) | $633 | 206% | | **Net Income (Loss)** | $106 | $(390) | $496 | 127% | - Sales to commercial markets, particularly in nuclear energy and medical, increased by **$0.9 million**, driving the overall revenue growth for the nine-month period[96](index=96&type=chunk) [Liquidity and Capital Resources](index=26&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity is strong with cash and working capital, bolstered by a PPP loan and unused revolving credit, deemed sufficient for 12 months, though new financing may be sought for the Stadco acquisition Key Liquidity Measures (in thousands) | Measure | Dec 31, 2020 | Mar 31, 2020 | | :--- | :--- | :--- | | Cash and cash equivalents | $1,255 | $931 | | Working capital | $4,170 | $5,595 | | Total debt | $3,823 | $2,587 | - In May 2020, the company's subsidiary Ranor received a **$1,317,100** unsecured loan under the Paycheck Protection Program (PPP), which may be partially or fully forgiven[106](index=106&type=chunk)[45](index=45&type=chunk) - The company's revolving line of credit with Berkshire Bank was increased to **$3.0 million** and its maturity was extended to December 20, 2022, with **$3.0 million** unused capacity at December 31, 2020[111](index=111&type=chunk)[114](index=114&type=chunk) [Quantitative and Qualitative Disclosure About Market Risk](index=29&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURE%20ABOUT%20MARKET%20RISK) TechPrecision Corporation, as a smaller reporting company, has elected not to provide the required market risk disclosures - The company has opted out of providing market risk disclosures, as permitted for a smaller reporting company[125](index=125&type=chunk) [Controls and Procedures](index=29&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded the company's disclosure controls and procedures were effective as of December 31, 2020, with no material changes to internal control over financial reporting during the quarter - Based on an evaluation as of the end of the period, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective[127](index=127&type=chunk) - There were no changes in the company's internal control over financial reporting during the quarter ended December 31, 2020, that have materially affected, or are reasonably likely to materially affect, internal controls[131](index=131&type=chunk) PART II. OTHER INFORMATION [Risk Factors](index=31&type=section&id=Item%201A.Risk%20Factors) This section outlines significant risks associated with the pending Stadco acquisition, including completion uncertainty, integration challenges, operational disruption, and potential stockholder dilution without expected benefits - The completion of the Stadco acquisition is subject to closing conditions, including arrangements with Stadco's lenders, and there is no assurance these conditions will be met[132](index=132&type=chunk) - The company may face difficulties integrating Stadco's operations, corporate culture, and systems, which could prevent the realization of anticipated synergies and benefits[133](index=133&type=chunk) - The announcement and pendency of the acquisition could disrupt business by causing uncertainty for employees, customers, and suppliers, and by diverting management's attention[134](index=134&type=chunk) - Stockholders face the risk of substantial ownership dilution from the shares issued for the acquisition, which may not be matched by a commensurate benefit if the combined company fails to achieve its strategic and financial goals[136](index=136&type=chunk) [Exhibits](index=34&type=section&id=ITEM%206.%20EXHIBITS) This section lists exhibits filed with the Form 10-Q, including the Stock Purchase Agreement for the Stadco acquisition, corporate governance documents, loan modifications, and CEO/CFO certifications - Key exhibits filed include the Stock Purchase Agreement for the Stadco acquisition and the Fourth Modification to the Loan Agreement with Berkshire Bank[139](index=139&type=chunk)

Financial Data and Key Metrics Changes - The company reported a 53% increase in net sales for Q2 2021, reaching $4.7 million compared to $3.1 million in the same quarter a year ago [6][9] - Gross profit for Q2 2021 was $1.1 million, an increase of $700,000 from the previous year, with gross margin improving to 23.9% [10] - Net income for Q2 2021 was $271,000, or $0.01 per share, compared to a net income of $155,000 for the six months ended September 30, 2020 [11][12] Business Line Data and Key Metrics Changes - Sales in the defense sector increased by $363,000, while sales to the precision industrial sector rose by $1.3 million compared to the same quarter last year [9] - For the six months ended September 30, 2020, revenue increased by 8% to $8 million, driven by an increase in sales to the precision industrial sector [11] Market Data and Key Metrics Changes - The sales order backlog was reported at $14.8 million as of September 30, 2020, with over $5.1 million in new orders booked during Q2 2021 [7] - The company continues to see significant opportunities in the defense sector, particularly from prime defense contractors [7] Company Strategy and Development Direction - The company is focused on serving the U.S. defense industry, specifically in naval submarine manufacturing, with meaningful opportunities anticipated in the nuclear submarine business [14] - The U.S. Navy awarded a $9.47 billion contract modification related to the Columbia Class, indicating strong future demand in the defense sector [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about carrying improvements in revenues and margins into the remainder of fiscal year 2021 [6] - There are uncertainties regarding the order flow due to COVID-19, but management hopes for a resolution as the situation improves [24][25] Other Important Information - The company reported cash on hand of $1.1 million and total debt of $3.9 million as of September 30, 2020, with net debt increasing to $2.8 million [13] - Management refrained from discussing ongoing due diligence and negotiations regarding a proposed acquisition [16] Q&A Session Summary Question: Has the company added any backlog since the end of the quarter? - Yes, it has been added [20][21] Question: Is the backlog meaningful? - Yes, it is meaningful [21] Question: Can you provide an idea of how meaningful the backlog is? - Management stated they are not allowed to discuss that [22] Question: Do you believe the order flow has finally broken the logjam, particularly for the Columbia Class? - Management indicated uncertainty but expressed hope for improvement as COVID-19 impacts lessen [23][25] Question: Will there be a call to discuss the acquisition when able? - Management reiterated they cannot discuss the acquisition at this time [27]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 ¨ 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) | ...

TechPrecision Corporation (NASDAQ:TPCS) Q1 2021 Earnings Conference Call August 13, 2020 4:30 PM ET Company Participants Brett Maas - IR, Hayden IR Alex Shen - CEO Tom Sammons - CFO Conference Call Participants Aaron Warwick - ES Capital Mark Gomes - Pipeline Ross Taylor - ARS Investment Mark Gomes - Pipeline Data Operator Good day, ladies and gentlemen, welcome to your TechPrecision First Quarter 2021 Earnings Call and Webcast. All lines have been placed in a listen-only mode and the floor will be open for ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 ¨ 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) | Dela ...