Acorn Energy reports 2024 net income $2.51/share on 36% revenue growth; plans Nasdaq uplisting

ACORN ENERGY, INC.

Full-year 2024 revenue increased 36% to $10.986M from $8.059M; net income $6.294M vs $0.119M in 2023.
Diluted EPS $2.51, including $1.77 non-cash deferred tax benefit; Q4 net income $5.233M ($2.08/share).
Hardware revenue jumped 69% in 2024 driven by a $5M contract with a cell phone provider for 5,000-10,000 generators.
Cash grew 60% to $2.3M, working capital improved to $1.1M; no debt; stockholders' equity exceeds $5M.
Company plans to pursue uplisting to Nasdaq Capital Market in first half of 2025.

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