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Second-quarter results weakened: Revenue fell 21% to $5.8 million and net loss widened to $2.2 million, primarily due to a 64% decline in product sales. Gross margin nevertheless improved to 37.8% from 33.8%.
Data-center interest is growing: Tecogen conducted 12 demonstrations for operators representing more than 8 gigawatts of existing capacity, with management reporting positive feedback and preparing inventory of dual-power chillers and generation modules.
Backlog supports a potential third-quarter rebound: Base-business backlog exceeded $8 million, with another $2 million to $3 million of projects expected to close in coming months. Service revenue rose 10%, while cost reductions and expected product-sales growth could improve upcoming results.
Tecogen (OTCMKTS:TGEN) reported lower second-quarter revenue and a wider net loss as product sales declined from the prior-year period, while management highlighted increased engagement with large data-center operators and a growing base-business backlog.
#million #backlog #second
Second-quarter results weakened: Revenue fell 21% to $5.8 million and net loss widened to $2.2 million, primarily due to a 64% decline in product sales. Gross margin nevertheless improved to 37.8% from 33.8%.
Data-center interest is growing: Tecogen conducted 12 demonstrations for operators representing more than 8 gigawatts of existing capacity, with management reporting positive feedback and preparing inventory of dual-power chillers and generation modules.
Backlog supports a potential third-quarter rebound: Base-business backlog exceeded $8 million, with another $2 million to $3 million of projects expected to close in coming months. Service revenue rose 10%, while cost reductions and expected product-sales growth could improve upcoming results.
Tecogen (OTCMKTS:TGEN) reported lower second-quarter revenue and a wider net loss as product sales declined from the prior-year period, while management highlighted increased engagement with large data-center operators and a growing base-business backlog.
#million #backlog #second
2 months ago
