TechPrecision Corporation Reports Q4 And FY23 Financial Results; Q4 Net Sales $7.5M Vs $7.6M YoY
Portfolio Pulse from Benzinga Newsdesk
TechPrecision Corporation (NASDAQ: TPCS) reported Q4 net sales of $7.5 million, slightly down from $7.6 million YoY, and FY23 consolidated net sales of $31.4 million, up 41% from FY22. The company's Ranor segment reported strong financial results, while the Stadco subsidiary faced challenges and negative gross profit.
June 15, 2023 | 8:13 pm
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TechPrecision Corporation reported a slight decrease in Q4 net sales and a 41% increase in FY23 net sales. The Ranor segment performed well, while the Stadco subsidiary faced challenges.
TechPrecision Corporation's mixed financial results, with strong performance in the Ranor segment and challenges in the Stadco subsidiary, are likely to have a neutral short-term impact on the stock price. Investors may weigh the positives and negatives before making decisions.
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