<p>Tecogen Inc（TGEN）已举行其第三季度财报电话会议。以下是会议的主要亮点。</p>
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<p>Tecogen Inc 最近的财报电话会议描绘了一幅公司在数据中心冷却市场上蓄势待发的图景，受到行业巨头的显著关注和产品收入的显著增长驱动。然而，这一乐观前景也面临着净亏损增加、利润率下降和运营费用上升等挑战。</p>
<h2>数据中心战略的显著前进势头</h2>
<p>Tecogen 在其数据中心战略上取得了显著进展，吸引了知名的托管数据中心开发商的重大兴趣。公司向 NVIDIA 和 AMD 等主要参与者展示了其解决方案，展现了其在数据中心市场中占据重要份额的信心。</p>
<h2>产品收入激增</h2>
<p>第三季度产品收入增长了惊人的 115%，使总收入从 2024 年同期的 560 万美元提升至 720 万美元。这一激增突显了 Tecogen 在市场机会中获利和推动增长的能力。</p>
<h2>资产负债表上无债务</h2>
<p>Tecogen 的财务健康状况得益于资产负债表上无债务，因偿还了一笔关联方票据。公司保持约 1400 万美元的强劲现金储备，为未来的投资和增长计划提供了坚实基础。</p>
<h2>净亏损增加</h2>
<p>尽管收入增长，Tecogen 报告的净亏损增加至 213 万美元，较 2024 年第三季度的 93 万美元有所上升。这主要归因于服务利润率下降和运营费用上升，突显了需要战略关注的领域。</p>
<h2>毛利润和利润率下降</h2>
<p>公司的毛利润下降了 12%，毛利率从 2024 年的 44.1% 降至 2025 年第三季度的 30.4%。这一下降主要是由于服务部门成本增加，表明需要实施成本管理策略。</p>
<h2>运营费用上升</h2>
<p>运营费用环比上升近 28%，主要由于行政和研发薪资、福利、招聘成本、保险费、折旧、股票薪酬和销售佣金的增加。应对这些上升的成本对未来的盈利能力至关重要。</p>
<h2>能源生产收入下降</h2>
<p>能源生产收入环比下降 34.2%，主要由于合同到期和临时停工维修。这突显了该收入来源的波动性以及合同续签和现场维护的重要性。</p>
<h2>前瞻性指导</h2>
<p>Tecogen 的前瞻性指导乐观，特别是在其数据中心战略方面。公司已收到六台 STX 冷却器的意向书，并有可能参与三个具有显著 IT 容量的开发项目。通过与 Vertiv 和合同制造商的合作，扩大制造能力的努力正在进行中，旨在满足日益增长的需求并抓住增长机会。</p>
<p>总之，Tecogen Inc 的财报电话会议反映出公司在数据中心冷却市场上具有强大的增长潜力，得到了主要行业参与者的显著关注和产品收入的显著增加的支持。然而，净亏损增加、利润率下降和运营费用上升等挑战也提出了战略关注的领域。公司的前瞻性指导依然乐观，计划扩大制造能力并抓住市场机会。</p>

TGEN

<p>Tecogen Inc 第三季度财报电话会议的要点显示，数据中心冷却市场的增长得益于产品收入激增 115%。尽管如此，公司面临着净亏损增加、利润率下降和运营费用上升的挑战。Tecogen 的财务状况良好，毫无债务，现金达到 1400 万美元。尽管需要进行战略性成本管理，公司对未来的增长持乐观态度，专注于扩大生产能力和抓住市场机会</p>

<p>Tecogen Inc ((TGEN)) has held its Q3 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>Tecogen Inc（TGEN）已举行其第三季度财报电话会议。以下是会议的主要亮点。</p>
</div><h3>Meet Your ETF AI Analyst</h3>
<div class="lb-trans"><h3>认识你的 ETF AI 分析师</h3>
</div><ul>
<li>Discover how TipRanks' <em>ETF</em> AI Analyst can help you make smarter investment decisions</li>
<li>Explore ETFs TipRanks' users love and see what insights the <strong><em>ETF</em> AI Analyst</strong> reveals about the ones you follow.</li>
</ul>
<div class="lb-trans"><ul>
<li>了解 TipRanks 的_ETF_ AI 分析师如何帮助你做出更明智的投资决策</li>
<li>探索 TipRanks 用户喜爱的 ETF，并查看 <strong><em>ETF</em> AI 分析师</strong> 对你关注的 ETF 所揭示的见解。</li>
</ul>
</div><p>Tecogen Inc’s recent earnings call paints a picture of a company poised for growth in the data center cooling market, driven by significant interest from industry giants and a notable surge in product revenues. However, this optimistic outlook is balanced by challenges such as increased net losses, decreased margins, and rising operating expenses.</p>
<div class="lb-trans"><p>Tecogen Inc 最近的财报电话会议描绘了一幅公司在数据中心冷却市场上蓄势待发的图景，受到行业巨头的显著关注和产品收入的显著增长驱动。然而，这一乐观前景也面临着净亏损增加、利润率下降和运营费用上升等挑战。</p>
</div><h2>Significant Forward Momentum in Data Center Strategy</h2>
<div class="lb-trans"><h2>数据中心战略的显著前进势头</h2>
</div><p>Tecogen has made impressive strides in its data center strategy, garnering substantial interest from renowned colocation data center developers. The company has presented its solutions to major players like NVIDIA and AMD, showcasing its confidence in capturing a significant share of the data center market.</p>
<div class="lb-trans"><p>Tecogen 在其数据中心战略上取得了显著进展，吸引了知名的托管数据中心开发商的重大兴趣。公司向 NVIDIA 和 AMD 等主要参与者展示了其解决方案，展现了其在数据中心市场中占据重要份额的信心。</p>
</div><h2>Product Revenue Surge</h2>
<div class="lb-trans"><h2>产品收入激增</h2>
</div><p>The third quarter saw a remarkable 115% increase in product revenues, propelling total revenue to $7.2 million from $5.6 million in the same period of 2024. This surge underscores Tecogen’s ability to capitalize on market opportunities and drive growth.</p>
<div class="lb-trans"><p>第三季度产品收入增长了惊人的 115%，使总收入从 2024 年同期的 560 万美元提升至 720 万美元。这一激增突显了 Tecogen 在市场机会中获利和推动增长的能力。</p>
</div><h2>No Debt on Balance Sheet</h2>
<div class="lb-trans"><h2>资产负债表上无债务</h2>
</div><p>Tecogen’s financial health is bolstered by the absence of debt on its balance sheet, following the repayment of a related party note. The company maintains a robust cash position of approximately $14 million, providing a strong foundation for future investments and growth initiatives.</p>
<div class="lb-trans"><p>Tecogen 的财务健康状况得益于资产负债表上无债务，因偿还了一笔关联方票据。公司保持约 1400 万美元的强劲现金储备，为未来的投资和增长计划提供了坚实基础。</p>
</div><h2>Increased Net Loss</h2>
<div class="lb-trans"><h2>净亏损增加</h2>
</div><p>Despite revenue growth, Tecogen reported a net loss increase to $2.13 million, up from $0.93 million in the third quarter of 2024. This was primarily attributed to decreased service margins and higher operating expenses, highlighting areas that require strategic attention.</p>
<div class="lb-trans"><p>尽管收入增长，Tecogen 报告的净亏损增加至 213 万美元，较 2024 年第三季度的 93 万美元有所上升。这主要归因于服务利润率下降和运营费用上升，突显了需要战略关注的领域。</p>
</div><h2>Decrease in Gross Profit and Margins</h2>
<div class="lb-trans"><h2>毛利润和利润率下降</h2>
</div><p>The company’s gross profit decreased by 12%, with gross margins dropping from 44.1% in 2024 to 30.4% in the third quarter of 2025. This decline was largely due to increased costs in the Services segment, indicating a need for cost management strategies.</p>
<div class="lb-trans"><p>公司的毛利润下降了 12%，毛利率从 2024 年的 44.1% 降至 2025 年第三季度的 30.4%。这一下降主要是由于服务部门成本增加，表明需要实施成本管理策略。</p>
</div><h2>Higher Operating Expenses</h2>
<div class="lb-trans"><h2>运营费用上升</h2>
</div><p>Operating expenses rose by nearly 28% quarter-over-quarter, driven by increases in administrative and R&amp;D payroll, benefits, recruitment costs, insurance premiums, depreciation, stock-based compensation, and sales commissions. Addressing these rising costs will be crucial for future profitability.</p>
<div class="lb-trans"><p>运营费用环比上升近 28%，主要由于行政和研发薪资、福利、招聘成本、保险费、折旧、股票薪酬和销售佣金的增加。应对这些上升的成本对未来的盈利能力至关重要。</p>
</div><h2>Energy Production Revenue Decline</h2>
<div class="lb-trans"><h2>能源生产收入下降</h2>
</div><p>Energy production revenue saw a decline of 34.2% quarter-over-quarter, primarily due to the expiration of contracts and temporary site shutdowns for repairs. This highlights the volatility in this revenue stream and the importance of contract renewals and site maintenance.</p>
<div class="lb-trans"><p>能源生产收入环比下降 34.2%，主要由于合同到期和临时停工维修。这突显了该收入来源的波动性以及合同续签和现场维护的重要性。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Tecogen’s forward-looking guidance is optimistic, particularly in its data center strategy. The company has received a letter of intent for six STX chillers and potential inclusion in three developer projects with significant IT capacity. Efforts to expand manufacturing capacity through partnerships with Vertiv and contract manufacturers are underway, aiming to meet the rising demand and capitalize on growth opportunities.</p>
<div class="lb-trans"><p>Tecogen 的前瞻性指导乐观，特别是在其数据中心战略方面。公司已收到六台 STX 冷却器的意向书，并有可能参与三个具有显著 IT 容量的开发项目。通过与 Vertiv 和合同制造商的合作，扩大制造能力的努力正在进行中，旨在满足日益增长的需求并抓住增长机会。</p>
</div><p>In summary, Tecogen Inc’s earnings call reflects a company with strong growth potential in the data center cooling market, supported by significant interest from major industry players and a substantial increase in product revenues. However, challenges such as increased net losses, decreased margins, and rising operating expenses present areas for strategic focus. The company’s forward-looking guidance remains optimistic, with plans to expand its manufacturing capacity and capitalize on market opportunities.</p>
<div class="lb-trans"><p>总之，Tecogen Inc 的财报电话会议反映出公司在数据中心冷却市场上具有强大的增长潜力，得到了主要行业参与者的显著关注和产品收入的显著增加的支持。然而，净亏损增加、利润率下降和运营费用上升等挑战也提出了战略关注的领域。公司的前瞻性指导依然乐观，计划扩大制造能力并抓住市场机会。</p>
</div>

Tecogen Inc 的财报电话会议：在挑战中实现增长