Turnongreen Inc
imhccorp.comWhat Do They Do?
Designs and sells custom and standard power conversion systems to equipment makers in defense, aerospace, industrial, telecommunications and medical markets. Provides electric-vehicle chargers and charging services to drivers and site hosts.
10-K for FY2025, filed Mar 31, 2026TurnOnGreen, Inc., a Nevada corporation (“TOGI”), through its wholly owned subsidiaries Digital Power Corporation (“Digital Power”) and TOG…View ↗
In addition, Digital Power provides a comprehensive range of integrated power system solutions that are designed to meet the diverse and…View ↗
TOGT provides EV drivers and site hosts with convenient, reliable, and high-speed charging solutions. TOGT designs, manufactures, resells…View ↗
How Do They Make Money?
Customers buy power supplies and chargers, with product sales tied to shipment; installation services are earned as work progresses, while charging-network subscriptions and annually billed extended warranties provide additional revenue.
10-K for FY2025, filed Mar 31, 2026Product sales and installation - The Company generates revenues from the sale of its products through a direct and indirect sales force and…View ↗
The Company recognizes installation service revenue over time using the cost-to-cost measure of progress, which measures an installation…View ↗
We expect demand for EV charging infrastructure to grow as the demand for EV charging infrastructure increases from fleet operators and…View ↗
$7.2M
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10-K for FY2025, filed Mar 31, 2026
$7.2M ↗
Who Are Their Customers?
Commercial power-system customers, including original equipment manufacturers, are served by direct sales groups and channel partners such as representatives and distributors. EV charging sales target commercial and fleet buyers through direct sales and business-to-business and e-commerce partners.
10-K for FY2025, filed Mar 31, 2026We sell our power systems as integrated solutions to our diverse customers for a wide range of applications in the global markets and…View ↗
We sell and market our products through a variety of sales channels. Our direct sales groups are dedicated to developing commercial and…View ↗
Revenues of approximately $6.0 million and $4.5 million or 83% and 92%, of total revenues were attributable to power electronics products…View ↗
Do Revenues Turn Into Profits?
No. It lost $2.1M in FY2025.
10-K for FY2025, filed Mar 31, 2026
−$1.3MView ↗
10-K for FY2025, filed Mar 31, 2026
−$2.1MView ↗
10-K for FY2025, filed Mar 31, 2026
−$3MView ↗
How Are They Changing?
Growing. Revenue grew 35% in 4 years, from $5.3M in FY2021 to $7.2M in FY2025, about 8% a year.
EV charging expands
The older report described charging as a new product line and said revenue still came from power products; the latest describes charger sales and subscription-based network services alongside power products.
10-K for FY2022, filed Apr 5, 2023 10-K for FY2025, filed Mar 31, 2026
Who Do They Compete With?
Competes with Bel Fuse, Artesyn Embedded Technologies, TDK-Lambda, Delta Electronics, Murata, Mean-Well Power Supplies, Tesla, ChargePoint, Blink Charging, EVGO, Electrify America, and Sema Connect
10-K for FY2025, filed Mar 31, 2026Power Electronic Segment. Our competition in the power solutions industry includes many companies located throughout the world. Many of our…View ↗
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