Earnings Call Summary | Tecogen Inc(TGEN.US) Q1 2024 Earnings Conference
Earnings Call Summary | Tecogen Inc(TGEN.US) Q1 2024 Earnings Conference
The following is a summary of the Tecogen Inc. (TGEN) Q1 2024 Earnings Call Transcript:
以下是 Tecogen Inc.（TGEN）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Tecogen Inc. reported Q1 2024 revenues of $6.2 million, a 15% increase year-over-year.
The net loss for Q1 was $1.1 million, a decrease from Q1 2023's $1.5 million due to increased revenues and improved gross profit margin.
Net loss per share was $0.04 for Q1 2024, compared to $0.06 per share in Q1 2023.
The Q1 EBITDA loss was $924,000, and adjusted EBITDA loss was $898,000, lower than the Q1 2023 losses.
Product revenue decreased 13% quarter-on-quarter, but product's gross margin increased slightly by 1% to 30%.
Services revenue increased 28% quarter-on-quarter due to newly acquired contracts, contributing an additional $758,000 to the first quarter's revenue.
Energy production revenue also saw a 28% quarter-on-quarter increase.
The company has a current backlog of $4.8 million and plans to close around $7 million of projects in the upcoming months.
Tecogen Inc.報告稱，2024年第一季度收入爲620萬美元，同比增長15％。
由於收入增加和毛利率的提高，第一季度的淨虧損爲110萬美元，低於2023年第一季度的150萬美元。
2024年第一季度的每股淨虧損爲0.04美元，而2023年第一季度的每股虧損爲0.06美元。
第一季度息稅折舊攤銷前利潤虧損爲92.4萬美元，調整後的息稅折舊攤銷前利潤虧損爲89.8萬美元，低於2023年第一季度的虧損。
產品收入同比下降13％，但產品的毛利率略有增長1％至30％。
由於新收購的合同，服務收入同比增長了28％，爲第一季度的收入增加了758,000美元。
能源生產收入也同比增長了28％。
該公司目前的積壓項目爲480萬美元，並計劃在未來幾個月內關閉約700萬美元的項目。
Business Progress:
業務進展：
Tecogen has transitioned to a new production facility in Billerica, project completion is anticipated by Q3 2024, which is expected to enhance production.
They have increased their focus on service as it brings recurring cash flow and have newly acquired service contracts for 83 units.
Online marketing strategies are being refined, and a positive response has been seen with lead generation through digital platforms.
The company expects to further acquire 30 to 50 service agreements in the next quarter.
Beginning Q4 2024, Tecogen anticipates shipping its hybrid air-cooled chillers post reliability testing and projects increasing sales from 2025.
They have set a target of growing their service revenue and cash flow by 20% this year.
They are exploring opportunities for retrofits on high-temperature buildings and utilization of heat pump technology.
Heated activity is noticed in the Florida market with backlogs and potential closings in the coming 3-6 months.
Expansion of the service center in the Georgia, Alabama region is being considered.
Tecogen expects improvements in productivity and efficiency following their move to the new facility.
Tecogen已過渡到位於比勒裏卡的新生產設施，項目預計將於2024年第三季度完成，預計這將提高產量。
由於服務帶來了經常性現金流，他們增加了對服務的關注，並新收購了83個單位的服務合同。
在線營銷策略正在完善中，通過數字平台挖掘潛在客戶已經得到了積極的回應。
該公司預計將在下一季度進一步收購30至50份服務協議。
從2024年第四季度開始，Tecogen預計將在可靠性測試後出貨混合風冷式製冷機，並預計從2025年起銷售額將增加。
他們設定了今年的服務收入和現金流增長20％的目標。
他們正在探索對高溫建築進行改造和利用熱泵技術的機會。
佛羅里達州市場出現了激烈的活動，在未來3-6個月內可能會出現積壓和關閉。
正在考慮擴建阿拉巴馬州佐治亞州的服務中心。
Tecogen預計，他們遷至新工廠後，生產力和效率將有所提高。
More details: Tecogen Inc IR
更多詳情： Tecogen Inc IR
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譯文內容由第三人軟體翻譯。