Tecogen Announces Third Quarter 2024 Results [Yahoo! Finance]
TECOGEN INC (TGEN)
Last tecogen inc earnings: 3/12 09:30 am
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Source: Yahoo! Finance
of $5.63 million and net loss of $0.93 million for the quarter ended September 30, 2024 compared to revenues of $7.11 million, and a net loss of $0.48 million in 2023. We used $117 thousand in cash from operations and $839 thousand in property plant and equipment during the nine months ended September 30, 2024. Our cash balance was $1.28 million at September 30, 2024, which reflects $1.0 million of additional funding provided by related parties in the three months ended September 30, 2024. "Our business development efforts over the last 15 months are showing results. Our backlog has jumped to $10.8m and we expect further orders before year end. Our cash resources and the short term increase in working capital needed to restart production limited our revenue for Q3, but now we expect to see sequential increases in revenue and product shipments each quarter." "We are also making progress towards closing our first data center projects by early 2025. Data centers are shifting towards
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TGEN
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 9/27/24 - Form 4
- TGEN's page on the SEC website