Red Flags Detected
- Material Weakness (worsened) — Material weakness in IT general controls persists from 2024 into 2025; management concluded internal controls remain ineffective due to insufficient staffing in IT security and user access.
- Going Concern (new) — Management evaluated going concern due to $47.6M accumulated deficit and $4.8M net loss in 2024, though concluded operations will be sufficient for next twelve months.
Tecogen raises $18M, uplist to NYSE American, partners with Vertiv for data centers
Filed March 19, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 18, 2025 · ~1 min read
Key Changes
-
high
Completed $18.1M public offering in July 2025 at $5.00/share and uplisted to NYSE American in May 2025, improving liquidity and institutional access after four years trading OTC.
MD&A: Equity Financing & Uplisting verify on EDGAR → -
high
Signed two-year sales agreement with Vertiv for data-center cooling, granting exclusive international rights and conditional U.S. exclusivity if sales targets are met.
MD&A: Vertiv Partnership verify on EDGAR → -
high
Material weakness in IT general controls persists for second consecutive year; management concluded internal controls remain ineffective as of December 31, 2025.
MD&A: Internal Controls verify on EDGAR →
2 more material changes plus the full narrative summary — create a free account to see the rest. Takes 30 seconds.
Partner
Trade TGEN commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Generated by AI · Jun 8, 2026 7:09 PM