Tecogen Inc (AMEX:TGEN)

Q1 2026 Tecogen Inc Earnings Call Transcript

May 13, 2026 / 01:30 PM GMT

Release Date Price: $5.07 (+19.86%)

Transcript 10-Q8-K

Key Points

Positve

Tecogen Inc (TGEN) achieved a gross profit margin above 40% in Q1 2026, indicating improved profitability.
The company is experiencing a surge in demand for its chillers from non-data center customers, with over $8 million in projects approved.
Tecogen Inc (TGEN) has secured a significant purchase order from Vertiv, showcasing financial commitment and potential for future collaborations.
The company is hosting demonstrations for well-known data centers, indicating growing interest and potential for new business opportunities.
Management and directors of Tecogen Inc (TGEN) have shown confidence in the company's prospects by purchasing shares after the earnings report.

Negative

Total revenues for Q1 2026 decreased by 12.9% compared to the previous year, primarily due to a reduction in product revenue.
Gross profit decreased by nearly 20% due to lower product revenue and increased service and energy production costs.
Operating expenses increased by nearly 24% in Q1 2026, driven by higher costs in services, production, and R&D.
The net loss for the quarter increased to $2.2 million from $700,000 in the previous year, attributed to lower sales and increased operating costs.
The company's energy production gross margins decreased significantly due to higher natural gas costs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TGEN.A - Tecogen Inc
Q1 2026 Tecogen Inc Earnings Call
May 13, 2026 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the TCAGEN Q1 2026 conference call.

At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone needs to require operator assistance, please press star zero on your telephone keypad.

As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Jack Whiting, General Counsel and Secretary.

Thank you. You may begin.

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Unidentified_2 [2]
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Good morning. This is Jack Whiting, General Counsel and Secretary

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