Acorn Energy Q2 revenue $1.6M (+9.7% YoY), net income $2K vs loss

ACORN ENERGY, INC.

Q2'21 total revenue $1.61M (+9.7% YoY); gross profit $1.22M (+19.6%); net income $2,000 vs $33K loss.
6M'21 revenue $3.32M (+18.2%); net income $22K vs $316K loss; cash-basis revenue +25%.
OmniMetrix operating income $231K ($200K in Q2'20); SG&A rose 21% on travel and new hires.
Cash equivalents $1.96M; ~$70M NOL expected to shield cash taxes for foreseeable future.
CEO highlights new Remote A/C Disconnect launch and progress toward 20% organic growth goal.

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