Acorn Energy Inc (OTC:ACFN)

Friday, August 12, 2022

Research

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.”



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