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Tecogen (TGEN)
OTHER OTC:TGEN
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.07Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 17, 2025
|% Change Since: -20.23%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments and challenges. On one hand, the partnership with Vertiv, increased recurring revenue, and improved gross margins point to a strong strategic direction and operational efficiency. On the other hand, the company faced a decline in annual revenue and increased losses due to operational disruptions and one-time charges. The sentiment is balanced with significant potential for growth offset by short-term financial challenges.Company Guidance
During Tecogen's year-end 2024 conference call, several key metrics and forward-looking statements were highlighted. The company reported a strong backlog of $12.2 million, an increase from the previous quarter, and recurring revenue from service and energy exceeding $18 million for the year. Tecogen's fourth-quarter revenues were $6.1 million, aligning with their forecast and marking a 3% increase from the previous year. The gross profit margin rose by five percentage points to 45%, despite increased operating expenses due to a $109,000 credit loss reserve and a $217,000 goodwill impairment charge. The company maintained a cash position exceeding $5 million at year-end. Looking ahead, Tecogen anticipates higher revenues in 2025, driven by product revenue growth and an exciting partnership with Vertiv, which is expected to enhance their market presence in the data center cooling sector. Additionally, the company's EBITDA and adjusted EBITDA losses for Q4 2024 were $1 million and $692,000, respectively, showing improvement from the previous year's losses.Sales and Marketing Agreement with Vertiv
Tecogen signed a sales and marketing agreement with Vertiv, a leader in thermal management for data centers. This partnership is expected to significantly enhance Tecogen's sales strategy and market reach, particularly in the data center segment.
Increased Recurring Revenue
Recurring revenue from service and energy increased to over $18 million for 2024, showcasing a strong growth trajectory in these segments.
Gross Profit Margin Improvement
Gross profit margin increased by five percentage points to 45%, indicating improved operational efficiencies.
Cash Position and Customer Deposits
Year-end cash position was greater than $5 million, bolstered by significant customer deposits.
Backlog and Revenue Growth Prospects
Tecogen's backlog increased to $12.2 million, with expectations of $3 million more in project closures in the coming months, indicating strong future revenue potential.
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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 |
|---|---|---|---|
| Mar 17, 2025 | $2.57 | $2.15 | -16.34% |
| 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% |
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 (TGEN) report earnings?
Tecogen (TGEN) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Tecogen (TGEN) earnings time?
Tecogen (TGEN) earnings time is at May 08, 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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