secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2022-08-12T23:59:59+00:00
Accession:  0001493152-22-022199
Event type: earnings
Sentiment:  negative
Materiality: 0.40
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acorn Energy Q2 net loss of $223K vs $2K income; revenue flat; demand response program announced
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- Q2 revenue $1.62M (+0.6% YoY); hardware revenue up 10% to $655K, monitoring down 5% to $966K.
- Gross margin improved to 76.9% from 75.9%; operating loss of $222K vs operating income of $5K.
- Net loss $223K ($0.01/sh) vs net income $2K ($0.00/sh); H1 net loss $346K vs $22K income.
- Cash $1.26M at June 30, 2022 (down from $1.72M at Dec 31, 2021); no debt outstanding.
- Partnered with CPower Energy Management for demand response program; expects launch late 2022, impact in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315222022199/0001493152-22-022199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315222022199/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-022199

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