TurnOnGreen, Inc. reported its financial results for the third quarter and the first nine months of 2025, showing a significant increase in revenue and a reduction in net losses compared to the same periods in 2024. For the three months ended September 30, 2025, the company generated revenue of $1.742 million, a 35% increase from $1.290 million in the prior year. For the nine-month period, revenue rose to $5.026 million, up 33% from $3.751 million. The gross profit for the third quarter was $717,000, reflecting a 6% increase from $675,000 in the same quarter last year, while the gross profit for the nine months increased by 18% to $2.128 million.
Despite the revenue growth, TurnOnGreen reported a net loss of $509,000 for the third quarter, a decrease of 23% from a loss of $660,000 in the same quarter of 2024. For the nine-month period, the net loss was $1.701 million, down 22% from $2.193 million in the previous year. The company attributed the improved financial performance to increased sales from both defense and commercial customers, although it faced challenges from rising component costs and tariffs. Operating expenses decreased by 14% in the third quarter, primarily due to reduced selling and marketing costs.
In terms of operational developments, TurnOnGreen's total current assets increased to $2.119 million as of September 30, 2025, compared to $1.754 million at the end of 2024. The company also reported a rise in accounts receivable and inventories, indicating a growing business. However, total liabilities increased to $10.165 million from $8.477 million, largely due to an increase in related party notes and advances payable, which rose to $7.181 million. The company continues to rely on financing from its parent company, Hyperscale Data, Inc., to support its operations.
Looking ahead, TurnOnGreen has entered into a Securities Purchase Agreement with SJC Lending LLC to sell convertible promissory notes totaling up to $1.65 million. This financing is intended to support the company's ongoing development activities and working capital needs. However, the company has expressed substantial doubt about its ability to continue as a going concern, citing recurring operating losses and insufficient cash flows. Management plans to address these challenges by seeking additional financing and improving operational efficiencies.
Overall, while TurnOnGreen has made progress in revenue growth and reducing losses, it faces ongoing financial challenges and must secure additional funding to sustain its operations and growth trajectory.
About TurnOnGreen, Inc.
TurnOnGreen, Inc. designs and manufactures power electronic and EV charging solutions for diverse markets including defense, aerospace, medical, industrial, and e-mobility. Its core offerings include high-efficiency power systems and customizable charging stations, serving global customers through direct sales and strategic partnerships. The company emphasizes innovative, feature-rich products, flexible manufacturing, and recurring revenue models in a competitive, rapidly evolving industry focused on green energy and infrastructure development.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.