Overview
US clean energy products maker's Q4 revenue fell 12.5% yr/yr, net loss widened
Revenue decline due to reduced chiller and cogeneration sales in Q4
Wider net loss driven by increased operating expenses and asset impairment
Outlook
Company did not provide specific guidance for current or future periods
Result Drivers
PRODUCT REVENUE DROP - Q4 revenue decline attributed to reduced chiller and cogeneration sales
HIGHER OPERATING EXPENSES - Increased payroll, benefits, recruitment, freight costs, sales commissions, and asset impairment drove up operating expenses
GROSS MARGIN PRESSURE - Gross margin declined due to increased labor and material costs in Services and lower Energy Production margins
Company press release: ID:nACShdLRra
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | $5.32 mln | ||
Q4 Net Income | -$3.99 mln | ||
Q4 Gross Margin | 36.8% | ||
Q4 Income from Operations | -$4.14 mln | ||
Q4 Operating Expenses | $6.1 mln |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Tecogen Inc is $15.00, about 428.2% NOT AVAILABLE its March 17 closing price of $2.84
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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