TurnOnGreen, Inc. reported a significant increase in financial performance for the fiscal year ending December 31, 2025, with revenues reaching $7.2 million, a 47% increase from $4.9 million in 2024. The company also saw a gross profit rise to $3.3 million, up from $2.1 million the previous year. This growth was primarily driven by new sales from a defense customer, which contributed $1.1 million, alongside increased sales from existing customers in the defense and telecommunications sectors. However, the gross profit margin was negatively impacted by rising costs for components sourced from China and related tariffs.
The company’s operating expenses decreased to $4.7 million from $5.7 million in 2024, largely due to a reduction in selling and marketing expenses and the absence of a significant write-off of EV-related assets that occurred in the prior year. Despite these improvements, TurnOnGreen reported a net loss of $2.1 million, a reduction from a loss of $4.0 million in 2024. The decrease in net loss was attributed to improved gross profit and lower operating expenses, although interest expenses increased.
Strategically, TurnOnGreen is focusing on expanding its electric vehicle (EV) charging solutions segment, which accounted for approximately 17% of total revenue in 2025, up from 8% in 2024. The company is actively pursuing partnerships and acquisitions to enhance its market presence and product offerings. As of December 31, 2025, TurnOnGreen had approximately 18 full-time employees and reported a backlog of $6.5 million, indicating a solid pipeline of future business.
Operationally, the company continues to face challenges related to supply chain disruptions and component shortages, which have affected its ability to meet customer demand. The ongoing geopolitical tensions and trade policies, particularly with China, have further complicated procurement processes. TurnOnGreen is implementing measures to mitigate these risks, including supplier diversification and inventory management initiatives.
Looking ahead, TurnOnGreen anticipates continued growth in its EV charging infrastructure as demand increases from fleet operators and municipalities. The company plans to finance its operations primarily through equity sales and additional financing sources, although there is substantial doubt about its ability to continue as a going concern without significant revenue growth. The management is committed to addressing its operational challenges and enhancing its financial stability to support future growth.
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.
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