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Techprecision Corporation  (TPCS)
Other Ticker:  
 
 
Price: $3.5300 $-0.12 -3.288%
Day's High: $3.8 Week Perf: -15.95 %
Day's Low: $ 3.51 30 Day Perf: 0.57 %
Volume (M): 9 52 Wk High: $ 8.33
Volume (M$): $ 33 52 Wk Avg: $6.42
Open: $3.65 52 Wk Low: $2.85



 Market Capitalization (Millions $) 31
 Shares Outstanding (Millions) 9
 Employees 102
 Revenues (TTM) (Millions $) 33
 Net Income (TTM) (Millions $) -1
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 4

Techprecision Corporation

We are a manufacturer of precision, large-scale fabricated and machined metal components and systems. We offer a full range of services required to transform raw materials into precision finished products. We sell these finished products to customers in three main industry groups: defense, energy and precision industrial. The finished products are used in a variety of markets including: defense, aerospace, nuclear, medical and precision industrial. Our mission is to be the leading end-to-end service provider to our markets by furnishing custom, fully integrated solutions for complete products that require custom fabrication, precision machining, assembly, integration, inspection, non-destructive evaluation and testing.


We are a Delaware corporation, organized in 2005 under the name Lounsberry Holdings II, Inc. On February 24, 2006, we acquired all of the issued and outstanding capital stock of our wholly-owned subsidiary Ranor, Inc., or Ranor. Ranor, together with its predecessors, has been in continuous operation since 1956. Since February 24, 2006, our primary business has been the business of Ranor. On March 6, 2006, following the acquisition of Ranor, we changed our corporate name to TechPrecision Corporation. Our acquisition of Ranor was accounted for as a reverse acquisition.

Wuxi Critical Mechanical Components Co., Ltd., or WCMC, a limited company organized under the laws of the People’s Republic of China, or China, located in Wuxi City, Jiangsu Province, China, is our other wholly-owned subsidiary.

Our manufacturing operations within the United States are situated on approximately 65 acres in North Central Massachusetts. Our 145,000 square foot facility houses state-of-the-art equipment which gives us the capability to manufacture products as large as 100 tons. We offer a full range of services required to transform raw material into precision finished products. Our manufacturing capabilities include: fabrication operations (cutting, press and roll forming, assembly, welding, heat treating, blasting and painting) and machining operations including CNC (computer numerical controlled) horizontal and vertical milling centers. We also provide support services to our manufacturing capabilities: manufacturing engineering (planning, fixture and tooling development, and manufacturing), quality control (inspection and testing), materials procurement, production control (scheduling, project management and expediting), and final assembly.

All U.S. based manufacturing is done in accordance with our written quality assurance program, which meets specific national codes, and international codes, standards, and specifications. Ranor holds several certificates of authorization issued by the American Society of Mechanical Engineers and the National Board of Boiler and Pressure Vessel Inspectors. The standards used are specific to the customer’s needs, and we have implemented such standards into our manufacturing operations.

Our operations in China are conducted through WCMC. Since 2011, WCMC, through its subcontractors, has historically provided large-scale precision component fabrication and machining solutions. At March 31, 2017, we did not have any open customer orders for WCMC in our backlog. We are evaluating how we will utilize the WCMC entity moving forward.

 



   Company Address: 1 Bella Drive Westminster 1473 MA
   Company Phone Number: 874-0591   Stock Exchange / Ticker: NASDAQ TPCS
   


Customers Net Income grew by TPCS's Customers Net Profit Margin grew to

20.68 %

3.92 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CRAWA        7.19% 
INTT   -2.43%    
KTCC        2.49% 
RELL   -0.24%    
SANM   -9.99%    
SGMA        6.87% 
• View Complete Report
   



Techprecision Corporation

Techprecision Corporation Faces Revenue Decline in Fiscal Q2 - Impact on Future Prospects



Techprecision Corporation, a company listed on NASDAQ, has witnessed a decline in its shares over the past five trading days, bringing its year-to-date performance to an impressive 256.41%. However, recent financial results indicate concerning developments that may impact the company's future prospects. This article aims to outline these facts and ponder how they will influence Techprecision Corporation moving forward.
Financial Results and Implications:
1. Losses and Earnings: For the July to September 30, 2023 financial interval, Techprecision Corporation reported losses of $-0.06 per share, compared to earnings of $0.04 per share a year prior. This demonstrates a significant setback in profitability. Additionally, the company also reported losses of $-0.06 per share compared to the preceding reporting season. These losses raise questions about Techprecision Corporation's ability to generate sustainable earnings.

Techprecision Corporation

Techprecision Corporation's Financial Results Unveiled: Reveals Revenue Growth Amidst Fierce Competition



Techprecision Corporation, a player in the Miscellaneous Fabricated Products sector, recently released its financial results for the second quarter of the fiscal year 2024. While revenue showed a modest increase, the company's performance compared to its competitors revealed a slight underperformance. This article sheds light on Techprecision Corporation's financials, highlighting notable facts and providing an overview of the company's position in the market.
Revenue and Net Loss:
In the period between April and June 30, 2023, Techprecision Corporation saw a net loss per share of $-0.06, a significant increase from the previous year's figure of $-0.01. However, the company managed to achieve a revenue growth of 4.167%, reaching $7.37 million, compared to the corresponding reporting season one year prior.






 

Techprecision's Segments
 
 
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