Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
ACORN ENERGY, INC. reported full-year period ended December 31, 2023 results: revenue $8,059,000, net income $119,000, EPS $0.05 per share. Guidance reaffirmed.
- Period
- full-year period ended December 31, 2023
- Revenue
- $8,059,000
- Net income
- $119,000
- EPS
- $0.05 per share
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
True Guard ® generator monitors and new product sales were partially offset by a decrease in Hero ® cathodic protection product sales. Full year 2023 revenue rose 15.1% to $8,059,000 from $7,000,000 in 2022, largely driven by sales of new products and custom True Guard units and associated installations. Monitoring revenue is amortized over the term of the
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
ACORN ENERGY, INC. reported fourth quarter (Q4'23) ended December 31, 2023 results: revenue $2,250,000, net income $84,000, EPS $0.03 per share.
- Period
- fourth quarter (Q4'23) ended December 31, 2023
- Revenue
- $2,250,000
- Net income
- $84,000
- EPS
- $0.03 per share
- Result
- reported results
Exact text from the filing
2024 and longer-term. As a result, we have invested in inventory in recent months to support larger C&I orders and expected growth.” Financial Review Q4’23 revenue rose 22.0% to $2,250,000 over Q4’22 revenue of $1,845,000, driven by a 37.0% increase in hardware revenue and a 9.2% increase in monitoring revenue. Q4’23 hardware revenue growth is primarily attributable
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