secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001493152-24-009151
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315224009151/0001493152-24-009151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315224009151/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-009151

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