Tecogen (TGEN) Misses Q3 EPS by 4; Announces Rebranding
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Tecogen Announces Record Third Quarter Results & Rebranding of Emissions Technology
November 10, 2015 8:01 AM ESTWALTHAM, Mass., Nov. 10, 2015 /PRNewswire/ -- Tecogen® Inc. (NASDAQ: TGEN), a manufacturer and installer of high efficiency, ultra-clean combined heat and power products including natural gas engine-driven cogeneration, air conditioning systems, and high-efficiency water heaters for industrial and commercial use, reported revenues of $4,676,042 for the quarter ended September 30, 2015 compared to $4,175,863 for the same period in 2014, an increase of 12%. Gross profit increased to $1,668,931 for the quarter ended September 30, 2015 compared to $1,089,471, an increase of 53%.
Speaking about the quarter, co-Chief Executive Officer Benjamin Locke noted, "Third quarter is our seasonally weakest quarter historically... More
