secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001493152-22-008258
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315222008258/0001493152-22-008258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315222008258/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-008258

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