Welcome to our dedicated page for Techprecision news (Ticker: TPCS), a resource for investors and traders seeking the latest updates and insights on Techprecision stock.
TechPrecision Corporation (TPCS) delivers mission-critical precision manufacturing solutions for defense, aerospace, and specialized industrial sectors through its Ranor and Stadco subsidiaries. This news hub provides investors and industry professionals with timely updates on the company's operational milestones, financial performance, and strategic developments.
Access consolidated coverage of earnings reports, government contract awards, and manufacturing innovations that demonstrate TPCS's capabilities in large-scale metal fabrication and complex assembly projects. Our curated news selection emphasizes material developments impacting the company's position in regulated industries requiring ITAR compliance and AS9100-certified processes.
Key updates include announcements about defense sector partnerships, advanced machining technologies, and nuclear industry certifications. Bookmark this page for efficient tracking of TPCS's progress in delivering turnkey solutions for hypersonic systems, military aircraft components, and other high-precision applications.
TechPrecision Corporation (OTCQB:TPCS), a manufacturer of precision, large-scale metal components, announced a 1-for-4 reverse stock split effective February 24, 2023. This decision was approved by stockholders on September 14, 2022, allowing the Board to determine the final ratio. Post-split, outstanding shares will decrease from approximately 34.4 million to 8.6 million. The aim of the reverse split is to facilitate the potential listing on the Nasdaq Capital Market. The company's ticker will temporarily change to TPCSD for 20 business days before reverting to TPCS. A reduction in authorized shares from 90 million to 50 million is also being enacted.
TechPrecision Corporation (OTCQB:TPCS) reported a robust financial performance for Q3 FY2023, with consolidated net sales of $8.3 million, a 28% increase compared to the previous year. The Ranor segment led this growth with net sales of $4.7 million and gross profit of $1.7 million. The overall gross profit rose to $1.5 million, while operating income improved to $0.3 million from a loss of $1.1 million in Q3 FY2022. TechPrecision's strong backlog stood at $43.9 million as of December 31, 2022. The company is also pursuing a NASDAQ uplist, pending approval on its applications.
FAQ
What is the current stock price of Techprecision (TPCS)?
What is the market cap of Techprecision (TPCS)?
