TechPrecision Corporation $(TPCS)$, a custom manufacturer of precision, large-scale fabrication and machined metal structural components, reported its financial results for the fiscal year 2026 first quarter ended June 30, 2025. The company experienced an 8% decline in revenue, totaling $7.4 million, primarily due to lower revenue at its Stadco segment. Despite this decline, consolidated gross margin improved to 14%, driven by production efficiencies and a favorable project mix. The company's gross profit increased significantly to $1.0 million, up by $0.8 million from the same period in the previous year, reflecting improved operating performance at both Ranor and Stadco. The cost of revenue decreased by 18% to $6.3 million, again primarily due to efficiencies at Stadco. TechPrecision reported a net loss of $0.6 million, an improvement from a net loss of $1.5 million in the same period a year ago. Operating loss was reduced to $0.5 million, compared to a loss of $1.3 million in the same period a year ago, largely due to enhanced margin drop-through and reduced SG&A expenses, which were 6% lower due to the absence of a breakup fee from a terminated acquisition in the previous year. The company's backlog reached $50.1 million as of June 30, 2025, indicating strong customer confidence and is expected to be delivered over the next one to three fiscal years. TechPrecision anticipates continued gross margin expansion throughout this period.