Acorn Energy FY2021 cash-basis sales up 27% YoY to $7.6M; GAAP revenue up 14%

ACORN ENERGY, INC.

GAAP revenue $6.8M (+14% YoY); cash-basis revenue $7.6M (+27%); gross margin 72.3% vs 69.8%.
OmniMetrix operating income $925K (+59%); consolidated operating loss improved to $8K from $310K.
Hardware revenue +30.6% driven by 3G replacements; monitoring revenue +5.5% to $4.0M.
Net loss $21K vs prior-year net income $69K (Q4'20 PPP gain); Q4'21 net loss $66K.
Cash $1.72M; NOL carryforwards >$70M shield taxes; $381K inventory investment for supply chains.

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