Acorn Energy Q1 EPS improves to $0.03 from ($0.03) loss; revenue up 21.9%

ACORN ENERGY, INC.

2024-Q1 EPS reported $0.03 revenue$2,132,000

Net income of $65K vs net loss of $85K in Q1'23; EPS $0.03 vs ($0.03).
Total revenue $2.13M, +21.9% YoY; hardware revenue +42.1% to $1.03M.
Monitoring revenue up 7.6% to $1.10M; gross margin 74.6% vs 75.2%.
CEO: Demand Response programs enrolled with ERCOT; expect modest DR revenue later in 2024.
Cash $1.42M, no debt; net working capital $2.49M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACORN ENERGY, INC. reported financial results for first quarter ended March 31, 2024 (Q1'24).

Period: first quarter ended March 31, 2024 (Q1'24)
Result: reported results

Exact text from the filing

On May 9, 2024, the Registrant issued a press release announcing its 2024 first quarter results.

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ACORN ENERGY, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-018331

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