Acorn Energy, Inc. is a holding company that provides wireless remote monitoring and control systems for critical infrastructure assets through its primary operating subsidiary, OmniMetrix, LLC. The company serves enterprises, utilities, and public sector entities, offering solutions that track the performance of standby generators, natural gas pipelines, and cathodic protection systems. Acorn Energy's technology leverages the Internet of Things (IoT) to deliver real-time data and diagnostic alerts, enabling proactive maintenance and reducing operational downtime.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
11,478
10,986
8,059
7,000
Cost of Sales
2,663
2,987
2,055
1,929
Gross Profit
8,815
7,999
6,004
5,071
Selling, General & Administrative Expenses
5,732
5,050
5,055
4,804
Research & Development Expenses
1,094
1,012
875
845
Other Operating Expenses
—
—
—
51
Operating Profit
1,989
1,937
74
(629)
Interest and Investment Income
121
73
64
—
Interest Expense
—
—
—
(2)
Total Non-Operating Income
121
73
64
(2)
Income Before Provision for Income Taxes
2,110
2,010
138
(631)
Provision for Income Taxes
(434)
(4,312)
9
—
Consolidated Net Income
2,544
6,322
129
(631)
Net Income Attributable to Minority Interests and Other
(34)
(28)
—
—
Net Income Attributable to Common Shareholders
2,510
6,294
129
(631)
Basic EPS
1.01
2.53
0.05
-0.25
Diluted EPS
0.99
2.51
0.05
-0.25
Basic Weighted Average Shares Outstanding
2,496
2,487
2,484
2,481
Diluted Weighted Average Shares Outstanding
2,538
2,512
2,503
2,481
Shares Outstanding
2,505
2,491
2,485
2,483
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
4,454
2,326
1,449
1,450
Total Cash and Cash Equivalents
4,454
2,326
1,449
1,450
Accounts Receivable
887
1,933
536
597
Other Receivables
21
10
—
—
Total Trade Receivables
908
1,943
536
597
Inventories
1,254
436
962
789
Other Current Assets
337
694
1,089
1,175
Total Current Assets
6,953
5,399
4,036
4,011
Net Property, Plant & Equipment
1,363
589
763
951
Other Long-Term Assets
5,018
4,608
650
1,022
Total Assets
13,334
10,596
5,449
5,984
Accounts Payable
306
297
288
243
Accrued Expenses
171
290
132
171
Current Portion of Leases
158
98
123
116
Unearned Revenue
3,097
3,521
4,034
3,984
Other Current Liabilities
64
78
30
58
Total Current Liabilities
3,796
4,284
4,607
4,572
Leases
884
—
98
220
Other Long-Term Liabilities
338
736
1,570
2,203
Total Long-Term Liabilities
1,222
736
1,668
2,423
Total Liabilities
5,018
5,020
6,275
6,995
Common Stock
25
25
25
25
Treasury Stock
(3,052)
(3,036)
(3,036)
(3,036)
Additional Paid-in Capital
103,621
103,405
103,321
103,261
Retained Earnings
(92,344)
(94,854)
(101,148)
(101,267)
Total Common Shareholders' Equity
8,250
5,540
(838)
(1,017)
Minority Interests and Other
66
36
12
6
Total Shareholders' Equity
8,316
5,576
(826)
(1,011)
Total Liabilities and Shareholders' Equity
13,334
10,596
5,449
5,984
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
2,544
6,322
129
(631)
Depreciation & Amortization
115
121
161
122
Share-Based Compensation Expense
129
56
55
80
Other Adjustments
(252)
(4,300)
136
216
Changes in Trade Receivables
1,045
(1,391)
61
279
Changes in Inventories
(845)
514
(181)
(213)
Changes in Income Taxes Payable
(12)
9
—
—
Changes in Unearned Revenue
(824)
(1,351)
(587)
778
Changes in Other Operating Activities
190
925
298
(600)
Cash from Operating Activities
2,090
905
72
31
Capital Expenditure
(32)
(56)
(78)
(308)
Purchases of Intangible Assets
(1)
—
—
—
Cash from Investing Activities
(33)
(56)
(78)
(308)
Issuance of Common Shares
87
28
5
5
Repurchases of Common Shares
(16)
—
—
—
Net Issuance / (Repurchases) of Common Shares
71
28
5
5
Cash from Financing Activities
71
28
5
5
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash