Tecogen Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $27.1M | $22.6M | $25.1M | $25.0M | $24.4M | $28.3M | $33.4M | $35.9M |
| Cost of Revenue | $17.2M | $12.7M | $14.9M | $13.9M | $12.8M | $17.4M | $20.9M | $22.3M |
| Gross Profit | $9.8M | $9.9M | $10.2M | $11.1M | $11.6M | $10.8M | $12.5M | $13.6M |
| Gross Margin | 36.3% | 43.6% | 40.6% | 44.3% | 47.5% | 38.3% | 37.3% | 37.9% |
| Operating Expenses | ||||||||
| Research & Development | $1.2M | $961.8K | $840.0K | $732.9K | $542.1K | $767.3K | $1.5M | $1.3M |
| SG&A Expense | $13.5M | $11.4M | $11.9M | $10.9M | $9.8M | $16.8M | $17.1M | $19.1M |
| Operating Income | $-8.2M | $-4.5M | $-4.4M | $-2.3M | $-1.2M | $-6.0M | $-4.7M | $-5.5M |
| Operating Margin | -30.5% | -20.0% | -17.6% | -9.4% | -5.0% | -21.1% | -13.9% | -15.4% |
| Interest Expense | — | — | $16.1K | $16.3K | $14.2K | $125.8K | $101.9K | $120.0K |
| Pretax Income | $-8.2M | $-4.7M | $-4.5M | $-2.4M | $3.8M | $-6.2M | $-4.8M | $-5.8M |
| Income Tax Expense | $20.6K | $22.6K | $32.5K | $16.4K | $19.5K | $30.2K | $15.2K | $32.7K |
| Net Income | $-8.2M | $-4.8M | $-4.6M | $-2.4M | $3.7M | $-6.2M | $-4.7M | $-5.7M |
| Net Margin | -30.5% | -21.0% | -18.3% | -9.8% | 15.1% | -21.8% | -14.1% | -15.9% |
| EPS (Basic) | $-0.30 | $-0.19 | $-0.19 | $-0.10 | $0.15 | $-0.25 | $-0.19 | $-0.23 |
| EPS (Diluted) | $-0.30 | $-0.19 | $-0.19 | $-0.10 | $0.15 | $-0.25 | $-0.19 | $-0.23 |
| Shares Outstanding (Basic) | 27.2M | 24.9M | 24.9M | 24.9M | 24.9M | 24.9M | 24.8M | 24.8M |
| Shares Outstanding (Diluted) | 27.2M | 24.9M | 24.9M | 24.9M | 25.1M | 24.9M | 24.8M | 24.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |