ACORN ENERGY, INC. reported first quarter ended March 31, 2026 (Q1'26) results: revenue $2,227,000, net income $(77,000), EPS $(0.03).
“comparisons in Q2’26 will again be below Q2’25 due to the impact of the material cell phone provider contract in Q2’25.” Financial Review Q1’26 revenue decreased 28.1% to $2,227,000 versus $3,098,000 in Q1’25, primarily due to a $1,019,000 (55.7%) decrease in hardware revenue, as the prior-year period included significant hardware shipments under the material”
ACORN ENERGY, INC. engaged CBIZ CPAs P.C. as its auditor.
“Also on April 7, 2025, the Registrant, with the approval of the Audit Committee of the Registrant’s Board of Directors, engaged CBIZ CPAs P.C. as the Registrant’s independent registered public accounting firm.”
Auditor Changes
Marcum LLP resigned as auditor of ACORN ENERGY, INC..
“On April 7, 2025, Marcum informed Acorn Energy, Inc. (the “Registrant”) that Marcum resigned as the Registrant’s independent registered public accounting firm.”
Earnings Releases
ACORN ENERGY, INC. reported financial results for first quarter ended March 31, 2024 (Q1'24).
“On May 9, 2024, the Registrant issued a press release announcing its 2024 first quarter results.”
Earnings Releases
ACORN ENERGY, INC. reported full-year period ended December 31, 2023 results: revenue $8,059,000, net income $119,000, EPS $0.05 per share. Guidance reaffirmed.
“True Guard ® generator monitors and new product sales were partially offset by a decrease in Hero ® cathodic protection product sales. Full year 2023 revenue rose 15.1% to $8,059,000 from $7,000,000 in 2022, largely driven by sales of new products and custom True Guard units and associated installations. Monitoring revenue is amortized over the term of the”
Earnings Releases
ACORN ENERGY, INC. reported fourth quarter (Q4'23) ended December 31, 2023 results: revenue $2,250,000, net income $84,000, EPS $0.03 per share.
“2024 and longer-term. As a result, we have invested in inventory in recent months to support larger C&I orders and expected growth.” Financial Review Q4’23 revenue rose 22.0% to $2,250,000 over Q4’22 revenue of $1,845,000, driven by a 37.0% increase in hardware revenue and a 9.2% increase in monitoring revenue. Q4’23 hardware revenue growth is primarily attributable”
Earnings Releases
ACORN ENERGY, INC. reported third quarter ended September 30, 2023 results: revenue $2,087, net income positive net income, EPS $0.01.
ACORN ENERGY, INC. shareholders approved Frequency of non-binding advisory vote on compensation of named executive officers at the 2023-09-12 meeting.
“The stockholders approved, in a non-binding advisory vote, a frequency of every year for the non-binding advisory vote on the compensation of the Company’s named executive officers.”
Shareholder Votes
ACORN ENERGY, INC. shareholders approved Non-binding advisory vote on compensation of named executive officers at the 2023-09-12 meeting.
“The stockholders approved, in a non-binding advisory vote, the compensation of the Company’s named executive officers.”
Shareholder Votes
ACORN ENERGY, INC. shareholders approved Ratification of appointment of Marcum LLP as independent registered public accounting firm for year ending December 31, 2023 at the 2023-09-12 meeting.
“The stockholders ratified by the affirmative vote of a majority of the votes cast on the proposal, the appointment by the Audit Committee of Marcum LLP as the independent registered public accounting firm for the year ending December 31, 2023.”
Shareholder Votes
ACORN ENERGY, INC. shareholders approved Election of Directors at the 2023-09-12 meeting.
“The stockholders elected, by a plurality of the votes cast, Jan H. Loeb, Gary Mohr, Michael F. Osterer, Peter Rabover and Samuel M. Zentman to the Board of Directors to serve until the Annual Meeting of Stockholders in 2024 and until their successors are duly elected and qualified.”
Governance Changes
ACORN ENERGY, INC.: Board of Directors approved amendment of Sections 1, 2 and 3 of Article X of the Bylaws to provide for shares to be issued in uncertificated or certificated form (effective 2023-09-05).
“On September 5, 2023, the Company’s Board of Directors approved amendment of Sections 1, 2 and 3 of Article X of the Company’s By-laws, to be effective upon consummation of the reverse split, in order to more clearly provide for shares of the Company ’ s capital stock to be issued in either uncertificated or certificated form.”
Governance Changes
ACORN ENERGY, INC.: Filed Certificate of Amendment to effect a 1-for-16 reverse stock split of common stock (effective 2023-09-07).
“On September 6, 2023, Acorn Energy, Inc. (the “Company”) filed a Certificate of Amendment to the Restated Certificate of Incorporation of the Company with the Secretary of State of the State of Delaware (the “Certificate of Amendment”) to effect a 1-for-16 reverse stock split (the “reverse stock split”) of the shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”) on September 7, 2023 at 5:00 pm EDT.”
Earnings Releases
ACORN ENERGY, INC. reported second quarter ended June 30, 2023 results: revenue $1,973,000, net income $96,000, or $0.00 per share, EPS $0.00 per share.
“on our progress in this initiative, which we expect to be a very important revenue and profitability driver for our business moving forward.” Financial Review Q2’23 revenue of $1,973,000 rose 22% from Q2’22 revenue of $1,621,000, driven by a 39% increase in hardware revenue, primarily for True Guard Pro (C&I) and True Guard 2 (residential) generator monitoring”
Earnings Releases
ACORN ENERGY, INC. reported financial results for first quarter ended March 31, 2023 (Q1'23).
“On May 11, 2023, the Registrant issued a press release announcing its 2023 first quarter results. The press release is attached as Exhibit 99.1 hereto.”
Peter Rabover was appointed as Director at ACORN ENERGY, INC..
“On March 21, 2023, Peter Rabover was appointed to the Registrant’s Board of Directors.”
Earnings Releases
ACORN ENERGY, INC. reported financial results for the fourth quarter (Q4'22) and full-year periods ended December 31, 2022.
“On March 16, 2023, the Registrant issued a press release announcing its 2022 fourth quarter and full year results.”
Earnings Releases
ACORN ENERGY, INC. reported the first nine months of 2022 results: revenue $5,155,000, net income ($556,000), or ($0.01) per share, EPS ($0.01) per share.
“customer during the quarter, while the monitoring revenue decrease was due to discontinued connections as a result of sunsetting 3G technology. Revenue increased 3% to $5,155,000 in the first nine months of 2022 compared to the 2021 period, as hardware revenue rose 13% and monitoring revenue declined 4%, also reflecting the impact of 3G sunsetting. ●”
Earnings Releases
ACORN ENERGY, INC. reported its third quarter (Q3’22) ended September 30, 2022 results: revenue $1,783,000, net income ($210,000), or ($0.01) per share, EPS ($0.01) per share.
“of cash, $0.9 million of receivables, and no outstanding debt. We continue to be well-positioned to fund our growth needs.” Financial Highlights ● Q3’22 revenue rose 5% to $1,783,000, reflecting an 18% increase in hardware revenue and a 5% decrease in monitoring revenue compared to Q3’21. Hardware revenue growth was primarily driven by a large hardware order”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.