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More on TechPrecision's Q4 results

  • TechPrecision (OTCQB:TPCS) reported Q4 revenues of $4.7M a slight increase of 0.9% Y/Y.
  • Q4 Gross margin improved by 2,296 bps to 31.1%, driven by a higher margin product mix and higher overhead absorption.
  • Q4 Operating margin recovered by 2,607 bps to 17.7%.
  • SG&A expenses decreased by 18% Y/Y to $633.26k; and as percentage of revenue 13.4% down by 311 bps.
  • Net cash provided by operating activities YTD was $531.31k, compared to $1.26M a year ago.
  • Company has Cash and cash equivalents of $2.04M as of March 31, 2019.
  • Previously: Techprecision reports Q4 results (June 27)

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