---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-031228"
form_type: "8-K"
ticker: "ACFN"
cik: "0000880984"
company_name: "ACORN ENERGY, INC."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-22T00:25:32.062476+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Acorn Energy Q3 revenue up 5% to $1.78M, net loss of $210K vs profit year ago

## Summary
- Net loss attributable to Acorn shareholders of $210K ($0.01/sh) vs net income $23K in Q3'21; cash $1.12M, no debt.
- Total revenue $1.78M (+4.5% YoY); hardware +18% to $825K, monitoring -4.7% to $958K.
- Gross margin declined to 68.1% from 72.8% due to higher hardware mix and $31K component write-off.
- Cash-basis revenue up 5.6% to $2.20M; CEO expects strong finish to 2022.
- Partnered with CPower for demand response programs that could more than double profitability on enrolled customers.

## SEC filing metadata
- accession: 0001493152-22-031228
- form_type: 8-K
- ticker: ACFN
- cik: 0000880984
- company_name: ACORN ENERGY, INC.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/880984/000149315222031228/0001493152-22-031228-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880984/000149315222031228/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-031228
- JSON: https://secwatch.observer/filing/0001493152-22-031228.json
- Plain text: https://secwatch.observer/filing/0001493152-22-031228.txt

## Key facts
- Earnings Releases
  ACORN ENERGY, INC. reported its third quarter (Q3’22) ended September 30, 2022 results: revenue $1,783,000, net income ($210,000), or ($0.01) per share, EPS ($0.01) per share.
  - Period: its third quarter (Q3’22) ended September 30, 2022
  - Revenue: $1,783,000
  - Net income: ($210,000), or ($0.01) per share
  - EPS: ($0.01) per share
  - Result: reported results
  source text: of cash, $0.9 million of receivables, and no outstanding debt. We continue to be well-positioned to fund our growth needs.” Financial Highlights ● Q3’22 revenue rose 5% to $1,783,000, reflecting an 18% increase in hardware revenue and a 5% decrease in monitoring revenue compared to Q3’21. Hardware revenue growth was primarily driven by a large hardware order
  evidence_url: https://www.sec.gov/Archives/edgar/data/880984/000149315222031228/0001493152-22-031228-index.htm
- Earnings Releases
  ACORN ENERGY, INC. reported the first nine months of 2022 results: revenue $5,155,000, net income ($556,000), or ($0.01) per share, EPS ($0.01) per share.
  - Period: the first nine months of 2022
  - Revenue: $5,155,000
  - Net income: ($556,000), or ($0.01) per share
  - EPS: ($0.01) per share
  - Result: reported results
  source text: customer during the quarter, while the monitoring revenue decrease was due to discontinued connections as a result of sunsetting 3G technology. Revenue increased 3% to $5,155,000 in the first nine months of 2022 compared to the 2021 period, as hardware revenue rose 13% and monitoring revenue declined 4%, also reflecting the impact of 3G sunsetting. ●
  evidence_url: https://www.sec.gov/Archives/edgar/data/880984/000149315222031228/0001493152-22-031228-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.