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)
| 12/31/2019 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 investments | 1,968 | 2,037 | 2,689 | 3,066 | 1,332 | 1,336 | 1,087 | ||
| Cash and cash equivalents | 1,968 | 2,037 | 2,689 | 3,066 | 1,332 | 1,336 | 1,087 | ||
| Receivables | 753 | 1,010 | 1,795 | 1,871 | 2,022 | 826 | 2,280 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,512 | 1,240 | ✕ | ||||||
| Inventory | 1,512 | 1,240 | |||||||
| Prepaid expense | 260 | 426 | |||||||
| Contract with customer, asset | 3,801 | 4,391 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Deposits current assets | 85 | ||||||||
| Income taxes receivable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 8 | ||
| Other current assets | 794 | 498 | 451 | 422 | 531 | 538 | 461 | ||
| Other undisclosed current assets | 2,088 | 2,239 | 2,524 | 2,625 | 6,116 | ||||
| Total current assets: | 8,829 | 9,176 | 7,023 | 7,598 | 6,410 | 5,671 | 10,379 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 4,348 | 4,861 | 5,202 | 4,912 | 4,814 | 5,610 | 6,489 | ||
| Deferred costs | 45 | 105 | |||||||
| Deferred income tax assets | 2,119 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 44 | 6 | 7 | 100 | 224 | 45 | 105 | ||
| Deferred tax assets, net | ✕ | 2,004 | 2,046 | 3,393 | 684 | ||||
| Other undisclosed noncurrent assets | (45) | (105) | |||||||
| Total noncurrent assets: | 6,511 | 6,871 | 7,256 | 8,405 | 5,722 | 5,656 | 6,595 | ||
| TOTAL ASSETS: | 15,340 | 16,047 | 14,279 | 16,003 | 12,132 | 11,326 | 16,974 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,452 | 1,363 | 1,134 | 1,259 | 2,810 | 4,242 | 7,102 | ||
| Accounts payable | 471 | 609 | 346 | 365 | 996 | 1,526 | 2,888 | ||
| Accrued liabilities | 981 | 753 | 788 | 893 | 1,804 | 1,666 | 3,893 | ||
| Employee-related liabilities | 614 | 320 | |||||||
| Taxes payable | 9 | ||||||||
| Interest and dividends payable | 437 | ||||||||
| Deferred revenue | 829 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 1,168 | 822 | 766 | 717 | 953 | 3,184 | 4,170 | ||
| Provision for loss on contracts | 534 | 3,259 | |||||||
| Deferred revenue and credits | ✕ | ✕ | 1,212 | 1,462 | |||||
| Contract with customer, liability | ✕ | 741 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 181 | 643 | 2,137 | (1,446) | (3,580) | ||||
| Total current liabilities: | 3,448 | 2,926 | 2,081 | 2,619 | 5,900 | 7,725 | 12,413 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 2,482 | 3,411 | 4,185 | 4,875 | 3,783 | 2,486 | 38 | ||
| Other undisclosed long-term debt and lease obligation | 2,482 | 3,411 | 4,185 | 4,875 | 3,783 | 2,486 | 38 | ||
| Liabilities, other than long-term debt | 539 | 721 | 827 | 991 | |||||
| Accounts payable and accrued liabilities | 18 | 37 | |||||||
| Deferred tax liabilities, net | ✕ | 521 | 684 | 827 | 991 | ||||
| Other undisclosed noncurrent liabilities | (42) | ||||||||
| Total noncurrent liabilities: | 2,482 | 3,411 | 4,185 | 5,414 | 4,504 | 3,313 | 987 | ||
| Total liabilities: | 5,930 | 6,336 | 6,266 | 8,033 | 10,404 | 11,038 | 13,400 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 9,410 | 9,711 | 8,012 | 7,970 | 1,728 | 288 | 3,531 | ||
| Preferred stock | 524 | 644 | |||||||
| Common stock | 3 | 3 | 3 | 3 | 3 | 2 | 2 | ||
| Additional paid in capital | 8,782 | 8,693 | 8,562 | 8,259 | 7,095 | 6,488 | 6,105 | ||
| Accumulated other comprehensive income (loss) | 22 | 22 | 24 | 19 | 22 | 24 | (55) | ||
| Retained earnings (accumulated deficit) | 603 | 993 | (577) | (311) | (5,391) | (6,749) | (3,165) | ||
| Other undisclosed stockholders' equity | 42 | ||||||||
| Total stockholders' equity: | 9,410 | 9,711 | 8,012 | 7,970 | 1,728 | 288 | 3,574 | ||
| TOTAL LIABILITIES AND EQUITY: | 15,340 | 16,047 | 14,279 | 16,003 | 12,132 | 11,326 | 16,974 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 15,788 | 16,703 | 18,730 | 18,551 | 16,854 | 18,233 | 21,068 | |
| Revenue, net | ✕ | ✕ | 18,730 | 18,551 | 16,854 | 18,233 | 21,068 | |
| 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: | 3,303 | 4,584 | 3,976 | 6,096 | 5,494 | 2,307 | (732) | |
| Operating expenses | (2,778) | (2,747) | (3,009) | (4,337) | (3,385) | (4,615) | (6,114) | |
| Other undisclosed operating income | 1,122 | 81 | 1 | |||||
| Operating income (loss): | 525 | 1,838 | 967 | 2,881 | 2,109 | (2,226) | (6,845) | |
| Nonoperating expense | (246) | (314) | (409) | (636) | (751) | (1,519) | (436) | |
| Other nonoperating income (expense) | 53 | 41 | 4 | 8 | 1 | (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 taxes | 299 | 355 | 413 | 644 | 752 | 1,514 | 441 | |
| Income (loss) from continuing operations before income taxes: | 279 | 1,524 | 559 | 2,246 | 1,358 | (3,745) | (7,281) | |
| Income tax expense (benefit) | (131) | (423) | (824) | 2,834 | 1 | 161 | 185 | |
| Net income (loss) available to common stockholders, diluted: | 148 | 1,101 | (266) | 5,080 | 1,358 | (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): | 148 | 1,101 | (266) | 5,080 | 1,358 | (3,584) | (7,095) | |
| Comprehensive income (loss): | 148 | 1,101 | (266) | 5,080 | 1,358 | (3,584) | (7,095) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (0) | (2) | 5 | (2) | (2) | 79 | 166 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 147 | 1,098 | (261) | 5,078 | 1,356 | (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.