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Techprecision Corporation - $TPCS STOCK NEWS

Welcome to our dedicated page for Techprecision Corporation news (Ticker: $TPCS), a resource for investors and traders seeking the latest updates and insights on Techprecision Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Techprecision Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Techprecision Corporation's position in the market.

News
Techprecision Signs Definitive Agreement to Acquire Votaw Precision Technologies
Rhea-AI Summary
TechPrecision Corporation (NASDAQ:TPCS) announced the acquisition of Votaw Precision Technologies, Inc. The acquisition is expected to more than double the company's revenue and EBITDA, strengthening its strategic capabilities in the defense and aerospace industries. The purchase price is $85M, with TechPrecision paying $70M at closing and obligated to pay up to an additional $25M as an earnout payment over three years based on Votaw's FY2024 EBITDA. The acquisition is anticipated to be completed between December 15, 2023, and March 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.77%
Tags
acquisition
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News
TechPrecision Corporation Reports Second Quarter 2024 Financial Results
Rhea-AI Summary
TechPrecision Corporation (NASDAQ:TPCS) reported a strong backlog of $44.6 million as of September 30, 2023, with customer confidence remaining high. However, second quarter consolidated net sales were $8.0 million, a 6% decrease compared to the same period in fiscal 2023. Ranor reported net sales of $4.5 million, a 9% decrease, while Stadco's net sales were $3.6 million, a 1% increase. The company had a net loss of $528,000. Despite the losses, the CEO expects revenue growth and gross margin expansion in the next one to three fiscal years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
Tags
earnings
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News
TechPrecision Corporation Schedules Conference Call to Report Fiscal 2024 Second Quarter Financial Results
Rhea-AI Summary
TechPrecision Corporation (NASDAQ:TPCS) Announces Q2 2024 Financial Results Release and Conference Call. The company will release financial results for its 2024 fiscal second quarter on November 20, 2023, and hold a conference call at 4:30 p.m. Eastern time. Investors can participate by dialing 1-888-506-0062 (U.S.) or 1-973-528-0011 (International) and referencing TechPrecision with entry code 287096. A replay will be available until December 4, 2023, and the call will also be accessible online.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
conferences earnings
News
TechPrecision Corporation Reports First Quarter 2024 Financial Results
Rhea-AI Summary
TechPrecision reports strong backlog increase and higher net sales for Q1 FY2024. Stadco subsidiary shows revenue growth and improved gross profit. Ranor reports a decrease in net sales. Losses have narrowed year over year. Expectations of delivering strong backlog over the next one to three fiscal years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.9%
Tags
earnings
-
News
TechPrecision Corporation Schedules Conference Call to Report Fiscal 2024 First Quarter Financial Results
Rhea-AI Summary
TechPrecision Corporation (NASDAQ:TPCS) to Release 2024 Fiscal First Quarter Financial Results on August 21, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.2%
Tags
conferences earnings
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News
TechPrecision Corporation Reports Fourth Quarter and Fiscal Year 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.24%
Tags
earnings
News
TechPrecision Corporation Announces CFO Retirement and Appointment of Successor
Rhea-AI Summary
TechPrecision Corporation announced the retirement of their Chief Financial Officer, Thomas Sammons, effective July 14, 2023. Barbara 'Bobbie' M. Lilley, the current Controller of the Company, will succeed Mr. Sammons as the new CFO. Lilley has extensive experience in finance and has integrated well with the management team. TechPrecision's CEO expressed confidence in Lilley's ability to contribute to the company's growth and operational improvements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.52%
Tags
management
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News
TechPrecision Announces Uplisting to The Nasdaq Capital Market
Rhea-AI Summary
TechPrecision Corporation's shares of common stock have been approved for listing on The Nasdaq Capital Market. Trading on the exchange will commence on May 5, 2023. This uplisting marks a significant milestone for the company and is expected to raise its visibility and increase liquidity for investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.45%
Tags
none
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News
TechPrecision Corporation Announces Reverse Stock Split
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
301.52%
Tags
none
News
TechPrecision Corporation Reports Third Quarter Fiscal 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.62%
Tags
earnings
Stock TPCS logo
Techprecision Corporation

Nasdaq:TPCS

TPCS Rankings

#4845 Ranked by Market Cap
#12 Ranked by Stock Gains
N/A Ranked by Dividends

TPCS Stock Data

42.22M
8.07M
11.43%
15.56%
0.01%
Iron and Steel Forging
Manufacturing
Link
United States of America
WESTMINSTER

About TPCS

ranor, inc. is a leader in the fabrication and machining of precision components and equipment. we serve the alternative energy, nuclear, medical, defense, aerospace, and industrial markets. we are proud to offer our customers customized services and integrated “turn key” solutions for complete products requiring fabrication and machining as well as assembly, inspection and testing. ranor is committed to working with its customers to manufacture their products using the most efficient and precise methods possible. we have earned our reputation through outstanding technical expertise, attention to detail, and a total commitment to quality and excellence.