Tecogen Announces First Quarter 2018 Results
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Tecogen (TGEN) Misses Q1 EPS by 1c, Beats on Revenues
May 15, 2018 9:04 AM EDTTecogen (NASDAQ: TGEN) reported Q1 EPS of $0.00, $0.01 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $10.18 million versus the consensus estimate of $9.43 million.
Major Highlights:
Financial
Consolidated gross profit for the first quarter of 2018 was $3,837,803 compared to $2,914,673 in the first quarter of 2017, an increase of 31.7%, or $923,130, in gross profit year over year.On a combined basis, operating expenses rose to $3,766,897 for the first quarter of 2018 from $2,836,971 in the first quarter of 2017.... More