$3.110
-0.059 (-1.89%)Al cierre
Noticias de TGEN
Eventos de TGEN
Tecogen Q2 Revenue at $5.75M, Below Consensus
Reports Q2 revenue $5.75M, consensus $5.85M. Abinand Rangesh, CEO of Tecogen, commented, "Over the last two months, we have been flat out hosting product demonstrations. Reaching this point has taken many grueling months of relationship building, but we may now have a shot at the hyperscalers and big brand data centers. We hosted 12 product demonstrations in total, six in person, and six virtual. Cumulatively, these data centers represent greater than eight gigawatts of capacity operating today and many gigawatts of contracted development. To put this in perspective, these data centers control 15% to 20% of all US data center capacity. Unlike previously, when our opportunity pipeline was primarily filled with smaller data centers, most of the data centers that attended the recent demos have the capital, permitted projects, and the influence to shape the whole industry. My confidence level in our prospects has increased to the point that we are building inventory of our dual power source chiller and power generation systems in order to respond quickly as these opportunities progress. Our non-data center backlog currently stands at approximately $8 million with $2 million or more in additional orders expected over the next few months. Therefore, we expect our Q3 product revenue to be higher than Q1 and Q2, and our service revenue is currently 10% higher compared to the same period last year. We finished the quarter with over $6.78 million in cash and our cash position today remains over $6 million due to lower cash burn because of cost reductions and deposit collection. Tomorrow, I will be able to shed more light on why it has taken this long and why I think our prospects are fundamentally different now."
Tecogen Receives $3.3M Orders and Joins Russell Microcap Index
Tecogen announced: Growing Order Flow: Received purchase orders of $3.3M including for the demonstration project. Additional POs are expected in July with product backlog expected to exceed $8M. Successful Data Center Developer and Partner Demonstrations: Hosted four in-person visits and two virtual demonstrations. Further visits are scheduled in July. The data center developers are of different sizes but collectively represent more than 1GW of installed capacity. Seeing firsthand how a data center can use our chiller to unlock profits using dynamic fuel switching or operate through a power outage without losing cooling has strengthened customer interest and accelerated deployment discussions. Addition to the Russell Microcap Index: Tecogen was added to the Russell Microcap Index as part of the 2026 Russell U.S. Indexes reconstitution, enhancing institutional visibility.
Tecogen Reports Q1 Revenue of $6.34M, Exceeding Expectations
Reports Q1 revenue $6.34M, consensus $4.98M. Abinand Rangesh, CEO of Tecogen, commented, "We delivered strong progress over the last two months, highlighted by an imminent purchase order from Vertiv for a real-world operating deployment of a 1 MW chiller system. This represents an important step that deepens our partnership and validates growing demand for our technology. The chillers will be permanently deployed at one of Vertiv's facilities where it solves power constraints. The installation will allow prospective customers to observe the system in use and support broader customer adoption discussions. Building on this momentum, we are actively advancing multiple data center opportunities. As part of this process, we are hosting prospective customers at our factory in the coming weeks for detailed, in-person reviews of our technology and system performance. Engagements that reach this stage of on-site customer evaluation typically represent later phases of due diligence prior to purchasing decisions."
Tecogen Q4 Revenue $5.32M, Down Year-over-Year
Reports Q4 revenue $5.32M vs. $6.08M last year. Q4 EPS includes the impairment of goodwill and long-lived assets, increased operating expenses and decreased gross profit from our Services segments. Abinand Rangesh, CEO of Tecogen, commented "during the upcoming call, I will provide some significant positive updates that will include the scale of the Vertiv opportunity pipeline for our chillers, the status of our own data center opportunities and an upcoming pilot project. On other positive news, our revenue grew 20% year on year. Although our loss widened and cash burn increased, this was because of critical expenses needed to expand margins in the service business and to develop the data center opportunities including expanding manufacturing capacity, R&D on our data center dual power source chiller and marketing."
Tecogen announces Q3 adjusted EBITDA of $1.8M compared to a loss of $0.8M last year.
Reports Q3 revenue $7.2M vs. $5.6M last year. Abinand Rangesh, CEO of Tecogen, commented that "since our last earnings call we have made tremendous progress. First, the potential data center customer we have an LOI from is now considering us for three sites and for a much larger portion of the AI load. This may result in significantly more chiller sales than the original LOI. We have also now attracted the interest of bigger, more established data center developers. Many have multiple data centers in construction. The feedback from some of the larger developers is not only validating everything we've said to date, but that the power allocated to cooling is larger than we originally anticipated. We have also become aware of other benefits of our solution as a result of our discussions with larger developers. The Vertiv relationship has also taken a positive turn and is building momentum. Last, we were able to present our solution to both of the big AI chip manufacturers and have received positive feedback. We have also increased our R&D spend to push our technical edge in natural gas cooling and increase service intervals on our engines. This will be critical in data center applications where we might have a hundred engines in one location but will also be instrumental in increasing service margins fleet wide. To test our product improvements on a larger scale and to improve service margins, especially in NYC, we invested $700k in new engines this quarter. Although this impacts service margin substantially in the short term, it will more than pay for itself in longer term benefits. During the call I will shed more light on next steps to convert our LOI with a data center developer to a PO, next steps with some of the larger developers, and recent developments in the Vertiv relationship."
Esta página es solo para investigación y no constituye asesoramiento de inversión. Los modelos pueden equivocarse. El rendimiento pasado no garantiza resultados futuros.