secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0001493152-25-009326
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315225009326/0001493152-25-009326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315225009326/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-009326

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