---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-027459"
form_type: "8-K"
ticker: "ACFN"
cik: "0000880984"
company_name: "ACORN ENERGY, INC."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T20:57:40.864512+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Acorn Energy Q2 net income $96k, revenue up 22% to $1.97M; backlog record $6.4M

## Summary
- Q2 GAAP revenue $1.97M (+22% YoY); hardware revenue +39% on True Guard monitors for generators.
- Net income $96k vs loss $223k in Q2'22; EPS $0.00 vs ($0.01); positive operating cash flow $155k in H1.
- Cash-basis revenue growth 33%; record backlog $6.4M, >60% to be recognized as revenue within one year.
- No debt; cash $1.57M; gross margin 75.5% (93% on monitoring, 55% on hardware).
- CEO expects full-year profitability if 20% annual cash-revenue growth target is achieved.

## SEC filing metadata
- accession: 0001493152-23-027459
- form_type: 8-K
- ticker: ACFN
- cik: 0000880984
- company_name: ACORN ENERGY, INC.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/880984/000149315223027459/0001493152-23-027459-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880984/000149315223027459/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-027459
- JSON: https://secwatch.observer/filing/0001493152-23-027459.json
- Plain text: https://secwatch.observer/filing/0001493152-23-027459.txt

## Key facts
- Earnings Releases
  ACORN ENERGY, INC. reported second quarter ended June 30, 2023 results: revenue $1,973,000, net income $96,000, or $0.00 per share, EPS $0.00 per share.
  - Period: second quarter ended June 30, 2023
  - Revenue: $1,973,000
  - Net income: $96,000, or $0.00 per share
  - EPS: $0.00 per share
  - Result: reported results
  source text: on our progress in this initiative, which we expect to be a very important revenue and profitability driver for our business moving forward.” Financial Review Q2’23 revenue of $1,973,000 rose 22% from Q2’22 revenue of $1,621,000, driven by a 39% increase in hardware revenue, primarily for True Guard Pro (C&I) and True Guard 2 (residential) generator monitoring
  evidence_url: https://www.sec.gov/Archives/edgar/data/880984/000149315223027459/0001493152-23-027459-index.htm

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