Tecogen Announces First Quarter 2024 Results [Yahoo! Finance]
TECOGEN INC (TGEN)
Last tecogen inc earnings: 3/12 09:30 am
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ir.tecogen.com
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Source: Yahoo! Finance
of clean energy products, reported revenues of $6.2 million and net loss of $1.1 million for the quarter ended March 31, 2024 compared to revenues of $5.4 million, and a net loss of $1.5 million in 2023. We generated $0.2 million in cash from operations during the quarter and ended the quarter with a cash balance of $1.5 million. "In Q1 2024 had record service revenue of $4m, a 28% increase from the same period last year. We also had positive cash flow from operations. Our total revenue was also up 15% QoQ. Our cash position at the end of Q1 was $1.5m and we haven't drawn further into our line of credit. During the call I will update investors on our factory move, the service agreements we acquired in Q1 and our new marketing efforts," commented Abinand Rangesh, Tecogen's Chief Executive Officer. Key Takeaways Net Loss and Earnings Per Share Net loss in Q1 2024 was $1.1 million compared to a net loss of $1.5 million in Q1 2023, a decrease of $0.4 million, due to increased reve
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TGEN
News
- Tecogen Inc. (PNK:TGEN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Tecogen Acquires Additional Service Contracts [Yahoo! Finance]Yahoo! Finance
- Tecogen Acquires Additional Service ContractsAccesswire
- Tecogen Schedules Earnings Release and Conference Call for Q1 2024 ResultsAccesswire
- Tecogen Inc. (PNK:TGEN) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
TGEN
Sec Filings
- 5/17/24 - Form 4
- 5/16/24 - Form 4
- 5/9/24 - Form 10-Q
- TGEN's page on the SEC website