TPCS

EX-99.1

2 tm2618463d1_ex99-1.htm

EXHIBIT 99.1

Exhibit 99.1

Company Contact: Investor Relations Contact:

Phillip Podgorski Hayden IR

Chief Financial Officer Brett Maas

TechPrecision Corporation Phone: 646-536-7331

Phone: 978-874-0591 Email: brett@haydenir.com

Email: podgorskip@Ranor.com Website: www.haydenir.com

Website: www.TechPrecision.com

FOR IMMEDIATE RELEASE

TechPrecision Corporation Reports Fiscal Year 2026 Fourth Quarter and Year End Financial Results

The Company achieves gross margin expansion of 300 bps for the fiscal 2026 full year period.

FY 2027 guidance – Revenue growth +10% to $35.0M-$37.0M, EBITDA growth +80% to $3.0M-$4.0M

Westminster, MA – June 22, 2026– TechPrecision Corporation (NASDAQ: TPCS) (“TechPrecision” or “the Company”), a custom manufacturer of precision, large-scale fabrication components and precision, large-scale machined metal structural components, today reported financial results for the fourth quarter and fiscal year ended March 31, 2026. The components that we manufacture are customer designed and sold to customers in the defense and precision industrial markets. We have two wholly owned subsidiaries that are each reportable segments, Ranor and Stadco.

Management will host a conference call on Monday, June 22, 2026, at 4.30 p.m. ET, to discuss our financial results for the fiscal year ended March 31, 2026.

“For the fiscal year 2026, consolidated gross profit increased by 15% and our consolidated gross margin expanded by 300 basis points as the Company implemented a strategic project mix change at Stadco, resulting in reduced revenue with higher margin drop-through.,” stated Alexander Shen, TechPrecision’s Chief Executive Officer.

“Our Ranor segment executed on a favorable project mix with improved gross margin and gross profit for fiscal 2026,” stated Mr. Shen. “Stadco cost of revenue dropped by more than $1.0 million year-over-year with a strategic drive to improve customer and project mix.

“As a result of strategically improved customer and project mix at both business segments, our net loss improved by more than $1.0 million year-over-year with equal EBITDA improvement,” stated Alexander Shen, TechPrecision’s Chief Executive Officer.

“Customer confidence remains high with our funded backlog reaching $52.1 million as of March 31, 2026, with approximately $25 million of additional unfunded purchase orders,” Mr. Shen continued. “We expect to deliver this backlog over the next one to three fiscal years with expectations for gross margin improvement throughout the period.”

“For Fiscal 2027, the Company is projecting double-digit revenue growth and resulting EBITDA as we continue to execute on the strategic customer and project mix plan. 2027 Full year consolidated revenue is projected to be between $35.0 million - $37.0 million with EBITDA of $3.0 million - $4.0 million,” stated Alexander Shen, TechPrecision’s Chief Executive Officer.

The following summary compares the three and twelve months ended March 31, 2026 to the same prior year period:

Consolidated Financial Results - Fiscal 2026

Three Months Ended March 31, 2026

· Revenue was $8.1 million, a 15% decrease on a changing project mix at both segments.

· Cost of revenue was $7.0 million, or a 6% decrease in lower manufacturing costs.

· Gross profit was $1.1 million, a decrease of 47% primarily on lower revenue at Stadco.

· SG&A decreased by 24% primarily on a decrease in professional fees and services.

· Operating loss was $0.2 million, due primarily to the lower margin drop-through.

· Interest expense decreased 25%, due to lower amortized debt issue costs and lower interest incurred on loans.

· Net loss was $0.4 million, compared with net income of $0.1 million in the same period a year ago.

Consolidated Financial Results - Fiscal 2026

Twelve Months Ended March 31, 2026

· Revenue was $31.6 million, a 7% decrease on a favorable but different mix of customer projects.

· Cost of revenue was $26.7 million, or a 10% decrease on lower revenue but improving manufacturing process.

· Gross profit was $5.0 million, an increase of 15% driven by improved operating performance.

· SG&A decreased by 7% as a decrease in professional fees more than offset an increase in compensation.

· Operating loss narrowed to $1.1 million, primarily on improved margin drop-through.

· Interest expense decreased by 10%, due to lower amortization and interest cost incurred on loans.

· Net loss was $1.6 million, a decrease of 41% when compared with the same period a year ago.

Financial Position

On March 31, 2026 and March 31, 2025, the Company had approximately $0.4 million and $0.2 million in cash, respectively. Working capital was negative $0.4 million on March 31, 2026 and debt totaled $6.9 million. Working capital was negative $1.6 million and total debt was $7.4 million on March 31, 2025. Negative working capital reflects required classification of all debt obligations as current due to debt covenant violations.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington,

DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934

Date of Report (Date of earliest event reported): February 17, 2026

TECHPRECISION

CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware

001-41698

51-0539828

(State or Other Jurisdiction

of Incorporation or Organization)

(Commission File Number)

(IRS Employer Identification No.)

1 Bella Drive

Westminster,

MA 01473

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (978) 874-0591

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each

exchange on which registered

Common Stock, par value $0.0001 per share

TPCS

Nasdaq Capital Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On February 17, 2026, TechPrecision Corporation issued a press release announcing its financial results for the three months ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number

Description

99.1

Press Release dated February 17, 2026

104

Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TECHPRECISION CORPORATION

Date: February 17, 2026 By: /s/ Phillip E. Podgorski

Name: Phillip E. Podgorski

Title: Chief Financial Officer

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iso4217:USD

xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington,

DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934

Date of Report (Date of earliest event reported): November 13, 2025

TECHPRECISION

CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware

001-41698

51-0539828

(State or Other Jurisdiction

of Incorporation or Organization)

(Commission File Number)

(IRS Employer Identification No.)

1 Bella Drive

Westminster,

MA 01473

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (978) 874-0591

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each

exchange on which registered

Common Stock, par value $0.0001 per share

TPCS

Nasdaq Capital Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On November 13, 2025, TechPrecision Corporation issued a press release announcing its financial results for the three months ended September 30, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in this Item 2.02 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number

Description

99.1

Press Release dated November 13, 2025

104

Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TECHPRECISION CORPORATION

Date: November 13, 2025 By: /s/ Phillip E. Podgorski

Name: Phillip E. Podgorski

Title: Chief Financial Officer