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    Richard Grelich • REG Capital Advisors

    Richard E. Greulich, Jr. is President and CEO of REG Capital Advisors, where he leverages over 40 years of experience in investment and wealth management, specializing in equity research and portfolio management with a value-based approach. Greulich actively covers publicly traded companies such as TechPrecision Corporation, regularly engaging in quarterly earnings calls and applying a disciplined 'Value Plus Favorable Change' investment strategy that targets undervalued equities showing improving fundamentals. He began his career after graduating from Northwestern's Kellogg School of Management and has devoted much of his professional life to REG Capital Advisors, focusing on helping families and small businesses grow their portfolios. Greulich is professionally credentialed with FINRA registration and holds requisite securities licenses for investment advisory roles.

    Richard Grelich's questions to TechPrecision Corp (TPCS) leadership

    Richard Grelich's questions to TechPrecision Corp (TPCS) leadership • Q1 2026

    Question

    Richard Grelich of REG Capital Advisors inquired about a $250,000 change in the contract loss provision during the quarter, asking if it stemmed from a new negotiation. He also asked whether management believes a 30% overall gross margin is an achievable and acceptable target for both the company and its customers in the long term.

    Answer

    CFO Phil Podgorski and CEO Alex Shen clarified that the additional loss reserve was related to a one-time, one-off project that is nearly complete and expected to be resolved by the next quarter. Regarding the 30% gross margin target, management avoided committing to a specific number, stating that their pricing requests are compliant with defense contracting regulations (FAR/CAS) and are not outside the realm of acceptability for their customers. They emphasized that achieving higher margins is earned through superior performance, such as 100% on-time delivery and quality, which ultimately provides value and reduces costs for their clients, making higher prices justifiable.

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