Tecogen INC 8-K filings

Tecogen Inc. has expanded its maintenance agreement portfolio by adding 31 cogeneration units through an amendment with Aegis Energy Services LLC.

Tecogen's Q4 2023 revenue increased by 30.2% quarter-over-quarter, but the company still reported a net loss due to increased bad debt reserves and obsolete inventory.

Tecogen Inc. has implemented a performance bonus plan for its CEO and senior management, contingent on achieving two consecutive quarters of positive Adjusted EBITDA exceeding 2%.

Tecogen Inc. has amended its agreement with Aegis Energy Services to include maintenance services for additional cogeneration units and chillers, while also securing support for future maintenance agreements.

Tecogen presented its strategic plan for growth, focusing on recurring revenue, operational improvements, and a new 'Cooling as a Service' model at the Sidoti Micro-Cap Conference.