$TPCS
TECHPRECISION CORP

2012 Q4 Form 10-Q Financial Statement

#000095015913000133 Filed on February 19, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2011 Q4
Revenue $7.294M $10.86M
YoY Change -32.86% 12.34%
Cost Of Revenue $5.410M $10.12M
YoY Change -46.57% 48.57%
Gross Profit $1.884M $740.0K
YoY Change 154.61% -74.09%
Gross Profit Margin 25.83% 6.81%
Selling, General & Admin $2.294M $1.924M
YoY Change 19.22% 51.06%
% of Gross Profit 121.75% 260.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $194.9K $132.1K
YoY Change 47.54% 46.8%
% of Gross Profit 10.35% 17.85%
Operating Expenses $2.294M $1.924M
YoY Change 19.22% 51.06%
Operating Profit -$409.7K -$1.184M
YoY Change -65.4% -174.84%
Interest Expense $64.92K $77.55K
YoY Change -16.28% -25.28%
% of Operating Profit
Other Income/Expense, Net -$92.56K -$56.86K
YoY Change 62.79% -73.32%
Pretax Income -$502.3K -$1.241M
YoY Change -59.53% -190.64%
Income Tax $43.22K -$92.68K
% Of Pretax Income
Net Earnings -$550.0K -$1.148M
YoY Change -52.1% -238.5%
Net Earnings / Revenue -7.54% -10.57%
Basic Earnings Per Share -$0.03 -$0.07
Diluted Earnings Per Share -$0.03 -$0.07
COMMON SHARES
Basic Shares Outstanding 19.09M shares 17.07M shares
Diluted Shares Outstanding 19.09M shares 17.07M shares

Balance Sheet

Concept 2012 Q4 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.010M $3.090M
YoY Change -34.95% -65.4%
Cash & Equivalents $2.014M $3.086M
Short-Term Investments
Other Short-Term Assets $1.712M $669.5K
YoY Change 155.71% 91.29%
Inventory $5.380M $5.230M
Prepaid Expenses
Receivables $3.492M $5.543M
Other Receivables $1.460M $1.000M
Total Short-Term Assets $15.01M $16.16M
YoY Change -7.11% -10.03%
LONG-TERM ASSETS
Property, Plant & Equipment $7.250M $7.303M
YoY Change -0.73% 57.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $160.0K $390.0K
YoY Change -58.97% 105.26%
Total Long-Term Assets $7.410M $7.691M
YoY Change -3.65% 59.89%
TOTAL ASSETS
Total Short-Term Assets $15.01M $16.16M
Total Long-Term Assets $7.410M $7.691M
Total Assets $22.42M $23.85M
YoY Change -5.99% 4.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.449M $1.320M
YoY Change 85.52% -18.5%
Accrued Expenses $1.441M $1.760M
YoY Change -18.1% 299.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $940.0K $1.360M
YoY Change -30.88% -0.73%
Total Short-Term Liabilities $5.953M $4.754M
YoY Change 25.21% 6.84%
LONG-TERM LIABILITIES
Long-Term Debt $5.180M $5.810M
YoY Change -10.84% 18.33%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $5.180M $5.810M
YoY Change -10.84% 18.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.953M $4.754M
Total Long-Term Liabilities $5.180M $5.810M
Total Liabilities $11.13M $10.67M
YoY Change 4.31% 13.87%
SHAREHOLDERS EQUITY
Retained Earnings $5.045M $7.610M
YoY Change -33.7%
Common Stock $1.956K $1.751K
YoY Change 11.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.29M $13.17M
YoY Change
Total Liabilities & Shareholders Equity $22.42M $23.85M
YoY Change -5.97% 4.74%

Cashflow Statement

Concept 2012 Q4 2011 Q4
OPERATING ACTIVITIES
Net Income -$550.0K -$1.148M
YoY Change -52.1% -238.5%
Depreciation, Depletion And Amortization $194.9K $132.1K
YoY Change 47.54% 46.8%
Cash From Operating Activities $570.0K -$1.790M
YoY Change -131.84% -245.53%
INVESTING ACTIVITIES
Capital Expenditures -$320.0K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$320.0K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -390.0K -350.0K
YoY Change 11.43% -76.35%
NET CHANGE
Cash From Operating Activities 570.0K -1.790M
Cash From Investing Activities -320.0K 0.000
Cash From Financing Activities -390.0K -350.0K
Net Change In Cash -140.0K -2.140M
YoY Change -93.46% 590.32%
FREE CASH FLOW
Cash From Operating Activities $570.0K -$1.790M
Capital Expenditures -$320.0K $0.00
Free Cash Flow $890.0K -$1.790M
YoY Change -149.72% -233.58%

Facts In Submission

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1.027
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0.79 pure
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1553000 shares
us-gaap Increase Decrease In Accrued Taxes Payable
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43224 USD

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