OverviewSuggest Edit

Tecogen is a leading manufacturer of combined heat and power products including natural gas engine-driven cogeneration, air conditioning systems and high efficiency water heaters for industrial and commercial use. Tecogen systems supply electric power, cooling or hot water while thermal energy from the engine is recovered and recycled resulting in reductions in both energy costs and greenhouse gas emissions.



TypePublic
Founded2000
HQWaltham, US
Websitetecogen.com

Latest Updates

Employees (est.) (Dec 2018)92(+2%)
Job Openings2
Revenue (FY, 2019)$33.4 M(-6%)
Share Price (Oct 2020)$1.2 (+15%)
Cybersecurity ratingBMore

Key People/Management at Tecogen

Benjamin M. Locke

Benjamin M. Locke

Chief Executive Officer, Principal Financial Officer, Treasurer and Director
Angelina M. Galiteva

Angelina M. Galiteva

Chairperson of the Board and Director
Robert A. Panora

Robert A. Panora

Chief Operations Officer
John N. Hatsopoulos

John N. Hatsopoulos

Lead Director
Joseph Gehret

Joseph Gehret

Chief Technology Officer
Ahmed F. Ghoniem

Ahmed F. Ghoniem

Director
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Tecogen Office Locations

Tecogen has offices in Waltham and Portland
Waltham, US (HQ)
45 1st Ave
Portland, US
2245 NW 111th Ave
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Tecogen Financials and Metrics

Tecogen Revenue

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Tecogen's revenue was reported to be $33.43 m in FY, 2019
USD

Revenue (Q2, 2020)

7.4m

Gross profit (Q2, 2020)

2.9m

Gross profit margin (Q2, 2020), %

39.1%

Net income (Q2, 2020)

(647.8k)

EBIT (Q2, 2020)

(499.9k)

Market capitalization (14-Oct-2020)

29.6m

Closing stock price (14-Oct-2020)

1.2

Cash (30-Jun-2020)

2.9m

EV

28.6m
Tecogen's current market capitalization is $29.6 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

15.3m15.8m19.3m21.4m24.5m33.2m35.9m33.4m

Revenue growth, %

22%11%14%

Cost of goods sold

9.4m10.8m12.9m13.8m15.2m20.2m22.3m20.9m

Gross profit

5.9m5.0m6.4m7.6m9.3m13.0m13.6m12.5m
Quarterly
USDQ2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

2.8m2.9m4.2m4.5m4.2m6.1m6.4m4.7m5.1m5.7m6.6m6.8m7.6m8.5m10.2m8.5m7.9m8.2m7.9m8.7m8.0m7.4m

Cost of goods sold

2.0m1.8m2.8m3.2m3.1m4.2m3.0m3.4m3.6m3.8m3.9m4.6m5.2m6.3m5.3m5.1m5.2m4.4m5.8m5.2m4.5m

Gross profit

813.9k1.1m1.4m1.3m1.1m2.1m1.7m1.7m2.1m2.8m2.9m3.0m3.3m3.8m3.2m2.9m3.0m3.4m2.8m2.8m2.9m

Gross profit Margin, %

29%38%34%30%26%34%36%34%37%42%43%39%38%38%37%36%36%44%33%35%39%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.6m7.7m1.2m5.5m3.7m1.7m272.6k877.7k

Accounts Receivable

2.7m3.7m4.8m5.3m8.6m9.5m14.2m14.6m

Prepaid Expenses

402.8k340.0k348.9k353.1k771.5k722.0k635.0k

Inventories

3.4m3.3m4.1m5.7m4.8m5.1m6.3m6.4m
USDFY, 2012

Financial Leverage

1.9 x
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Tecogen Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Tecogen Online and Social Media Presence

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Tecogen News and Updates

Tecogen Announces Additional Sales of Eco-Friendly TecoChill Systems

WALTHAM, MA - (NewMediaWire) - October 08, 2020 - Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce multiple sales of TecoChill® STx series chillers, including a 200 ton TecoChill for a school…

Tecogen Announces Order for TecoChill® Air-Cooled Chiller

WALTHAM, MA, Oct. 06, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce the sale of a TecoChill® CH-50 air-cooled chiller to a large residential fa…

Tecogen Announces Order for Tecofrost Refrigeration Compressor

WALTHAM, MA, Sept. 30, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce the sale of a Tecofrost natural gas engine driven refrigeration compressor…

Tecogen Announces Issuance of Two Additional US Patents Protecting Its Ultera Emissions Reduction Technology

WALTHAM, MA, Sept. 24, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce that on September 15, 2020 the US Patent and Trademark Office issued two a…

Tecogen Receives Order for Multiple Ultera Emission Reduction Systems for Municipal Water Pumping Installation in Southern California

WALTHAM, MA - (NewMediaWire) - September 22, 2020 -  Tecogen Inc. (OCTQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, is pleased to announce the sale of two of its proprietary Ultera emissions reduction systems for use by the …

Tecogen Receives Order for Trigeneration Project in Manhattan

WALTHAM, MA, Sept. 17, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce an order for three InVerde e+ microgrid enabled cogeneration units for ins…
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Tecogen Blogs

Tecogen to Transition Listing of Shares to OTC Markets

WALTHAM, MA / ACCESSWIRE / May 29, 2020 / Tecogen Inc. (NASDAQ:TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, today notified The Nasdaq Stock Market LLC that Tecogen is voluntarily de-listing its shares of common stock from The Nasdaq …

Tecogen Publishes Electrification Policy Paper

WALTHAM, MA / ACCESSWIRE / May 26, 2020 / Tecogen Inc. (NASDAQ:TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce the publication of a white paper entitled "Building Electrification Policy and Combined Heat and Power…

Tecogen Secures Maintenance Contract with Toronto Recreational Facility

WALTHAM, MA / ACCESSWIRE / May 14, 2020 / Tecogen Inc. (NASDAQ:TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce it has signed a two year maintenance contract for 4 InVerde e+ systems with a recreational facility in…

Tecogen Announces First Quarter 2020 Results

Increase in Product and Services Revenues of 4% Year over Year WALTHAM, MA / ACCESSWIRE / May 14, 2020 / Tecogen Inc. (NASDAQ:TGEN), a leading manufacturer of clean energy products, reported revenues of $7.96 million for the quarter ended March 31, 2020 compared to $8.18 million for the same period …

Tecogen Receives Tecochill Order for Florida Gas Company

WALTHAM, MA / ACCESSWIRE / May 7, 2020 / Tecogen Inc. (NASDAQ:TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce an order for a Tecochill® CH-50 air-cooled chiller from a municipal gas utility in Florida. The system …

Tecogen Receives Multiple InVerde Orders for New York City Residential Buildings

WALTHAM, MA / ACCESSWIRE / April 30, 2020 / Tecogen Inc. (NASDAQ:TGEN), a clean energy company providing ultra-efficient on-site power, heating and cooling equipment, is pleased to announce orders for multiple InVerde microgrid enabled cogeneration systems from two separate multi-unit residential bu…
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Tecogen Frequently Asked Questions

  • When was Tecogen founded?

    Tecogen was founded in 2000.

  • Who are Tecogen key executives?

    Tecogen's key executives are Benjamin M. Locke, Angelina M. Galiteva and Robert A. Panora.

  • How many employees does Tecogen have?

    Tecogen has 92 employees.

  • What is Tecogen revenue?

    Latest Tecogen annual revenue is $33.4 m.

  • What is Tecogen revenue per employee?

    Latest Tecogen revenue per employee is $363.3 k.

  • Who are Tecogen competitors?

    Competitors of Tecogen include Turntide Technologies, Guangzhou Devotion Thermal Technology and Fourth Partner Energy.

  • Where is Tecogen headquarters?

    Tecogen headquarters is located at 45 1st Ave, Waltham.

  • Where are Tecogen offices?

    Tecogen has offices in Waltham and Portland.

  • How many offices does Tecogen have?

    Tecogen has 2 offices.