Tecogen Inc ( (TGEN) ) has released its Q2 earnings. Here is a breakdown of the information Tecogen Inc presented to its investors.
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Tecogen Inc., a prominent player in the clean energy sector, specializes in the design, manufacture, and maintenance of high-efficiency cogeneration products, including engine-driven combined heat and power systems, air conditioning systems, and water heaters. The company focuses on providing environmentally friendly solutions that significantly reduce carbon footprints.
In its latest earnings report for the second quarter of 2025, Tecogen Inc. announced revenues of $7.29 million and a net loss of $1.47 million, showing an improvement from the previous year’s net loss of $1.54 million. The company highlighted its progress in the data center strategy, including receiving a Letter of Intent for a significant pilot project, which could potentially expand to a 500+MW site.
Key financial metrics revealed a 54.3% increase in quarterly revenues compared to the same period in 2024, driven by a substantial rise in product revenues due to increased chiller and cogeneration sales. However, the company faced a setback with a reduced gross profit margin, attributed to higher material and labor costs associated with the initial shipments of its hybrid air-cooled chiller. Despite this, Tecogen’s operating expenses rose by 9% due to increased staffing to support manufacturing and engineering needs.
The company also reported a decrease in its net loss for the first half of 2025 compared to the same period in 2024, thanks to improved gross profits from its products and services segments. Tecogen’s adjusted EBITDA showed a negative $1.16 million for the quarter, an improvement from the previous year’s negative $1.30 million.
Looking ahead, Tecogen remains optimistic about its growth prospects, particularly in expanding its data center projects and scaling up production. The recent capital raise of $18.2 million is expected to bolster factory output and marketing efforts, positioning the company for future success in the clean energy market.