Thanks, Abinand.
I what turning quarter. XX. to from important takeaways the Slide So feel are I'll discuss
to gradual First, in recovery from economic a the to challenges each business due COVID see our we segments. of continue
sales year-end. are grow continue As from we seeing down XX% levels, are pre-COVID our product mentioned, Abinand from backlog still to up while
service XX% importantly, with large complex and quarter-over-quarter. The the InVerde expect third to cogeneration will in XX-year management steady, company, And improvement consistent for systems. Our The center will all contracts COVID established quarter. service XXXX. from energy service a we revenue recover provide underway maintenance in revenues meaningful quarter, a of contracts of are as stream a XX continue contracts serviced to increase starting residential production long-term the for out e+ contracts showed good Ontario of closures. in be And this revenue Ontario Toronto, our our systems initiated revenue, we service the margin lastly, March Tecogen's up of
expect draw our at OpEx improved to all $X.X later An all Next, with second loan our under this our by helped quarter-end cash takeaway were and reduced stable, is the for in We our criteria PPP also segments. margins is million. important cash program balance position meet year. and PPP forgiveness
these sales slide. as product at of to mentioned, in market sales expect stands each pick manufacturing most levels. improvements up shown is to goal, put which as product excellent to and and our backlog I for We us quarter an sustainable the core and our be meet operational $XX.X profitability pre-COVID on And position our segments million,
on generation energy the improving in to progress operational Slide am like earlier XX. taking discussed with I'd and our I it year. to reducing relates margins. to quite With value policy, line, expanding which of creating and in optimizing business, distributed OpEx new and technology. update our and last call an optimization core Ultera and in plan, I emissions plan advantage letter Turning our is business, our the course, development Tecochill to profitability The our of as provide in we've for product made, focused regard U.S. product to earnings our microgrids core shareholders our happy the
very and in sales, back As combined to levels, fully goal increases sales steady gradually product service feel this revenues with gradual we get increases pre-COVID attainable. is in our energy
typically a anticipate air-cooled Air-cooled chiller are fill introducing in our larger than volumes chiller product water size offering. in cooled systems we a that will range. sales volumes gap new Next, our in sold Tecochill
Tecochill, provisional use be gas the up but as indoor substantially and for as technology, to existing lower markets, markets where that of have to could in filed the our is in chiller even this develop new is such will this drive we Tecochill and will believe a a open Tecochill compelling an This install. cultivation to and This greenhouse many We goal back our hospitals, air-cooled Our expand air-cooled will system profile internationally. Tecochill be will for July economics hybrid potential for patent needed. sold products. which easier have chiller our same sales
to companies to gas and XXXX, effort. market ready is the goal for generating we from support have by interest currently late Our the product are
near product the Our it's companies once updates will, to origin's they emissions for the providing gas obtain a effort, regard engine we to goal various the engine make by many has as customers first is engines, is mid-XXXX. of zero the work to backlog origin supporting work this emissions EPA be see technology, our With expect once course, with on as already to with fork Ultera market introduced. certified, create been to penetration. presented certified are we Ultera I and truck progress. customers Ultera of of to we
with are also work to catalyst more potential. an unlock Southwest Research improved We could that Labs for on even Ultera continuing
U.S. as it combination such vision year We investors we expect And microgrids of are in technology relates efforts and to compelling for that our for to solar economics as and results new have this energy seeing a the later battery from work proceeds. where to and updates in lastly, as and the will the engines geographies certain provide origin California. opportunity work with have SwRI infrastructure, promising
designed storage, in is manage energy are Our microgrid systems, to solar multiple resources, or other that CHP distributed proprietary inverter battery whether any controls source distributed our resource.
operational seamlessly as these those hope utility. meet energy together milestones have fuel we strategy control can and I integrate them to to integrating mix inverter based day time rates, sources of more announce, strive the to of on best and/or the Our goals. and for details
consistent the are the trends our strategy to is sustainable I'd sales eventually to scale changing the with like turn North to in areas way of overall for in grow over energy a Our With in that, and national America. questions. operator policy that the company outside call
