TGEN
Tecogen Inc.5.34
-0.50-8.56%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Q&A details validation, Vertiv progress
Q&A expanded on the LOI developer's pivot from 6 chillers to three >200MW projects with active tenant talks, while multiple NDAs hide parallel pursuits. Vertiv momentum surged post-leadership swap three weeks ago, fueling joint sales and supply scaling; sheet metal outsourcing nears first articles for rapid throughput. Service margins will rebound from engine upgrades doubling intervals, targeting 50%+. Analysts grilled elusive timings—2026 for independents, faster for hyperscalers post-validation—and $30-50M scale per big site, but comfort trumps full gas switch yet. Hurdles clear slowly. Investors eye validation proofs.
Key Stats
Market Cap
159.38MP/E (TTM)
-Basic EPS (TTM)
-0.21Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Tecogen posted Q3 revenues of $7.2M, up 27.6% y/y from $5.6M, driven by products jumping 114.5% y/y to $3.0M on chiller deliveries while services edged 2.4% higher; yet gross margin slipped to 30.4% from 44.1% amid higher labor and materials. Operating loss widened to $2.1M from $0.9M as G&A rose 27.2% on payroll and insurance. Cash swelled to $15.3M post-$18.1M follow-on offering in July, fully repaying related-party notes; ops cash used $7.3M. Products delivered profits. Internal IT controls remain a risk.
8-K
Q3 revenue jumps 28%, loss widens
8-K
Tecogen's AI chiller potential
Tecogen Inc. released a FAQ on September 17, 2025, detailing how its natural gas Tecochill units can free up 30% more power for AI chips in data centers facing shortages, turning a 100MW facility into a 130MW powerhouse without new plants. The company eyes proof-of-concept deals in H2 2025 via its Vertiv partnership to build credibility and slash installation times. Tecochill stands out with patented tech and 20 million hours of runtime. Yet perceived risks linger.
8-K
Tecogen clears director debt
Tecogen Inc. prepaid two promissory notes totaling $1 million principal owed to director John N. Hatsopoulos on September 3 and 4, 2025, paying $1,076,955.62 including $76,955.62 in accrued interest. This cleared all outstanding debt and saved $46,159 in future interest through July 31, 2026 maturity. Debt-free status strengthens the balance sheet.
10-Q
Q2 FY2025 results
Tecogen's Q2 revenue surged 54% y/y to $7.3M, driven by $3.2M in products—up from a mere $0.1M—thanks to initial hybrid chiller deliveries and stronger cogeneration sales, while services dipped 4% to $4.0M and energy production fell 64% to $0.2M from contract expirations. Gross margin slipped to 33.8% from 44.0%, hit by higher labor and materials, yielding an operating loss of $1.4M, improved from $1.5M last year; net loss narrowed to $1.5M or $0.06/share on 25.3M diluted shares, consistent with basic. Cash dropped to $1.6M amid $3.8M operating outflow, but a $1.1M related-party note (5% rate, due 2026) and $18.2M post-period equity raise bolster liquidity. Aegis amendments added 49 contracts since 2023, recognizing $2.2M customer intangibles amortized over 1-11 years. Products dominate growth, yet regulatory shifts in fossil fuel markets pose risks.
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