Mar. 17 at 10:39 PM
$TGEN Tecogen reports Q4 EPS (13c) with items vs. (5c) last year
Reports Q4 revenue
$5.32M vs.
$6.08M last year. Q4 EPS includes the impairment of goodwill and long-lived assets, increased operating expenses and decreased gross profit from our Services segments. Abinand Rangesh, CEO of Tecogen, commented "during the upcoming call, I will provide some significant positive updates that will include the scale of the Vertiv opportunity pipeline for our chillers, the status of our own data center opportunities and an upcoming pilot project.
On other positive news, our revenue grew 20% year on year. Although our loss widened and cash burn increased, this was because of critical expenses needed to expand margins in the service business and to develop the data center opportunities including expanding manufacturing capacity, R&D on our data center dual power source chiller and marketing."
