Recent developments highlight TurnOnGreen's expansion in EV charging infrastructure and defense contracts, alongside financial reporting and strategic partnerships.

• TurnOnGreen reported its 2025 financial results following the Form 10-K filing, disclosing $7.23 million in revenue and a net loss of $2.11 million for the year ended December 31, 2025 [N1].
• The company partnered with Total Energy Solutions Corp (TESCO) to deploy DC fast charging infrastructure across key travel corridors in Indiana [N2].
• TurnOnGreen completed an EV charging project at Hi-Desert Medical Center with grant funding from the Mojave Desert Air Quality Management District [N3].
• Digital Power Corporation secured a design win with a major post-production technology provider, expanding its commercial customer base [N4].
• TurnOnGreen expanded EV charging infrastructure at Purdue University in partnership with TESCO, enhancing its presence in educational institutions [N6].
• The company began supplying qualified power systems to a major defense contractor, marking progress in its defense market segment [N7].
• TurnOnGreen expanded its contract portfolio with a $7.5 million backlog, reflecting growing order book strength [N8].
• The company worked with the City of Foster City to expand electric vehicle charging infrastructure, demonstrating municipal engagement [N5].

TurnOnGreen has demonstrated growth in revenues and contract backlog, including significant defense contracts and partnerships to expand EV charging infrastructure in public and commercial sectors. Its proprietary technology and diversified product offerings position it to serve multiple high-growth markets such as e-Mobility and telecommunications. The company's recent design wins and project completions, supported by grant funding and strategic partnerships, indicate progress in commercial execution and market penetration. Cost management efforts, including reductions in selling and marketing expenses, have contributed to narrowing operating losses in recent periods.

TurnOnGreen faces ongoing challenges with recurring net losses and limited liquidity, as reflected in low current and cash ratios and negative working capital. The company has substantial doubt about its ability to continue as a going concern without additional financing, relying on equity sales and convertible promissory notes to fund operations. Increased costs for components sourced from China and related tariffs have negatively impacted gross margins. The company's dependence on a limited number of significant customers, particularly in defense, and exposure to supply chain and regulatory risks present execution and financial risks. The competitive landscape for EV charging and power solutions is evolving, requiring sustained investment and operational discipline.

TurnOnGreen's moat derives from its proprietary core power technologies and integrated circuit implementations that enable the design and manufacture of high-grade, efficient, and dense power conversion and power system solutions. This technological foundation supports custom product design services that meet rigorous environmental and performance requirements, creating barriers to entry for competitors. The company's direct customer relationships and ability to provide tailored solutions with short time to market further strengthen its competitive position. Additionally, its diversified presence across multiple industries, including defense and e-Mobility, and its expanding EV charging infrastructure network contribute to its strategic positioning.

• Liquidity and Going Concern Risk: The company has recurring net losses, negative working capital, and limited cash reserves, raising substantial doubt about its ability to continue as a going concern without additional financing.
• Customer Concentration and Market Dependency: TurnOnGreen relies on significant contracts from defense industry customers and a limited number of commercial clients, which may impact revenue stability if contracts are not renewed or expanded.
• Supply Chain and Cost Risks: Increased costs for components sourced from China and tariffs have negatively affected gross profit margins, posing risks to profitability and pricing strategies.
• Competitive and Technological Risks: The markets for EV charging infrastructure and custom power solutions are competitive and rapidly evolving, requiring continuous innovation and investment to maintain market position.

• TurnOnGreen, Inc. is a premium custom power products and emerging electric vehicle (EV) electrification infrastructure solutions company.
• It operates through wholly owned subsidiaries Digital Power Corporation (DPC) and TOG Technologies Inc. (TOGT).
• DPC designs, develops, manufactures, and sells highly engineered, feature-rich, high-grade power conversion and power system solutions for diverse industries including e-Mobility, medical, military, telecommunications, and industrial sectors.
• TOGT markets and sells scalable EV residential, commercial, and ultra-fast charging products along with comprehensive charging management software and network services.
• The company leverages proprietary core power technologies including integrated circuits to provide cost-effective, custom-designed power solutions with high efficiency and density.
• TurnOnGreen aims to be the supplier of choice in markets requiring custom design, superior product quality, time to market, and competitive pricing.
• The company reported full-year 2025 revenue of $7.23 million and a net loss of $2.11 million, with basic and diluted EPS of -$0.01 per share as of December 31, 2025.
• Liquidity ratios as of December 31, 2025, show a current ratio of 0.24 and a cash ratio of 0.01, indicating limited short-term liquidity.
• The company has recurring net losses and negative working capital, with cash and cash equivalents of $65,000 as of September 30, 2022, and $0.1 million as of September 30, 2025.
• TurnOnGreen has entered into a Securities Purchase Agreement with SJC Lending LLC for convertible promissory notes totaling up to $1.65 million to support working capital needs.
• Recent news highlights include partnerships to deploy DC fast charging infrastructure across Indiana with TESCO, completion of EV charging projects with grant funding, and expansion of EV charging infrastructure at universities and municipalities.
• The company has secured design wins and contracts with major defense contractors and expanded its contract backlog to $7.5 million as of mid-2025.
• TurnOnGreen's Digital Power Corporation secured a design win with a major post-production technology provider, indicating diversification of its customer base.
• The company has been awarded multiple EV charging contracts for public and educational institutions, reflecting growth in its EV infrastructure business.
• TurnOnGreen has reported growth in its electric vehicle charging network and expanded its defense market presence with new contracts totaling several million dollars.
• The company has reduced selling and marketing expenses and professional fees in recent periods while increasing research and development spending modestly.
• TurnOnGreen's financial statements are prepared under US GAAP and include critical accounting estimates related to inventory valuation and accruals.
• The company has substantial doubt about its ability to continue as a going concern due to recurring losses and insufficient cash flows, relying on equity sales and convertible notes for financing.