12:47 PM EDT, 07/01/2024 (MT Newswires) -- TechPrecision ( TPCS ) shares rose 6.1% in recent Monday trading after the company announced preliminary financial results for fiscal Q4.

The Ranor unit had net income of $246,822 on sales of $4.53 million in the three months ended March 31, preliminary data showed, TechPrecision ( TPCS ) said Monday in a statement.

The Stadco unit had $379,446 in net income on sales of $5.02 million.

Still, TechPrecision ( TPCS ) said it had no revenue, along with $400,000 of recurring expenses and one-time expenses of $1 million from the terminated acquisition of Votaw Precision Technologies.

TechPrecision ( TPCS ) informed the US Securities and Exchange Commission it was unable to file its annual report due to "continuing issues" integrating Stadco's financial reporting processes and procedures into its larger financial reporting structure.

"There can be no guarantee that these issues will not affect future financial reporting periods," TechPrecision ( TPCS ) said.

Price: 3.64, Change: +0.21, Percent Change: +6.12