Tecogen Q4 rev $6.08M, net loss narrows to $1.19M; signs Vertiv partnership

TECOGEN INC.

Q4 revenue $6.08M (+3% YoY); net loss $1.19M vs $1.85M in Q4 2023; EPS -$0.05.
FY 2024 revenue $22.62M, net loss $4.76M; gross margin improved to 43.6% (40.6% in 2023).
Cash balance $5.41M at Dec 31, 2024; generated $4.06M cash from operations during 2024.
Signed global partnership with Vertiv; closed InVerde data center project in CT.
Backlog strong; management expects sequential revenue improvements and data center growth.

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