Techprecision Corporation (TPCS) financial statements (2020 and earlier)

Company profile

Business Address 1 BELLA DRIVE
WESTMINSTER, MA 01473
State of Incorp. DE
Fiscal Year End March 31
SIC 344 - Fabricated Structural Metal Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9682,0372,6893,0661,3321,3361,087
Cash and cash equivalents1,9682,0372,6893,0661,3321,3361,087
Receivables7531,0101,7951,8712,0228262,280
Inventory, net of allowances, customer advances and progress billings1,5121,240    
Inventory1,5121,240     
Prepaid expense     260426
Contract with customer, asset3,8014,391
Deposits current assets     85 
Income taxes receivable8
Other current assets794498451422531538461
Other undisclosed current assets  2,0882,2392,5242,6256,116
Total current assets:8,8299,1767,0237,5986,4105,67110,379
Noncurrent Assets
Property, plant and equipment4,3484,8615,2024,9124,8145,6106,489
Deferred costs     45105
Deferred income tax assets2,119
Other noncurrent assets446710022445105
Deferred tax assets, net2,0042,0463,393684  
Other undisclosed noncurrent assets     (45)(105)
Total noncurrent assets:6,5116,8717,2568,4055,7225,6566,595
TOTAL ASSETS:15,34016,04714,27916,00312,13211,32616,974
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4521,3631,1341,2592,8104,2427,102
Accounts payable4716093463659961,5262,888
Accrued liabilities9817537888931,8041,6663,893
Employee-related liabilities     614320
Taxes payable    9  
Interest and dividends payable     437 
Deferred revenue829
Debt1,1688227667179533,1844,170
Provision for loss on contracts     5343,259
Deferred revenue and credits   1,2121,462
Contract with customer, liability741
Other undisclosed current liabilities  1816432,137(1,446)(3,580)
Total current liabilities:3,4482,9262,0812,6195,9007,72512,413
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,4823,4114,1854,8753,7832,48638
Other undisclosed long-term debt and lease obligation2,4823,4114,1854,8753,7832,48638
Liabilities, other than long-term debt   539721827991
Accounts payable and accrued liabilities   1837  
Deferred tax liabilities, net  521684827991
Other undisclosed noncurrent liabilities      (42)
Total noncurrent liabilities:2,4823,4114,1855,4144,5043,313987
Total liabilities:5,9306,3366,2668,03310,40411,03813,400
Stockholders' equity
Stockholders' equity attributable to parent9,4109,7118,0127,9701,7282883,531
Preferred stock     524644
Common stock3333322
Additional paid in capital8,7828,6938,5628,2597,0956,4886,105
Accumulated other comprehensive income (loss)222224192224(55)
Retained earnings (accumulated deficit)603993(577)(311)(5,391)(6,749)(3,165)
Other undisclosed stockholders' equity      42
Total stockholders' equity:9,4109,7118,0127,9701,7282883,574
TOTAL LIABILITIES AND EQUITY:15,34016,04714,27916,00312,13211,32616,974

Income statement (P&L) ($ in thousands)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues15,78816,70318,73018,55116,85418,23321,068
Revenue, net18,73018,55116,85418,23321,068
Cost of revenue
(Cost of Goods and Services Sold)
(12,485)(12,118)(14,754)(12,455)(11,360)(15,926)(21,800)
Gross profit:3,3034,5843,9766,0965,4942,307(732)
Operating expenses(2,778)(2,747)(3,009)(4,337)(3,385)(4,615)(6,114)
Other undisclosed operating income   1,122 811
Operating income (loss):5251,8389672,8812,109(2,226)(6,845)
Nonoperating expense(246)(314)(409)(636)(751)(1,519)(436)
Other nonoperating income (expense)5341481(5)1
Interest and debt expense(299)(355)(413)(644)(752)(1,514)(441)
Other undisclosed income from continuing operations before equity method investments, income taxes2993554136447521,514441
Income (loss) from continuing operations before income taxes:2791,5245592,2461,358(3,745)(7,281)
Income tax expense (benefit)(131)(423)(824)2,8341161185
Net income (loss) available to common stockholders, diluted:1481,101(266)5,0801,358(3,584)(7,095)

Comprehensive Income ($ in thousands)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):1481,101(266)5,0801,358(3,584)(7,095)
Comprehensive income (loss):1481,101(266)5,0801,358(3,584)(7,095)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(2)5(2)(2)79166
Comprehensive income (loss), net of tax, attributable to parent:1471,098(261)5,0781,356(3,506)(6,929)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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