TPCS - TechPrecision Will Right The Ship

• TPCS shares have been hammered because of a few rough quarters, exacerbated by COVID-19 delays.
• TPCS has likely turned a corner after learning to make new submarine parts, the primary cause of the rough quarters, which could serve as a tailwind for increased future revenue.
• Submarine work is picking up fast, with contractors and subcontractors reporting solid numbers, which should also translate through to TPCS’s upcoming earnings call.
• TPCS recently entered an agreement to acquire a private precision parts manufacturer, and if this deal closes, it will expand capacity and double revenues.
• Assuming TPCS reports solid Q2 numbers in mid-November and backlog increases as it should, the share price may return to recent highs.

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