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.

Tecogen Inc. Board of Directors approved equity awards and salary increases for several named executive officers on June 26, 2026. CEO Abinand Rangesh received 174,081 shares of restricted stock and 26,041 incentive stock options at an exercise price of $5.17 per share, alongside a 5% base salary increase to $220,500. Other executive officers, including Robert A. Panora, Roger Deschenes, and Stephen Lafaille, received restricted stock awards and base salary increases of 3%. Tecogen Inc. is an energy technology company that provides distributed energy solutions.