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TechPrecision Corp. reports $8.0M Q1 revenue but posts $1.3M loss due to acquisition issues.
TechPrecision Corporation saw an 8% rise in revenue for its fiscal 2025 first quarter, reaching $8.0 million, but reported an operating loss of $1.3 million due to issues with the Votaw Precision Manufacturing acquisition termination.
The company has a strong backlog of $41.2 million, expected to be delivered over the next one to three years.
A conference call is scheduled for November 14 to discuss these results.
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TechPrecision Corp. reporta ingresos de $8.0M Q1, pero publica pérdidas de $1.3M debido a problemas de adquisición.