Tecogen Inc ( (TGEN) ) has released its Q1 earnings. Here is a breakdown of the information Tecogen Inc presented to its investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Tecogen Inc., a prominent player in the clean energy sector, specializes in designing and manufacturing ultra-clean cogeneration products for various applications, including residential, commercial, and industrial use. The company is known for its environmentally friendly solutions that significantly reduce carbon footprints.
In its latest earnings report for the first quarter of 2025, Tecogen Inc. announced a revenue increase to $7.28 million, marking a 17.6% rise compared to the same period in 2024. Despite a net loss of $0.66 million, the company showed improvement from the previous year’s loss of $1.10 million.
Key financial highlights include a substantial increase in product revenues by 69.9% and a narrowing of the adjusted EBITDA loss from $900k to $381k. The gross profit margin also improved to 44.3%, up from 41.6% in the previous year. However, operating expenses rose by 5.2%, attributed to increased R&D and recruitment costs.
Tecogen’s strategic initiatives include a focus on expanding its data center strategy, with ongoing interest from larger-scale projects and a partnership with Vertiv. The company’s recent listing on the NYSE American stock exchange aims to enhance stock liquidity and visibility.
Looking ahead, Tecogen’s management remains optimistic about continuing to improve financial performance and executing its strategic plans, which include further advancements in its data center initiatives and maintaining growth in its core business areas.