Acorn Energy Q3 revenue up 12% to $1.7M; swings to net income of $23K

ACORN ENERGY, INC.

Q3 GAAP revenue $1.7M (+12.5% YoY); cash-basis revenue $2.1M (+24%).
Q3 net income $23K vs net loss $32K in Q3 2020; OmniMetrix operating income $265K (+26%).
9M 2021 revenue $5.0M (+16%); gross margin improved to 73.2% from 69.9%.
Hardware sales surged 28% in Q3 on next-gen monitor replacements and easing COVID restrictions.
Cash $2.0M; NOL carryforwards of ~$70M shield from cash taxes.

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