TurnOnGreen's Financial Results Showcase Notable Revenue Growth and Margin Expansion
TurnOnGreen Reports Positive Financial Results for 2026
TurnOnGreen, Inc. (OTC: TOGI) has released its financial performance results for the first half of 2026, revealing a growth trajectory that indicates a promising future for the company. This emerging player in the electric vehicle (EV) charging solutions sector experienced significant improvements in revenue and gross margins, reflecting its effective business strategies and operational improvements.
Financial Performance Breakdown
During the first six months of 2026, TurnOnGreen reported revenues of approximately $3.49 million, marking a 6% increase compared to $3.284 million in the same period of 2025. Additionally, gross profits rose by 16%, reaching $1.634 million compared to $1.411 million the previous year. This trend highlights the company's ability to enhance profitability amid a competitive market.
Further, operating losses improved by 15%, decreasing to $775,000, down from $914,000 year-over-year. The net loss also saw a reduction, coming in at $1.121 million compared to $1.192 million during the same stretch last year.
Second Quarter Highlights
Focusing on the second quarter alone, TurnOnGreen's revenue saw a 4% increase, bringing in $1.754 million as opposed to $1.692 million in Q2 2025. Gross profit surged by 21%, reaching $821,000 as compared to $681,000 during the previous year quarter. Notably, the gross margin expanded to approximately 47%, up from about 40% a year earlier, demonstrating efficient cost management and improved product pricing strategies.
The company also recorded an 18% decrease in operating expenses, which fell to $975,000 from $1.185 million in Q2 2025. Operating losses improved significantly, decreasing by 69% to $154,000, while net loss improved by 47%, totaling $348,000.
Marking its sixth consecutive quarter of year-over-year revenue growth, the results indicate TurnOnGreen's successful tactics in navigating the complex EV charging market.
Executive Insights
Amos Kohn, Chairman and CEO of TurnOnGreen, commented, "Our results for the first six months of 2026 showcase our commitment to enhancing TurnOnGreen's financial standing and operational proficiency. The notable revenue increase of approximately 6% alongside a gross profit growth of about 16% signals our consistent progress compared to last year. Importantly, this upward trend accelerated during the second quarter, pointing towards a strengthening market presence."
Power Electronics Sector Growth
TurnOnGreen's power electronics sector proved to be a strong revenue driver, recording approximately $2.815 million during the first half of 2026, surging from $2.486 million in the same period last year. In Q2, power supply revenue jumped an impressive 34%, bringing in $1.628 million versus $1.213 million in Q2 2025. The company’s power electronics operations, conducted through its subsidiary Digital Power Corporation, focus on creating high-performance power systems for crucial sectors, including defense, aerospace, telecommunications, and healthcare.
As TurnOnGreen continues its journey toward growth, it remains committed to delivering innovative EV charging and power solutions. The company's strong performance in the first half of 2026 demonstrates not just financial resilience but also an intent to capture higher market shares in the burgeoning EV market.
About TurnOnGreen, Inc.
TurnOnGreen, Inc. designs and manufactures high-performance power solutions for operationally demanding applications across various industries. With a legacy of over 50 years in engineering expertise, the company emphasizes sustainability, efficiency, and reliability in its mission to deliver products that meet intricate operational demands. Based in San Jose, California, TurnOnGreen collaborates with global partners to develop advanced power systems tailored for diverse applications. For industry stakeholders and investors alike, TurnOnGreen is positioning itself as a critical player in the ongoing transition toward clean energy solutions.
For further details about their innovations and updates, visit TurnOnGreen's website.
Topics Consumer Technology）
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