TechPrecision ( (TPCS) ) has released a notification of late filing.
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TechPrecision Corporation has announced a delay in filing its Form 10-K (Yearly Report) for the fiscal year ending March 31, 2025. The delay is primarily due to challenges in compiling the necessary information for its Stadco operating segment, which has impacted the completion of its consolidated financial statements and related disclosures. The company expects to file the report within 15 days from the original due date. Preliminary financial results indicate an increase in net sales to approximately $34.0 million and a gross profit of $4.3 million, with a notable reduction in selling, general, and administrative expenses. These results are subject to change upon final audit completion. TechPrecision is actively working on compliance, as indicated by the signature of Phillip Podgorski, the Chief Financial Officer.
Spark’s Take on TPCS Stock
According to Spark, TipRanks’ AI Analyst, TPCS is a Neutral.
TechPrecision’s overall score reflects significant financial and operational challenges, with high leverage and profitability issues. While there is revenue growth and some strategic changes like a new CFO, ongoing struggles with cash flow and compliance concerns weigh heavily on the stock’s outlook. Technical indicators show mixed trends, and valuation metrics indicate investor caution due to net losses.
To see Spark’s full report on TPCS stock, click here.
More about TechPrecision
Average Trading Volume: 45,036
Technical Sentiment Signal: Sell
Current Market Cap: $33.06M
For detailed information about TPCS stock, go to TipRanks’ Stock Analysis page.