secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001493152-23-007831
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acorn Energy FY2022 revenue $7.0M (+3.3%); net loss widens to $633k
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- GAAP revenue $7.0M in 2022, up 3.3% YoY; hardware revenue +12.5% to $3.09M.
- Net loss attributable to Acorn $633k vs $21k in 2021 due to higher SG&A and R&D.
- Q4 revenue $1.845M (+5.2% YoY); gross margin improved to 73.3% from 69.8%.
- Cash $1.45M, no debt; expects monitoring revenue growth >20% in 2023 and potential profitability.
- Demand response partnership with CPower expected to generate revenue late 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315223007831/0001493152-23-007831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315223007831/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-007831

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