TechPrecision Corporation reported its financial results for the first quarter ended June 30, 2025, highlighting a significant increase in its order backlog, which reached $50 million. This growth is attributed to strong customer confidence in the company's specialized manufacturing capabilities.
The company also announced that its gross margin expanded to double-digits, reflecting improved production efficiencies. Preliminary financial results for Q1 FY2026 anticipate revenue of approximately $7.4 million, a slight decrease from $8.0 million in Q1 FY2025.
Despite the slight revenue dip, gross profit is expected to significantly improve to $1.0 million, compared to just $0.2 million in Q1 FY2025. Selling, general, and administrative expenses are projected to decrease slightly to $1.5 million from $1.6 million, indicating enhanced operational efficiency.
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