secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001493152-24-030678
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acorn Energy Q2 EPS triples to $0.11, revenue up 15%; secures $5M telecom contract
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- Q2 net income $271k ($0.11/diluted) vs $96k ($0.04) YoY; total revenue $2.275M (+15.3%)
- Hardware revenue +28.3% to $1.165M; monitoring revenue +4.2% to $1.11M; gross margin 73.2%
- Largest contract ever: ~$5M with leading wireless carrier for 5-10k cell tower generators; $2M PO received, shipments start Q3'24
- No debt; cash $1.463M; net working capital $2.559M; operating cash flow positive $41k in H1'24

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315224030678/0001493152-24-030678-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315224030678/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-030678

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