Significant Forward Momentum in Data Center Strategy
Tecogen has seen substantial interest from well-known colocation data center developers and has presented its solutions to major players like NVIDIA and AMD. The company is confident in its path forward in the data center market.
Product Revenue Surge
Product revenues increased by 115% during the third quarter, contributing to a total revenue increase to $7.2 million from $5.6 million in the third quarter of 2024.
No Debt on Balance Sheet
Tecogen has repaid the related party note and currently has no debt on its balance sheet, with a current cash position of approximately $14 million.