Recent developments include multiple contract awards and partnerships to expand EV charging infrastructure and defense market presence, as well as financial results reporting.

• TurnOnGreen reported 2025 financial results following its Form 10-K filing, detailing revenue growth and operating loss improvements [S1].
• The company partnered with Total Energy Solutions Corp (TESCO) to deploy DC fast charging infrastructure across key travel corridors in Indiana [N1].
• TurnOnGreen completed an EV charging project at Hi-Desert Medical Center with grant funding from the Mojave Desert Air Quality Management District [N1].
• The company secured a design win with a major post-production technology provider through its Digital Power Corporation subsidiary [N1].
• TurnOnGreen expanded its electric vehicle charging infrastructure at Purdue University in partnership with TESCO [N1].
• The company expanded its defense market presence with new contracts totaling several million dollars [N1].
• TurnOnGreen works with municipalities such as the City of Foster City and Boulder City, Nevada, to expand EV charging infrastructure [N1].
• The company supplies proprietary power systems for advanced high-precision medical laser platforms and telecommunications power solutions [N1].

TurnOnGreen's advanced proprietary power technologies and diversified product portfolio across EV infrastructure, medical, military, and telecommunications markets provide multiple avenues for growth. The company's recent contract wins and partnerships to deploy EV charging infrastructure and expand defense market presence demonstrate execution capabilities and market acceptance. Improvements in gross profit margins and operating loss reductions indicate operational progress. The convertible debt financing and equity sales provide capital to support ongoing development and expansion efforts. If the company continues to secure strategic contracts and manage costs effectively, it could strengthen its market position in specialized power solutions and EV charging sectors.

TurnOnGreen faces significant financial challenges including recurring net losses, negative working capital, and liquidity ratios indicating limited short-term financial flexibility. The substantial doubt about its ability to continue as a going concern highlights execution and financing risks. Dependence on related party advances and convertible debt financing may constrain operational independence and increase financial risk. Competitive pressures in the power solutions and EV charging markets could limit growth opportunities. Failure to achieve profitable scale or secure sufficient financing could impair the company's ability to sustain operations and invest in product development and market expansion.

TurnOnGreen's moat is based on its proprietary core power technologies and ability to deliver highly engineered, custom-designed power conversion and control solutions with high efficiency, power density, and low leakage emissions. Its direct customer relationships and flexible design capabilities enable tailored solutions for mission-critical applications across diverse industries. The company's integration of advanced firmware and rapid time to market further differentiates its offerings. Additionally, its expanding portfolio of EV charging infrastructure products and comprehensive management software positions it in a growing market segment. However, the moat is challenged by the company's ongoing financial losses and liquidity constraints, which may impact its ability to scale and compete effectively over time.

• Liquidity and Going Concern Risk: The company has negative working capital and low liquidity ratios, with substantial doubt about its ability to continue as a going concern as disclosed in the 10-K filing.
• Recurring Net Losses: TurnOnGreen has incurred recurring net losses and operating losses, which may impact its ability to finance operations and invest in growth.
• Financing Dependence: The company relies on advances from related parties, convertible promissory notes, and equity sales to fund operations, which may limit financial flexibility and increase risk.
• Market Competition: The markets for custom power solutions and EV charging infrastructure are competitive, and the company may face challenges in scaling and differentiating its offerings.

• TurnOnGreen, Inc. is a premium custom power products and emerging electric vehicle (EV) electrification infrastructure solutions company operating through subsidiaries Digital Power Corporation (DPC) and TOG Technologies Inc. (TOGT).
• The company designs, develops, manufactures, and sells highly engineered power conversion and power system solutions for diverse industries including e-Mobility, medical, military, telecommunications, and industrial sectors.
• DPC provides solutions with low leakage power emissions, high power density, power efficiency, customized firmware, and short time to market, serving mission-critical applications.
• TOGT markets and sells scalable EV residential, commercial, and ultra-fast charging products along with charging management software and network services.
• The company aims to be the supplier of choice for markets requiring custom, high-quality power system solutions emphasizing design, quality, time to market, and competitive pricing.
• For the three months ended June 30, 2026, revenue was $1.754 million, a 4% increase from the prior year period, with gross profit of $821,000, a 21% increase.
• Operating loss for Q2 2026 was $154,000, improved from $504,000 in Q2 2025, driven by higher gross profit and reduced operating expenses.
• For the six months ended June 30, 2026, revenue was $3.49 million, a 6% increase from the prior year period, with gross profit of $1.634 million, a 16% increase.
• Net loss for the full year 2025 was $2.113 million as reported in the 10-K filing.
• The company had cash and cash equivalents of $65,000 as of September 30, 2022, and current assets of $2.906 million against current liabilities of $12.203 million as of June 30, 2026, resulting in a current ratio of 0.24 and a cash ratio of 0.01.
• The company has recurring net losses and negative working capital, with substantial doubt about its ability to continue as a going concern noted in the 10-K.
• TurnOnGreen finances operations through advances from related parties, sale of equity securities, and convertible promissory notes with SJC Lending LLC totaling $1.1 million principal issued in 2026.
• The convertible notes accrue 12% interest and are convertible into common stock at $0.035 per share.
• Recent business developments include partnerships and contracts to deploy EV charging infrastructure across various locations including Indiana travel corridors, medical centers, universities, and municipalities.
• The company has expanded its defense market presence with multiple contracts totaling several million dollars.
• TurnOnGreen also provides advanced power solutions for telecommunications and medical laser platforms.
• The company reported strong electric vehicle charging network growth in 2024 and continues to expand its contract portfolio and market presence.
• Recent news coverage includes multiple press releases on contract awards, partnerships, and financial results reported on www.nasdaq.com.