TechPrecision Corporation reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2018. For the quarter, the company reported net sales of $3,621,185 against $4,588,894 a year ago. Income from operations was $344,063 against $712,660 a year ago. Income before income taxes was $258,089 against $613,702 a year ago. Net income was $180,715 against $368,186 a year ago. Net income per share basic was $0.01 against $0.01 a year ago. Net income per share diluted was $0.01 against $0.01 a year ago. EBITDA was $534,000 against $894,000 a year ago.

For the six months, net sales were $7,720,008 against $10,419,280 a year ago. Income from operations was $666,122 against $1,533,488 a year ago. Income before income taxes was $487,503 against $1,325,839 a year ago. Net income was $345,100 against $792,688 a year ago. Net income per share basic was $0.01 against $0.03 a year ago. Net income per share diluted was $0.01 against $0.03 a year ago. Net cash used in operating activities was $683,379 against net cash provided by operating activities of $541,963 a year ago. Purchases of property, plant and equipment was $228,148 against $808,386 a year ago. EBITDA was $1,045,000 against $1,886,000 a year ago.

Company expect to remain profitable over the next two quarters of fiscal year 2019 as company make progress to complete an increased number of projects.