Tecogen Announces First Quarter 2024 Results
Tecogen Announces First Quarter 2024 Results
Revenues of $6.2 million - 15% QoQ increase
營業收入爲620萬美元，環比增長15%。
NORTH BILLERICA, MA / ACCESSWIRE / May 8, 2024 / Tecogen Inc. (OTCQX:TGEN), a leading manufacturer of clean energy products, reported revenues of $6.2 million and net loss of $1.1 million for the quarter ended March 31, 2024 compared to revenues of $5.4 million, and a net loss of $1.5 million in 2023. We generated $0.2 million in cash from operations during the quarter and ended the quarter with a cash balance of $1.5 million.
馬薩諸塞州北比利卡 / ACCESSWIRE / 2024年5月8日 / Tecogen，一家領先的清潔能源產品製造商，報告2024年3月31日結束的季度營業收入爲620萬美元，淨虧損爲110萬美元，而2023年同期營業收入爲540萬美元，淨虧損爲150萬美元。本季度我們的經營活動現金流爲200萬美元，期末現金餘額爲150萬美元。
"In Q1 2024 had record service revenue of $4m, a 28% increase from the same period last year. We also had positive cash flow from operations. Our total revenue was also up 15% QoQ. Our cash position at the end of Q1 was $1.5m and we haven't drawn further into our line of credit. During the call I will update investors on our factory move, the service agreements we acquired in Q1 and our new marketing efforts," commented Abinand Rangesh, Tecogen's Chief Executive Officer.
Tecogen首席執行官Abinand Rangesh評論道：“2024年第一季度，我們的服務營收創紀錄，達到400萬美元，同比增長28%。我們也有正向的現金流。總營收也環比增長15%。第一季度結束時，我們的現金頭寸爲150萬美元，並且我們沒有透支我們的貸款額度。在會議中，我將向投資者更新我們的工廠搬遷情況，我們在第一季度獲得的服務合同以及我們的新營銷努力。”
Key Takeaways
要點
Net Loss and Earnings Per Share
淨虧損和每股收益
- Net loss in Q1 2024 was $1.1 million compared to a net loss of $1.5 million in Q1 2023, a decrease of $0.4 million, due to increased revenue and gross profit for our Products and Services segments, partially offset by increased operating expenses.
- EPS was $(0.04)/share and $(0.06)/share in Q1 2024 and Q1 2023, respectively.
- 由於產品和服務部門收入和毛利潤的增加，部分抵消了營業費用的增加，2024年第一季度淨虧損爲110萬美元，而2023年第一季度淨虧損爲150萬美元，下降了400,000美元。
- 2024年第一季度的每股收益分別爲$(0.04)/股和2023年第一季度的$(0.06)/股。
Loss from Operations
經營虧損
- Loss from operations for the three months ended March 31, 2024 was $1.0 million compared to a loss from operations of $1.4 million for the same period in 2023, a decrease of $0.4 million,primarily due to increased revenue and gross profit for our Products and Services segments, partially offset by increased operating expenses.
- 2024年3月31日結束的三個月的營業虧損爲100萬美元，而2023年同期的營業虧損爲140萬美元，下降了400,000美元，主要因爲產品和服務領域收入和毛利潤的增加，部分抵消了營業費用的增加。
Revenues
收入
- Revenues for the quarter ended March 31, 2024 were $6.2 million compared to $5.4 million for the same period in 2023, a 15.0% increase.
- Product revenue was $1.5 million in Q1 2024 compared to $1.7 million in the same period in 2023, a decrease of 12.8%, due to decreased sales of chiller units.
- Services revenue was $4.0 million in Q1 2024 compared to $3.1 million in the same period in 2023, an increase of 28.0%, primarily due to the addition of $0.8 million in revenue from the acquired Aegis maintenance contracts.
- Energy Production revenue was $680 thousand in Q1 2024 compared to $534 thousand in the same period in 2023, an increase of 27.5% due to increased run hours.
- 2024年3月31日結束的季度營業收入爲620萬美元，而2023年同期爲540萬美元，環比增長15.0%。
- 2024年第一季度產品營收爲150萬美元，而2023年同期爲170萬美元，下降了12.8％，主要是由於蒸發器出售的減少。
- 2024年第一季度服務營收爲400萬美元，而2023年同期爲310萬美元，同比增長28.0％，主要是由於收購Aegis維護合同增加了800,000美元的收入。
- 2024年第一季度能源生產營收爲68萬美元，而2023年同期爲53.4萬美元，同比增長27.5％，主要是由於運行時間的增加。
Gross Profit
毛利潤
- Gross profit for the first quarter of 2024 was $2.6 million compared to $2.1 million in the first quarter of 2023. Gross margin increased to 41.6% in the first quarter compared to 38.9% for the same period in 2023. The increase in gross profit margin was driven by increased service contract revenues.
- 2024年第一季度毛利潤爲260萬美元，而2023年同期爲210萬美元。毛利率比2023年同期的38.9%上升至41.6％。毛利潤率的增加源於服務合同收入的增加。
Operating Expenses
研究和開發
- Operating expenses increased by 2.4% to $3.6 million for the first quarter of 2024 compared to $3.5 million in the same period in 2023, due primarily to duplicate rent costs, during the transition to our new facility in Q1 2024.
- 2024年第一季度營業費用爲360萬美元，而2023年同期爲350萬美元，增加了2.4％，主要是由於在2024年第一季度過渡期間的房租重疊費用。
Adjusted EBITDA (1) was negative $0.9 million for the first quarter of 2024 compared to negative $1.3 million for the first quarter of 2023. (Adjusted EBITDA is defined as net income or loss attributable to Tecogen, adjusted for interest, income taxes, depreciation and amortization, stock-based compensation expense, unrealized gain or loss on investment securities, goodwill impairment charges and other non-cash non-recurring charges or gains including abandonment of intangible assets and the extinguishment of debt. See the table following the Condensed Consolidated Statements of Operations for a reconciliation from net income (loss) to Adjusted EBITDA, as well as important disclosures about the company's use of Adjusted EBITDA).
調整後的EBITDA(1)2024年第一季度調整後的息稅折舊及攤銷前虧損爲負900萬美元，而2023年第一季度調整後的息稅折舊及攤銷前虧損爲負130萬美元。（調整後的EBITDA是淨收入或虧損，加上利息、所得稅、折舊和攤銷、現金股權報酬費用、未實現投資證券的收益或損失、商譽減值損失和其他非現金非經常性費用或收益，包括無形資產的廢棄和債務的終止。請參見摘要財務數據表，了解從淨收入（淨虧損）到EBITDA的調整說明，以及關於公司如何使用EBITDA的重要披露信息。）
Conference Call Scheduled for May 9, 2024, at 9:30 am ET
2024年5月9日上午9:30進行業績會議
Tecogen will host a conference call on May 9, 2024 to discuss the first quarter results beginning at 9:30 am eastern time. To listen to the call please dial (888) 428-7458 within the U.S. and Canada, or (862) 298-0702 from other international locations . Participants should ask to be joined to the Tecogen First Quarter 2024 earnings call. Please begin dialing 10 minutes before the scheduled starting time. The earnings press release will be available on the Company website at in the "News and Events" section under "About Us." The earnings conference call will be webcast live . To view the associated slides, register for and listen to the webcast, go to . Following the call, the recording will be archived for 14 days.
Tecogen將於2024年5月9日舉行業績會議，美國東部時間上午9:30開始。請撥打美國和加拿大內部電話(888) 428-7458，或其他國際地區電話(862) 298-0702，參加Tecogen第一季度2024年業績電話會議。參會者應該要求加入Tecogen第一季度2024年業績電話會議。請在預定開始時間前10分鐘開始撥號。公司的收益新聞稿將在公司網站上發佈，在“新聞與事件”部分的“關於我們”下。收益電話會議將現場網絡直播。要查看相關幻燈片，請註冊並收聽網絡廣播，請轉到 。電話會議結束後，錄音將在14天內歸檔。
The earnings conference call will be recorded and available for playback one hour after the end of the call. To listen to the playback, dial (877) 660-6853 within the U.S. and Canada , or (201) 612-7415 from other international locations and use Conference Call ID#: 13672659.
收益電話會議將在通話結束後一個小時錄製並供回放。要收聽回放，請撥打美國和加拿大的電話號碼(877) 660-6853或其他國際地區的電話號碼(201) 612-7415，並使用會議號：13672659。
About Tecogen
關於Tecogen
Tecogen Inc. designs, manufactures, sells, installs, and maintains high efficiency, ultra-clean, cogeneration products including engine-driven combined heat and power, air conditioning systems, and high-efficiency water heaters for residential, commercial, recreational and industrial use. The company provides cost effective, environmentally friendly and reliable products for energy production that nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint.
Tecogen Inc.設計、製造、銷售、安裝和維護高效、超潔淨的聯合發熱式發電機組、空調系統和高效熱水器，用於住宅、商業、娛樂和工業用途。該公司爲產品的能源生產提供了環保、節能、成本效益高、可靠的解決方案，幾乎消除了排放污染物並顯著降低了客戶的碳足跡。Tecogen成立35年來已經出貨超過3200臺，由一支遍佈美國的工程、銷售和服務人員的建立網絡提供支持。
In business for over 35 years, Tecogen has shipped more than 3,200 units, supported by an established network of engineering, sales, and service personnel across the United States. For more information, please visit or contact us for a free Site Assessment.
Tecogen經營已超過35年， 獲得了社會的信賴和口碑，運作良好。Tecogen爲用戶提供了免費的現場評估。
Tecogen, InVerde e+, Tecochill, Tecopower, Tecofrost, Tecopack, and Ultera are registered trademarks of Tecogen Inc.
Tecogen、InVerde e +、Tecochill、Tecopower、Tecofrost、Tecopack和Ultera都是Tecogen公司的註冊商標。
Forward Looking Statements
前瞻性聲明
This press release and any accompanying documents, contain "forward-looking statements" which may describe strategies, goals, outlooks or other non-historical matters, or projected revenues, income, returns or other financial measures, that may include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," "target," "potential," "will," "should," "could," "likely," or "may" and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements.
本新聞稿及其附件包含“前瞻性聲明”，可能描述戰略、目標、前景等非歷史事項，或者預計營收、收入、回報或其他財務指標，其中可能包括“相信”、“期望”、“預計”、“打算”、“計劃”、“估計”、“項目”、“目標”、“潛在”、“將”、“應該”、“能夠”、“可能”等類似的表達，旨在確定前瞻性聲明。這些陳述僅爲預測，並涉及已知和未知的風險、不確定性和其他因素，這些因素可能導致我們的實際結果與此類前瞻性聲明所表達或暗示的結果有所不同。考慮到這些不確定性，您不應過分依賴這些前瞻性聲明。前瞻性聲明僅在其發佈的日期有效，我們不承擔更新或修訂任何前瞻性聲明的義務。
In addition to those factors described in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and on our Form 8-K, under "Risk Factors", among the factors that could cause actual results to differ materially from past and projected future results are the following: fluctuations in demand for our products and services, competing technological developments, issues relating to research and development, the availability of incentives, rebates, and tax benefits relating to our products and services, changes in the regulatory environment relating to our products and services, integration of acquired business operations, and the ability to obtain financing on favorable terms to fund existing operations and anticipated growth.
除了我們在10-K和10-Q編號表格中描述的那些因素和8-K表格中“風險因素”下的因素之外，導致實際結果與過去和預期的未來結果有所不同的因素包括：對我們的產品和服務需求的波動、競爭技術發展、與研究和開發相關的問題、與我們的產品和服務相關的激勵、折扣和稅收福利的可用性、與我們的產品和服務相關的監管環境的變化、收購業務運營的整合、以及獲取有利融資支持現有業務和預期增長的能力。
In addition to GAAP financial measures, this press release includes certain non-GAAP financial measures, including adjusted EBITDA which excludes certain expenses as described in the presentation. We use Adjusted EBITDA as an internal measure of business operating performance and believe that the presentation of non-GAAP financial measures provides a meaningful perspective of the underlying operating performance of our current business and enables investors to better understand and evaluate our historical and prospective operating performance by eliminating items that vary from period to period without correlation to our core operating performance and highlights trends in our business that may not otherwise be apparent when relying solely on GAAP financial measures.
除GAAP財務衡量指標外，本新聞稿還包括某些非GAAP財務衡量指標，包括調整後的EBITDA，其排除了展示中所述的某些費用。我們將調整後的EBITDA作爲業務運營績效的內部衡量標準，並且認爲呈現非GAAP財務衡量指標提供了對我們當前業務的基本運營績效的有意義的視角，使投資者能夠更好地理解和評估我們的歷史性和未來性的運營績效，該指標可以消除隨着時間的推移而變化，並與我們的核心運營績效無關的項目，並凸顯出業務中可能不明顯的趨勢，否則將只依靠GAAP財務衡量指標。
Tecogen Media & Investor Relations Contact Information:
Tecogen媒體和投資者關係聯繫信息：
Abinand Rangesh
P: 781-466-6487
E: Abinand.Rangesh@tecogen.com
Abinand Rangesh
電話：781-466-6487
電子郵件：Abinand.Rangesh@tecogen.com
TECOGEN INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited)
tecogen
簡明合併資產負債表
(未經審計)
|
March 31, 2024 |
December 31, 2023 |
|||||||
ASSETS |
||||||||
Current assets: |
||||||||
Cash and cash equivalents |
$ | 1,510,435 | $ | 1,351,270 | ||||
Accounts receivable, net |
6,533,130 | 6,781,484 | ||||||
Unbilled revenue |
1,258,532 | 1,258,532 | ||||||
Inventories, net |
10,021,002 | 10,553,419 | ||||||
Prepaid and other current assets |
409,573 | 360,639 | ||||||
Total current assets |
19,732,672 | 20,305,344 | ||||||
Long-term assets: |
||||||||
Property, plant and equipment, net |
1,147,069 | 1,162,577 | ||||||
Right of use assets |
2,176,264 | 943,283 | ||||||
Intangible assets, net |
2,533,112 | 2,436,230 | ||||||
Goodwill |
2,646,194 | 2,743,424 | ||||||
Other assets |
223,232 | 201,771 | ||||||
TOTAL ASSETS |
$ | 28,458,543 | $ | 27,792,629 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY |
||||||||
Current liabilities: |
||||||||
Related party notes |
$ | 511,905 | $ | 505,505 | ||||
Accounts payable |
4,013,899 | 4,514,415 | ||||||
Accrued expenses |
2,682,656 | 2,504,629 | ||||||
Deferred revenue, current |
2,462,570 | 1,647,206 | ||||||
Lease obligations, current |
469,762 | 289,473 | ||||||
Acquisition liabilities, current |
929,411 | 845,363 | ||||||
Unfavorable contract liability, current |
162,822 | 176,207 | ||||||
Total current liabilities |
11,233,025 | 10,482,798 | ||||||
Long-term liabilities: |
||||||||
Deferred revenue, net of current portion |
345,427 | 369,611 | ||||||
Lease obligations, net of current portion |
1,725,276 | 683,307 | ||||||
Acquisition liabilities, net of current portion |
1,156,835 | 1,181,779 | ||||||
Unfavorable contract liability, net of current portion |
388,766 | 422,839 | ||||||
Total liabilities |
14,849,329 | 13,140,334 | ||||||
Stockholders' equity: |
||||||||
Tecogen Inc. shareholders' equity: |
||||||||
Common stock, $0.001 par value; 100,000,000 shares authorized; 24,850,261 issued and outstanding at March 31, 2024 and December 31, 2023 |
24,850 | 24,850 | ||||||
Additional paid-in capital |
57,645,937 | 57,601,402 | ||||||
Accumulated deficit |
(43,984,623) | (42,879,656) | ||||||
Total Tecogen Inc. stockholders' equity |
13,686,164 | 14,746,596 | ||||||
Non-controlling interest |
(76,950) | (94,301) | ||||||
Total stockholders' equity |
13,609,214 | 14,652,295 | ||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ | 28,458,543 | $ | 27,792,629 | ||||
| 3月31號 2024 |
截至12月31日公允價值 2023 |
|||||||
資產 |
||||||||
流動資產： |
||||||||
現金及現金等價物 |
$ | 1,510,435 | $ | 1,351,270 | ||||
應收賬款淨額 |
6,533,130 | 6,781,484 | ||||||
未帳單收入 |
1,258,532 | 1,258,532 | ||||||
淨存貨 |
10,021,002 | 10,553,419 | ||||||
預付和其他流動資產 |
409,573 | 360,639 | ||||||
總流動資產 |
19,732,672 | 20,305,344 | ||||||
開多期資產: |
||||||||
物業、廠房和設備，淨值 |
1,147,069 | 1,162,577 | ||||||
使用權資產 |
2,176,264 | 943,283 | ||||||
無形資產，淨值 |
2,533,112 | 2,436,230 | ||||||
商譽 |
2,646,194 | 2,743,424 | ||||||
其他 |
223,232 | 201,771 | ||||||
總資產 |
$ | 28,458,543 | $ | 27,792,629 | ||||
負債和股東權益 |
||||||||
流動負債: |
||||||||
關聯方註記 |
$ | 511,905 | $ | 505,505 | ||||
應付賬款 |
4,013,899 | 4,514,415 | ||||||
應計費用 |
2,682,656 | 2,504,629 | ||||||
遞延收入，流動 |
2,462,570 | 1,647,206 | ||||||
租賃負債，流動 |
469,762 | 289,473 | ||||||
收購負債，流動 |
929,411 | 845,363 | ||||||
不利合同負債，流動 |
162,822 | 176,207 | ||||||
流動負債合計 |
11,233,025 | 10,482,798 | ||||||
長期負債： |
||||||||
遞延收入，減去當前部分淨額 |
345,427 | 369,611 | ||||||
租賃負債，減去流動部分的 |
1,725,276 | 683,307 | ||||||
收購負債，淨額，除去當前部分 |
1,156,835 | 1,181,779 | ||||||
不利合同負債，淨額，除去當前部分 |
388,766 | 422,839 | ||||||
負債合計 |
14,849,329 | 13,140,334 | ||||||
股東權益: |
||||||||
tecogen股東權益: |
||||||||
普通股票，$0.001面值。授權100,000,000股份；在2024年3月31日和2023年12月31日，發行和流通股份合計24,850,261股 |
24,850 | 24,850 | ||||||
額外實收資本 |
57,645,937 | 57,601,402 | ||||||
累積赤字 |
(43,984,623) | (42,879,656) | ||||||
tecogen股東權益合計 |
13,686,164 | 14,746,596 | ||||||
非控制權益 |
(76,950) | (94,301) | ||||||
股東權益合計 |
13609214 | 14652295 | ||||||
負債合計及股東權益總計 |
$ | 28458543 | $ | 27792629 | ||||
TECOGEN INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
tecogen
經簡化的合併利潤及損失表
(未經審計)
| Three Months Ended | ||||||||
| March 31, 2024 | March 31, 2023 | |||||||
Revenues |
||||||||
Products |
$ | 1,491,398 | $ | 1,710,136 | ||||
Services |
4,014,310 | 3,136,173 | ||||||
Energy production |
680,389 | 533,509 | ||||||
Total revenues |
6,186,097 | 5,379,818 | ||||||
Cost of sales |
||||||||
Products |
1,049,543 | 1,212,568 | ||||||
Services |
2,092,257 | 1,737,602 | ||||||
Energy production |
468,640 | 337,739 | ||||||
Total cost of sales |
3,610,440 | 3,287,909 | ||||||
Gross profit |
2,575,657 | 2,091,909 | ||||||
Operating expenses |
||||||||
General and administrative |
2,848,568 | 2,792,483 | ||||||
Selling |
529,669 | 520,070 | ||||||
Research and development |
254,696 | 229,102 | ||||||
Gain on disposition of assets |
(7,391) | - | ||||||
Total operating expenses |
3,625,542 | 3,541,655 | ||||||
Loss from operations |
(1,049,885) | (1,449,746) | ||||||
Other income (expense) |
||||||||
Other income (expense), net |
(15,747) | 830 | ||||||
Interest expense |
(18,670) | (415) | ||||||
Unrealized gain on investment securities |
18,749 | - | ||||||
Total other income (expense), net |
(15,668) | 415 | ||||||
Loss before income taxes |
(1,065,553) | (1,449,331) | ||||||
Provision for state income taxes |
22,063 | 22,638 | ||||||
Consolidated net loss |
(1,087,616) | (1,471,969) | ||||||
Income attributable to the non-controlling interest |
(17,351) | (18,060) | ||||||
Net loss attributable to Tecogen Inc. |
$ | (1,104,967) | $ | (1,490,029) | ||||
Net loss per share - basic |
$ | (0.04) | $ | (0.06) | ||||
Weighted average shares outstanding - basic |
24,850,261 | 24,850,261 | ||||||
Net loss per share - diluted |
$ | (0.04) | $ | (0.06) | ||||
Weighted average shares outstanding - diluted |
24,850,261 | 24,850,261 | ||||||
| 三個月之內結束 | ||||||||
| 2024年3月31日 | 2023年3月31日 | |||||||
收入 |
||||||||
產品 |
$ | 1491398 | $ | 1710136 | ||||
服務 |
4014310 | 3136173 | ||||||
能源化工生產 |
680389 | 533509 | ||||||
總收入 |
6186097 | 5379818 | ||||||
銷售成本 |
||||||||
產品 |
1049543 | 1212568 | ||||||
服務 |
2092257 | 1737602 | ||||||
能源化工生產 |
468,640 | 337,739 | ||||||
銷售成本合計 |
3,610,440 | 3,287,909 | ||||||
毛利潤 |
2,575,657 | 2,091,909 | ||||||
營業費用 |
||||||||
普通和管理 |
2,848,568 | 2,792,483 | ||||||
銷售 |
529,669 | 520,070 | ||||||
研發 |
254,696 | 229,102 | ||||||
資產處置收益 |
(7,391) | - | ||||||
營業費用總計 |
3,625,542 | 3,541,655 | ||||||
經營虧損 |
(-1,049,885) | (-1,449,746) | ||||||
其他費用收益 |
||||||||
其他收入（支出），淨額 |
(15,747) | 830 | ||||||
利息費用 |
(18,670) | (415) | ||||||
投資證券未實現收益 |
18,749 | - | ||||||
總其他收入(費用)，淨額 |
(15,668) | 415 | ||||||
稅前虧損 |
(1,065,553) | (1,449,331) | ||||||
州所得稅的撥備 |
22,063 | 22,638 | ||||||
多元化淨虧損 |
(1,087,616) | (1,471,969) | ||||||
歸屬於非控股股權的收益 |
(17,351) | (18,060) | ||||||
Tecogen的淨虧損 |
$ | (1,104,967) | $ | (1,490,029) | ||||
每股基本淨虧損 |
$ | (0.04) | $ | （0.06） | ||||
基本加權平均股本 |
24,850,261 | 24,850,261 | ||||||
每股稀釋後淨虧損 |
$ | (0.04) | $ | （0.06） | ||||
期末按普通股股份加權平均計算的股本 |
24,850,261 | 24,850,261 | ||||||
| Three Months Ended | ||||||||
| March 31, 2024 | March 31, 2023 | |||||||
Non-GAAP financial disclosure (1) |
||||||||
Net loss attributable to Tecogen Inc. |
$ | (1,104,967) | $ | (1,490,029) | ||||
Interest expense, net |
18,670 | 828 | ||||||
Income taxes |
22,063 | 22,638 | ||||||
Depreciation & amortization, net |
140,137 | 105,920 | ||||||
EBITDA |
(924,097) | (1,360,643) | ||||||
Stock based compensation |
44,535 | 77,348 | ||||||
Unrealized gain on investment securities |
(18,749) | - | ||||||
Adjusted EBITDA |
$ | (898,311) | $ | (1,283,295) | ||||
| 三個月之內結束 | ||||||||
| 2024年3月31日 | 2023年3月31日 | |||||||
非根據美國通用會計準則的財務披露 (1) |
||||||||
歸屬於Tecogen Inc.的淨虧損 |
$ | （1,104,967） | $ | （1,490,029） | ||||
利息費用，淨額 |
18,670 | 828 | ||||||
所得稅 |
22,063 | 22,638 | ||||||
折舊和攤銷淨額 |
140,137 | 105,920 | ||||||
EBITDA |
（924,097） | （1,360,643） | ||||||
以股票爲基礎的補償 |
44,535 | 77,348 | ||||||
投資證券未實現收益 |
（18,749） | - | ||||||
調整後的EBITDA |
$ | (898,311) | $ | (1,283,295) | ||||
(1) Non-GAAP Financial Measures
(1)非依照普遍公認會計准則的財務措施
In addition to reporting net income, a U.S. generally accepted accounting principle ("GAAP") measure, this news release contains information about Adjusted EBITDA (net income (loss) attributable to Tecogen Inc adjusted for interest, income taxes, depreciation and amortization, stock-based compensation expense, unrealized gain or loss on investment securities, goodwill impairment charges and other non-cash non-recurring charges including abandonment of certain intangible assets and extinguishment of debt), which is a non-GAAP measure. The Company believes Adjusted EBITDA allows investors to view its performance in a manner similar to the methods used by management and provides additional insight into its operating results. Adjusted EBITDA is not calculated through the application of GAAP. Accordingly, it should not be considered as a substitute for the GAAP measure of net income and, therefore, should not be used in isolation of, but in conjunction with, the GAAP measure. The use of any non-GAAP measure may produce results that vary from the GAAP measure and may not be comparable to a similarly defined non-GAAP measure used by other companies.
除淨利潤外，作爲美國通用會計原則（“GAAP”）計量的措施，本新聞稿還包括關於調整後的EBITDA（調整後的針對公司利潤（損失），包括利息、所得稅、折舊與攤銷、股票補償費用、投資證券未實現的收益或損失、商譽減值損失及其他非現金、非經常性費用的EBITDA），這是一項非GAAP度量。公司認爲調整後的EBITDA使得投資者可以以與管理層類似的方式查看其表現，並提供了對其營運業績的額外洞見。調整後的EBITDA沒有經過GAAP的計算，因此，它不應被視爲淨利潤的替代度量，因此，不應孤立地而是與GAAP度量一起使用。任何非GAAP度量的使用可能產生與GAAP度量不同的結果，並且可能與其他公司使用的類似定義的非GAAP度量不可比較。
TECOGEN INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)
tecogen
壓縮的合併現金流量表
(未經審計)
| Three Months Ended | ||||||||
| March 31, 2024 | March 31, 2023 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES: |
||||||||
Consolidated net loss |
$ | (1,087,616) | (1,471,969) | |||||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |
||||||||
Depreciation and amortization |
140,137 | 105,920 | ||||||
Provision for credit losses |
14,258 | - | ||||||
Stock-based compensation |
44,535 | 77,348 | ||||||
Unrealized gain on investment securities |
(18,749) | - | ||||||
Gain on disposition of assets |
(7,391) | - | ||||||
Non-cash interest expense |
6,400 | - | ||||||
Changes in operating assets and liabilities |
||||||||
(Increase) decrease in: |
||||||||
Accounts receivable |
234,095 | (44,238) | ||||||
Employee retention credit |
- | 667,121 | ||||||
Inventory |
532,418 | (1,380,052) | ||||||
Prepaid assets and other current assets |
(48,933) | 136,170 | ||||||
Other assets |
194,283 | 161,931 | ||||||
Increase (decrease) in: |
||||||||
Accounts payable |
(500,516) | 905,509 | ||||||
Accrued expenses and other current liabilities |
167,789 | (143,923) | ||||||
Deferred revenue |
791,181 | 852,600 | ||||||
Other liabilities |
(213,675) | (167,711) | ||||||
Net cash provided by (used in) operating activities |
248,216 | (284,866) | ||||||
CASH FLOWS FROM INVESTING ACTIVITIES: |
||||||||
Purchases of property and equipment |
(104,952) | - | ||||||
Proceeds from disposition of assets |
33,013 | - | ||||||
Net cash used in investing activities |
(71,939) | - | ||||||
CASH FLOWS FROM FINANCING ACTIVITIES: |
||||||||
Finance lease principal payments |
(17,112) | - | ||||||
Net cash provided by financing activities |
(17,112) | (17,112) | ||||||
Net increase in cash and cash equivalents |
159,165 | (284,866) | ||||||
Cash and cash equivalents, beginning of the period |
$ | 1,351,270 | 1,913,969 | |||||
Cash and cash equivalents, end of the period |
$ | 1,510,435 | $ | 1,629,103 | ||||
Supplemental disclosures of cash flows information: |
||||||||
Cash paid for interest |
$ | 11,855 | $ | - | ||||
Cash paid for taxes |
$ | 425 | $ | 22,638 | ||||
Non-cash investing activities |
||||||||
Aegis Contract and Related Asset Acquisition: |
||||||||
Contingent consideration |
$ | 92,409 | $ | - | ||||
| 三個月之內結束 | ||||||||
| 2024年3月31日 | 2023年3月31日 | |||||||
經營活動產生的現金流量： |
||||||||
合併淨虧損 |
$ | (1,087,616) | (1,471,969) | |||||
用於調節淨虧損至經營活動現金流量淨額的調整項目： |
||||||||
折舊和攤銷 |
140,137 | 105,920 | ||||||
撥備 |
14,258 | - | ||||||
以股票爲基礎的報酬計劃 |
44,535 | 77,348 | ||||||
投資證券未實現的收益 |
(18,749) | - | ||||||
資產處置收益 |
(7,391) | - | ||||||
非現金利息費用 |
6,400 | - | ||||||
營運資產和負債的變化 |
||||||||
增加（減少） |
||||||||
應收賬款 |
234,095 | (44,238) | ||||||
員工留任稅收抵免 |
- | 667,121 | ||||||
庫存 |
532,418 | (1,380,052) | ||||||
預付資產和其他流動資產 |
(48,933) | 136,170 | ||||||
其他 |
194,283 | 161,931 | ||||||
增加（減少）： |
||||||||
應付賬款 |
(500,516) | 905,509 | ||||||
應計費用及其他流動負債 |
167,789 | (143,923) | ||||||
遞延收入 |
791,181 | 852,600 | ||||||
其他負債 |
(213,675) | (167,711) | ||||||
經營活動產生的淨現金流量 |
248,216 | (284,866) | ||||||
投資活動產生的現金流量： |
||||||||
購買固定資產 |
(104,952) | - | ||||||
資產處置收益 |
33,013 | - | ||||||
投資活動產生的淨現金流出 |
(71,939) | - | ||||||
籌資活動產生的現金流量： |
||||||||
融資租賃本金支付 |
(17,112) | - | ||||||
籌資活動產生的現金淨額 |
(17,112) | (17,112) | ||||||
現金及現金等價物淨增加額 |
159,165 | (284,866) | ||||||
現金及現金等價物期初餘額 |
$ | 1,351,270 | 1,913,969 | |||||
現金及現金等價物期末餘額 |
$ | 1,510,435 | $ | 1,629,103 | ||||
現金流量的補充披露信息: |
||||||||
支付的利息現金 |
$ | 11,855 | $ | - | ||||
繳納的稅款 |
$ | 425 | $ | 22,638 | ||||
非現金投資活動 |
||||||||
Aegis合約及相關資產收購: |
||||||||
或有負債 |
$ | 92,409 | $ | - | ||||
SOURCE: Tecogen, Inc.
來源:Tecogen, Inc.
譯文內容由第三人軟體翻譯。