Tecogen Q2 revenue down 30% to $4.7M; net loss widens to $1.54M on factory relocation

TECOGEN INC.

2024-Q2 EPS reported -$0.11 revenue$10,913,883

Revenue $4.7M (down 29.9% YoY); net loss $1.54M vs $0.78M loss; EPS -$0.06 per share.
Products revenue plunged 95.1% to $120k due to factory move in April 2024; operations to resume Q3.
Service revenue up 4.4% to $4.1M; energy production revenue up 37.5% to $482k.
Cash from operations $0.1M in H1 2024; cash balance $0.8M at June 30, 2024.
CEO expects substantial product orders before end of Q3, targeting data centers and new regions.

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