Acorn Energy Q3 revenue up 46% to $3.05M; EPS $0.29 vs $0.01 on cell tower contract

ACORN ENERGY, INC.

2024-Q3 EPS reported $0.42 revenue$7,457,000

Total revenue $3.05M (+46% YoY); hardware $1.91M (+90%) driven by initial $724K from $5M cell tower contract.
Net income to stockholders $725K ($0.29 diluted EPS) vs $24K ($0.01) in Q3'23.
Gross margin 71.7% (down from 74.3% due to hardware mix); monitoring revenue up 5.1%.
Cash improved to $2.2M at quarter end, $2.1M as of Nov 5, 2024; no debt.
CEO expects momentum to continue in Q4 as cell tower project and other opportunities progress.

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