Tecogen Announces Fourth Quarter 2023 Results

March 13, 2024

Q4 2023 Revenue of $5.9 Million, an Increase of 30.2% QoQ        

WALTHAM, MA, March 13, 2024 (GLOBE NEWSWIRE) — via NewMediaWire –Tecogen Inc. (OTCQX:TGEN), a leading manufacturer of clean energy products, reported revenues of $5.9 million and a net loss of $1.8 million for the quarter ended December 31, 2023 compared to revenues of $4.5 million, and a net loss of $1.4 million in 2022. The increase in net loss was primarily driven by an increase in bad debt reserves for installation projects from 2017 an increase in reserves for obsolete inventory.

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