Overview
Tecogen Q3 revenue rises 27.6% yr/yr, driven by increased product sales
Net loss for Q3 increases to $2.13 mln, impacted by higher operating expenses
Company invests $700k in new engines to improve service margins long-term
Outlook
Tecogen sees potential for increased chiller sales from data center developers
Company is investing in R&D to enhance natural gas cooling technology
Tecogen aims to improve service margins through product improvements
Result Drivers
PRODUCT SALES - Increased sales of chillers and cogeneration products drove revenue growth, with product revenue up 114.5% yr/yr
DATA CENTER INTEREST - Co reports growing interest from larger data center developers, potentially expanding chiller sales
R&D INVESTMENT - Increased R&D spend aimed at improving natural gas cooling technology and service intervals
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $7.18 mln | ||
Q3 Net Income | -$2.13 mln | ||
Q3 Gross Margin | 30.40% | ||
Q3 Income from Operations | -$2.10 mln | ||
Q3 Operating Expenses | $4.28 mln |
Press Release: ID:nACSCVvkna
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)