Earnings ·
Tecogen reports Q2 revenue of $5.75M, down 21.2%, with net loss widening to $2.15M
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.