TECOGEN INC.

Tecogen Inc. reported a significant widening of its net loss to $2.12 million for the first quarter of 2026, compared to a $0.66 million loss in the prior year period, with basic net loss per share increasing to $0.07. Total revenues declined by 12.9% to $6.34 million, primarily driven by a substantial 53.6% drop in product revenues. Despite growth in service and energy production revenues, the overall financial performance was negatively impacted, leading to increased cash usage in operating activities.

Tecogen Inc. reported a 12.9% decrease in revenues to $6.34 million and an increased net loss of $2.12 million for the first quarter of 2026, compared to the same period in 2025. Despite the financial downturn, the company announced significant business progress, including an imminent purchase order from Vertiv for a 1 MW chiller system and actively advancing multiple data center opportunities. Tecogen also expects to secure over $8 million in additional orders and anticipates lower cash burn in coming quarters due to cost reductions and expected customer deposits.

Tecogen Inc. announced the extension of its Advisory Agreement with Mr. John N. Hatsopoulos, a key figure for the company, through March 31, 2028. This agreement, originally established on January 18, 2018, and previously amended in 2019 and 2023, signifies the company's continued reliance on Mr. Hatsopoulos's advisory services. The extension was formally approved by the company's Board of Directors via Unanimous Written Consent on April 7, 2026, ensuring continuity in its advisory structure.