The provided data does not specify the company's name or detailed financial and customer metrics, but it presents comprehensive financial statements indicating a publicly traded company with revenues around $34 million in 2025 and net losses.

# Company Summary

Based on the provided table of contents, the document contains sections related to the company's business, risk factors, properties, legal proceedings, cybersecurity, and executive officers. However, it does not include specific details such as the company's name, number of customers, employees, revenue, or income.

# Notes:
- **Business Description:** Details about what the company does are likely found in **Item 1. Business**, but the content is not provided here.
- **Additional Specifics:** Information such as the number of customers, employees, revenue, and income are not included in the excerpt.

**Summary:**  
The document pertains to a company's detailed reporting, including its business operations, legal matters, properties, cybersecurity measures, and executive officers. Specific quantitative details about the company's size, financials, or customer base are not provided in the excerpt.

TechPrecision Corporation specializes in the manufacturing of precision metal components, primarily for the defense and industrial sectors, generating significant revenue while facing notable customer concentration risks.

# Company Overview: TechPrecision Corporation

## Business Description
TechPrecision Corporation is a manufacturer specializing in precision, large-scale fabricated and machined metal structural components and systems. The company provides a comprehensive range of services, including:

- **Custom Fabrication**
- **Precision Machining**
- **Assembly and Integration**
- **Inspection and Non-Destructive Evaluation**
- **Testing**

TechPrecision primarily serves two key industry groups:
1. **Defense**
2. **Precision Industrial**

The company produces components used across various markets, such as:
- Aerospace
- Nuclear
- Medical
- Defense

### Subsidiaries
TechPrecision operates through two wholly owned subsidiaries:
- **Ranor, Inc.**
- **Stadco Manufacturing, LLC**

Each subsidiary focuses on the manufacturing and assembly of specific components, mainly for defense and precision industrial customers.

## Financial Overview
- **Total Revenue**: Approximately **$31.591 million** in fiscal 2024, with **99%** derived from defense contracts. The company generated approximately **$30.935 million** in fiscal 2023, which was similarly largely from defense.
- **Major Customers**: A significant portion of revenue comes from a limited number of customers:
  - The top ten customers accounted for about **93%** of total revenue in fiscal 2024.
  - The largest customer contributed **28%** of net sales in fiscal 2024.

### Backlog
- As of March 31, 2024, TechPrecision had a backlog of orders totaling **$50 million**, which it expects to deliver over the next two to three fiscal years.

## Workforce
- **Employees**: At the end of March 2024, TechPrecision employed **162 full-time employees**.
  - **Ranor**: 67 hourly and 20 salaried employees
  - **Stadco**: 56 hourly and 19 salaried employees
- **Union Representation**: None of the employees are represented by a labor union.

## Market Position and Competition
- The manufacturing landscape for precision components is fragmented, with TechPrecision competing against both larger and smaller domestic and foreign manufacturers. The company's competitive advantages include:
  - Technical expertise
  - Commitment to quality and customer service
  - Established relationships within the defense and aerospace sectors.

## Risk Factors
- The company faces significant risks, including:
  - Dependence on a limited number of major customers
  - Compliance with government contracts and regulations
  - Potential economic downturns affecting demand and customer financial conditions.

In summary, TechPrecision Corporation is a specialized manufacturer offering integrated metal component solutions primarily to the defense sector, boasting a substantial revenue base and dedicated workforce. However, the reliance on a limited customer base poses significant risks.

TECHPRECISION CORP

10-K / July 30, 2025

10-K / September 13, 2024

10-K / July 30, 2025

Company Summary

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