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Techprecision Corporation  (TPCS)
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Techprecision's

Competitiveness


 

TPCS Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Techprecision reported Total Revenue increase in the 2 quarter 2022 by 107.38 % year on year.
The sales growth was above Techprecision's competitors average revenue growth of 23.13 %, recorded in the same quarter.

List of TPCS Competitors





Revenue Growth Comparisons




Net Income Comparison


Techprecision Corporation recorded net loss , despite income increase by most of its competitors of 63.22 %

<<  More on TPCS Income Comparisons


Techprecision's Comment on Competitors and Industry Peers


We face competition from both domestic and foreign manufacturers in the manufacture of metal fabricated and machined precision components and equipment. The industry in which we compete is fragmented with no one dominant player. We compete against companies that are both larger and smaller in size and capacity. Some competitors may be better known, have greater resources at their disposal, and have lower production costs. For certain products, being a domestic manufacturer may play a role in determining whether we are awarded a certain contract. For other products, we may be competing against foreign manufacturers who have a lower cost of production. If a contracting party has a relationship with a vendor and is required to place a contract for bids, the preferred vendor may provide or assist in the development of the specification for the product which may be tailored to that vendor’s products. In such event, we would be at a disadvantage in seeking to obtain that contract. We believe that customers focus on such factors as the quality of work, the reputation of the vendor, the perception of the vendor’s ability to meet the required schedule, and price in selecting a vendor for their products.



  

Overall company Market Share Q2 2022

Due to outstanding performance in Overall company, revenue grew by 107.38 % Techprecision Corporation improved its market share, to approximate 1.17 %.




<<  More on TPCS Market Share.
 
*Market share is calculated based on total revenue.


TPCS's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Techprecision Corporation TPCS 58.67 26.00 -2.00 102
Park Ohio Industries Inc PKOH 0 1,575.40 -16.40 600
Richardson Electronics Ltd. RELL 313 238.47 21.62 373
Sanmina Corporation SANM 4,253 6,700.94 278.53 43,854
Sigmatron International Inc. SGMA 33 398.70 2.44 2,993
SUBTOTAL 4,657.37 8,939.46 283.96 47,922
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