secwatch.observer — SEC 8-K summary
======================================

Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001493152-24-018331
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315224018331/0001493152-24-018331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315224018331/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-018331

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