Backup Power Generator Monitoring and Control Provider Acorn to Present at Planet MicroCap Showcase in Las Vegas Wednesday, April 23rd at 11am PT

Rhea-AI Summary

Acorn Energy (OTCQB: ACFN), a specialist in remote monitoring solutions for backup power generators and other industrial equipment, is set to present at the Planet MicroCap Showcase in Las Vegas on April 23rd, 2025, at 11:00 am PT.

The company recently achieved significant milestones, including:

• Secured a $5M contract with a major cell phone provider for monitoring cell tower backup generators
• Reported 2024 revenue of $10.99M, with $1.66M derived from the new contract
• Achieved net income of $6.3M ($2.51 per share) in 2024, including a $4.4M deferred tax benefit

CEO Jan Loeb will be available for investor meetings at booth #207 during the conference, held at the Paris Las Vegas hotel in partnership with MicroCapClub. The presentation will be accessible via webcast for remote attendees.

LAS VEGAS and WILMINGTON, Del., March 27, 2025 (GLOBE NEWSWIRE) -- Acorn Energy, Inc. (OTCQB: ACFN), a provider of remote monitoring and control solutions for backup power generators, gas pipelines and air compressors, will webcast its presentation at the Planet MicroCap Showcase investor conference on Wednesday, April 23rd at 11:00 am PT / 2:00 pm ET on track 3. Acorn’s CEO Jan Loeb will also be available for in-person investor meetings during the conference (booth #207). The event will be held at the Paris Las Vegas hotel in partnership with the MicroCapClub.

Acorn’s 2024 results reflected the benefit of an approximately $5M contract with a leading cell phone provider for equipment and remote monitoring services for thousands of cell tower backup generators across the US. Acorn reported 2024 revenue of $10.99M which included $1.66M in revenue from the contract, with accelerating deployments anticipated over the next several quarters. Acorn also reported 2024 net income to shareholders of $6.3M, or $2.51 per share, including a $4.4M deferred income tax benefit, or $1.77 per share, based on 2.5M diluted shares outstanding.

Webcast Access
Date/Time: Wednesday, April 23rd at 11:00am PT / 2:00pm ET

URL:
https://event.summitcast.com/view/YNz6mnmEsXyrdRxb78w2nX/guest_book?session_id=c7TyRAUEFnZEksGiuvcht6

If you would like to attend Planet MicroCap or book an in-person meeting with Acorn, please register at:
https://www.meetmax.com/sched/event_113149/conference_home.html

About Planet MicroCap
Planet MicroCap is a global multimedia financial news, publishing and events company focused on providing news, information, data and analytics for the MicroCap investing community. Planet MicroCap has cultivated an active and engaged audience of investors interested in learning about and staying ahead of the curve in the MicroCap space.

About the MicroCapClub (www.microcapclub.com)
MicroCapClub is an exclusive forum for experienced microcap investors to share and discuss stock ideas in sub $500M market cap companies. Since 2011, MicroCapClub members have profiled over 1,200 companies. Investors can join the community by applying to become a member or subscribing. 

About Acorn (www.acornenergy.com) and OmniMetrix™ (www.omnimetrix.net)
Acorn Energy, Inc. owns a 99% equity stake in OmniMetrix, a pioneer and leader in Internet of Things (IoT) wireless remote monitoring and control solutions for stand-by power generators, gas pipelines, air compressors and other industrial equipment. OmniMetrix serves tens of thousands of commercial and residential customers, including over 25 Fortune/Global 500 companies, supporting cell towers, manufacturing plants, medical facilities, data centers, retail stores, public transportation systems, energy distribution and federal, state and municipal government facilities and residential backup generators.

OmniMetrix’s proven, cost-effective solutions make critical systems more reliable and also enable automated “demand response” electric grid support via enrolled backup generators.

Safe Harbor Statement

This press release includes forward-looking statements, which are subject to risks and uncertainties. There are no assurances that Acorn will be successful in growing its business, increasing its revenue, increasing profitability, or maximizing the value of its operating company and other assets. A complete discussion of the risks and uncertainties that may affect Acorn Energy’s business, including the business of its subsidiary, is included in “Risk Factors” in the Company’s most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission.

Follow us
Twitter: @Acorn_IR and @OmniMetrix
StockTwits: @Acorn_Energy

Investor Relations Contacts
Catalyst IR
William Jones, 267-987-2082
David Collins, 212-924-9800
acfn@catalyst-ir.com

FAQ

What is the value of Acorn Energy's (ACFN) new cell tower monitoring contract?

Acorn Energy secured a $5M contract with a leading cell phone provider for monitoring thousands of cell tower backup generators across the US.

When and where is Acorn Energy (ACFN) presenting at the Planet MicroCap Showcase?

Acorn Energy is presenting on Wednesday, April 23rd, 2025, at 11:00 am PT at the Paris Las Vegas hotel.

What was Acorn Energy's (ACFN) revenue and earnings per share in 2024?

Acorn reported 2024 revenue of $10.99M and earnings of $2.51 per share, based on 2.5M diluted shares outstanding.

How much revenue did ACFN generate from the cell tower monitoring contract in 2024?

Acorn Energy generated $1.66M in revenue from the cell tower monitoring contract in 2024.

What was the impact of the tax benefit on ACFN's 2024 financial results?

The $4.4M deferred income tax benefit contributed $1.77 per share to Acorn's 2024 earnings.