Acorn Energy, Inc. (ACFN) research, news, and more from GeoInvesting

Company description

Thu, 10 Dec 2020 13:35:47 GMT

About Acorn (www.acornenergy.com) and OmniMetrix(TM) (www.omnimetrix.net) Acorn Energy, Inc. owns a 99% equity stake in OmniMetrix, a pioneer and leader in machine-to-machine (M2M) and Internet of Things (IoT) wireless remote monitoring and control solutions for stand-by power generators, gas pipelines, air compressors and other industrial equipment. OmniMetrix's proven, cost-effective solutions make critical systems more reliable. The company monitors tens of thousands of assets for customers, which include 25 Fortune/Global 500 companies. In addition to residential generators, OmniMetrix solutions monitor critical equipment used by cell towers, manufacturing plants, medical facilities, data centers, retail stores, public transportation systems, energy distribution and federal, state and municipal government facilities.

Research

Thu, 05 Mar 2026 17:52:29 GMT

Acorn Energy, Inc. (NASDAQ:ACFN) ($21.72; $54.4M market cap) announced Q4 and full-year 2025 results:

Q4 sales of $2.4 million vs. $3.5 million in the prior year
Q4 2025 EPS: $0.42 vs. $2.08 in the prior year
Q4 2025 adjusted EPS of $0.14 vs $0.31
2025 sales of $11.5 million vs. $11.0 million in the prior year
2025 EPS: $0.99 vs. $2.51 in the prior year
2025 full year adjusted EPS of $0.73 vs $0.74
Financing activities in 2025 included stock option exercise proceeds of $87,000 and stock repurchases of $16,000.
Acorn entered a strategic technology partnership with AIO-systems granting exclusive North America rights for cell tower, data center, and utility infrastructure management solutions.
Acorn expects to install its first demonstration unit for a large telecom provider by the end of March and does not expect meaningful contribution before the second half of 2026.

Management Commentary:

"Acorn achieved record revenue from OmniMetrix, improved operating income and higher cash flow in 2025...Our year-over-year comparisons reflect the impact of a national cellphone provider contract, the largest in our history...We expect ongoing revenue from annual monitoring renewals."

"Acorn’s operating performance and favorable outlook necessitated an additional release of valuation allowance against our deferred tax assets of $464,000 in 2025, following $4,435,000 released in 2024, resulting in deferred income tax benefits in both periods...We now maintain a $10.3M valuation allowance against total net operating loss and capital loss carryforwards of $14.4M."

"Turning to our strategies for growth, we continue to pursue the following five complementary core initiatives:

The pursuit of larger commercial and industrial opportunities by our direct sales team.
Ongoing work to develop strategic OEM relationships where we can partner with much larger companies to provide our industry-leading technology and services to reach a much broader customer universe.
Working to expand our penetration of the residential market through active engagement with our network of over 600 generator dealers.
Our ongoing R&D focus on developing new products and expanding the capabilities and value of existing products.
Our search for accretive transactions that can expand our product, market and/or customer reach."

"In line with these objectives, we substantially expanded our suite of solutions through a strategic technology partnership with Israel-based AIO-systems in early January.

This is a very exciting opportunity to build on our growing base of recurring revenue. While this partnership has the potential to be a game changer for our company, we must first invest the time and resources to prepare these products for the North American market and to initiate our sales and marketing programs. We now expect to install our first demonstration unit for a large telecom provider by the end of March. Given the market development work still to be done, we don’t currently expect any meaningful contribution from this initiative before the second half of 2026.”

"Importantly, we do see several favorable trends that support our business strategy and outlook. These include strong growth in demand and deployment of IoT-connected devices, real-time data capture, predictive maintenance and analytics, stricter compliance mandates, and escalating energy demands from AI and data centers. Leveraging these dynamics and our growth initiatives, we continue to target 20% average annual revenue growth over the next three to five years and expect roughly 50% of incremental revenue to flow through to operating income.”

Our Quick Take:

The quarter came in as expected, as the company is no longer experiencing large hardware revenue from its 2024 large contract win. However, the company will continue to receive remote monitoring revenue from that relationship. The biggest takeaway is that the company expects the recent partnership with AIO will begin to contribute to revenues in the second half, sentiment the CEO Jan Loeb shared with us in the January 2026Open forum. You can see the clip from that call here.

Acorn Energy, Inc. develops and markets wireless remote monitoring and control systems for power generation equipment, industrial air compressors, and cathodic protection systems on gas pipelines, serving both residential and industrial markets.

Research

Mon, 05 Jan 2026 19:08:41 GMT

Acorn Energy, Inc. (NASDAQ:ACFN) ($15.22; $38.1M market cap) announced a strategic partnership with AIO Systems:

Acorn secured exclusive rights to market, integrate, and sell AIO Systems’ products in the US, Canada, and Mexico under the OmniMetrix brand.
Acorn will share SaaS revenue with AIO on a 50/50 basis (post direct costs), with potential upside based on revenue targets over a five-year term.
Acorn to receive most-favored nation pricing on AIO hardware and has secured a right of first refusal for South American distribution rights.
AIO to provide dedicated support including account management, marketing, R&D, mobile app development, and business process localization for North America.
No material revenue expected from this partnership in H1 2026.

Management Commentary:

"We are thrilled to partner with Acorn and the highly-respected OmniMetrix brand and team to build a meaningful presence for our globally-proven solutions in North America. This collaboration leverages OmniMetrix’s strong reputation, industry-leading remote generator monitoring and control technology and commercial and industrial customer base to provide substantial business development potential for our solutions. We have long planned to pursue the North American market and feel in Acorn/OmniMetrix we have found an ideal and fully-committed partner to execute on this opportunity.” — Asher Avissar, Founder and Chairman of AIO Systems

“Our partnership with AIO Systems is a win-win opportunity to substantially expand our suite of solutions, addressable market and long-term growth potential. We see growing demand for data-driven infrastructure management solutions that monitor and protect critical infrastructure. AIO's solutions deliver significant reductions in power consumption, theft, pollution, and fines by enabling remote sensor-based monitoring of power, security, environmental and other conditions, along with robust asset tracking and access control.

“We will first focus on offering our expanded set of capabilities to existing telecommunications industry customers as we build out our sales and marketing outreach to new prospects in data center, utility and other complementary markets which are experiencing rapid growth. Because it will take time and investment to bring these new products fully on board, we do not expect any significant associated revenues in the first half of 2026 but believe our partnership with AIO is a very exciting opportunity to build on our growing base of recurring revenue.” — Jan Loeb, CEO of Acorn Energy

Our Quick Take:

Well, we’ve been waiting for something to get excited about at ACFN after it fell upon reporting Q3 2025 results. While this news is one step in the right direction, we would like some idea of a timeline of when this agreement could result in revenue generation. On a related note, we’re still waiting for more information or updates on two acquisition candidates the CEO touched on in the company’s Q4 earnings call.

Research

Thu, 06 Nov 2025 05:00:00 GMT

Acorn Energy, Inc. (NASDAQ:ACFN) ($23.08; $57.7M market cap) announced Q3 2025 results:

Q3 2025 sales of $2.48 million vs. $3.05 million in the prior year
Q3 2025 Adjusted EPS: $0.12 vs. $0.29 in the prior year

Management Commentary:

“Q3’25 hardware revenue decreased as we did not have any hardware sales from our cellphone provider contract during this quarter versus hardware revenue of $724,000 in Q3’24 related to sales from that contract. What was originally expected to be a two-year hardware rollout was predominantly fulfilled within 12 months as our customer requested faster hardware delivery which we were able to meet. Also impacting the year-over-year comparison was $215,000 in the amortization of deferred hardware revenue recorded in Q3’25 compared to $436,000 of amortization of deferred hardware revenue recorded in Q3’24.” – Jan Loeb, CEO

“We have been working on several initiatives to continue to grow our revenue since the critical mass of hardware sales from the cellphone provider contract has been fulfilled... While these efforts have long lead times, we remain confident in the potential for additional larger-scale deployment opportunities.”

“On the plus side, our monitoring revenue rose 37.1% to a company record of $1.56M in Q3’25 and 23.9% to a company record of $4.15M in the 9M’25 period. These increases reflect the continued expansion of our installed base of remote monitoring end points.”

“Our Q3’25 gross profit margin rose to 78.5%, compared to 71.7% in Q3’24, as it benefitted from a significantly higher proportion of higher-margin monitoring revenue in our revenue mix.”

“We completed our uplisting to the Nasdaq Capital Market in Q3’25... We also expect the benefits of our Nasdaq listing to support our M&A efforts by providing a more respected and liquid market for our common stock, should we wish to use shares to fund a transaction.”

“We continue to advance discussions with OEMs regarding potential strategic relationships... We also continue to evaluate and pursue acquisition opportunities that include a monitoring component that aligns with our business model.”

“To maintain our technology and solution leadership, we continually invest in enhancing our solutions as well as in new product development. We recently began beta testing our next-generation monitors – including Omni for the residential market and OmniPro for commercial and industrial applications.”

“We expect secular trends... to provide a long-term tailwind for our business... we feel Acorn continues to be well-positioned to deliver long-term top and bottom line growth in the coming years. Accordingly, we continue to target 20% average top line growth over the next three-to-five years with approximately 50% of incremental revenue dropping to operating income.”

Our Take:

ACFN shares are taking a hit today and traded down 30% early in reaction to the Q3 2025 earnings report. Based on commentary in the Q2 earnings call, it was expected that earnings would start to tail off as the company had substantially completed its hardware installations tied to a large telecom contract.

In our previous communications, we stated that in order for ACFN to maintain price momentum, it would have to ink a new telecom contract(s) relatively soon.

We think the bigger issue is that it appears the CEO is taking a slightly more cautionary tone in setting timelines for some of the positive initiatives they are pursuing right now, including additional telecom contracts and potential acquisitions.

Thus, quarterly sales and earnings-per-share comps will probably not be favorable in the short term until the company is able to secure large contract(s) or execute on other parts of the growth plan.

We are somewhat surprised that the company wasn’t a little more optimistic in some of the near term deals due to commentary it made at the planet microcap conference in Vegas earlier this year that earnings “should not fall off the cliff.” We guess that’s a matter of interpretation.

Considering uncertainty and timelines of new growth initiatives, the stock could be challenged in the near-term, however, the long-term growth plan is still intact.

For a company like ACFN, we feel it is appropriate to value the recurring revenue separately and at a higher multiple than the hardware revenue. We’ll start working on the analysis after we listen to ACFN’s earnings call slated to occur at 11 a.m. ET today. But we think a quarterly run-rate earnings per share scenario of around $0.15 on normalized operations might be appropriate. We believe this growing earnings stream should be valued at a premium multiple.

Regardless, we do think that recurring revenue will continue to grow at a nice pace due to the expanding base of hardware installations.

The company has a habit of providing some information arbitrage on their earnings calls. We’ll see if they can give some more clarity today.

Research

Thu, 07 Aug 2025 15:11:51 GMT

Acorn Energy, Inc. (NASDAQ:ACFN) ($29.62; $73.8M market cap) announced Q2 2025 results:

Q2 sales of $3.5 million vs. $2.3 million in the prior year
Q2 2025 EPS: $0.28 vs. $0.11 in the prior year
Material Contract contributed $1.4M in Q2 revenue
Nasdaq uplisting completed post-quarter
Management guiding for strong operating leverage (50% of incremental revenue to drop to operating income)
Active evaluation of M&A opportunities

"Our Q2 results reflect the strength of our technology and solutions as well as the operating leverage of our high-margin business model. Our business is fueled by hardware sales that create recurring revenue streams from annual monitoring contracts, 90% or more of which typically renew each year. Given the modest incremental investment required to scale our business, we expect approximately 50% of each incremental revenue dollar to drop to our operating income line for the foreseeable future.

Our results continue to benefit from an estimated $5.4M contract to provide monitoring equipment plus an initial year of monitoring services for 5,000 -10,000 cell tower backup generators for a national cellular phone provider which we refer to as the Material Contract. The monitoring hardware rollout is progressing well, and we expect to complete all hardware deliveries by the end of 2025. We recognize hardware revenue upon delivery and customer acceptance, while monitoring revenue is deferred and then amortized over 12 months. The contract contributed $1.4M of revenue in Q2’25 and a total of $4.1M since inception in Q4’24, approximately 95% of which relates to hardware sales thus far.

Several factors are expected to drive demand for backup power generation and our remote monitoring services in the coming years. Most importantly, growing energy demand is taxing our aging grid infrastructure, resulting in increasing reliability challenges for electricity access. In addition, a growing incidence of extreme weather events and natural disasters that disrupt electricity access for days, weeks and sometimes months, further underscores the critical importance of reliable backup power. These factors are contributing to increasing awareness, interest and demand for backup power and remote monitoring solutions that ensure their proper functioning across commercial, industrial, and residential applications.

As a pioneer and technology leader in remote monitoring solutions, OmniMetrix is primed to scale our base of monitored endpoints in step with the expected growth in standby generator deployments. At the same time, we continue to invest in developing new products as well as enhancing our industry-leading solutions to deliver the greatest possible value to our growing base of customers.

We’ve been working diligently to ensure the success of our large cell tower rollout, demonstrating our market leadership and creating momentum for expanded collaborations and other large-scale deployment opportunities. Our internal sales team focuses on large commercial and industrial customer opportunities, and we access the residential market through our network of approximately 600 generator dealers in North America. We are also seeking to forge strategic relationships with one or more OEMs to extend our market reach. Additionally, we continue to evaluate possible M&A opportunities that are closely aligned with our business model and have the potential to be meaningfully accretive. These initiatives require discipline, patience, and persistence and, therefore, it’s not possible to predict timing or outcomes, but we want you to be aware of these areas of focus.

Subsequent to quarter-end, we completed an uplisting to the Nasdaq Capital Market, a significant milestone for our company. The Nasdaq listing should benefit our shares and shareholders by enhancing our visibility, attracting a broader base of investors and improving trading liquidity of our shares thereby supporting growth through potential M&A opportunities.”

Our Quick Take:

Acorn’s Q2 2025 press release confirms continued execution on its $5.4M telecom contract, with hardware rollout progressing toward full delivery by year-end. Monitoring revenue tied to this deployment is now being recognized, and starting to makemarking visible recurring revenue contributions. Management reiterated the contract’s value, describing it as a momentum builder for future large-scale deployments. Importantly, the company restated its goal of capturing additional telecom sites, either through the current customer or new partnerships, a core theme in our prior research. Internal sales efforts remain focused on large commercial/industrial accounts, while new OEM and M&A opportunities are being explored to expand reach.

Research

Wed, 23 Jul 2025 14:29:10 GMT

Acorn Energy, Inc. (OTCQB:ACFN) ($15.95; $39.7M market cap) announced uplisting to Nasdaq Capital Market:

Key highlights:

Common stock approved for listing on Nasdaq Capital Market effective July 24, 2025; ticker remains ACFN
Cash balance of $2.6M and no debt as of March 31, 2025
Management targets >20% average annual revenue growth over 3–5 years, with 50% incremental margin contribution

"Acorn has emerged as a technology and service leader in remote monitoring and control solutions for backup generators and other industrial equipment. We continue to build our base of recurring monitoring revenue through the sale of new monitoring hardware units.

Uplisting to Nasdaq is an exciting milestone for our employees and other stakeholders. It underscores our transformation from a diversified entity with a history of operating losses to a focused, high-margin, cash-generating growth business. Based on favorable trends driving demand for backup generators and remote monitoring, we believe we can grow our revenue at an average annual rate of 20% or more, over the next three-to-five year period, while bringing approximately 50% of each incremental revenue dollar to the operating profit line. We expect to exceed our 20% growth target in 2025 and believe our Nasdaq listing will support us in continuing to grow and build shareholder value.”

Research

Thu, 08 May 2025 20:38:52 GMT

Acorn Energy, Inc. (OTCQB:ACFN) ($17.25; $43.0M market cap) announced Q1 2025 results:

Q1 sales of $3.1 million vs. $2.1 million in the prior year
Q1 EPS of $0.19 vs. $0.03 in the prior year (fully taxed which has not been the case in prior quarters). If we did not tax the numbers and added it back to one time, cost, EPS would’ve been about $0.26.
TTM fully taxed EPS is $0.78.
Our Quick take:
The key to the next leg up in the stock will be for the company to prove it can win more contracts to deploy its hardware and remote monitoring services at additional telecom sites under its current wireless telecom contract and/or secure contracts with new telecom customers.
Continued increase recurring revenue from its monitoring services, so that one day it can get big enough to mitigate the lumpiness of hardware revenue.

Management Commentary:

Jan Loeb, Acorn’s CEO, stated “Our results continue to benefit from a large contract to provide monitoring equipment and an initial year of monitoring services for 5,000 to 10,000 cell tower backup generators. The rollout is progressing well, and we expect to complete hardware deliveries in 2025…

… I did want to confirm that we have initiated discussions with Nasdaq regarding our intention to apply to list our common stock on the Nasdaq Capital Market exchange. We believe that we currently meet all the requirements for uplisting and we have submitted our initial application, commencing what we expect to be a process that typically takes a couple of months. In conjunction with the Nasdaq uplisting, we are also considering a change in our corporate name to better reflect our operational focus.”

Research

Thu, 06 Mar 2025 16:17:26 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($17.30; $43.0M market cap), announced Q4 and full year 2024 results:

Q4 Sales of $3.5 million vs $2.2 million in the prior year
Q4 adjusted EPS of $0.31 vs EPS of $0.03 in the prior year
Full year sales of $10.9 million vs $8.0 million in the prior year
Full year adjusted EPS of $0.74 vs adjusted EPS of $0.05

We encourage everyone to read the full release, but here are some highlights from management's comments:

“We have built a very compelling business model with high margin, annually recurring monitoring revenue, monitoring hardware sales and a blended gross margin of over 70%. We have also been able to manage our cost structure so that over 50% of 2024 incremental revenue contributed directly to our pre-tax profit in 2024...Acorn’s stockholders’ equity now exceeds $5M, meeting a critical metric that will let us pursue an uplisting to the Nasdaq Capital Market in the first half of this year.

Q4’24 and full-year 2024 operating results benefited from revenues relating to a material contract with a leading cell phone provider. The contract value, initially estimated at approximately $5M, represents monitoring equipment and the first year of monitoring services for 5,000 to 10,000 cell tower generators in the U.S. The rollout is progressing well and we expect the pace of hardware shipments to accelerate in the next few quarters, enabling us to complete the statement of work in 2025.

This is a transformational contract as our selection through a competitive bidding process demonstrates the strength of our technology, team, capabilities and customer service commitment. We are working very hard on the rollout and execution and hope our efforts position us for future opportunities with this customer as well as others with substantial remote monitoring needs.

We see several factors that should increase commercial and consumer demand for backup power generation and our industry-leading solutions in the coming years...

In summary, we believe Acorn is very well positioned to achieve long-term growth and improve profitability. We deliver valuable, high ROI solutions that enable customers to meet their personal, operational, financial and environmental goals. We have industry-leading engineering, product development and customer service teams and an efficient cost structure that provides significant operating leverage on incremental revenue. Because of our lean operating structure, we are agile and are able to respond to customer requests such as customized reporting and additional data visibility in a time-efficient manner. Given these factors and continued strength expected in the coming year, we should be positioned to exceed our long-term annual revenue growth target of 20% again in 2025.”

In the September 2024 Open Monthly Forum, we added ACFN to the NEW Open Forum Focus Model Portfolio. We made this decision based on Information Arbitrage in ACFN’s Q2 conference calls, which we confirmed on our August 12, 2024 Management Briefing Skull Session event with the company’s CEO. We also reported that Q4 EPS would not decline from Q3 due to Information Arbitrage in a presentation conveyed to us by a GeoInvesting Member (Kris Tuttle, founder of IPOcandy.com).

Kris was a guest on MS Microcaps’ Virtual Conference on Tuesday. Stay tuned for the reply.

ACFN is a provider of remote monitoring and control systems and Internet of Things (IoT) services

Research

Thu, 07 Nov 2024 20:25:07 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($14.11; $35.0M market cap), announced Q3 2024 results:

Sales of $3.05 million vs $2.08 million in the prior year
EPS of $0.29 vs EPS of $0.01 in the prior year

“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 one of the nation’s largest cell phone providers for equipment and remote monitoring services for thousands of cell tower backup generators across the U.S.

“This contract, OmniMetrix’s largest, was secured through a competitive process which recognized the value and capabilities of our industry-leading technology and solutions and our high level of customer service. We are committed to the successful rollout of this program which should provide a compelling case study for other large commercial and industrial customers...

...We have a very strong team and an efficient structure that can deliver meaningful operating leverage on incremental revenue. As a result, we have achieved Q3’24 EPS of $0.29 vs. $0.01 in the prior-year period. We have also improved our cash position to $2.2M at quarter end, compared to $1.5M at year-end 2023, and $2.1M as of November 5, 2024 with no debt. We expect our business momentum to continue in Q4’24 and beyond as we execute on the cell tower project and other opportunities that we are currently pursuing.”

In the September 2024 Open Monthly Forum, we added ACFN to the NEW Open Forum Focus Model Portfolio. We made this decision based on Information Arbitrage in ACFN’s Q2 conference calls, which we confirmed on our August 12, 2024 Management Briefing Skull Session event with the company’s CEO.

It was nice to see that Q3 EPS easily exceeded our expectations of about 20 cents.

ACFN Q3 EPS outing also helps us gain confidence that shares will exceed the requirement that Focus Model Portfolio holdings should have at least 50% to 100% near-term upside and long-term multibagger potential.

With today’s move, the stock is up 62% from being added to the Model Portfolio,

ACFN is a provider of remote monitoring and control systems and Internet of Things (IoT) services.

Research

Wed, 05 Jun 2024 14:32:44 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($9.45; $23.5M market cap), announced a $5 million contract with a leading wireless provider.

“This is the largest contract in OmniMetrix’s history and a major milestone for our Company as it confirms the strength and value of our monitoring technology, monitoring services and our customer service commitment. OmniMetrix was selected through a rigorous competitive process. Importantly, this relationship has the potential to position us for other large-scale deployments for this customer and others.

“The engagement also puts us well on our way to achieving our 20% annual revenue growth target in both 2024 and 2025, building on 2023 revenue of $8.1M. Additionally, monitoring endpoints added through this contract should make a material contribution to annually recurring monitoring revenues in 2024 and 2025, and likely in future periods given the potential for annual monitoring service renewals.”

The contract will begin in Q3 2024 and be deployed over a 2 year period.

ACFN is a provider of remote monitoring and control systems and Internet of Things (IoT) services.

Research

Thu, 09 Nov 2023 15:58:01 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($5.20; $12.6M market cap), a provider of remote monitoring and control systems and Internet of Things (IoT) services, announced Q3 2023 results:

Sales of $2.08 million vs $1.78 million in the prior year
EPS of $0.01 vs a loss of $0.08 in the prior year

“Our long-term goal remains the achievement of 20% average annual top-line growth. Although we are below that level on a year-to-date basis in 2023, we have a range of business development initiatives in process that we believe should help us reach that goal going forward. Underlying our growth objectives are the substantial efficiency, cost reduction, risk mitigation and environmental benefits that our solutions provide to both commercial and residential customers.”

Reseller Agreement with Leading Commercial Generator Dealer

“This week we finalized a non-exclusive reseller agreement with one of the nation’s largest multi-regional commercial generator dealers. We believe this agreement could yield 2,500 to 3,000 new monitoring connections per year for OmniMetrix, which could represent hardware sales, activation fees and monitoring revenue totaling between $1-2 million per year. Importantly, endpoints added from this relationship are expected to make a meaningful contribution to the growth of our base of recurring monitoring revenue. We expect initial revenue from this relationship to start in the first quarter of 2024 and to build as the program is rolled out across their dealer network.

We are still waiting on the Company to deliver on its stated goals of at least 20% growth on a consistent basis. Hopefully this new commercial reseller agreement, along with the two initiatives discussed in our recent Skull Session chat with CEO will put the company on track to meet this guidance.

Research

Thu, 07 Sep 2023 19:29:49 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.41; $14.0M market cap), a provider of remote monitoring and control systems and Internet of Things (IoT) services announced the company will be executing a 1 for 16 stock split intended to make its shares more accessible to a broader range of investors.

Reverse Stock Split Details

“Acorn expects its common stock to begin trading on a reverse-split-adjusted basis, under the temporary symbol “ACFND,” effective with the opening of the OTCQB market on Friday, September 8, 2023. The fifth character “D” will remain appended to the Company’s symbol for 20 trading days, at which point it will revert back to “ACFN.”

Following the split the company will have 2.48 million shares outstanding.

We believe it is worth noting, that in our Skull Session Management Morning Briefing and in the Company's Q3 conference call , CEO Jan Loeb had stated that if the company executed a stock split that investors could feel confident good news is coming.

Here is the passage from the Morning Briefing

"...I have found, historically, and I've been in the market for 40 plus years, that if you're going to do a reverse split, it has to be on the tailend of some good news coming..."

Below is the Q&A exchange from the call:

Bill Jone, ACFN IR:

“Okay. The question is from Tom, private investor. And the gist is -- of the question is, he's asking -- it says in the recent proxy materials, you noticed that you're requesting authority to reverse stock split to do a reverse stock split. You've had that authority and to date, have chosen not to do so. Could you explain why you would or would not given that the reverse split could allow more people potentially to buy the stock if it's not a penny stock?”

Jan H. Loeb, Acorn Energy, Inc. - President, CEO & Director

Okay. So definitely correct. We've had permission to reverse the stock and a number of investors have said to us that we should do that in order to make it easier to purchase the stock because the number of brokerage firms don't allow customers to buy stock. So I, in the past, have been hesitant to do that because historically in the 40-plus years that I've been on Wall Street, the reverse stock split typically use value after the reverse split.

So I've been hesitant to do that. There's used only one reason to go ahead with it, and that is and I've said this in the past that if we have some good news and kind of good news to come, meaning a string of good events, that would give me the confidence that reverse split stocks that did not lose value, but will rather gain value for our company.

And so if we do a reverse stock split, and we announced that we're going to do a reverse stock split, I think one can rest assured that we feel very confident about the future, and we have some good news coming. Until that time, I've so far been hesitant to do it. But we'll see what happens in the future. I hope that answers Tom's question.

Research

Thu, 10 Aug 2023 15:16:32 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.30; $11.9M market cap), a provider of remote monitoring and control systems and Internet of Things (IoT) services, announced Q2 2023 results:

Sales of $1.97 million vs $1.62 million in the prior year
EPS of $0.00 vs a loss of $0.01 in the prior year

“Given both the business and environmental benefits of our solutions, we remain confident in our ability to achieve our long-term 20% annual, cash-basis revenue growth goal. We delivered consolidated profitability and positive cash flow in Q2’23, and if we are able to meet our revenue growth goal, we’d expect to be profitable and operating cash-flow positive at the consolidated corporate level for the full year. Our operating company, OmniMetrix, has been profitable since 2019 and remained so through the pandemic.

“We have been working very hard the past several years to position Acorn for sustainable growth and profitability. Given Acorn’s net operating loss carryforwards (NOLs) of over $70M, future profits would be largely shielded from tax liability, further benefiting cash flows as we achieve ongoing profitability.

Research

Thu, 11 May 2023 15:13:34 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.34; $13.6M market cap), a provider of remote monitoring and control systems and Internet of Things (IoT) services, announced Q1 2023 results:

Sales of $1.74 million vs $1.75 million in the prior year
EPS of $0.00 vs $0.00 in the prior year

“Our Q1 '23 results reflect a return to monitoring revenue growth benefitting our gross margin and bottom line. Our Q1’22 revenue benefited from higher than normal sales of our next-generation wireless monitoring units, driven by the sunsetting of wireless carrier support for 3G technology that occurred in February 2022. Sunsetting also impacted our monitoring revenue as a small percentage of residential customers did not elect to upgrade or went with an OEM competitor, however our Q1 '23 results demonstrate that the period of monitoring revenue decline due to sunsetting is now behind us. Our cash-basis revenue comparison was also impacted by prior-year sunsetting.

“Importantly, we ended Q1’23 with a record ‘backlog’ of approximately $6.2M versus $5.7M a year-ago. Our backlog is essentially deferred revenue of which 65%, or $4.0M, will be recognized as revenue under GAAP over the balance of 2023. With the exception of Q1 last year, which reflected the non-recurring positive impact on product sales of sunsetting replacement units, historically the first quarter tends to be our slowest quarter."

Research

Thu, 16 Mar 2023 19:19:25 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.34; $13.6M market cap), a provider of remote monitoring and control systems and Internet of Things (IoT) services, announced Q4 2022 results:

Sales of $1.84 million vs $1.75 million in the prior year
EPS of $0.00 vs $0.00 in the prior year

“Though some economic uncertainties persist, 3G sunsetting, which negatively impacted our high-margin monitoring revenue growth in 2022, is behind us. In fact, in Q4, our monitoring revenue was essentially flat versus Q4’21, after being down in each of the first three quarters of 2022. We expect monitoring revenue growth to return and align with historical growth trends in 2023, which we benchmark at greater than 20%. In fact, I’m very bullish that our overall growth, which we define as cash-basis revenue growth, will also exceed this target. Our confidence stems from current discussions and sales orders in early 2023, as well as from the potential of increased monitoring revenue and profitability from “demand response” programs. In July 2022, we announced a partnership between OmniMetrix, CPower Energy Management and Power Solutions Specialists TX, to help homeowners who install new standby generators to earn compensation for grid relief, which is known as demand response. Under the program, homeowners are compensated just for signing up and possibly supplying grid offload by running their generators for up to 12 hours per year, during periods of extreme demand, when the grid is stressed. We anticipate this partnership will begin generating revenue in late 2023.

It is also important to note that if we meet our target growth, we’d expect to move to positive profitability in 2023. More than $70M of operating loss carryforwards (NOLs) would largely shield the company from cash taxes and benefit the company’s cash flow and cash position in 2023 and future periods.”

We will be on the call at 11:00 AM EST this morning to see if any information arbitrage is presented by management.

Research

Thu, 10 Nov 2022 16:42:33 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.43; $17.0M market cap), a provider of remote monitoring and control systems and Internet of Things (IoT) services, announced Q3 2022 results:

Sales of $1.78 million vs $1.70 million in the prior year
Loss of $0.01 vs $0.00 in the prior year

“ We have a bullish outlook for a strong finish to 2022, based on purchasing forecast discussions with current customers and new business leads to date in the fourth quarter...

...Looking into 2023 and beyond, we are very excited by the growth and profitability potential offered by electric grid relief - or 'demand response' programs. These programs, which let electric grid operators automatically shift the power load to stand-by generators during peak demand, rely on our remote monitoring and control capabilities.”

Research

Fri, 12 Aug 2022 04:00:00 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.53; $21.2M market cap) is a provider of remote monitoring and control systems and Internet of Things (IoT) services announced Q2 2022 results:

Sales of $1.6 million vs $1.6 million in the prior year
Loss of $0.01 vs break even in the prior year

“based on purchase orders, current sales and marketing activity and customer discussions we're seeing in early Q3, we expect our second half to be significantly stronger than the first half of 2022. We also remain very optimistic about our intermediate and long-term growth prospects.”

Research

Mon, 13 Jun 2022 12:17:13 GMT

Acorn Energy Inc (NASDAQ:ACFN) – announced a new partnership with CPower Energy Management, a national energy solutions provider which will enable OmniMetrix standby generator customers to participate in electric grid relief programs. OmniMetrix is a subsidiary of Acorn Energy, Inc. (ACFN).

“The partnership will also serve as a catalyst for dealers to offer new standby generators on significantly more favorable terms to energy users; these customers will get paid for their demand response participation and the energy their generator contributes for shifting their load.

We are excited to partner with CPower to enable our customers and our company to benefit from the recurring revenue potential of demand response programs. Our remote monitoring and control solutions provide the ‘last mile’ connection and controls essential for demand response participation. This partnership builds on the value of wirelessly monitored and controlled standby-generators by providing an ongoing stream of payments to the generator owner. It’s really a win-win for all parties, including the communities where demand response will be providing needed support to the energy grid.”

Interviews

Sun, 29 May 2022 14:25:42 GMT

Clip Rewind (12/10/2020) - ACFN CEO Jan Loeb Talks About Competitors And Growth

Research

Fri, 13 May 2022 17:27:28 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.40; $15.5M market cap) is a provider of remote monitoring and control systems and Internet of Things (IoT) services announced Q1 2022 results:

Sales of $1.7 million vs $1.7 million in the prior year
EPS of $0.00 vs $0.00 in the prior year

"Given our leadership in the remote monitoring industry, we see substantial opportunities for growth in the under-penetrated commercial and industrial markets we currently serve, as well as in new adjacent markets. We also have the financial strength to support our growth as well as the potential for growth through partnership or acquisition. "

"We have been successful so far in mitigating impacts from global supply chain issues by actively managing inventory of key components and inputs. As of today, we do not expect supply issues or rising costs to have a material adverse impact on our business, and we remain confident in our goal of 20% average annual cash-basis sales growth."

Research

Wed, 10 Nov 2021 16:08:51 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.59; $23.4M market cap) is a provider of remote monitoring and control systems and Internet of Things (IoT) services announced Q3 2021 results:

Sales of $1.70 million vs $1.51 million in the prior year
EPS of $0.00 vs $0.00 in the prior year

“Given the technology leadership of our solutions, the proven innovation and strength of our engineering and design team, and the low penetration of the industrial markets we serve, we see continued opportunities for growth. We also have a strong financial base to support our internal growth and continue to look for other well-priced growth opportunities in related Industrial IoT and remote monitoring markets. We have seen some impact on our business from global supply chain issues but have been successful to date in mitigating most of these logistical issues. To address inflationary pressures on our input costs, we implemented an increase in our hardware prices effective September 1st. At the current time, we do not anticipate either supply issues or cost pressures to have a material adverse impact on our business but we are monitoring the changing supply chain constraints on a daily basis to react swiftly as needed."

On December 9, 2020 we initiated our long position and added the stock to our Run to One Portfolio at $0.40.

Research

Tue, 14 Sep 2021 04:00:00 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.64; $25.4M market cap) is a provider of remote monitoring and control systems and Internet of Things (IoT) services. Yesterday, the company hosted its annual meeting via Zoom. The main takeaway from the meeting was that management disclosed that a small customer was significantly increasing its business with the Company.

This morning the company issued the following release:

ACFN announced it has partnered with Power Solutions Specialist, LLC (PSS) to provide remote monitoring and control equipment and services for thousands of Briggs and Stratton back-up power generators over the next twelve months. Based outside of Houston, Texas, PSS is a leading stand-by back-up power generator dealer and service provider in the region.

“Under the terms of our initial agreement we expect to provide monitoring equipment and services, including the ability to remotely start and stop generators and clear alarms to thousands of generators over the next twelve months, and we hope to build on this relationship in future years.”

Research

Mon, 09 Aug 2021 14:22:48 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.64; $25.4M market cap), a provider of remote monitoring and control systems and Internet of Things (IoT) services announced Q2 2021 results:

Sales of $1.61 million vs $1.46 million in the prior year
EPS of $0.00 vs loss of $0.01 in the prior year

“Demonstrating our continued growth and the positive operating leverage of our business model, Q2'21 revenue improved to $1.6M, and Acorn achieved its third consecutive profitable quarter. Year-to-date, our revenue improved by $510,000 to $3.3M with the majority of this increase dropping to the bottom line, as we moved from a loss to a small profit, even as our operating expenses grew with more travel and staff additions...

...Given our unique capabilities and track record, combined with the limited overall penetration of the large-scale industrial markets we serve, there are significant long term growth prospects for our Company, particularly as economic activity gradually returns to pre-pandemic levels...

...We feel we have the personnel, capabilities and solid financial base to continue to grow our business organically, while also pursuing complementary accretive growth opportunities. Given our NOL position of nearly $70M at year-end 2020, we accrued no income tax expense in the first half of 2021. We expect our NOL position should largely shield Acorn from cash income taxes for the foreseeable future, thereby benefiting the company's cash flow."

The company’s Q2 2021 conference call is today at 11 AM EST, we plan to be on to see if management offers any additional comments on the company’s outlook.

On December 9, 2020 we initiated our long position and added the stock to our Run to One Portfolio at $0.40.

Research

Wed, 12 May 2021 14:51:46 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.64; $25.4M market cap), a provider of remote monitoring and control systems and Internet of Things (IoT) services announced Q1 2021 results:

Sales of $1.7 million vs $1.3 million in the prior year
Operating income of $267,000 vs a loss of $53,000 in the prior year
EPS of $0.00 vs loss of $0.01

Acorn achieved profitable operations in Q1'21 on 27% revenue growth, building on our Q4'20 performance. Notably, we increased our Q1'21 revenue by $367,000 to $1.7M from $1.3M in Q1'20. More than 80% of this increase fell to the bottom line, demonstrating the leverage in the business model we have built, as well as the benefit of our lean operating structure.‎..

...Our financial position remains strong with approximately $2M of cash and no debt. We generated $68,000 of net cash from operating activities in Q1'21 and paid off our receivables line which had $149,000 outstanding at year end. We chose not to renew the line at this time, considering our current cash position and expected future cash generation. We feel we have a solid financial base on which to grow the existing business and to consider accretive growth opportunities in the IoT space...

...This gives us confidence in our long-term growth opportunity and our belief that the business can grow at a 20% rate or better going forward."

On December 9, 2020 we initiated our long position and added the stock to our Run to One Portfolio at $0.40.

Research

Tue, 23 Mar 2021 17:57:19 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.68; $27.3M market cap), a provider of remote monitoring and control systems and Internet of Things (IoT) services shares hit a new high of $0.68 in yesterday's trading session. On December 9, 2020 we initiated our long position and added the stock to our Run to One Portfolio at $0.40. If you missed the December 11, 2021 fireside chat with ACFN’s CEO Jan Loeb, please view it here.

ACFN presented at the Maxim emerging growth conference which took place March 17 to 19. We wanted to thank Geoinvesting member, Tim Heitman for bringing this to our attention.

Below are a few quick highlights from Jan Loeb’s video presentation at the conference:

Goal of becoming Nasdaq listed company in 2021
Believes it will resume growth goal of 20% in 2021
New products rollout in 2020 and continuing into 2021
Patent portfolio creates strong barrier to entry advantage
No debt and $70 million of federal operating loss carryforwards (aka NOL’s)
Growing, high margin recurring revenue base with large market opportunity

Research

Wed, 17 Mar 2021 04:00:00 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.60; $23.8M market cap), a provider of remote monitoring and control systems and Internet of Things (IoT) services for stand-by generators, pipelines, air compressors, and other critical industrial equipment, announced Q4 2020 results yesterday which we highlighted here.

The conference call took place during the trading day yesterday, and we wanted to share some of the bullish remarks from management:

“we believe Acorn is on track to achieve profitability and positive cash flow on a consolidated basis for the full year 2021 and moving forward. This is particularly significant for Acorn because we have nearly $70 million of net operating loss carryforwards, or NOLs. These NOLs will shelter our future net income from federal taxes for the foreseeable future, positively impacting our operating cash flow and benefiting our future cash balances and financial positioning. Further, we no longer have any debt as we paid off our line of credit last month...

...What this means for our shareholders is we now have a growing cash-generating and self-funding business with attractive margins and recurring revenue streams...

...In the near term, we believe we have a strong foundation upon which to achieve further top line and bottom line growth in fiscal 2021...

...Our next milestone is to show that we have significant growth potential and the profitability that that growth can bring. As you know, we have a 70% gross profit margin on our business. So as our growth ramps up, the profitability story becomes a very large one. And so I hope to bring focus to that over the next year or so, and conferences will help me accomplish that”

On December 9, 2020 we initiated our long position and added the stock to our Run to One Portfolio when the stock was trading at $0.40. If you missed the December 11, 2021 fireside chat with ACFN’s CEO Jan Loeb, please view it here.

Research

Tue, 16 Mar 2021 16:39:52 GMT

Acorn Energy Inc (NASDAQ:ACFN) ($0.57; $22.8M market cap) a provider of remote monitoring and control systems and Internet of Things (IoT) services for stand-by generators, pipelines, air compressors, and other critical industrial equipment, announced Q4 2020 results:

Sales of $5.9 million vs $5.4 million in the prior year
EPS of $0.00 vs a loss of $0.02 in the prior year

“Despite significant business challenges posed by COVID-19, Acorn was able to achieve operating profitability on a consolidated basis in the fourth quarter and positive cash flow for the quarter and full year. Going forward, we believe Acorn is on track to achieve our long-standing goal of profitability and positive cash flow on a consolidated basis in fiscal 2021 and beyond. Importantly, Acorn has nearly $70 million of net operating loss carryforward tax assets (NOLs) which will largely shield future income from taxes, thereby positively impacting our future cash flows...

...We believe we are well positioned to achieve further top-line and bottom-line growth in our business in fiscal 2021 as business conditions gradually return to a more normalized state...

...We continue to target average annual revenue growth of 20% and expect to return to a trajectory more in line with that goal in 2021."

On December 9, 2020 we initiated our long position and added the stock to our Run to One Portfolio when the stock was trading at $0.40.

Research

Thu, 10 Dec 2020 05:00:00 GMT

Initiated A Long Position And Added ACFN To Our Run to One Portfolio

Yesterday via premium tweet we disclosed a long position in ACFN on the heels of a recent transaction showing CEO Jan Loeb purchased 164,501 shares from a former director at a price of $0.30. This news came the day after we held our live Fireside Chat interview with the CEO, Jan Loeb,, where he elaborated on the Company’s remote monitoring services. A recording of this session will be made available soon.

For those who were unable to join the call and want to get more familiar with Acorn before the Fireside Chat publication, the company has a new investor presentation which offers a comprehensive overview of the story.

We also added the stock to our Run to One Model Portfolio.