TurnOnGreen

TOGI

Electrical Equipment & Parts · Industrials

Price

$0.02

+0.00 (+4.64%)

Market Cap

$4.6M

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

Share count rising — dilution

+13.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 161.7M (2021) → 184.0M (2025)

TurnOnGreen is a small U.S. company that makes electric vehicle (EV) charging equipment and power supplies. Its products include commercial and residential EV chargers, as well as specialized power conversion systems sold to businesses, government agencies, and defense customers. The company operates in the fast-growing but crowded EV infrastructure industry.

TurnOnGreen earns revenue by selling hardware — chargers and power electronics — rather than through subscriptions or recurring fees. It operates primarily in the United States and is a very small player, with a market cap under $100 million. The company currently loses money on operations, which is reflected in its negative operating and return-on-capital figures. Its main growth opportunity is tied to rising EV adoption and government spending on charging infrastructure, but its biggest risk is competing against much larger, better-funded rivals like ChargePoint and Blink Charging while burning through cash to scale the business.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+9.0% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-44.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$444,000/ year

↑ Rising (+9% vs prior year)

6.1% of revenue

1.5x the sector average (4%)

R&D investment increasing — building for the future

Insider Activity

39.9%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$127,000 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

TurnOnGreen is growing revenue at 9% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

45.9%

Healthy — 45.9% gross margin

Operating Margin

31.3%

Excellent — 31.3% operating margin

ROCE

397.9%

Exceptional — 397.9% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales YoY

+47.1%

Fast-growing sales (47.1% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

N/A

Data not available

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-1.1%

Burning cash (-1.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

—

Data not available

Interest Cover

3.06x

Tight — interest eats into profit (3.1x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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