TechPrecision FY27 Q1 net loss narrows to $0.2 million; revenue rises 23% to $9.1 million
Reuters2026/08/13 20:12- TechPrecision posted Q1 FY2027 revenue of $9.1 million, up 23% year over year; net loss narrowed to $0.2 million.
- Operating loss improved 90% to $45,000; gross profit rose 36% to $1.4 million.
- Funded backlog reached $52.7 million as of June 30, 2026, with about $22 million of additional unfunded purchase orders.
- CEO Alexander Shen said results reflected a favorable customer and project mix; Stadco losses narrowed as cost of revenue was virtually unchanged.
- TechPrecision held FY2027 guidance for 10% revenue growth to $35 million-$37 million; EBITDA expected to climb 80% to $3 million-$4 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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