SAN JOSE, Calif., April 1, 2026 /PRNewswire/ -- TurnOnGreen, Inc. (OTC: TOGI) ("TurnOnGreen" or the "Company") today announced financial results for the year ended December 31, 2025, as reported in its Annual Report on Form 10-K.
TurnOnGreen, through its wholly owned subsidiaries Digital Power Corporation ("DPC") and TOG Technologies Inc. ("TOG"), is an emerging provider of premium power electronics and electric vehicle (EV) charging solutions, serving markets including defense, aerospace, medical, industrial, telecommunications, and e-Mobility.
2025 Financial Highlights
- Revenue increased 47% to $7.2 million
- Gross profit increased 56% to $3.3 million
- Operating loss decreased 62% to $1.3 million
- Net loss decreased 47%
All metrics are compared to fiscal 2024
Revenue and Gross Profit
Revenue totaled $7,228,000, representing an increase of $2,316,000 (47%) compared to fiscal 2024. Gross profit totaled $3,319,000, an increase of $1,197,000 (56%) compared to fiscal 2024. These increases were primarily attributable to a new defense customer, increased sales to existing defense and telecommunications customers, and expansion in EV supply equipment and services. Gross margins were partially impacted by higher component costs from China and related tariffs.
Operating Results
Operating loss decreased to $1,334,000, an improvement of $2,210,000 (62%) compared to fiscal 2024. The decrease was primarily driven by increased gross profit, reduced sales and marketing expenses, lower overhead allocation, and decreased inventory write-offs.
Business Mix and Growth Strategy
Approximately 83% of TurnOnGreen's revenue is derived from its power electronics solutions, including custom-designed and modified standard power systems, and approximately 17% is derived from EV charging infrastructure and subscription-based network management services. The Company continues to expand its footprint across defense, telecommunications, industrial, and e-mobility market segments.
Management Commentary
"2025 marked a pivotal year for TurnOnGreen, highlighted by strong revenue growth, improved operational discipline, and expanding opportunities in both power electronics segment and EV infrastructure markets," said Amos Kohn, Chief Executive Officer and Chairman of TurnOnGreen, Inc.
"We remain focused on delivering high-performance power solutions tailored to demanding applications, primarily driven by our defense, telecommunications, and industrial customers, while scaling our recurring revenue streams through EV charging infrastructure and services," Mr. Kohn added.
"Our commitment to delivering meaningful value for our shareholders and clients remains a core driver of our sustained growth, strategic alignment, and operational performance," added Marcus Charuvastra, President of TurnOnGreen, Inc.
Management expects continued growth driven by defense programs and expanding EV infrastructure opportunities.
About TurnOnGreen
TurnOnGreen, Inc. (OTC: TOGI) designs and manufactures innovative, feature-rich, high-quality power products for mission-critical, lifesaving, and life-sustaining applications across multiple sectors operating in harsh environments. The Company serves markets including defense and aerospace, medical and healthcare, industrial, telecommunications, and e-mobility. TurnOnGreen is headquartered in San Jose, California. For more information, please visit www.TurnOnGreen.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to, among other things, anticipated infrastructure expansion, growth in access to EV charging facilities, potential future revenues, the transition to sustainable transportation, and the potential long-term impacts of the Company's products. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. These statements are based on current beliefs and assumptions and are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise them publicly. Actual results may differ materially from those expressed or implied. For additional information regarding these risks, please refer to the Company's filings with the U.S. Securities and Exchange Commission, including Forms 10-K, 10-Q, and 8-K, available at www.sec.gov and www.TurnOnGreen.com.
SOURCE TurnOnGreen, Inc.
