TECHPRECISION CORP

TECHPRECISION CORP company info

CIK	1328792
IRS Number	000000000
State of incorporation	DE
Business address	1 BELLA DRIVE None WESTMINSTER MA 01473
Mail address	1 BELLA DRIVE None WESTMINSTER MA 01473

Short summary

TECHPRECISION CORP is a Massachusetts company, with head office located at 1 Bella Drive Westminster, Massachusetts 01473. The company achieved a record breaking net income last year - 1.10 million USD. In 2018 the company owned a total of 15.49 million USD worth of assets, including 8.89 million USD worth of current assets. 2011 was the year when the company amassed the most assets.

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TECHPRECISION CORP Income Statement

Name [in Millions USD]	2010	2011	2012	2013	2014	2015	2016	2017	2018
Revenue, Net	32.28	33.27	32.47	21.07	18.23	16.85	18.55	18.73
Cost of Goods and Services Sold	22.37	28.18	25.91	21.80	15.93	11.36	12.45	14.75	12.12
Gross Profit	9.92	5.08	6.56	-0.73	2.31	5.49	6.10	3.98	4.58
Selling, General and Administrative Expense	5.17	8.45	8.16	6.11	4.53	3.39	4.34	3.01	2.75
Research and development		0.27	0	0	0	0	0
Operating Income (Loss)	4.74	-3.36	-1.60	-6.84	-2.23	2.11	2.88	0.97	1.84
Interest expense	0.43	0.27	0.31	0.44	1.51	0.75	0.64	0.41	0.35
Other Nonoperating Income (Expense)		0.02	-0.03	0.00	-0.00	0.00	0.01	0.00	0.04
Income Tax Expense (Benefit)	1.59	-1.47	0.47	-0.19	-0.16	-0.00	-2.83	0.82	0.42
Net income									1.10

TECHPRECISION CORP Balance Sheet

Name [in Millions USD]	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018
Cash and cash equivalents	9.59	7.34	4.38	2.44	0.89	1.46	2.86	3.33	2.11	3.53
Accounts Receivable, Net, Current		2.42	5.03	3.81	3.22	0.82	1.40	1.23	0.72	0.87
Inventories									1.03	1.20
Deferred income taxes		0.53	1.32	0.26	0.99	0.83	0.83
Property, Plant and Equipment, Gross			11.60	12.30	12.38	12.16	11.85	12.72	13.56	13.65
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment			4.33	5.19	6.05	6.73	7.21	7.77	8.48	8.79
Other Assets, Noncurrent		0.18	0.20	0.10	0.40	0.03	0.12	0.03	0.04	0.01
Total assets		24.10	25.97	19.05	17.23	10.97	12.00	16.66	15.99	15.49
Current assets		17.26	18.38	11.94	10.50	5.52	6.55	8.56	8.44	8.89
Accounts payable		1.28	2.03	0.97	3.81	1.20	0.62	0.56	0.33	0.27
Total current liabilities		4.74	8.81	9.85	13.86	7.38	4.61	2.91	3.32	2.32
Deferred income taxes		0	0.11	0.26	0.99	0.83	0.68	0.52
Total liabilities					13.40
Common Stock, Value, Issued		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings (Accumulated Deficit)		8.85	5.64	2.51	-4.44	-6.54	-4.95	0.11	0.06	1.21
Accumulated Other Comprehensive Income (Loss), Net of Tax		-0.12	-0.28	-0.11	-0.04	0.02	0.02	0.02	0.02	0.02

TECHPRECISION CORP Cash Flow

Name [in Millions USD]	2010	2011	2012	2013	2014	2015	2016	2017	2018
Net income									1.10
Depreciation		0.60	0.80	0.90	0.84	0.75	0.69	0.70	0.75
Depreciation and amortization	0.37	0.68	0.85	0.95	0.84	0.75	0.69	0.70	0.75
Deferred Income Tax Expense (Benefit)	-0.16	-0.65	0.70			0	-2.87	0.83	0.42
Accounts receivable	2.88	-0.68	-0.57	-2.06	-1.45	1.20	-0.15	-0.08	-0.44
Inventories	0.42	-0.35	-0.02	-0.06	-0.16	-0.01	0.01	-0.15	0.26
Accounts payable	0.65	0.24	1.17	0.36	-1.22	-0.67	-0.63	-0.02	0.26
Deferred revenue	0.33	0.42	-0.55	1.21	-0.25
Net Cash Provided by (Used in) Operating Activities							1.73	1.26	0.53
Payments to Acquire Property, Plant, and Equipment	1.56	2.68	0.66	0.06	0.05	0.02	0.79	0.99	0.45
Net Cash Provided by (Used in) Investing Activities							-0.79	-0.91	-0.41
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	-1.50	-2.68	-0.66	-0.06	-0.04	-0.22	-0.79
Proceeds from Issuance of Long-term Debt	4.32	1.88
Payments for Repurchase of Common Stock								0	0.19
Net Cash Provided by (Used in) Financing Activities							0.79	-0.72	-0.77
Cash and Cash Equivalents, Period Increase (Decrease)			0.25	-1.99	0.25	-0.00	1.73	-0.38	-0.65

TECHPRECISION CORP company info

Short summary

TECHPRECISION CORP Income Statement

TECHPRECISION CORP Balance Sheet

TECHPRECISION CORP Cash Flow

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