Techprecision Corporation (TPCS) financial statements (2021 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)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2559312,0372,6893,0661,3321,336
Cash and cash equivalents1,2559312,0372,6893,0661,3321,336
Receivables1,1739901,0101,7951,8712,022826
Inventory, net of allowances, customer advances and progress billings 1,2181,240    
Inventory 1,2181,240    
Prepaid expense      260
Contract with customer, asset5,3154,5054,391
Deposits current assets      85
Other current assets442606498451422531538
Other undisclosed current assets1,198  2,0882,2392,5242,625
Total current assets:9,3848,2509,1767,0237,5986,4105,671
Noncurrent Assets
Property, plant and equipment4,2084,1834,8615,2024,9124,8145,610
Deferred costs      45
Deferred income tax assets2,0172,115
Other noncurrent assets16336710022445
Deferred tax assets, net2,0042,0463,393684 
Other undisclosed noncurrent assets      (45)
Total noncurrent assets:6,2416,3316,8717,2568,4055,7225,656
TOTAL ASSETS:15,62514,58016,04714,27916,00312,13211,326
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8171,7401,3631,1341,2592,8104,242
Accounts payable5101856093463659961,526
Accrued liabilities1,3061,5557537888931,8041,666
Employee-related liabilities      614
Taxes payable     9 
Interest and dividends payable      437
Deferred revenue308805
Debt3,0891108227667179533,184
Provision for loss on contracts      534
Deferred revenue and credits   1,212
Contract with customer, liability741
Other undisclosed current liabilities   1816432,137(1,446)
Total current liabilities:5,2132,6542,9262,0812,6195,9007,725
Noncurrent Liabilities
Long-term debt and lease obligation, including:7182,4573,4114,1854,8753,7832,486
Other undisclosed long-term debt and lease obligation7182,4573,4114,1854,8753,7832,486
Liabilities, other than long-term debt    539721827
Accounts payable and accrued liabilities    1837 
Deferred tax liabilities, net  521684827
Total noncurrent liabilities:7182,4573,4114,1855,4144,5043,313
Total liabilities:5,9315,1116,3366,2668,03310,40411,038
Stockholders' equity
Stockholders' equity attributable to parent9,6949,4699,7118,0127,9701,728288
Preferred stock      524
Common stock3333332
Additional paid in capital8,9118,7938,6938,5628,2597,0956,488
Accumulated other comprehensive income22222224192224
Retained earnings (accumulated deficit)758652993(577)(311)(5,391)(6,749)
Total stockholders' equity:9,6949,4699,7118,0127,9701,728288
TOTAL LIABILITIES AND EQUITY:15,62514,58016,04714,27916,00312,13211,326

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues15,58316,00716,70318,73018,55116,85418,233
Revenue, net18,73018,55116,85418,233
Cost of revenue
(Cost of Goods and Services Sold)
(13,031)(12,868)(12,118)(14,754)(12,455)(11,360)(15,926)
Gross profit:2,5523,1394,5843,9766,0965,4942,307
Operating expenses(2,878)(2,785)(2,747)(3,009)(4,337)(3,385)(4,615)
Other undisclosed operating income (loss)(495)(495)  1,122 81
Operating income (loss):(821)(141)1,8389672,8812,109(2,226)
Nonoperating expense(167)(273)(314)(409)(636)(751)(1,519)
Interest and debt expense(182)(296)(355)(413)(644)(752)(1,514)
Other undisclosed income from continuing operations before equity method investments, income taxes1822963554136447521,514
Income (loss) from continuing operations before income taxes:(988)(415)1,5245592,2461,358(3,745)
Income tax expense (benefit)19073(423)(824)2,8341161
Net income (loss) available to common stockholders, diluted:(798)(342)1,101(266)5,0801,358(3,584)

Comprehensive Income ($ in thousands)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income (loss):(798)(342)1,101(266)5,0801,358(3,584)
Comprehensive income (loss):(798)(342)1,101(266)5,0801,358(3,584)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(0)(2)5(2)(2)79
Comprehensive income (loss), net of tax, attributable to parent:(796)(342)1,098(261)5,0781,356(3,506)

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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