---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-009151"
form_type: "8-K"
ticker: "ACFN"
cik: "0000880984"
company_name: "ACORN ENERGY, INC."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T02:14:19.417477+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Acorn Energy achieves profitability in 2023; EPS $0.05 vs loss $0.25, revenue up 15%

## Summary
- Net income of $119,000 ($0.05 EPS) in 2023 vs net loss of $633,000 ($0.25 loss) in 2022.
- Full-year revenue rose 15.1% to $8,059,000; Q4 revenue up 22% to $2,250,000.
- Gross margin improved to 74.5% in 2023 from 72.4% in 2022; hardware margin rose to 54%.
- CEO expects continued revenue and earnings growth in 2024; targeting 20% annual top-line growth.
- Demand Response program signed first customers approved by ERCOT; modest 2024 revenue expected.

## SEC filing metadata
- accession: 0001493152-24-009151
- form_type: 8-K
- ticker: ACFN
- cik: 0000880984
- company_name: ACORN ENERGY, INC.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/880984/000149315224009151/0001493152-24-009151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880984/000149315224009151/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-009151
- JSON: https://secwatch.observer/filing/0001493152-24-009151.json
- Plain text: https://secwatch.observer/filing/0001493152-24-009151.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/880984/000149315224009151/0001493152-24-009151-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/880984/000149315224009151/0001493152-24-009151-index.htm

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