Highest-materiality recent filing
Tecogen grants restricted stock, options to NEOs; raises base salaries 3-5%
CEO Rangesh receives 174,081 restricted shares, 26,041 options at $5.17; salary +5% to $220,500.
All seven director nominees elected: John Albertine, Angelina Galiteva, Ahmed Ghoniem, John Hatsopoulos, Susan Hirsch, Earl Lewis III, Abinand Rangesh.
Q1 revenue $6.34M, net loss $2.12M; Vertiv 1 MW chiller order imminent
Revenue $6.34M vs $7.28M YoY; net loss $2.12M ($0.07 EPS) vs loss $0.66M.
Tecogen extends Advisory Agreement with John N. Hatsopoulos through March 2028
Advisory Agreement term extended to March 31, 2028.
Tecogen FY2025 revenue $27.1M (+20% YoY); net loss widens to $8.25M from $4.76M
FY2025 revenue $27.07M (19.7% increase); net loss $8.25M ($0.30/share) vs $4.76M loss in 2024.
Tecogen details data center cooling applications; 50-75 chillers per 250MW facility
Post on LinkedIn and website cites NVIDIA CEO comment, touts Tecogen natural gas and hybrid chillers.
Tecogen Reports Q3 2025 Revenue of $7.18M, Net Loss of $2.13M
Revenue increased 27.6% to $7.18M from $5.63M in Q3 2024, driven by 114.5% growth in product sales.
Tecogen provides AI data center chiller FAQ; claims 30% power reclaim benefit
Claims every 100MW data center could add ~30MW compute power using Tecochill gas chillers.
Tecogen prepays $1M in notes to director Hatsopoulos; eliminates all outstanding debt
Prepaid two promissory notes to director John N. Hatsopoulos totaling $1M principal plus $76,955.62 interest.
Tecogen Q2 revenue surges 54% to $7.29M; net loss narrows; data center LOI received
Revenue $7.29M (+54% YoY) driven by product sales surge (2,537%) from hybrid chiller deliveries.
Tecogen separates CEO/CFO roles; appoints Roger Deschenes as CFO and Treasurer
Dr. Abinand Rangesh resigns as CFO/Treasurer, remains CEO and director.
Tecogen closes $19.9M public offering of 3.985M shares at $5.00 per share
Closed underwritten public offering of 3,985,000 shares (including 485,000 overallotment) at $5.00/share.
Tecogen prices public offering of 3.5M shares at $5 per share; net proceeds ~$16.3M
Offering of 3,500,000 shares at $5.00 per share; gross proceeds ~$17.5M.
All 7 director nominees elected; votes for ranged from 8.53M to 8.73M, with 4.78M broker non-votes each.
Tecogen Q1 revenue up 17.6% to $7.28M; net loss narrows to $0.66M
Revenue $7.28M (+17.6% YoY); net loss $0.66M vs $1.10M a year ago; EPS -$0.03.
Tecogen director converts $514K promissory note into 240,256 common shares at $2.14/share
Earl R. Lewis III converted outstanding debt of $514,148.22 (principal + interest) to 240,256 shares of common stock.
Tecogen approved for NYSE American listing; trading begins May 6 under TGEN
Shares approved for listing on NYSE American; expected to start trading May 6, 2025.
Tecogen Q4 rev $6.08M, net loss narrows to $1.19M; signs Vertiv partnership
Q4 revenue $6.08M (+3% YoY); net loss $1.19M vs $1.85M in Q4 2023; EPS -$0.05.
Tecogen President/COO Panora moves to full-time; comp raised to $200K; VP Ops Gehret departs
Robert A. Panora increased time commitment to full time; base salary raised from $164,800 to $200,000 per year, effective March 6, 2025.
Tecogen partners with Vertiv for data center cooling chillers; exclusive rights outside US
Vertiv gets exclusive rights to market Tecogen DTx Chillers for data center cooling outside US; non-exclusive within US.
Tecogen extends $1M promissory notes to lead director; option for stock conversion
Two $500k promissory notes held by lead director John N. Hatsopoulos amended.
Tecogen allows director to convert $500K promissory note into common stock
Director Earl R. Lewis III may convert remaining balance of $500K promissory note (Sept 2024) to common stock at any time when not under trading restrictions.
Tecogen Q3 revenue down 20.8% to $5.63M; net loss widens to $0.93M
Revenue $5.63M vs $7.11M YoY (-20.8%); net loss $0.93M vs $0.48M; EPS loss $0.04.
Tecogen borrows $500K from director Earl R. Lewis III at 4.57%
Promissory note for $500,000 executed on Sept 18, 2024, with one-year maturity.
Tecogen Q2 revenue down 30% to $4.7M; net loss widens to $1.54M on factory relocation
Revenue $4.7M (down 29.9% YoY); net loss $1.54M vs $0.78M loss; EPS -$0.06 per share.
Tecogen borrows $500K from director/principal shareholder at 5.06% interest
Borrowed $500,000 from director and principal shareholder John N. Hatsopoulos.
Tecogen shareholders reject reverse stock split at annual meeting; all director nominees elected
Reverse stock split (1-for-4 to 1-for-6) failed with 42.18% of outstanding shares voting in favor, below required majority.
Tecogen Q1 2024 revenue $6.2M up 15% YoY; net loss narrows to $1.1M
Q1 2024 revenue $6.2M vs $5.4M YoY; service revenue record $4.0M (+28% YoY).
Tecogen expands maintenance portfolio by 31 cogeneration units; 48 more potential
Second Amendment effective May 1, 2024 adds maintenance agreements for 31 cogeneration units to Tecogen.
Tecogen Q4 2023 revenue $5.9M (+30% YoY); net loss $1.8M on $1M bad debt and inventory charges
Revenue $5.9M in Q4 (+30.2% YoY); Products $1.8M (+76.6%), Services $3.6M (+19.1%), Energy $542K (+4.7%).
Tecogen adopts performance bonus plan for CEO and senior management tied to positive Adjusted EBITDA
Compensation Committee adopted performance bonus plan on March 1, 2024.
Tecogen adds maintenance pacts for 16 cogeneration units and 2 chillers from Aegis
Aegis assigns and Tecogen assumes maintenance agreements for 16 cogen units and 2 absorption chillers.
Company furnished investor slides for Sidoti Micro-Cap Conference on January 17-18, 2024.
Tecogen announces death of director Fred Holubow on December 9, 2023
Director Fred Holubow passed away on December 9, 2023; board informed on December 12.
Tecogen Q3 2023 revenue up 7.5% YoY to $7.1M; net loss widens to $0.5M
Q3 revenue $7.1M (up 7.5% YoY); net loss $0.5M ($0.02 EPS) vs loss $0.3M a year ago.
Tecogen secures up to $1.5M insider loans; board to seek reverse stock split approval
Directors Hatsopoulos and Lewis commit up to $1M and $500K-$1M respectively in loans for working capital.
Tecogen appoints Susan Hirsch to board; receives option for 100,000 shares
Appointed Susan B. Hirsch as independent non-employee director to fill a board vacancy.
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.
Tecogen extends advisory agreement with John N. Hatsopoulos through March 2026
Advisory agreement term extended to March 28, 2026 via letter dated July 19, 2023.
Tecogen shareholders elect seven directors, ratify auditors at 2023 annual meeting
Seven directors elected: Galiteva, Hatsopoulos, Rangesh, Ghoniem, Lewis III, Holubow, Albertine.
Tecogen Q1 2023 revenue down 27.7% to $5.4M, net loss of $1.5M vs prior year profit
Revenue $5.4M, down 27.7% YoY; net loss $1.5M vs net income $0.1M in Q1 2022.
Tecogen discloses ransomware attack on April 28; network restored by May 1
Attack was a spear phishing attempt via the company's VPN; traces found on two workstations.
Tecogen acquires 202 maintenance contracts, assets from Aegis; reports Q4 earnings
Definitive agreement to assume 202 cogeneration maintenance agreements; closing targeted April 1, 2023.
Tecogen appoints Abinand Rangesh as CEO; Benjamin Locke resigns as CEO and director
Benjamin Locke resigned as CEO and director effective Jan 30, 2023; entered into a Consulting Agreement for ongoing advisory.
Tecogen appoints Dr. John M. Albertine to Board of Directors and Audit Committee
Dr. Albertine appointed as director and Audit Committee member effective November 28, 2022.
Tecogen Q3 revenue up 31.9% to $6.6M; net loss $0.3M vs $1.5M profit
Revenue $6.6M in Q3 2022, up 31.9% YoY from $5.0M; YTD revenue $20.5M (+18.9%).
Tecogen director Ralph Jenkins resigns effective September 19, 2022
Ralph Jenkins resigned as a director of Tecogen, effective immediately on September 19, 2022.
Tecogen Q2 2022 revenue up 4.4% to $6.4M but net loss of $856K vs profit in prior year
Net loss of $856K ($0.03 EPS loss) vs net income of $399K ($0.02 EPS) in Q2 2021 due to absence of CARES Act credits.
Tecogen launches new business unit for Controlled Environment Agriculture targeting $172B market
New business unit focuses on indoor agriculture to reduce energy costs and increase crop yield with chillers and cogeneration.
Tecogen posts investor presentation on website; details not provided in filing
Tecogen posted an investor presentation on its website on June 15, 2022, for use in meetings with potential investors.
On February 14, 2025, Mr. Joseph E. Gehret, formerly Vice President of Operations, left the Company to pursue another opportunity.
the Board of Directors of Tecogen Inc. is deeply saddened to announce that, on December 12, 2023, it was informed of the death, on December 9, 2023, of Mr. Fred Holubow, a director of the company and a member of the board’s Audit Committee since June 2020.
On September 22, 2023, the Board of Directors of Tecogen Inc. (“registrant”) appointed Ms. Susan B. Hirsch to serve as an independent non-employee director of registrant to fill a vacancy in registrant’s board of directors.
On January 30, 2023, Tecogen Inc. (the “Company”) issued a press release announcing that the Company’s Board of Directors appointed Dr. Abinand Rangesh to serve as the CEO of the Company effective January 30, 2023.
Also on January 30, 2023 Benjamin M. Locke resigned as CEO and as a director of the Company and its affiliates effective January 30, 2023
On December 7, 2022, Tecogen Inc. (the “Company”) announced that Dr. John M. Albertine has been appointed as a director of the Company and a member of the Company’s Audit Committee.
On September 19, 2022, Ralph Jenkins, a director of Tecogen Inc. (the “Company”) notified the Company of his resignation as a director of the Company effective immediately in order to permit him to focus on other business and personal commitments.
Max materiality 0.80 · Median 0.55 · Most common event other_material