Tue, May 13, 9:38 PM (30 days ago)
**Tecogen Inc. (TGEN) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $7,277,770 (up 17.6% YoY) - Products: $2,533,809 (up 69.9% YoY) - Services: $4,245,022 (up 5.7% YoY) - Energy Production: $498,939 (down 26.7% YoY) - **Gross Profit:** $3,221,040 (44.3% margin) - **Operating Loss:** $594,244 (improved from $1,049,885 loss in Q1 2024) - **Net Loss:** $660,489 (improved from $1,087,616 loss in Q1 2024) - **Cash Flow from Operations:** -$1,173,403 (down from $248,216 in Q1 2024) - **Cash & Equivalents:** $4,066,793 (down 24.8% from Q4 2024) **Key Metrics & Trends:** - **Backlog:** $9,522,015 (up from $5,554,599 in Q1 2024) - **Gross Margins:** Improved across all segments - Products: 41.3% (up from 29.6%) - Services: 46.8% (down from 47.9%) - Energy Production: 37.9% (up from 31.1%) - **Operating Expenses:** $3,815,284 (up 5.2% YoY) - **Liquidity:** Management believes current resources will meet working capital needs for the next 12 months **Uncertainties & Future Operations:** - **Market Risks:** Anti-fossil fuel sentiment, utility power constraints, geopolitical tensions - **Operational Risks:** Supply chain issues, labor and material cost increases - **Financial Risks:** Need for additional financing, potential cost-cutting measures if financing is not secured **Segment Performance:** - **Products:** Strong growth in chiller and cogeneration sales - **Services:** Steady growth, impacted by higher labor and material costs - **Energy Production:** Decline due to contract expirations and site shutdowns **Management's Outlook:** - Focus on expanding markets, improving margins, and securing additional financing if needed - Continued development of hybrid-drive air-cooled chillers and other innovative products - Monitoring geopolitical and regulatory environments for potential impacts on business