Tecogen Q1 2024 revenue $6.2M up 15% YoY; net loss narrows to $1.1M

TECOGEN INC.

2024-Q1 EPS reported -$0.04 revenue$6,186,097

Q1 2024 revenue $6.2M vs $5.4M YoY; service revenue record $4.0M (+28% YoY).
Net loss $1.1M ($0.04 loss per share) vs $1.5M ($0.06 loss per share) in Q1 2023.
Adjusted EBITDA improved to negative $0.9M from negative $1.3M in prior year.
Generated $0.2M cash from operations; cash balance $1.5M at quarter end.
Product revenue declined 12.8% to $1.5M; energy production revenue up 27.5% to $680K.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TECOGEN INC. reported three months ended March 31, 2024 results: revenue $6.2 million, net income $1.1 million net loss, EPS $(0.04)/share.

Period: three months ended March 31, 2024
Revenue: $6.2 million
Net income: $1.1 million net loss
EPS: $(0.04)/share
Result: reported results

Exact text from the filing

Tecogen Inc. (OTCQX:TGEN), a leading manufacturer of clean energy products, reported revenues of $6.2 million and net loss of $1.1 million for the quarter ended March 31, 2024 compared to revenues of $5.4 million, and a net loss of $1.5 million in 2023.

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Source: SEC EDGAR

accession 0001537435-24-000060

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