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Tecogen Inc (TGEN)
:TGEN
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: 195.56%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth opportunities in the data center segment and a major project win with the Las Vegas Convention Center, indicating potential for future revenue increases. However, the company faced a notable revenue decline and increased net losses due to cash constraints and reduced production capacity. While there are positive developments, current financial performance is under pressure.Company Guidance
During the Tecogen Third Quarter 2024 Earnings Call, CEO Abinand Rangesh provided guidance on the company's anticipated growth and financial projections. He highlighted that Tecogen's backlog had increased significantly from just over $5 million at the end of Q3 to more than $10 million, with expectations of an additional $2 million in orders before year-end. The company is forecasting quarterly revenues of over $6 million in Q4 2024 and more than $7 million in Q1 2025, with continued growth expected in subsequent quarters. Rangesh also mentioned plans to close their first data center project by early 2025, with data centers increasingly interested in Tecogen's high-efficiency natural gas chillers due to trends in AI and power consumption. Additionally, Tecogen's cash position at the end of Q3 was $1.2 million, anticipated to grow with upcoming customer deposits. To support these ambitions, Rangesh plans to raise $2 million through a private placement aimed at existing shareholders.Significant Backlog Increase
Backlog has grown from over $5 million at the end of Q3 to more than $10 million, with an expectation of an additional $2 million in orders before year-end.
Data Center Segment Opportunity
High interest in Tecogen's chiller solutions from data centers due to AI-driven power and cooling demands, presenting a significant growth opportunity.
Las Vegas Convention Center Project
Tecogen's chillers will be part of the central chiller plant for the Las Vegas Convention Center, representing a major project win.
Service Segment Improvement
Service gross margin increased by 5.5% to 44.4%, with efforts to reduce costs and improve service intervals expected to further enhance margins in 2025.
Energy Production Revenue Increase
Energy production revenue increased by 17% in Q3 due to restarting a previously dormant site and higher run hours.
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TGEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TGEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $0.90 | $0.91 | +1.11% |
| Aug 07, 2024 | $0.69 | $0.80 | +15.94% |
| May 08, 2024 | $0.68 | $0.70 | +2.94% |
| Mar 13, 2024 | $0.70 | $0.70 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tecogen Inc (TGEN) report earnings?
Tecogen Inc (TGEN) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Tecogen Inc (TGEN) earnings time?
Tecogen Inc (TGEN) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TGEN EPS forecast?
Currently, no data Available
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