Sector: Industrials | Industry: Electrical Components & Equipment |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 45 1st Ave WALTHAM MA 02451-1105 |
Tel: | N/A |
Website: | https://www.tecogen.com |
IR: | See website |
Key People | ||
Robert A. Panora President, Chief Operating Officer | Abinand Rangesh Chief Executive Officer, Chief Financial Officer, Treasurer, Director | Joseph B. Gehret Chief Technology Officer |
Jeffrey H. Glick Vice President - Sales | John K. Whiting General Counsel, Secretary |
Business Overview |
Tecogen Inc. designs, manufactures, markets, and maintains ultra-clean cogeneration products. The Company includes natural gas engine-driven combined heat and power (CHP) systems, chillers, and heat pumps for multi-family residential, commercial, recreational, and industrial use. The Company operates through three segments: Products, Services, and Energy Production. The Products segment designs, manufactures and sells industrial and commercial cogeneration systems. The Services segment provides operations and maintenance services and turn-key installation for its products under long-term service contracts. The Energy Production segment, which installs, operates, and maintains distributed generation electricity systems that it owns and sells energy generated by such systems in the form of electricity, heat, hot water, and cooling to its customers under long-term energy sales agreements. The Company's products are sold with its patented Ultera emissions technology. |
Financial Overview |
For the three months ended 31 March 2024, Tecogen Inc revenues increased 15% to $6.2M. Net loss decreased 26% to $1.1M. Revenues reflect Energy Production segment increase of 28% to $680K. Lower net loss reflects Unrealized gain on investment securities increase from $0K to $19K (income). Basic Earnings per Share excluding Extraordinary Items increased from -$0.06 to -$0.04. |
Employees: | 92 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $18.88M as of Mar 31, 2024 |
Annual revenue (TTM): | $25.95M as of Mar 31, 2024 |
EBITDA (TTM): | -$3.21M as of Mar 31, 2024 |
Net annual income (TTM): | -$4.21M as of Mar 31, 2024 |
Free cash flow (TTM): | -$0.44M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 24,850,261 as of Apr 9, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |