Welcome to our dedicated page for Acorn Energy news (Ticker: ACFN), a resource for investors and traders seeking the latest updates and insights on Acorn Energy stock.
Acorn Energy, Inc. reports developments tied to its remote monitoring and control business for critical infrastructure assets. Through its 99%-owned OmniMetrix subsidiary, the company provides wireless monitoring solutions for standby generators, gas pipelines, cell towers, data centers, utility networks, air compressors and other industrial equipment.
Recurring Acorn news includes quarterly and annual operating results, monitoring revenue and hardware revenue trends, gross margin changes, enterprise deployments, demand-response applications for enrolled backup generators, technology partnerships for infrastructure asset management, annual meeting matters and the company’s Nasdaq listing status.
Acorn Energy (NASDAQ:ACFN), a provider of remote monitoring and control solutions, has received approval for listing on the Nasdaq Capital Market, with trading expected to commence on July 24, 2025. The company will maintain its ticker symbol ACFN.
The company has transformed into a focused, high-margin business, projecting revenue growth of 20% or more annually over the next 3-5 years, with approximately 50% of incremental revenue contributing to operating profit. As of March 31, 2025, Acorn reported $2.6M in cash, no debt, and Q1'25 revenue of $3.1M with net income of $464,000 ($0.19 per diluted share).
Acorn Energy (OTCQB: ACFN), a provider of IoT solutions for monitoring and controlling backup power generators, gas pipelines, and air compressors, has scheduled its Q1 2025 earnings release and conference call. The company will release its financial results before market opening on Thursday, May 8th, 2025, followed by an investor conference call at 11:00 AM ET.
The call will feature prepared remarks and a Q&A session with President & CEO Jan Loeb and OmniMetrix CFO & COO Tracy Clifford. Investors can dial in using 1-844-834-0644 (US) or 1-412-317-5190 (International). Questions can also be submitted via email to acfn@catalyst-ir.com.
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.
Acorn Energy (OTCQB: ACFN) reported strong financial results for 2024, with net income rising to $2.51 per share (including $1.77 per share in deferred income tax benefit) compared to $0.05 per share in 2023. The company achieved a 36% revenue increase to $10.99M, driven by a major contract with a leading cell phone provider.
Key highlights include:
- Q4'24 revenue up 57% to $3.53M with 101% increase in hardware revenue
- Gross margin of 73% for 2024
- Cash position grew 60% to $2.3M
- Working capital improved to $1.1M from ($0.6M)
The company plans to pursue uplisting to the Nasdaq Capital Market in the first half of 2025, supported by stockholders' equity now exceeding $5M. The cell phone provider contract, valued at approximately $5M, involves monitoring equipment and services for 5,000-10,000 cell tower generators.
Acorn Energy (OTCQB: ACFN), specializing in IoT solutions for monitoring and controlling backup power generators, gas pipelines, and air compressors, has scheduled its Q4 and full year financial results announcement for Thursday, March 6th, 2025. The results will be released before market opening, followed by an investor conference call at 11:00 a.m. ET. The call will feature prepared remarks from President & CEO Jan Loeb and OmniMetrix CFO & COO Tracy Clifford, concluding with a Q&A session for investors.
Acorn Energy (OTCQB:ACFN), specializing in remote monitoring and control solutions for backup power generators, gas pipelines, and air compressors, announces its participation in the Virtual Investor Summit microcap conference. The presentation is scheduled for Thursday, November 21st at 1:00 PM ET. CEO Jan Loeb will deliver the presentation and be available for one-on-one investor meetings throughout the day. The presentation will be accessible to all investors through a webcast link.
Acorn Energy (OTCQB: ACFN) reported strong Q3 2024 financial results with total revenue increasing 46.1% to $3.05M, driven by a 90.4% surge in hardware revenue to $1.91M and a 5.1% rise in monitoring revenue to $1.14M. The company's net income rose significantly to $725,000 ($0.29 per share) compared to $24,000 ($0.01 per share) in Q3 2023. The growth was partly attributed to a $724,000 hardware revenue from initial orders of a $5M contract with a major cell phone provider for monitoring cell tower backup generators. The company maintained a strong financial position with $2.2M in cash and no debt as of quarter-end.
Acorn Energy (OTCQB: ACFN), a provider of remote monitoring and control solutions for backup power generators, gas pipelines and air compressors, announced it will release Q3 2024 financial results before market open on Thursday, November 7th. The company will host an investor conference call at 11:00 a.m. ET, featuring CEO Jan Loeb and OmniMetrix CFO & COO Tracy Clifford. OmniMetrix, 99% owned by Acorn, provides IoT wireless monitoring solutions to thousands of commercial and residential customers, including over 25 Fortune/Global 500 companies, serving critical infrastructure like cell towers, medical facilities, and data centers.