We are a manufacturer of precision, large-scale fabricated and machined metal structural 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 a leading end-to-end service provider to our customers by furnishing custom, fully integrated solutions for complete products that require custom fabrication, precision machining, assembly, integration, inspection, non-destructive evaluation and testing.
Company profile
Ticker
TPCS
Exchange
Website
CEO
Alexander Shen
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LOUNSBERRY HOLDINGS II INC
SEC CIK
Corporate docs
Subsidiaries
Ranor, Inc. • Stadco New Acquisition, LLC • Westminster Credit Holdings, LLC ...
TPCS stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
3 Feb 23
8-K
Entry into a Material Definitive Agreement
30 Dec 22
10-Q
2023 Q2
Quarterly report
17 Nov 22
8-K
TechPrecision Corporation Reports Second Quarter Fiscal 2023 Financial Results
17 Nov 22
NT 10-Q
Notice of late quarterly filing
14 Nov 22
8-K
Entry into a Material Definitive Agreement
19 Sep 22
10-Q
2023 Q1
Quarterly report
14 Sep 22
8-K
TechPrecision Corporation Reports First Quarter Fiscal 2023 Financial Results
22 Aug 22
8-K
Provides Preliminary First Quarter Fiscal 2023 Results
15 Aug 22
NT 10-Q
Notice of late quarterly filing
15 Aug 22
Transcripts
TPCS
Earnings call transcript
2023 Q2
18 Nov 22
TPCS
Earnings call transcript
2023 Q1
22 Aug 22
TPCS
Earnings call transcript
2022 Q4
14 Jul 22
TPCS
Earnings call transcript
2022 Q3
18 Feb 22
TPCS
Earnings call transcript
2022 Q2
8 Dec 21
TPCS
Earnings call transcript
2022 Q1
13 Aug 21
TPCS
Earnings call transcript
2021 Q3
12 Feb 21
TPCS
Earnings call transcript
2021 Q2
12 Nov 20
TPCS
Earnings call transcript
2021 Q1
13 Aug 20
TPCS
Earnings call transcript
2020 Q4
11 Jun 20
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Mar 22 | Mar 21 | Mar 20 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 235.38 k | 235.38 k | 235.38 k | 235.38 k | 235.38 k | 235.38 k |
| Cash burn (monthly) | 112.75 k | 3.83 k | (no burn) | 149.12 k | (no burn) | (no burn) |
| Cash used (since last report) | 476.18 k | 16.16 k | n/a | 629.76 k | n/a | n/a |
| Cash remaining | -240.79 k | 219.22 k | n/a | -394.38 k | n/a | n/a |
| Runway (months of cash) | -2.1 | 57.3 | n/a | -2.6 | n/a | n/a |
Institutional ownership, Q3 2022
1.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 2 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 862.00 k |
| Total shares | 548.75 k |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Potomac Capital Management | 450.00 k | $707.00 k |
| Cacti Asset Management | 98.75 k | $155.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Sep 22 | Levy Andrew A | Common Stock | Grant | Acquire A | No | No | 0 | 25,000 | 0.00 | 1,878,100 |
| 15 Sep 22 | Crisafulli Robert A | Common Stock | Grant | Acquire A | No | No | 0 | 25,000 | 0.00 | 125,000 |
| 15 Sep 22 | Schenker Walter Milton | Common Stock | Grant | Acquire A | No | No | 0 | 25,000 | 0.00 | 173,000 |
| 15 Sep 22 | Richard McGowan | Common Stock | Grant | Acquire A | No | No | 0 | 25,000 | 0.00 | 355,064 |
| 24 Jan 22 | Sammons Thomas | Common Stock | Grant | Acquire A | No | No | 0 | 10,000 | 0.00 | 37,189 |