TurnOnGreen, Inc.
TurnOnGreen, Inc. designs, manufactures, and sells custom power conversion and power system solutions through its subsidiaries Digital Power Corporation and TOG Technologies Inc. The company also offers EV charging products and charging management software and network services for residential, commercial, and ultra-fast charging applications. It is based in the United States and serves customers across multiple industrial and mission-critical end markets.
Tilikausi 2025 · muutos edellisvuodesta
Kehitys 2020–2025
Liiketoiminta
Osuus liikevaihdostaHighly engineered power supplies, converters, and control solutions for mission-critical applications.
Residential, commercial, and ultra-fast EV charging products sold through TOGT.
Software and services used to manage, monitor, and operate EV charging deployments.
Application-specific design, firmware, and manufacturing support for customer power projects.
Asiakkaat
TurnOnGreen sells to customers that need specialized power solutions with tight technical requirements, including defense, commercial, medical, telecommunications, industrial, and e-mobility users. Its EV charging offerings address residential, commercial, and fleet or public charging operators that need hardware plus software to deploy and manage charging infrastructure.
Buys custom power systems for mission-critical applications where reliability and specification compliance matter.
Buys engineered power products and custom designs for equipment and facility applications.
Buys high-grade power solutions for regulated equipment and sensitive operating environments.
Buys power conversion solutions for communications infrastructure and related systems.
Buys charging hardware, software, and network services for residential and commercial deployment.
Strategia
The company’s strategy is to win custom power projects where design flexibility, product quality, and fast time to market are important. It is also extending its core power technology into EV charging hardware, software, and network services to broaden its addressable market and create a more scalable product line.
These programs reward engineering depth, reliability, and customer-specific design.
EV infrastructure broadens the company beyond legacy power products and can create recurring software/service revenue.
Core design and process know-how can support product differentiation and customer retention.
Maantiede
TurnOnGreen is a U.S.-based company, and the disclosed operating and customer mix in the reports is centered on domestic end markets. The filings do not provide a country revenue split, but the business is exposed to U.S. industrial, defense, medical, and EV infrastructure demand, while component sourcing includes China.
Riskit
The business depends on winning and executing custom projects, so delays, cancellations, or lower-than-expected volumes can quickly affect results. It also faces supply-chain and sourcing risk, including higher component costs from China and tariffs, plus financing and going-concern risk given recurring losses and limited liquidity.
Recurring losses and negative working capital increase dependence on external financing.
Kohdistuu: Equity sales and term notes
Revenue is driven by a limited number of custom programs, so delays or expirations can materially affect sales.
The company disclosed higher component costs from China and tariffs, which can pressure gross profit.
Kohdistuu: Imported electronic components
The company is extending into a broader product and software platform that requires market adoption and operational scale.
Kirjanpito
Harkinnanvaraiset erätThe company explicitly identifies inventory valuation as a critical estimate, which affects cost of revenue and gross profit.
Vaikutus: Hardware and component write-down risk
Management says liability accruals are critical, so estimates can change reported expenses and working capital.
Vaikutus: Operating expense and balance sheet estimates
Project-based engineering work can involve milestone or delivery-based recognition and timing differences.
Vaikutus: Quarterly revenue volatility
Preferred dividends and related-party financing terms materially affect net loss available to common shareholders.
Vaikutus: Earnings attributable to common shareholders
Negative working capital and recurring losses require management judgment about asset recoverability and financing assumptions.
Vaikutus: Financial statement presentation and disclosure
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Päivitetty: 29.4.2026