# TurnOnGreen, Inc. > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/fi/companies/TurnOnGreen, Inc.). ## Overview 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. ## Products & services • Custom power conversion and power system solutions • High-power-density engineered power products • EV residential, commercial, and ultra-fast chargers • Charging management software and network services • Custom design and manufacturing services - **Custom power conversion systems** (65%) — Highly engineered power supplies, converters, and control solutions for mission-critical applications. - **EV charging hardware** (20%) — Residential, commercial, and ultra-fast EV charging products sold through TOGT. - **Charging software and network services** (5%) — Software and services used to manage, monitor, and operate EV charging deployments. - **Custom engineering and design services** (10%) — Application-specific design, firmware, and manufacturing support for customer power projects. - Custom power conversion and power system solutions - High-power-density engineered power products - EV residential, commercial, and ultra-fast chargers - Charging management software and network services - Custom design and manufacturing services ## Customers 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. - **Defense and military** (primary) — Buys custom power systems for mission-critical applications where reliability and specification compliance matter. - **Commercial and industrial** (primary) — Buys engineered power products and custom designs for equipment and facility applications. - **Medical** (secondary) — Buys high-grade power solutions for regulated equipment and sensitive operating environments. - **Telecommunications** (secondary) — Buys power conversion solutions for communications infrastructure and related systems. - **EV charging customers** (secondary) — Buys charging hardware, software, and network services for residential and commercial deployment. - Defense customers needing rugged, mission-critical power systems - Commercial customers buying custom power conversion products - Medical customers requiring high-reliability power equipment - Telecommunications and industrial users with specialized power needs - EV charging buyers such as property owners, operators, and fleets ## Geography 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. - Headquartered in the United States - Revenue disclosure is by end market, not by country - U.S. defense and commercial demand are important end markets - Component sourcing from China affects cost structure - EV charging products can be deployed across U.S. sites ## Strategy 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. - **Win mission-critical custom power programs** (short-term) — These programs reward engineering depth, reliability, and customer-specific design. - **Scale EV charging solutions** (medium-term) — EV infrastructure broadens the company beyond legacy power products and can create recurring software/service revenue. - **Leverage proprietary power technology** (medium-term) — Core design and process know-how can support product differentiation and customer retention. - Target custom power niches with technical requirements - Use proprietary core technology to differentiate products - Serve defense, medical, telecom, and industrial end markets - Expand EV charging hardware and software offerings - Shorten time to market through custom design and firmware ## Risks 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. - **Customer concentration and project dependence** [high] — Revenue is driven by a limited number of custom programs, so delays or expirations can materially affect sales. - **China sourcing and tariff exposure** [high] — The company disclosed higher component costs from China and tariffs, which can pressure gross profit. - **Going-concern and liquidity risk** [critical] — Recurring losses and negative working capital increase dependence on external financing. - **Execution risk in EV charging expansion** [medium] — The company is extending into a broader product and software platform that requires market adoption and operational scale. - Custom project timing can cause volatile revenue and margins - Component sourcing from China exposes the company to tariffs - Customer concentration in defense and other niche markets - Going-concern and financing risk from recurring losses - Execution risk in scaling EV charging products and software ## Accounting The most important accounting issues are inventory valuation, accruals for liabilities, and the timing of revenue recognition on custom projects. Investors should also watch estimates around preferred stock, related-party interest, and any impairment or recoverability judgments tied to a small operating base and limited liquidity. - **Inventory valuation** — Hardware and component write-down risk - **Accruals for certain liabilities** — Operating expense and balance sheet estimates - **Revenue recognition on custom projects** — Quarterly revenue volatility - **Preferred stock and related-party interest** — Earnings attributable to common shareholders - **Going-concern assessment** — Financial statement presentation and disclosure - Inventory valuation affects margins on engineered hardware - Accruals for liabilities can move operating results - Custom project revenue timing can affect quarterly comparability - Related-party interest and preferred stock terms affect net loss - Going-concern assumptions influence asset and liability presentation --- *Last updated: 2026-04-29T05:04:45.311374+00:00*