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Side-by-side financial comparison of Opus Genetics, Inc. (IRD) and TECHPRECISION CORP (TPCS). Click either name above to swap in a different company.

TECHPRECISION CORP is the larger business by last-quarter revenue ($7.1M vs $3.9M, roughly 1.8× Opus Genetics, Inc.). On growth, TECHPRECISION CORP posted the faster year-over-year revenue change (-6.9% vs -10.2%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs -9.2%).

Opus Genetics, Inc. is a clinical-stage biotechnology company specializing in the development of targeted gene therapies for inherited retinal diseases. It focuses on addressing unmet medical needs for patients living with rare, vision-threatening ocular conditions, with operations centered on advancing accessible therapeutic candidates for global rare disease patient populations.

TechPrecision Corp is a manufacturer of custom high-precision metal fabricated components and integrated systems, serving aerospace, defense, medical technology, renewable energy, and industrial end markets primarily across North America and Europe. It specializes in producing tight-tolerance, mission-critical parts that adhere to rigorous industry quality requirements.

IRD vs TPCS — Head-to-Head

Bigger by revenue
TPCS
TPCS
1.8× larger
TPCS
$7.1M
$3.9M
IRD
Growing faster (revenue YoY)
TPCS
TPCS
+3.2% gap
TPCS
-6.9%
-10.2%
IRD
Faster 2-yr revenue CAGR
IRD
IRD
Annualised
IRD
50.3%
-9.2%
TPCS

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IRD
IRD
TPCS
TPCS
Revenue
$3.9M
$7.1M
Net Profit
$-1.5M
Gross Margin
5.4%
Operating Margin
-19.1%
Net Margin
-20.8%
Revenue YoY
-10.2%
-6.9%
Net Profit YoY
53.0%
-84.4%
EPS (diluted)
$-0.15

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IRD
IRD
TPCS
TPCS
Q4 25
$3.9M
$7.1M
Q3 25
$3.1M
$9.1M
Q2 25
$2.9M
$7.4M
Q1 25
$4.4M
$9.5M
Q4 24
$4.3M
$7.6M
Q3 24
$3.9M
$8.9M
Q2 24
$1.1M
$8.0M
Q1 24
$1.7M
$8.6M
Net Profit
IRD
IRD
TPCS
TPCS
Q4 25
$-1.5M
Q3 25
$-17.5M
$825.0K
Q2 25
$-7.4M
$-597.0K
Q1 25
$-8.2M
$112.0K
Q4 24
$-799.0K
Q3 24
$-7.5M
$-601.0K
Q2 24
$-7.8M
$-1.5M
Q1 24
$-7.1M
$-5.1M
Gross Margin
IRD
IRD
TPCS
TPCS
Q4 25
5.4%
Q3 25
27.1%
Q2 25
14.0%
Q1 25
22.0%
Q4 24
13.0%
Q3 24
11.3%
Q2 24
3.0%
Q1 24
14.3%
Operating Margin
IRD
IRD
TPCS
TPCS
Q4 25
-19.1%
Q3 25
-269.9%
10.4%
Q2 25
-309.0%
-6.3%
Q1 25
-227.2%
3.9%
Q4 24
-9.1%
Q3 24
-207.1%
-5.5%
Q2 24
-748.9%
-16.8%
Q1 24
-450.5%
-28.6%
Net Margin
IRD
IRD
TPCS
TPCS
Q4 25
-20.8%
Q3 25
-566.9%
9.1%
Q2 25
-257.5%
-8.1%
Q1 25
-187.5%
1.2%
Q4 24
-10.5%
Q3 24
-194.6%
-6.7%
Q2 24
-698.3%
-18.3%
Q1 24
-415.3%
-59.5%
EPS (diluted)
IRD
IRD
TPCS
TPCS
Q4 25
$-0.15
Q3 25
$-0.25
$0.08
Q2 25
$-0.12
$-0.06
Q1 25
$-0.24
$0.01
Q4 24
$-0.08
Q3 24
$-0.29
$-0.06
Q2 24
$-0.30
$-0.16
Q1 24
$-0.29
$-0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IRD
IRD
TPCS
TPCS
Cash + ST InvestmentsLiquidity on hand
$45.1M
$50.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$15.3M
$8.0M
Total Assets
$50.2M
$32.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRD
IRD
TPCS
TPCS
Q4 25
$45.1M
$50.0K
Q3 25
$30.8M
$220.0K
Q2 25
$32.4M
$143.0K
Q1 25
$41.8M
$195.0K
Q4 24
$30.3M
$165.0K
Q3 24
$36.6M
$132.0K
Q2 24
$41.4M
$44.8K
Q1 24
$47.2M
$138.0K
Total Debt
IRD
IRD
TPCS
TPCS
Q4 25
Q3 25
Q2 25
Q1 25
$3.0K
Q4 24
$19.0K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IRD
IRD
TPCS
TPCS
Q4 25
$15.3M
$8.0M
Q3 25
$6.0M
$9.1M
Q2 25
$17.5M
$8.2M
Q1 25
$5.1M
$8.7M
Q4 24
$6.7M
$8.1M
Q3 24
$34.3M
$8.9M
Q2 24
$40.6M
$7.9M
Q1 24
$46.1M
$7.8M
Total Assets
IRD
IRD
TPCS
TPCS
Q4 25
$50.2M
$32.8M
Q3 25
$36.1M
$33.8M
Q2 25
$38.7M
$32.1M
Q1 25
$48.2M
$33.5M
Q4 24
$36.9M
$32.2M
Q3 24
$40.4M
$35.0M
Q2 24
$44.8M
$35.7M
Q1 24
$51.8M
$34.7M
Debt / Equity
IRD
IRD
TPCS
TPCS
Q4 25
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IRD
IRD
TPCS
TPCS
Operating Cash FlowLast quarter
$-35.3M
$183.0K
Free Cash FlowOCF − Capex
$-827.0K
FCF MarginFCF / Revenue
-11.7%
Capex IntensityCapex / Revenue
14.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRD
IRD
TPCS
TPCS
Q4 25
$-35.3M
$183.0K
Q3 25
$-6.2M
$-1.1M
Q2 25
$-10.3M
$646.0K
Q1 25
$-9.0M
$396.0K
Q4 24
$-25.6M
$-570.0K
Q3 24
$-5.1M
$-532.0K
Q2 24
$-7.3M
$107.0K
Q1 24
$-5.7M
$-452.0K
Free Cash Flow
IRD
IRD
TPCS
TPCS
Q4 25
$-827.0K
Q3 25
$-2.1M
Q2 25
$-604.0K
Q1 25
$-930.0K
Q4 24
$-1.7M
Q3 24
$-2.0M
Q2 24
$-94.0K
Q1 24
$-900.0K
FCF Margin
IRD
IRD
TPCS
TPCS
Q4 25
-11.7%
Q3 25
-22.9%
Q2 25
-8.2%
Q1 25
-9.8%
Q4 24
-22.9%
Q3 24
-21.8%
Q2 24
-1.2%
Q1 24
-10.5%
Capex Intensity
IRD
IRD
TPCS
TPCS
Q4 25
14.2%
Q3 25
11.0%
Q2 25
16.9%
Q1 25
14.0%
Q4 24
15.4%
Q3 24
15.9%
Q2 24
2.5%
Q1 24
5.2%
Cash Conversion
IRD
IRD
TPCS
TPCS
Q4 25
Q3 25
-1.31×
Q2 25
Q1 25
3.54×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IRD
IRD

Segment breakdown not available.

TPCS
TPCS

Defense$6.7M94%
Other$410.0K6%

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