Acorn's Q3 Revenue Rose 46% to $3.05M and EPS Rose to $0.29 vs. $0.01, Inclusive of the Initial Benefit of 2-Year Contract for Remote Monitoring of Backup Generators for Cell Towers [Yahoo...
ACORN ENERGY INC (ACFN)
US:NASDAQ Investor Relations:
acornenergy.com/investor_information.php
Company Research
Source: Yahoo! Finance
provider of remote monitoring and control solutions for backup power generators, gas pipelines, air compressors and other mission critical assets, announced results for its third quarter ended September 30, 2024 (Q3'24) and will hold an investor call today at 11am ET (see call details below). Summary Financial Results ($ in thousands) Q3'24 Q3'23 Change 9M'24 9M'23 Change Monitoring revenue Hardware revenue Total revenue Gross margin Net income to stockholders nm nm Net income per diluted share nm nm All of Acorn's revenue is derived from its 99%-owned operating subsidiary, OmniMetrix. The percentage change is not meaningful because net income in the prior-year periods was near zero. CEO Commentary Jan Loeb, Acorn's CEO, commented, “Acorn's Q3'24 results benefited, in part, from $724,000 in hardware revenue earned from the shipping of units pursuant to the initial purchase orders related to the previously announced $5 million contract with o
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ACFN
News
- Acorn, Backup Power Generator Monitoring and Control Provider, Presents at Virtual Investor Summit, Microcap Investor Conference on Nov. 21stAccesswire
- Acorn’s Q3 Revenue Rose 46% to $3.05M and EPS Rose to $0.29 vs. $0.01, Inclusive of the Initial Benefit of 2-Year Contract for Remote Monitoring of Backup Generators for Cell TowersGlobeNewswire
- Backup Power Generator Monitoring and Control Provider Acorn Hosts Q3 Earnings Call Thur. Nov. 7th at 11am ETGlobeNewswire
ACFN
Sec Filings
- 12/11/24 - Form 4
- 11/25/24 - Form 4
- 11/7/24 - Form 8-K
- ACFN's page on the SEC website