Tecogen Announces Fourth Quarter 2023 Results
TECOGEN INC (TGEN)
Last tecogen inc earnings: 3/12 09:30 am
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ir.tecogen.com
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Source: GlobeNewswire
Q4 2023 Revenue of $5.9 Million, an Increase of 30.2% QoQ WALTHAM, MA, March 13, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire –Tecogen Inc. (OTCQX:TGEN), a leading manufacturer of clean energy products, reported revenues of $5.9 million and a net loss of $1.8 million for the quarter ended December 31, 2023 compared to revenues of $4.5 million, and a net loss of $1.4 million in 2022. The increase in net loss was primarily driven by an increase in bad debt reserves for installation projects from 2017 an increase in reserves for obsolete inventory. Our Adjusted EBITDA loss narrowed to $527 thousand for the quarter ended December 31, 2023 compared to $1.1 million in 2022. For the year ended December 31, 2023 revenues were $25.1 million and the net loss was $4.5 million compared to revenues of $25.0 million, and net loss of $2.4 million for the same period in 2022. For the year the Adjusted EBITDA loss was $2.6 million in 2023 and $1.7 million in 2022. "During the 4th quart
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TGEN
News
- Tecogen Schedules Earnings Release and Conference Call for Q1 2024 ResultsAccesswire
- Tecogen Inc. (PNK:TGEN) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Tecogen Announces Fourth Quarter 2023 Results [Yahoo! Finance]Yahoo! Finance
- Tecogen Announces Order for 12 Cogeneration Units [Yahoo! Finance]Yahoo! Finance
- Tecogen Announces Order for 12 Cogeneration UnitsGlobeNewswire
TGEN
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/23/24 - Form 4
- TGEN's page on the SEC website