Bunkhouse Hotels Check in to World of Hyatt: Soulful Stays Can Now Earn Points
This milestone follows the integration of The Standard and The StandardX brands into the World of Hyatt portfolio in May. Further advancing Hyatt's position as an industry leader in lifestyle hospitality, the addition of the Bunkhouse Hotels brand offers World of Hyatt members access to extremely special experiences in sought after destinations from Texas to Mexico.
'Bunkhouse Hotels are nothing short of beloved in the communities they serve,' said Amar Lalvani, President & Creative Director of Hyatt's Lifestyle Portfolio. 'We are excited to introduce these one-of-a-kind properties to our World of Hyatt members who I am positive will fall in love with them just as we have.'
World of Hyatt is making four exclusive, limited-time FIND Experiences available via auctions. These experiences showcase Bunkhouse Hotels' soulful spirit immersing them in the culture and creativity that lies at the heart of each property.
Lone Star Luxury at Hotel Saint Augustine | Experience a sampling of Houston's finest, beginning with a three-night stay in a luxe Atelier Suite at Hotel Saint Augustine, which opened in January and is nestled quietly amongst the trees in Houston's Montrose neighborhood. This package for two includes an exclusive curator-led tour of the hotel-adjacent Menil Collection, a custom cowboy boot design experience at Republic Boot Co., plus an indulgent four-course meal at Perseid, personally curated by acclaimed chef, Aaron Bludorn. While at the hotel, enjoy $250 in dining credit, $250 in retail credit, two signature robes to take home, plus 100,000 AAdvantage® bonus miles to use toward your flights. Learn more here.
Vinyl & BBQ in the Heart of Texas | Dive deep into the soul of Austin, Texas with an unforgettable four-night getaway. Enjoy accommodation at either Hotel Saint Cecilia, a quiet oasis off the famed South Congress, or Carpenter Hotel, just steps away from Zilker Park and Barton Springs pool. During your stay, indulge your senses in a private listening session—complete with cocktails and bites—at one of the country's most celebrated vinyl bars, Equipment Room. Then go behind the smoke with Chef Ali Clem for a pit tour, chef-curated spread, and an uncensored BBQ chat at the Michelin Starred BBQ restaurant, La Barbecue. $500 in hotel food and beverage credit, $250 in hotel retail credit, plus two signature robes to take home for keeps and round out the experience with 100,000 AAdvantage® bonus miles to use toward your flights. Learn more here.
Buenas Noches, a Hotel San Fernando Takeover | Experience Mexico City like never before with an exclusive two-night takeover for you and up to 23 of your closest friends at the intimate, Michelin Key hotel—Hotel San Fernando—located in the city's charming Condesa neighborhood. During your stay, you and your guests will enjoy a private rooftop cocktail class highlighting traditional Mexican spirits with one of the hotel's skilled bartenders from Lounge Fernando, as well as a rooftop brunch complete with Mexican delicacies, pan dulce, and a mimosa bar before setting out to explore the city. Learn more here.
A Baja Awakening at Hotel San Cristóbal | Awaken the senses with a transformative three-night escape to Baja's jewel—Hotel San Cristóbal—located on a serene beachfront in Todos Santos. This thoughtfully curated experience for two includes a stay in an oceanfront king room with a private plunge pool, private yoga class overlooking the Pacific, private sound bath experience, rejuvenating massages, and an unforgettable private boat adventure to the neighboring Espiritu Island. While on property, enjoy a private beachfront bonfire with a three-course dinner, an evening meal in the garden with local wine pairings, plus two signature robes for keeps, $250 in retail credit, and $250 toward food and beverage. Private transportation to and from SJD airport, and 100,000 American Airlines AAdvantage® bonus miles are also included. Learn more here.
'We're excited to offer World of Hyatt members a true taste of what Bunkhouse Hotels are all about through these limited-time FIND experiences,' said Laurie Blair, senior vice president, global marketing, Hyatt. 'From a complete takeover of Hotel San Fernando in Mexico City to diving into Austin's music and BBQ scene, these opportunities epitomize the endless possibilities to Be More in the World of Hyatt.'
Wish You Were Here: Eclectic Stays for Locals and Travelers
Bunkhouse Hotels offer more than just a good night's sleep and a great cup of coffee. A passion for design, tireless attention to detail, and commitment to creating authentic cultural experiences have earned each hotel a unique place in the hearts and minds of locals and those who visit. From luxurious stays at Hotel San Cristóbal and the secluded, rock 'n' roll haven, Hotel Saint Cecilia, to the laid-back charm of Austin icons like Hotel San José and Austin Motel, alongside the recently opened Hotel Saint Augustine – recognized as one of the best new hotels in the world by Esquire, Travel + Leisure, and Southern Living – World of Hyatt members now have even more options for unique, community-inspired travel.
Following the most recent addition of Hotel Saint Augustine, a second Bunkhouse Hotel in Houston, Hotel Daphne, is set to debut in late 2025. It will also join World of Hyatt at a later date. Jo's Coffee, an Austin icon, which recently expanded outside of Austin for the first time with the opening of Jo's Houston, will continue its expansion with a new Austin location opening near University of Texas' campus this fall.
Local Stays; Rewards in Our World
Bunkhouse Hotels are joining World of Hyatt in phases, participating in all World of Hyatt program benefits. Starting now, members can earn and redeem points at participating Bunkhouse Hotels, including:
Houston, Texas | Hotel Saint Augustine (Category 6)
Austin, Texas | Hotel Saint Cecilia (Category 7); Hotel San José (Category 5); Austin Motel (Category 5); Carpenter Hotel (Category 5)
Todos Santos, Mexico | Hotel San Cristobal (Category 7)
Mexico City, Mexico | Hotel San Fernando (Category 4)
Stay Tuned | Hotel Magdalena (Austin, Texas); Hotel Havana (San Antonio, Texas); Hotel Daphne (Houston, TX)
Boutique stays meet exclusive benefits. World of Hyatt members can enjoy earning and redeeming at participating Bunkhouse Hotels with all the program benefits they know and love. World of Hyatt members:
Earn 5 Base Points per eligible $1 USD at participating Bunkhouse Hotels.
4 Bonus Points per eligible $1 USD spent on the World of Hyatt Credit Card at participating Bunkhouse Hotels, The Standard and The StandardX hotels. Learn more
Earn credit toward earning elite tier status and Milestone Rewards with every qualifying stay
Unlock new perks through award chart participation and on-property elite benefits
Explore three new brands including participating The Standard, The StandardX and Bunkhouse Hotels that count towards unlocking a Brand Explorer award, which requires an eligible stay at five unique brands
For more information on World of Hyatt and Bunkhouse Hotels, visit world.hyatt.com. For a complete list of participating hotels, including when each property began (or will begin) participating in the World of Hyatt, visit https://world.hyatt.com/content/gp/en/landing/bunkhouse.html.
The term 'Hyatt' is used in this release to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
For further information:
About World of Hyatt
World of Hyatt is Hyatt's award-winning guest loyalty program uniting participating locations in Hyatt's Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse® Hotels, and me and all hotels; the Inclusive Portfolio, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Sunscape® Resorts & Spas, and Alua Hotels & Resorts®; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove. Members who book directly through Hyatt channels can enjoy personalized care and access to distinct benefits including Guest of Honor, confirmed suite upgrades at time of booking, diverse wellbeing offerings, digital key, and exclusive member rates. With 56 million members and counting, World of Hyatt offers a variety of ways to earn and redeem points for hotel stays, dining and spa services, wellbeing focused experiences through the FIND platform; as well as the benefits of Hyatt's strategic loyalty collaboration with American Airlines AAdvantage®. Travelers can enroll for free at hyatt.com, download the World of Hyatt app for android and IOS devices and connect with World of Hyatt on Facebook, Instagram, TikTok and Twitter.
About Bunkhouse Hotels
Bunkhouse Hotels was founded on the pillars of design, music, and community. With a reputation for building memorable experiences, Bunkhouse Hotels emanated from Austin, Texas and now have a presence found well beyond including Hotel San José, Hotel Saint Cecilia, Austin Motel, Jo's Coffee, Hotel Magdalena with Summer on Music Lane and Equipment Room, and the Carpenter Hotel with Carpenters Hall and Carpenter Coffee Bar in Austin; Hotel Havana in San Antonio; Hotel San Cristóbal with Benno and Cosecha in Todos Santos, Mexico; Phoenix Hotel in San Francisco, California; and Hotel San Fernando with Lounge Fernando in Mexico City. The brand is expanding across the U.S. and Mexico, including its first Houston projects: Hotel Saint Augustine with Perseid, which recently opened in the Montrose neighborhood, and Hotel Daphne opening in the Heights neighborhood in 2025. The Bunkhouse Hotels brand is now part of Hyatt's lifestyle group and World of Hyatt. BunkhouseHotels.com @bunkhousehotels.
American Airlines
American Airlines reserves the right to change the AAdvantage ® program and its terms and conditions at any time with or without notice, and to end the AAdvantage ® program with six months' notice. Any such changes may affect your ability to use AAdvantage ® Rewards and Benefits that you have already accumulated. American Airlines is not responsible for products or services offered by other participating companies. All third-party provider terms and conditions apply. For more information on miles and Loyalty Points, visit www.aa.com/loyaltypoints. For complete details about the AAdvantage ® program, visit aa.com/aadvantage. For the AAdvantage ® terms and conditions, visit AAdvantage terms and conditions − AAdvantage program − American Airlines.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
41 minutes ago
- Yahoo
Tecogen Reports Second Quarter 2025 Financial Results
NORTH BILLERICA, MA / / August 12, 2025 / Tecogen Inc. (NYSE American:TGEN), a leading manufacturer of clean energy products, reported revenues of $7.29 million and net loss of $1.47 million for the quarter ended June 30, 2025 compared to revenues of $4.73 million, and a net loss of $1.54 million in 2024. Our cash and cash equivalents balance was $1.64 million at June 30, 2025. Abinand Rangesh, CEO of Tecogen, commented that "since our last earnings call we have made tremendous progress with our data center strategy and achieved several key milestones. We received our first LOI for a great pilot project. This is for a 100+MW data center with the potential to be a 500+MW site. The customer expects to evaluate 6 STx chillers during the first phase of the project. If successful, more chillers will be used in subsequent phases. We expect the LOI to convert to a PO later this year and we hope to grow with this customer. In the last three months, our marketing has generated great leads. We have now quoted two projects for 60 to 100 chillers each. We have multiple other projects that are earlier stage but have similar potential. We've also received feedback on how customers are making purchasing decisions. During the call, I will address what these are and the steps we are taking so we can convert these leads into orders. The only setback this quarter was the reduction in the gross profit margin which drove the net loss. Product margin was lower because we started shipping the hybrid air-cooled chiller. As expected, the first few units had higher costs due to low volume material purchasing and as our team gained experience building the product. We expect the hybrid chiller margin to increase with volume production. The other products shipped this quarter had similar margins as previous quarters. Overall service margin declined because of one region - Manhattan and NJ. This was in part due to bulk oil system upgrades for our InVerde fleet. This has a short term impact on profitability but increases service intervals by 150% to 200%. We also experienced increased overtime hours. During the call, we will discuss the new protocols we have implemented to restore this territory to profitability. Given the size of potential projects, the ability to manufacture and ship significant volumes of chillers is critical. We have hired talent in manufacturing and engineering. The additional staffing was a significant factor in our increased operating expenses, which increased by 9% in Q2 2025 compared to last year. To provide the necessary capital to scale our business, we also raised $18.2 million in July. The capital raised will be used to increase factory output and for marketing. I will share more details on the data center projects, Vertiv and scale up plan tomorrow." Key Takeaways Net Loss and Earnings Per Share Net loss for the quarter ended June 30, 2025 was $1.46 million compared to a net loss of $1.54 million for the same period of 2024, a decrease of $0.07 million, due to increased gross profit from our Products and Services segments. EPS for the quarter ended June 30, 2025 and 2024 was a loss of $(0.06)/share, respectively. Net loss for the six months ended June 30, 2025 was $2.12 million compared to a net loss of $2.64 million for the same period of 2024, a decrease of $0.52 million, due to increased gross profit from our Products and Services segments. EPS for the six months ended June 30, 2025 and 2024 was a loss of $(0.08)/share and $(0.11)/share, respectively. Loss from Operations Loss from operations for the quarter ended June 30, 2025 was $1.41 million compared to a loss from operations of $1.47 million for the same period in 2024, a decrease of $0.06 million, due to increased gross profit from our Products and Services segments. Loss from operations for the six ended June 30, 2025 was $2.01 million compared to a loss from operations of $2.52 million for the same period in 2024, a decrease of $0.52 million, due to increased gross profit from our Products and Services segments. Revenues Revenues for the quarter ended June 30, 2025 were $7.29 million compared to $4.73 million for the same period in 2024, a 54.3% increase. Products revenues in the quarter ended June 30, 2025 were $3.16 million compared to $0.12 million for the same period in 2024, an increase of 2,536.6%. The increase in revenue during the quarter ended June 30, 2025 is due to increased chiller and cogeneration revenue, which included the initial deliveries of our hybrid-drive air-cooled chiller. Services revenues in the quarter ended June 30, 2025 were $3.97 million, compared to $4.13 million for the same period in 2024, a decrease of 3.9% due to decreased revenues from the acquired Aegis maintenance contracts. Energy Production revenues in the quarter ended June 30, 2025 were $0.17 million compared to $0.48 million for the same period in 2024, a decrease of 63.8%. The decrease in Energy Production revenue is due to contract expirations at certain energy production sites in late 2024 and the temporary shutdown of a few energy production sites for repairs. Revenues for the six months ended June 30, 2025 were $14.57 million compared to $10.91 million for the same period in 2024, a 33.5% increase. Products revenues in the six months ended June 30, 2025 were $5.69 million compared to $1.61 million for the same period in 2024, an increase of 253.1%. The increase in revenue during the six months ended June 30, 2025 is due to increased chiller and cogeneration revenue, which included the initial deliveries of our hybrid-drive air-cooled chiller. Services revenues in the six months ended June 30, 2025 were $8.21 million, compared to $8.14 million for the same period in 2024, an increase of 0.9% due to increased revenues from existing contracts, offset by decreased revenues from the acquired Aegis maintenance contacts. Energy Production revenues in the six months ended June 30, 2025 were $0.67 million compared to $1.16 million for the same period in 2024, a decrease of 42.1%. The decrease in Energy Production revenue is due to contract expirations at certain energy production sites in late 2024 and the temporary shutdown of a few energy production sites for repairs. Gross Profit Gross profit for the quarter ended June 30, 2025 was $2.46 million compared to $2.08 million in the same period in 2024. Gross margin decreased to 33.8% in the quarter ended June 30, 2025 compared to 44.0% for the same period in 2024. The decrease in gross margin was due to higher material and labor costs in our Products and Services segments in the quarter ended June 30, 2025. Gross profit for the six months ended June 30, 2025 was $5.68 million compared to $4.65 million in the same period in 2024. Gross margin decreased to 39.0% in the six months ended June 30, 2025 compared to 42.7% for the same period in 2024. The decrease in gross margin was due to higher material and labor costs in our Products and Services segments in the the six months ended June 30, 2025. Operating Expenses Operating expenses increased $0.32 million, or 9.0%, to $3.87 million in the quarter ended June 30, 2025 compared to $3.55 million in the same period in 2024, due to increased payroll, benefits, recruitment costs, and sales commissions. Operating expenses increased $0.51 million, or 7.1%, to $7.69 million in six months ended June 30, 2025 compared to $7.18 million in the same period in 2024, due to increased payroll, benefits, recruitment costs and sales commissions. Adjusted EBITDA Adjusted EBITDA was negative $1.16 million for the quarter ended June 30, 2025 compared to negative $1.30 million for the quarter ended June 30, 2024. For the six months ended June 30, 2025, adjusted EBITDA was a negative $1.54 million compared to a negative $2.19 million for the six months ended June 30, 2024. (Adjusted EBITDA is defined as net income or loss attributable to Tecogen, adjusted for interest, income taxes, depreciation and amortization, stock-based compensation expense, unrealized gain or loss on investment securities, goodwill impairment charges and other non-cash non-recurring charges or gains including abandonment of intangible assets and asset impairment. See the table following the Condensed Consolidated Statements of Operations for a reconciliation from net income (loss) to Adjusted EBITDA, as well as important disclosures about the Company's use of Adjusted EBITDA). Conference Call Scheduled for August 13, 2025, at 9:30 am ET Tecogen will host a conference call on August 13, 2025 to discuss the second quarter results beginning at 9:30 am eastern time. To listen to the call please dial (877) 407-7186 within the U.S. and Canada, or +1 (201) 689-8052 from other international locations. Participants should ask to be joined to the Tecogen Second Quarter conference call. Please begin dialing 10 minutes before the scheduled starting time. The earnings press release will be available on the Company website at in the "News and Events" section under "About Us." The earnings conference call will be webcast live. To view the associated slides, register for and listen to the webcast, go to Following the call, the recording will be archived for 14 days. The earnings conference call will be recorded and available for playback one hour after the end of the call. To listen to the playback, dial (877) 660-6853 within the U.S. and Canada, or (201) 612-7415 from other international locations and use Conference Call ID#: 13752231. About Tecogen Tecogen Inc. designs, manufactures, sells, installs, and maintains high efficiency, ultra-clean, cogeneration products including engine-driven combined heat and power, air conditioning systems, and high-efficiency water heaters for residential, commercial, recreational and industrial use. The company provides cost effective, environmentally friendly and reliable products for energy production that nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint. In business for over 35 years, Tecogen has shipped more than 3,200 units, supported by an established network of engineering, sales, and service personnel in key markets in North America. For more information, please visit or contact us for a free Site Assessment. Forward Looking Statements This press release contains "forward-looking statements" which may describe strategies, goals, outlooks or other non-historical matters, or projected revenues, income, returns or other financial measures, that may include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," "target," "potential," "will," "should," "could," "likely," or "may" and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements except as required under the securities laws. In addition to those factors described in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and in our Current reports on Form 8-K, under "Risk Factors," and elsewhere therein, among the factors that could cause actual results to differ materially from past and projected future results are the following: fluctuations in demand for our products and services, competing technological developments, issues relating to research and development, the availability of incentives, rebates, and tax benefits relating to our products and services, changes in the regulatory environment relating to our products and services, integration of acquired business operations, the impact of tariffs, and the ability to obtain financing on favorable terms to fund existing operations and anticipated growth. In addition to GAAP financial measures, this press release includes certain non-GAAP financial measures, including adjusted EBITDA which excludes certain expenses as described in the presentation. We use Adjusted EBITDA as an internal measure of business operating performance and believe that the presentation of non-GAAP financial measures provides a meaningful perspective of the underlying operating performance of our current business and enables investors to better understand and evaluate our historical and prospective operating performance by eliminating items that vary from period to period without correlation to our core operating performance and highlights trends in our business that may not otherwise be apparent when relying solely on GAAP financial measures. Tecogen Media & Investor Relations Contact Information:Abinand RangeshP: 781-466-6487E: TECOGEN CONSOLIDATED BALANCE SHEETS(unaudited) June 30, 2025 December 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 1,640,864 $ 5,405,233 Accounts receivable, net 6,640,483 6,026,545 Inventories, net 9,679,229 9,634,005 Unbilled revenue 126,738 398,898 Prepaid and other current assets 949,256 680,565 Total current assets 19,036,570 22,145,246 Long-term assets: Property, plant and equipment, net 1,820,059 1,738,036 Right-of-use assets - operating leases 1,728,780 1,730,358 Right-of-use assets - finance leases 933,671 452,390 Intangible assets, net 2,330,959 2,513,189 Goodwill 2,346,566 2,346,566 Other assets 155,232 166,474 TOTAL ASSETS $ 28,351,837 $ 31,092,259 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Related party notes, current portion $ - $ 1,548,872 Accounts payable 4,946,218 4,142,678 Accrued expenses 2,976,211 2,890,886 Deferred revenue, current portion 4,420,644 6,701,131 Operating lease obligations, current portion 481,891 430,382 Finance lease obligations, current portion 173,362 85,646 Acquisition liabilities, current portion 883,541 902,552 Unfavorable contract liability, current portion 83,962 113,449 Total current liabilities 13,965,829 16,815,596 Long-term liabilities: Related party notes, net of current portion 1,067,848 - Deferred revenue, net of current portion 1,252,831 1,165,951 Operating lease obligations, net of current portion 1,295,450 1,341,789 Finance lease obligations, net of current portion 675,198 325,235 Acquisition liabilities, net of current portion 878,151 1,008,760 Unfavorable contract liability, net of current portion 275,079 309,390 Total liabilities 19,410,386 20,966,721 Commitments and contingencies Stockholders' equity: Tecogen Inc. stockholders' equity: Common stock, $0.001 par value; 100,000,000 shares authorized; 25,571,490 issued and outstanding at June 30, 2025 and 24,950,261 shares issued and outstanding at December 31, 2024 25,571 24,950 Additional paid-in capital 58,837,181 57,845,289 Accumulated deficit (49,763,921 ) (47,639,894 ) Total Tecogen Inc. stockholders' equity 9,098,831 10,230,345 Non-controlling interest (157,380 ) (104,807 ) Total stockholders' equity 8,941,451 10,125,538 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 28,351,837 $ 31,092,259 TECOGEN CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited) Three Months Ended June 30, 2025 June 30, 2024 Revenues Products $ 3,155,323 $ 119,673 Services 3,965,168 4,126,517 Energy production 174,329 481,597 Total revenues 7,294,820 4,727,787 Cost of sales Products 2,232,155 171,982 Services 2,469,737 2,191,815 Energy production 130,436 284,835 Total cost of sales 4,832,328 2,648,632 Gross profit 2,462,492 2,079,155 Operating expenses: General and administrative 3,091,175 2,897,993 Selling 514,735 405,277 Research and development 268,724 246,489 (Gain) loss on disposition of assets (280 ) 3,363 Total operating expenses 3,874,354 3,553,122 Loss from operations (1,411,862 ) (1,473,967 ) Other income (expense) Other income (expense), net (6,378 ) 18,894 Interest expense (38,153 ) (17,869 ) Unrealized loss on investment securities - (37,497 ) Total other income (expense), net (44,531 ) (36,472 ) Loss before provision for state income taxes (1,456,393 ) (1,510,439 ) Provision for state income taxes 16,762 37 Consolidated net loss (1,473,155 ) (1,510,476 ) (Income) loss attributable to the non-controlling interest 9,050 (28,320 ) Loss attributable to Tecogen Inc. $ (1,464,105 ) $ (1,538,796 ) Net loss per share - basic $ (0.06 ) $ (0.06 ) Weighted average shares outstanding - basic 25,250,217 24,850,261 Net loss per share - diluted $ (0.06 ) $ (0.06 ) Weighted average shares outstanding - diluted 25,250,127 24,850,261 Three Months Ended June 30, 2025 June 30, 2024 Non-GAAP financial disclosure (1) Net loss attributable to Tecogen Inc. $ (1,464,105 ) $ (1,538,796 ) Interest expense, net 38,153 17,869 Income taxes 16,762 37 Depreciation & amortization, net 205,686 141,361 EBITDA (1,203,504 ) (1,379,529 ) Stock based compensation 42,606 45,463 Unrealized loss on investment securities - 37,497 Adjusted EBITDA $ (1,160,898 ) $ (1,296,569 ) (1) Non-GAAP Financial Measures In addition to reporting net income, a U.S. generally accepted accounting principle ("GAAP") measure, this news release contains information about Adjusted EBITDA (net income (loss) attributable to Tecogen Inc adjusted for interest, income taxes, depreciation and amortization, stock-based compensation expense, unrealized gain or loss on investment securities, goodwill impairment charges and other non-cash non-recurring charges including abandonment of certain intangible assets), which is a non-GAAP measure. The Company believes Adjusted EBITDA allows investors to view its performance in a manner similar to the methods used by management and provides additional insight into its operating results. Adjusted EBITDA is not calculated through the application of GAAP. Accordingly, it should not be considered as a substitute for the GAAP measure of net income and, therefore, should not be used in isolation of, but in conjunction with, the GAAP measure. The use of any non-GAAP measure may produce results that vary from the GAAP measure and may not be comparable to a similarly defined non-GAAP measure used by other companies. TECOGEN CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited) Six Months Ended June 30, 2025 June 30, 2024 Revenues Products $ 5,689,132 $ 1,611,071 Services 8,210,190 8,140,827 Energy production 673,268 1,161,985 Total revenues 14,572,590 10,913,883 Cost of sales Products 3,719,905 1,221,525 Services 4,728,635 4,284,072 Energy production 440,518 753,475 Total cost of sales 8,889,058 6,259,072 Gross profit 5,683,532 4,654,811 Operating expenses: General and administrative 6,019,310 5,746,559 Selling 1,109,216 934,946 Research and development 561,392 501,185 Gain on sale of assets (280 ) (4,028 ) Total operating expenses 7,689,638 7,178,662 Loss from operations (2,006,106 ) (2,523,851 ) Other income (expense) Other income (expense), net (20,623 ) 3,147 Interest expense (70,479 ) (36,539 ) Unrealized loss on investment securities (18,749 ) (18,749 ) Total other income (expense), net (109,851 ) (52,141 ) Loss before provision for state income taxes (2,115,957 ) (2,575,992 ) Provision for state income taxes 17,687 22,100 Consolidated net loss (2,133,644 ) (2,598,092 ) (Income) loss attributable to non-controlling interest 9,617 (45,671 ) Net loss attributable to Tecogen Inc. $ (2,124,027 ) $ (2,643,763 ) Net loss per share - basic $ (0.08 ) $ (0.11 ) Weighted average shares outstanding - basic 25,103,388 24,850,261 Net loss per share - diluted $ (0.08 ) $ (0.11 ) Weighted average shares outstanding - diluted 25,103,388 24,850,261 Six Months Ended June 30, 2025 June 30, 2024 Non-GAAP financial disclosure (1) Net loss attributable to Tecogen Inc. $ (2,124,027 ) $ (2,643,763 ) Interest expense, net 70,479 36,539 Income taxes 17,687 22,100 Depreciation & amortization, net 391,381 281,498 EBITDA (1,644,480 ) (2,303,626 ) Stock based compensation 83,439 89,998 Unrealized loss on marketable securities 18,749 18,749 Adjusted EBITDA $ (1,542,292 ) $ (2,194,879 ) (1) Non-GAAP Financial Measures In addition to reporting net income, a U.S. generally accepted accounting principle ("GAAP") measure, this news release contains information about Adjusted EBITDA (net income (loss) attributable to Tecogen Inc adjusted for interest, income taxes, depreciation and amortization, stock-based compensation expense, unrealized gain or loss on investment securities, goodwill impairment charges and other non-cash non-recurring charges including abandonment of certain intangible assets), which is a non-GAAP measure. The Company believes Adjusted EBITDA allows investors to view its performance in a manner similar to the methods used by management and provides additional insight into its operating results. Adjusted EBITDA is not calculated through the application of GAAP. Accordingly, it should not be considered as a substitute for the GAAP measure of net income and, therefore, should not be used in isolation of, but in conjunction with, the GAAP measure. The use of any non-GAAP measure may produce results that vary from the GAAP measure and may not be comparable to a similarly defined non-GAAP measure used by other companies. TECOGEN CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited) Six Months Ended June 30, 2025 June 30, 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Consolidated net loss $ (2,133,644 ) $ (2,598,092 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 391,381 281,498 Provision for (recovery of) credit losses (75,000 ) 19,063 Stock-based compensation 83,439 89,998 Unrealized loss on investment securities 18,749 18,749 Gain on disposition of assets (280 ) (4,028 ) Non-cash interest expense 33,538 12,800 Changes in operating assets and liabilities (Increase) decrease in: Accounts receivable (538,938 ) 1,398,193 Inventory (45,224 ) 439,926 Unbilled revenue 272,160 - Prepaid assets and other current assets (268,691 ) (125,784 ) Other assets 186,766 576,926 Increase (decrease) in: Accounts payable 803,540 (108,646 ) Accrued expenses and other current liabilities 85,325 39,838 Deferred revenue (2,193,607 ) 806,266 Other liabilities (395,134 ) (756,410 ) Net cash provided by (used in) operating activities (3,775,620 ) 90,297 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment (277,989 ) (556,636 ) Proceeds from disposition of assets 280 36,213 Distributions to non-controlling interest (42,956 ) (48,654 ) Net cash used in investing activities (320,665 ) (569,077 ) CASH FLOWS FROM FINANCING ACTIVITIES: Finance lease principal payments (63,010 ) (30,577 ) Proceeds from exercise of stock options 394,926 - Net cash provided (used in) by financing activities 331,916 (30,577 ) Net increase (decrease) in cash and cash equivalents (3,764,369 ) (509,357 ) Cash and cash equivalents, beginning of the period 5,405,233 1,351,270 Cash and cash equivalents, end of the period $ 1,640,864 $ 841,913 Supplemental disclosure of cash flow information: Cash paid for interest $ 36,526 $ 22,909 Cash paid for taxes $ 17,687 $ 22,100 Non-cash investing activities Right-of-use assets acquired under operating leases $ 193,480 $ 1,547,800 Right-of-use assets acquired under finance leases $ 557,893 $ 27,282 Aegis Contract and Related Asset Acquisition: Contingent consideration $ - $ 272,901 Non-cash financing activities Related party note conversion to common stock $ 514,148 $ - SOURCE: Tecogen, Inc. View the original press release on ACCESS Newswire Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
an hour ago
- Business Wire
Invitation Homes Announces Pricing of $600 Million of 4.950% Senior Notes due 2033
DALLAS--(BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH) ('Invitation Homes,' the 'Company,' or 'our') announced today that its operating partnership, Invitation Homes Operating Partnership LP (the 'Operating Partnership'), has priced a public offering of $600 million aggregate principal amount of 4.950% Senior Notes due 2033 (the 'Notes'). The Notes were priced at 99.477% of the principal amount and will mature on January 15, 2033. The offering is expected to close on August 15, 2025, subject to the satisfaction of customary closing conditions. The Notes will be fully and unconditionally guaranteed, jointly and severally, by the Company, Invitation Homes OP GP LLC, and IH Merger Sub, LLC. The Operating Partnership intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of a portion of the Operating Partnership's outstanding indebtedness under its revolving credit facility. BofA Securities, BMO Capital Markets, J.P. Morgan, Capital One Securities, Deutsche Bank Securities, M&T Securities, Mizuho, Morgan Stanley, PNC Capital Markets LLC, RBC Capital Markets and Wells Fargo Securities are acting as the joint book-running managers of the offering. KeyBanc Capital Markets, Regions Securities LLC, US Bancorp, BNP PARIBAS, BNY Capital Markets, Goldman Sachs & Co. LLC, Huntington Capital Markets, Truist Securities, Citigroup, R. Seelaus & Co., LLC, and Scotiabank are acting as the co-managers of the offering. The offering is being made pursuant to an effective shelf registration statement filed by the Company, the Operating Partnership, Invitation Homes OP GP LLC, and IH Merger Sub, LLC with the Securities and Exchange Commission (the 'SEC'). A prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC. When available, a copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from: BofA Securities, Inc., toll-free: 1-800-294-1322; BMO Capital Markets Corp., toll-free: 1-800-200-0266; and J.P. Morgan Securities LLC, toll-free: 212-834-4533; or by visiting the EDGAR database on the SEC's website at This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Invitation Homes Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality homes with valued features such as close proximity to jobs and access to good schools. Our purpose, Unlock the power of home™, reflects our commitment to providing living solutions and Genuine CARE™ to the growing share of people who count on the flexibility and savings of leasing a home. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which include, but are not limited to, statements related to the Company's expectations regarding the performance of the Company's business, its financial results, its liquidity and capital resources and the use of the net proceeds from the offering, and other non-historical statements. In some cases, you can identify these forward-looking statements by the use of words such as 'outlook,' 'guidance,' 'believes,' 'expects,' 'potential,' 'continues,' 'may,' 'will,' 'should,' 'could,' 'seeks,' 'projects,' 'predicts,' 'intends,' 'plans,' 'estimates,' 'anticipates' or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties that may impact our financial condition, results of operations, cash flows, business, associates, and residents, including, among others, risks inherent to the single-family rental industry and the Company's business model, macroeconomic factors beyond the Company's control, competition in identifying and acquiring properties, competition in the leasing market for quality residents, increasing property taxes, homeowners' association fees and insurance costs, poor resident selection and defaults and non-renewals by the Company's residents, the Company's dependence on third parties for key services, risks related to the evaluation of properties, performance of the Company's information technology systems, development and use of artificial intelligence, risks related to the Company's indebtedness, risks related to the potential negative impact of fluctuating global and United States economic conditions (including inflation), uncertainty in financial markets (including as a result of events affecting financial institutions), geopolitical tensions, natural disasters, climate change, and public health crises. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The Company believes these factors include, but are not limited to, those described under Part I. Item 1A. 'Risk Factors' of the Company's Annual Report on Form 10-K for the year ended December 31, 2024 (the 'Annual Report'), as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC's website at These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release, in the Annual Report, and in the Company's other periodic filings. The forward-looking statements speak only as of the date of this press release, and the Company expressly disclaims any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except to the extent otherwise required by law.
Business Wire
an hour ago
- Business Wire
XIFR INVESTOR ALERT: Kirby McInerney LLP Alerts XPLR Infrastructure, LP f/k/a NextEra Energy Partners, LP Investors of Important Lead Plaintiff Deadline in Class Action Lawsuit
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP alerts investors of the imminent September 8, 2025 deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of investors who acquired XPLR Infrastructure, LP f/k/a NextEra Energy Partners, LP ('XPLR' or the 'Company') (NYSE:XIFR) securities during the period from September 27, 2023 and January 27, 2025 ('the Class Period'). The firm encourages investors to contact the firm as soon as possible to be appointed lead plaintiff. [ LEARN MORE ABOUT THE CLASS ACTION ] On January 28, 2025, XPLR announced that it would suspend cash distributions to common unitholders entirely and essentially abandon its yieldco model. In a press release, XPLR revealed a strategic repositioning and stated that the Company was moving from a business model that focused almost entirely on raising new capital to acquire assets while distributing substantially all of its excess cash flows to unitholders to a model in which XPLR Infrastructure utilizes retained operating cash flows to fund attractive investments. In addition, XPLR announced that the Company's CEO and CFO had both resigned and been replaced. On this news, the price of XPLR's common units declined by $5.31, or approximately 33.6%, from $15.80 per unit on January 27, 2025 to close at $10.49 per unit on January 29, 2025. The lawsuit alleges that XPLR made materially false and/or misleading statements regarding the Company's: (i) struggle to maintain its operations as a yieldco; (ii) financing arrangements which were made while downplaying the attendant risks; (iii) inability to resolve those financings before their maturity date without risking unitholder dilution, and (iv) plan to halt cash distributions to investors and redirect funds to resolve those financings. If you purchased or otherwise acquired XPLR securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@ or fill out the contact form below, to discuss your rights or interests with respect to these matters without any cost to you. [ CONTACT FORM ] Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
