Tecogen Inc. (TGEN) Financial Statements (2024 and earlier)

Company Profile

Business Address 45 FIRST AVENUE
WALTHAM, MA 02451
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3585 - Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9143,6141,4908782731,673
Cash and cash equivalents1,9143,6141,4908782731,673
Receivables6,7148,4828,67114,56914,18610,122
Inventory, net of allowances, customer advances and progress billings10,4837,7657,1696,4056,2955,131
Inventory10,4837,7657,1696,4056,2955,131
Contract with customer, asset, after allowance for credit loss1,8053,2584,267  
Other undisclosed current assets1,1141,8555976,0575,6154,735
Total current assets:22,03124,97522,19427,90926,36921,661
Noncurrent Assets
Operating lease, right-of-use asset1,2461,8691,6332,174
Property, plant and equipment1,4081,7832,2843,46611,27312,266
Intangible assets, net (including goodwill)3,4043,5873,7666,87611,86916,262
Goodwill2,4062,4062,4065,2828,97513,366
Intangible assets, net (excluding goodwill)9981,1811,3601,5942,8942,896
Other noncurrent assets165148196692394483
Other undisclosed noncurrent assets   0   
Total noncurrent assets:6,2227,3877,87913,20723,53629,010
TOTAL ASSETS:28,25332,36230,07441,11749,90450,671
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,6465,8526,1777,8718,6816,512
Accounts payable3,2623,5084,1835,2727,1535,095
Accrued liabilities2,3842,3441,9932,5991,5281,417
Deferred revenue1,1161,9581,2942,636
Debt   838   
Business combination, contingent consideration, liability      
Deferred revenue and credits2,5081,294
Due to related parties     52
Other liabilities688641507536  
Other undisclosed current liabilities237330 2,4022,009850
Total current liabilities:7,6868,7818,81513,44613,1988,708
Noncurrent Liabilities
Long-term debt and lease obligation   1,036   
Long-term debt, excluding current maturities   1,036   
Liabilities, other than long-term debt9951,5241,3381,7832,376538
Deferred revenue and credits2,376538
Deferred revenue372208115145
Other liabilities6231,3151,2221,638  
Operating lease, liability    
Business combination, contingent consideration, liability      
Other undisclosed noncurrent liabilities5849291,6172,5356,2937,730
Total noncurrent liabilities:1,5792,4533,9914,3188,6688,268
Total liabilities:9,26511,23412,80617,76321,86716,976
Equity
Equity, attributable to parent19,09421,20817,31023,26827,78333,240
Common stock252525252525
Additional paid in capital57,35157,01756,81456,62256,42856,176
Accumulated other comprehensive loss      (165)
Accumulated deficit(38,282)(35,834)(39,530)(33,379)(28,670)(22,796)
Equity, attributable to noncontrolling interest(107)(80)(42)85255456
Total equity:18,98821,12817,26723,35328,03833,695
TOTAL LIABILITIES AND EQUITY:28,25332,36230,07441,11749,90450,671

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues25,00324,39828,25533,42635,88433,203
Revenue, net35,88433,203
Cost of revenue
(Cost of Goods and Services Sold)
(13,936)(12,810)(17,427)(20,948)(22,292)(20,248)
Gross profit:11,06711,58810,82812,47913,59212,954
Operating expenses(13,416)(12,807)(16,788)(17,137)(19,130)(12,729)
Operating income (loss):(2,349)(1,219)(5,960)(4,659)(5,538)225
Nonoperating income (expense)(32)4,980(252)   
Loss on contract termination (5)(7)(252)   
Interest and debt expense(16)3,759(126)(102)(120)(155)
Income (loss) from continuing operations before equity method investments, income taxes:(2,398)7,519(6,338)(4,760)(5,658)70
Other undisclosed income (loss) from continuing operations before income taxes   (19)(110)28
Income (loss) from continuing operations before income taxes:(2,398)7,519(6,338)(4,779)(5,768)98
Income tax expense(16)(19)(30)(15)(33) 
Income (loss) from continuing operations:(2,414)7,500(6,368)(4,794)(5,801)98
Income (loss) before gain (loss) on sale of properties:7,500(6,368)(4,794)(5,801)98
Other undisclosed net income (loss)16(3,759)151   
Net income (loss):(2,398)3,741(6,217)(4,794)(5,801)98
Net income (loss) attributable to noncontrolling interest(50)(45)678593(50)
Net income (loss) available to common stockholders, diluted:(2,448)3,696(6,151)(4,709)(5,709)47

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(2,398)3,741(6,217)(4,794)(5,801)98
Other comprehensive loss  (37)(98)(20) (118)
Other undisclosed comprehensive loss      (47)
Comprehensive income (loss):(2,398)3,704(6,316)(4,814)(5,801)(68)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(50)(45)678593(50)
Comprehensive income (loss), net of tax, attributable to parent:(2,448)3,659(6,249)(4,729)(5,709)(118)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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