secwatch.observer — SEC 8-K summary
======================================

Issuer:     TECOGEN INC. (TGEN)
CIK:        0001537435
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001537435-23-000093
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tecogen Q2 2023 revenue $6.7M (+5.2% YoY); net loss narrows to $0.8M; backlog rises to $11.3M
--------------------------------------------------------------------------------

- Q2 revenue $6.7M (up 5.2% from $6.4M in Q2 2022); net loss $0.8M (improved from $0.9M); EPS loss $0.03.
- H1 revenue $12.1M (down 12.4% YoY); net loss $2.3M (worsened from $0.8M in H1 2022).
- Services revenue $4.0M (+29.6% YoY) driven by Aegis acquisition; Products revenue $2.4M (-18.8%).
- Sales backlog grew from $7.1M (Q1 end) to $8.3M (Q2 end) to $11.3M as of August 9, 2023.
- Adjusted EBITDA negative $592K (Q2 2023) vs negative $651K (Q2 2022).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537435/000153743523000093/0001537435-23-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537435/000153743523000093/tgen-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001537435-23-000093

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