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TGEN — Tecogen News Story

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Tecogen Q3 revenue rises 27.6% driven by increased product sales

Overview

Tecogen Q3 revenue rises 27.6% yr/yr, driven by increased product sales

Net loss for Q3 increases to $2.13 mln, impacted by higher operating expenses

Company invests $700k in new engines to improve service margins long-term

Outlook

Tecogen sees potential for increased chiller sales from data center developers

Company is investing in R&D to enhance natural gas cooling technology

Tecogen aims to improve service margins through product improvements

Result Drivers

PRODUCT SALES - Increased sales of chillers and cogeneration products drove revenue growth, with product revenue up 114.5% yr/yr

DATA CENTER INTEREST - Co reports growing interest from larger data center developers, potentially expanding chiller sales

R&D INVESTMENT - Increased R&D spend aimed at improving natural gas cooling technology and service intervals

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$7.18 mln
Q3 Net Income-$2.13 mln
Q3 Gross Margin30.40%
Q3 Income from Operations-$2.10 mln
Q3 Operating Expenses$4.28 mln
Press Release: ID:nACSCVvkna For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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