secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001493152-22-031228
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315222031228/0001493152-22-031228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315222031228/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-031228

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