Tecogen Q3 revenue down 20.8% to $5.63M; net loss widens to $0.93M

TECOGEN INC.

2024-Q3 EPS reported -$0.14 revenue$16,544,014

Revenue $5.63M vs $7.11M YoY (-20.8%); net loss $0.93M vs $0.48M; EPS loss $0.04.
Products segment revenue fell 52.7% to $1.39M due to manufacturing relocation; production resumed in Q3.
Service revenue $3.85M (flat); energy production $389K (+17.3%).
Backlog climbed to $10.8M; CEO expects sequential revenue increases and first data center projects in early 2025.
Cash $1.28M at Sep 30; $1.0M in related-party funding in Q3; used $117K in ops, $839K in capex during nine months.

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