secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2022-05-13T23:59:59+00:00
Accession:  0001493152-22-013179
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acorn Energy Q1 cash-basis revenue up 25.7% YoY; GAAP revenue $1.75M, gross margin 72%
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- Cash-basis revenue (non-GAAP) grew 25.7% to $2.05M in Q1'22, driven by hardware sales and 3G sunset upgrades.
- GAAP revenue $1.75M (+2.7% YoY); gross margin improved to 71.8% from 71.0% despite cost increases.
- Operating loss of $122K vs operating income of $26K in Q1'21 due to higher SG&A and R&D costs.
- Cash at quarter-end $1.78M; operating cash flow $221K, up from $68K a year ago.
- Over $70M NOL carryforwards expected to shield cash taxes for the foreseeable future.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315222013179/0001493152-22-013179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315222013179/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-013179

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