secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001493152-21-027752
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315221027752/0001493152-21-027752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315221027752/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-027752

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer