Tecogen (TGEN) risk factors

40 risks, 1 new, 6 dropped, 7 reworded since the prior year. Tecogen updated its risk profile after listing on the NYSE American stock exchange and reporting a net loss of $8,248,755 for 2025. Backlog dropped to $2,522,231 from $12,336,248, and goodwill declined to $1,248,442.

45 risks. Operating history is characterized by losses, including $4,760,238 in 2024, and accumulated deficits of $47,639,894. Revenues are vulnerable to supply chain issues, plant relocation, and a small customer base. Dependence on short-term related party notes from directors creates liquidity pressure.