Tecogen Inc.TGEN
What Tecogen Inc. does.
Tecogen Inc., a Delaware corporation (together with its subsidiaries "we", "our", "us", "Tecogen," or "Company") produces commercial and industrial, natural-gas-fueled engine-driven, combined heat and power (CHP) products that reduce energy costs, decrease greenhouse gas emissions and alleviate congestion on the national power grid. Our products supply electric power or mechanical power for cooling, while heat from the engine is recovered and purposefully used at a customer facility. The majority of our customers are located in regions with the highest utility rates, typically California, the Midwest and the Northeast.
We were incorporated in the State of Delaware on September 15, 2020. We have two wholly-owned subsidiaries American DG Energy, Inc. ("ADGE") and Tecogen CHP Solutions, Inc.. In addition, we own a 51% interest in American DG New York, LLC ("ADGNY"), a joint venture. ADGE and ADGNY distribute, own, and operate clean, on-site energy systems that produce electricity, hot water, heat and cooling. ADGE and ADGNY own the equipment that is installed at customers' facilities and sell the energy produced to the customer on a long-term contractual basis.
• Services Segment - provides operations and maintenance ("O&M") services for our products under long term service contracts; and
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $28.3M | $24.4M | $25.0M | $25.1M | $22.6M | $27.1M |
| Net income | -$6.2M | $3.7M | -$2.4M | -$4.6M | -$4.8M | -$8.2M |
| Free cash flow | $1.3M | $373,582 | -$1.7M | -$864,661 | $3.1M | -$10.3M |
More on TGEN.
- Tecogen Inc. summary
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- Tecogen Inc. earnings
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- Tecogen Inc. ownership and insiders
- Tecogen Inc. peers
Figures from Tecogen Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.