TechPrecision Reports Q1 FY26 Financials with $50mln Backlog, Expanding Gross Margin to Double-Digits

TechPrecision Corporation reported Q1 FY26 financial results with a $50.1 million backlog, driven by strong customer confidence. Gross margin expanded to double-digits due to improved production efficiencies. Revenue decreased by 8% to $7.4 million, while cost of revenue dropped by 18%. Gross profit increased by $0.8 million, and operating loss narrowed to $0.5 million. Net loss was $0.6 million, compared to $1.5 million in the same period a year ago.