On Wednesday, shares of Tecogen Inc (NASDAQ: TGEN) surged 0.31% in trading session and finally closed at $2.63. The company most recent volume stood at 2002 shares as compared to average volume of 9.06K shares. Over the one year trading period, the stock has a high price of $4.2 and its low price is recorded at $2.11.
The average true range of Tecogen Inc.’s (TGEN) is recorded at 0.20 and the relative strength index of the stock stands 54.54. The stock price is going above to its 52 week low with 24.64% and lagging behind from its 52 week high with -37.37%. Analyst recommendation for this stock stands at 2.00. A look on the firm performance, its monthly performance is 19.55% and a quarterly performance of -21.96%. The stock price is trading downbeat from its 200 days moving average with -23.08% and up from 50 days moving average with 1.77%.
Tecogen Inc (NASDAQ: TGEN), stated revenues of $7.87M for the quarter ended June 30, 2019 contrast to $8.46M for the same period in 2018, a 7% decline in top line revenue. Consolidated gross profit for the second quarter of 2019 was $3.43M contrast to $3.16M in the second quarter of 2018, a raise of 8% in overall gross profit year over year, despite the revenue decline. Loss from operations for the second quarter of 2019 was $334.58K, contrast to $636.29M for the same period 2018, and an improvement of $301,71K year over year. Net loss attributable to the Company was $357,13K for the second quarter of 2019, contrast to $754.35K for the same period in 2018, an improvement of $397.22K, or 53% year over year.
Adjusted EBITDA, not including the unrealized gain or loss on marketable securities, stock-compensation expense and merger related expenses, was negative $205.03K for the second quarter of 2019 contrast to negative $329.54K for the second quarter of 2018, an improvement of $124.51K, or 38% year over year. Adjusted EBITDA for the first six months of 2019 was positive $473.06K contrast to negative $25.81K for the first six months of 2018, an improvement of $498.87M.
Backlog of products and installations was $25M at the end of the second quarter of 2019 and stood at $28M as of August 9, 2019.
Current sales backlog of equipment and installations as of August 9, 2019 is $28M, comprised of $16M of installation services and $12M of products.