secwatch.observer — SEC 8-K summary
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Issuer:     TECOGEN INC. (TGEN)
CIK:        0001537435
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001537435-22-000129
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tecogen Q3 revenue up 31.9% to $6.6M; net loss $0.3M vs $1.5M profit
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- Revenue $6.6M in Q3 2022, up 31.9% YoY from $5.0M; YTD revenue $20.5M (+18.9%).
- Net loss $0.3M ($0.01/share loss) vs net income $1.5M ($0.06/share) in Q3 2021 due to absence of CARES Act benefits.
- Operating loss improved to $0.2M from $0.9M; gross margin 43.7% vs 46.7% due to higher material costs.
- Products revenue surged 71.4% to $3.2M driven by chiller/cogen sales; services revenue up 8.8% to $3.1M.
- Adjusted EBITDA negative $72K vs negative $197K; CEO cites rising electricity rates and 40% ITC as tailwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537435/000153743522000129/0001537435-22-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537435/000153743522000129/tgen-20221110.htm
  HTML page:      https://secwatch.observer/filing/0001537435-22-000129

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer