Tecogen

Tecogen, Inc. engages in the design, manufacture, marketing, and maintenance of cogeneration and combined heat and power products. It operates through the Products and Services, and Energy Production segments. The Products and Services segment designs, manufactures, and retails industrial and commercial cogeneration systems. The Energy Production segment sells energy in the form of electricity, heat, hot water, and cooling to customers under long-term sales agreements. The company was founded by George N. Hatsopoulos and John N. Hatsopoulos in 1987 and is headquartered in Waltham, MA.

Earnings data Q4 2019

Earnings data Q1 2020

Earnings data Q2 2020

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Tecogen, Inc. engages in the production of commercial and industrial, natural-gas-fueled engine-driven, and combined heat and power (CHP) products. It operates through the Products, Services, and Energy Production segments. The Products segment designs, manufactures, and retails industrial and commercial cogeneration systems. The Services segment installs and maintains the cogeneration systems. The Energy Production segment sells energy in the form of electricity, heat, hot water, and cooling to customers under long-term sales agreements. The company was founded by George N. Hatsopoulos and John N. Hatsopoulos in 1987 and is headquartered in Waltham, MA.

Tecogen Inc. (TGEN) came out with a quarterly loss of $0.03 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.03 per share a year ago.

Tecogen Inc. (TGEN) Reports Q2 Loss, Tops Revenue Estimates

Q2 2023 R evenue of $6.7 M illion, an I ncrease of 5.2% QoQ

Tecogen Announces Second Quarter 2023 Results

WALTHAM, MA, Aug. 01, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN) a leading provider of clean energy products and services, is pleased to announce the sale of 600 tons of Tecochill and 500KW of Cogeneration equipment for a CEA application in collaboration with Accelerated Growth Solutions (AGS).  AGS has expertise in providing HVAC and cogeneration design solutions for many cannabis facilities.

Tecogen Announces Order for Chillers and Cogeneration Equipment Through New Sales Relationship with Accelerated Growth Solutions

WALTHAM, MA, July 19, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Tecogen Inc. (OTCQX: TGEN) will release Q2 2023 financial results on Thursday, August 10th, 2023. Members of Tecogen's senior management will hold a conference call and webcast at 9:30 AM Eastern Time to discuss the Company's financial performance for Q2 2023. The earnings press release and supplemental earnings call slides will be available on the Company's website at  www.Tecogen.com  in the "Investor Relations" section under "Financial Results."

Tecogen Schedules Earnings Release and Conference Call for Q2 2023 Results

WALTHAM, MA, July 18, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN) a leading provider of clean energy products and services, is pleased to announce the sale of 550 tons of STx chillers to two existing customers in Connecticut whose existing Tecogen chillers have been in operation for many years and are being replaced with newer more efficient chillers.  Both customers have a significant need for domestic hot water and will continue putting the free recovered engine waste heat to good use.

Tecogen Announces Multiple Chiller Orders for Existing Customers in CT

WALTHAM, MA, July 12, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN),  a leading provider of clean energy products and services, is pleased to announce the sale of 700 tons of Tecochill for a CEA application in collaboration with BioTherm.  BioTherm's expertise in providing climate control solutions for CEA facilities, strong industry connections, and dedication to customer satisfaction make them an ideal partner in expanding Tecogen's market reach in the CEA space.

Tecogen Announces Order for Chillers Through New Sales Relationship With BioTherm

WALTHAM, MA, May 18, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN) a leading provider of clean energy products and services, is pleased to announce the sale of two STx Chillers to NJ Transit for its historic Newark Penn Station. These chillers will replace the existing Tecogen chillers that have reliably served NJ Transit for over 25 years making the decision to upgrade an easy one. The new chillers will continue to be serviced by our Piscataway NJ service center.

Tecogen Announces Sale of Chillers to Historic Newark Penn Station

Revenues of $ 5.4 million WALTHAM, MA , May 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Tecogen Inc. (OTCQX:TGEN), a leading manufacturer of clean energy products, reported revenues of $5.4 million and net loss of $1.5 million for the quarter ended March 31, 2023 compared to revenues of $7.4 million, and a net profit of $0.1 million in 2022. We used $0.3 million in cash from operations during the quarter and ended the quarter with a cash balance of $1.6 million.

Tecogen Announces First Quarter 2023 Results

WALTHAM, MA, April 18, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN) will release Q1 2023 financial results on Thursday, May 11th, 2023. The earnings press release and supplemental earnings call slides will be available on the Company's website at  www.Tecogen.com  in the "Investor Relations" section under "Financial Results." Members of Tecogen's senior management will hold a conference call and webcast on the same day at 9:30 AM Eastern Time to discuss the Company's financial performance for Q1 2023.

Tecogen Schedules Earnings Release and Conference Call for Q1 2023 Results

WALTHAM, MA, March 23, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire –   Tecogen Inc.  (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce an order for three DTX Tecochill chillers providing 1200 tons of cooling to a repeat customer in the indoor agriculture space for the cultivation of leafy greens at a facility in Georgia.  We also expect to enter into a long-term service agreement to maintain the chillers from our Florida service center in order to ensure maximum uptime for the systems.

Tecogen Receives Order for Three Chillers Providing 1200 Tons of Cooling and Dehumidification for Indoor Agriculture Facility in Georgia

WALTHAM, MA, March 20, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tecogen Inc. (OTCQX: TGEN), a clean-energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce that it has assumed service contracts from Aegis Energy Services, LLC (“Aegis”), a subsidiary of Dalkia Energy US, LLC, part of the EDF Group, (“Dalkia”) for 202 cogeneration systems, and expects to assume additional service contracts later in the year.  The equipment will be serviced by Tecogen's existing service centers in the Northeast United States. As a counterpart to the transfer of these services contracts, Tecogen will share a portion of the revenue with Dalkia from the assumed contracts for a period of seven years.

Tecogen Acquires Service Contracts for 202 Cogeneration Units From Aegis Energy Services, LLC

Tecogen Inc. (OTC:TGEN) Q4 2022 Earnings Conference Call March 16, 2023 11:00 AM ET Company Participants Jack Whiting - General Counsel and Secretary Abinand Rangesh - Chief Executive Officer Roger Deschenes - Chief Accounting Officer Robert Panora - Chief Operations Officer Conference Call Participants Sameer Joshi - H.C. Wainwright Operator Hello and welcome to the Tecogen Year-End 2022 Conference Call.

Tecogen Inc. (TGEN) Q4 2022 Earnings Call Transcript

Revenue of $25.0 million for FY 2022 up 2.5% compared to FY 2021

Tecogen Announces 2022 Results

WALTHAM, MA, Feb. 14, 2023 (GLOBE NEWSWIRE) -- via  NewMediaWire -- Tecogen Inc. (OTCQX: TGEN) will release FY 2022 financial results on Thursday, March 16, 2023. The earnings press release and supplemental earnings call slides will be available on the Company's website at  www.Tecogen.com  in the "Investor Relations" section under "Financial Results." Members of Tecogen's senior management will hold a conference call and webcast on the same day at 11:00 AM Eastern Time to discuss the Company's financial performance for FY 2022. Senior management will also discuss the company's strategy for FY 2023.

Tecogen Schedules Earnings Release and Conference Call for FY 2022 Results

WALTHAM, MA, Jan. 24, 2023 (GLOBE NEWSWIRE) -- via  NewMediaWire  --  Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce the launch of its smart Tecochill Hybrid-Drive Air-Cooled chiller (the “Hybrid-Drive”) at AHR 2023, the largest HVAC tradeshow in North America. The Hybrid-Drive chiller seamlessly combines two power sources, economical natural gas and electric power from the grid, offering customers up to 50% lower operating costs compared to alternative chillers, as well as dual-power-source resiliency.  When the Hybrid-Drive is powered by the chiller's integral natural gas engine, it produces chilled water for air-conditioning plus free engine heat that is recovered to produce usable hot water. Competing solutions are less efficient, have a higher greenhouse gas footprint, have a higher energy operating cost, and require a separate boiler to produce hot water.

Tecogen to Launch Smart Hybrid-Drive Air-Cooled Chiller at AHR 2023

WALTHAM, MA, Dec. 07, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce the appointment of Dr. John M Albertine to the Board of Directors. Dr. Albertine has served on the Board of numerous public companies including Fruit of the Loom, Thermo Electron Corporation (now Thermo Fisher Corporation), American Precision Industries, Intersections Inc, DynaTech Corporation and Kadant inc.  He has also served as the Vice Chairman of the Fruit of the Loom Company and has served on two Presidential Commissions under President Reagan. Presently he is the CEO of Albertine Enterprises Inc. a public policy and advocacy firm based in Washington DC. He is also the Managing Partner at JJ&B an investment banking firm. Dr. Albertine has a Ph.D. in Economics from the University of Virginia and Doctor of Humanities (honorary) from King's College, PA. He was also the Chair of the Economics Department at the Mary Washington College of the University of Virginia and an Adjunct Professor at the US Marine Corps, Command and Staff College at Quantico.

Tecogen Appoints Dr. John M Albertine to Board of Directors

WALTHAM, MA, Nov. 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tecogen Inc.  (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce they will be exhibiting at the 11th Annual MJBizCon Exposition in Las Vegas on November 16-18, 2022.  Tecogen sales engineers will be on hand in  Booth 8158  meeting with new and existing customers to learn more about how Tecogen equipment can provide substantial cost savings and greenhouse gas benefits for controlled environment agriculture (CEA) facilities, and how new investment tax credits can offset upwards of 40% of the capital costs of Tecogen equipment.

Tecogen Exhibiting at MJBizCon in Las Vegas

Tecogen Inc. (OTC:TGEN) Q3 2022 Earnings Conference Call November 10, 2022 11:00 AM ET Company Participants Jack Whiting - General Counsel & Secretary Benjamin Locke - Chief Executive Officer Abinand Rangesh - Chief Financial Officer Conference Call Participants Bill Church - Tgra Capital Alex Blanton - Clear Harbor Asset Management Michael Zuk - Oppenheimer & Co. Operator Good morning and welcome to the Tecogen Third Quarter 2022 Conference Call. At this time, all participants are in a listen-only mode.

Tecogen Inc. (TGEN) Q3 2022 Earnings Call Transcript

Tecogen Inc. (TGEN) delivered earnings and revenue surprises of 50% and 4.23%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Tecogen Inc. (TGEN) Reports Q3 Loss, Misses Revenue Estimates

Q3 2022 revenue of $6.6 million, an increase of 31.9% QoQ and YTD 2022 revenue of $20.5 million, an increase of 18.9% YoY

Tecogen Announces Third Quarter 2022 Results

WALTHAM, MA, Nov. 08, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce a collaboration with GTI Energy for testing and validation of Tecogen's novel Hybrid Drive technology. The project, funded by Utilization Technology Development, NFP (“UTD”), will demonstrate key performance indicators for the Hybrid Drive air cooled (AC) chiller prototype currently under development at Tecogen such as capacity, efficiency, and real-time grid carbon intensity controls. It is anticipated that the testing will be completed in time for customer demonstration projects planned for the second half of 2023.

Tecogen Announces Collaboration With GTI Energy and UTD for Hybrid Drive Testing

WALTHAM, MA, Oct. 19, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tecogen Inc.  (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, will release Q3 2022 financial results on Thursday, November 10, 2022. The earnings press release and supplemental earnings call slides will be available on the Company's website at  www.Tecogen.com in the "Investor Relations" section under "Financial Results." Members of Tecogen's senior management will hold a conference call and webcast on the same day at 11:00 AM Eastern Time to discuss the Company's financial performance for Q3 2022.

Tecogen Schedules Earnings Release and Conference Call for Q3 2022 Results

WALTHAM, MA, Oct. 13, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tecogen Inc.  (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce a follow-on order of two additional Tecochill systems for a large municipality in Connecticut consisting of one 200 ton Tecochill system for an elementary school and one 50 ton Tecochill system for a separate elementary school.  In both cases the systems are part of a district-wide upgrade to provide air conditioning to schools that previously did not have central cooling. The two Tecochill units are in addition to three 400 ton Tecochill chiller systems  ordered by the district in July .  The order brings a total of 7 Tecochill units with a combined capacity of 1850 tons of Tecochill cooling for the municipality, which has been a Tecogen customer for over 20 years.

Tecogen Receives Follow-on Order from Connecticut Municipality

WALTHAM, MA, Sept. 27, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc.  (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce an order for two 125 kilowatt InVerde microgrid enabled cogeneration systems to a high school in Connecticut.  The units will provide a significant reduction in the electricity costs for the school, with the free waste heat used to reduce the operational cost of the school's existing heating system.  The systems are anticipated to be serviced from Tecogen's Connecticut service center in East Hartford, Connecticut.

Tecogen Receives 250 kW Microgrid System Order for Connecticut High School

WALTHAM, MA, Sept. 07, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tecogen Inc.  (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce an order for five Tecopower cogeneration units from a subsidiary of a multi-billion dollar Energy Services Company (ESCO).  The units are expected to be installed within the proximity of Tecogen's factory service centers, which are expected to provide long-term service of the units.

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