Tecogen (TGEN) Reports Q2 Loss of $0.02/Share
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Tecogen Announces Second Quarter Earnings
August 6, 2015 8:02 AM EDTWALTHAM, Mass., Aug. 6, 2015 /PRNewswire/ -- Tecogen® Inc. (NASDAQ: TGEN), a manufacturer and installer of high efficiency, Ultra clean combined heat and power products including natural gas engine-driven cogeneration, air conditioning systems, and high-efficiency water heaters for industrial and commercial use, reported revenues of $6,383,831 for the quarter ended June 30, 2015 compared to $4,539,857 for the same period in 2014, an increase of 41%. Gross profit increased to $2,140,890 for the quarter ended June 30, 2015 compared to $1,348,673, an increase of 59%.
Major Highlights:
Financial
Gross margin in the second quarter 2015 increased to 33.5% compared to 29.7%... MoreIlios Earns Net Profit in Second Quarter
August 6, 2015 8:01 AM EDTWALTHAM, Mass., Aug. 6, 2015 /PRNewswire/ -- Ilios Dynamics Inc., a majority owned subsidiary of Tecogen® Inc. (NASDAQ: TGEN), a manufacturer and installer of high efficiency water heaters and natural gas heat pumps for industrial and commercial use, reported revenues of $889,894 for the six months ended June 30, 2015. Although the six months results show a loss, Ilios was profitable in the second quarter with a net income of $88,226.
Major Highlights:
Financial
During the second quarter, Ilios had its first positive quarterly net income. Previously announced review... More