secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001493152-23-027459
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315223027459/0001493152-23-027459-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315223027459/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-027459

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