Acorn's Q2'24 EPS Improves to $0.11 vs. $0.04 on Revenue Increase in Remote Monitoring and Control Solutions for Backup Power Generators [Yahoo! Finance]
ACORN ENERGY INC (ACFN)
US:NASDAQ Investor Relations:
acornenergy.com/investor_information.php
Company Research
Source: Yahoo! Finance
provider of remote monitoring and control solutions for backup power generators, gas pipelines, air compressors and other mission critical assets, announced results for its second quarter ended June 30, 2024 (Q2'24) and will hold an investor call today at 11am ET (see call details below). Summary Financial Results ($ in thousands) Q2'24 Q2'23 Change 6M'24 6M'23 Change Monitoring revenue Hardware revenue Total revenue Gross margin Net income to stockholders nm Net income per diluted share nm All of Acorn's revenue is derived from its 99%-owned operating subsidiary, OmniMetrix. The percentage change is not meaningful because net income for the first six months of 2023 was near zero. CEO Commentary Jan Loeb, Acorn's CEO, commented, “Our Q2 and first half results reflect increases in hardware revenue, which supports future growth in recurring, high-margin, monitoring revenue. Building on this trend in June, we secured a contract valued at approximat
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ACFN
News
- Acorn Hosts Virtual and In-Person Stockholder Meeting with Management Q&A Tuesday, September 17th at 2pm ET [Yahoo! Finance]Yahoo! Finance
- Acorn Hosts Virtual and In-Person Stockholder Meeting with Management Q&A Tuesday, September 17th at 2pm ETGlobeNewswire
- Acorn’s Q2’24 EPS Improves to $0.11 vs. $0.04 on Revenue Increase in Remote Monitoring and Control Solutions for Backup Power GeneratorsGlobeNewswire
- Acorn, Provider of Remote Monitoring and Control Solutions for Backup Power Generators, Hosts Q2 Conf. Call Thu., Aug. 8th at 11am ETGlobeNewswire
ACFN
Sec Filings
- 9/18/24 - Form 8-K
- 8/8/24 - Form 8-K
- 8/8/24 - Form 10-Q
- ACFN's page on the SEC website