TurboGen FY26 H1 net loss narrows 45% to $4.2 million; operating loss widens to $5.2 million
Bitget2026/09/24 11:15- TurboGen posted no revenue for the six months ended June 30, 2026, while operating loss widened to $5.2 million from $2.3 million.
- Net loss narrowed 45% to $4.2 million from $7.6 million, citing a $6.4 million favorable change in warrant fair value.
- R&D expense more than doubled to $1.9 million from $830,400, while general and administrative costs climbed to $3.1 million from $1.4 million.
- Cash and cash equivalents totaled $7.2 million at June 30, 2026, up from $3.9 million at Dec. 31, 2025.
- Completed assembly of its first 80kW TR8000 model; raised $5 million in August and expects initial 32kW-80kW installations late 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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