---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-016294"
form_type: "8-K"
ticker: "ACFN"
cik: "0000880984"
company_name: "ACORN ENERGY, INC."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T05:27:41.728994+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Acorn Energy Q1 net loss narrows to $85,000; monitoring revenue grows 3.4% YoY

## Summary
- Q1 revenue $1.749M flat YoY; monitoring revenue $1.024M (+3.4%), hardware $725M (-4.7%).
- Gross margin improved to 75.2% (71.8% Q1'22) on higher-margin monitoring and C&I product mix.
- Net loss attributable to Acorn improved to ($85,000) from ($123,000); $0.00 per share.
- Record deferred revenue backlog of $6.2M; 65% ($4.0M) expected recognized in rest of 2023.
- Cash $1.346M, no long-term debt; management targets 20% annual cash-basis revenue growth.

## SEC filing metadata
- accession: 0001493152-23-016294
- form_type: 8-K
- ticker: ACFN
- cik: 0000880984
- company_name: ACORN ENERGY, INC.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/880984/000149315223016294/0001493152-23-016294-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880984/000149315223016294/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-016294
- JSON: https://secwatch.observer/filing/0001493152-23-016294.json
- Plain text: https://secwatch.observer/filing/0001493152-23-016294.txt

## Key facts
- Earnings Releases
  ACORN ENERGY, INC. reported financial results for first quarter ended March 31, 2023 (Q1'23).
  - Period: first quarter ended March 31, 2023 (Q1'23)
  - Result: reported results
  source text: On May 11, 2023, the Registrant issued a press release announcing its 2023 first quarter results. The press release is attached as Exhibit 99.1 hereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/880984/000149315223016294/0001493152-23-016294-index.htm

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