secwatch.observer — SEC 8-K summary
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Issuer:     TECOGEN INC. (TGEN)
CIK:        0001537435
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001537435-23-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tecogen Q1 2023 revenue down 27.7% to $5.4M, net loss of $1.5M vs prior year profit
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- Revenue $5.4M, down 27.7% YoY; net loss $1.5M vs net income $0.1M in Q1 2022.
- Product revenue fell 56.6% to $1.7M; services revenue up 7.5% to $3.1M.
- Gross margin declined to 38.9% from 41.6%; operating expenses rose 17.7% to $3.5M.
- Adjusted EBITDA negative $1.3M vs positive $154K in prior year; cash balance $1.6M.
- CEO cites 35% sequential revenue growth from Q4 2022 and expanding pipeline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537435/000153743523000041/0001537435-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537435/000153743523000041/tgen-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001537435-23-000041

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