Tecogen's First Quarter 2025 Financial Results Show Improvement

Tecogen Inc. has announced its first-quarter results for 2025, reporting a revenue of $7.28 million, up 17.6% from the same period in 2024. Despite a net loss of $0.66 million, losses narrowed from $1.10 million the previous year. The company highlighted an increase in product revenues, with a 69.9% rise due to chiller and cogeneration sales, while service revenues grew by 5.7%. However, energy production revenues saw a 26.7% decline.

CEO Abinand Rangesh noted improved financial metrics and strategic initiatives such as the recent listing on the NYSE American, which aims to boost stock liquidity and visibility. Gross margin rose to 44.3%, up from 41.6% last year. Operating expenses grew by $0.19 million, primarily due to R&D and recruitment costs. Adjusted EBITDA improved significantly, showing a reduced loss of $0.38 million against $0.90 million in 2024.

The company continues to focus on its data center strategy, promising updates on larger projects and partnerships. Cash and cash equivalents stood at $4.07 million at the end of the quarter.