Earnings ·
Tecogen Inc. reported second quarter 2026 financial results for the period ended June 30, 2026
TGENTecogen Inc.
Tecogen Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Total revenues decreased 21.2% to $5.75 million from $7.29 million in the prior year period, driven by a 64.0% drop in product sales to $1.13 million, partially offset by a 10.3% increase in service revenue to $4.38 million. The company reported a net loss of $2.15 million, or $(0.07) per share, compared to a net loss of $1.46 million, or $(0.06) per share, in the same period last year. For the six months ended June 30, 2026, revenues were $12.08 million with a net loss of $4.27 million. Cash and cash equivalents stood at $6.78 million at quarter-end. The company highlighted strategic progress in targeting hyperscale data centers, having hosted twelve product demonstrations representing over eight gigawatts of capacity, while maintaining an approximately $8 million non-data center backlog. Tecogen Inc. designs, manufactures, sells, installs, and maintains high-efficiency cogeneration products, including engine-driven combined heat and power systems and air conditioning units.