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. (ACFN) is a Nasdaq-listed holding company focused on IoT-based remote monitoring and control solutions for backup power generators, gas pipelines, air compressors and other critical infrastructure assets through its 99%-owned subsidiary OmniMetrix. The ACFN news feed on Stock Titan aggregates company press releases and other coverage so readers can follow developments in its remote monitoring, asset management and IoT businesses.
News about Acorn often highlights financial results, including quarterly earnings for its monitoring and hardware operations, and commentary on the growth of recurring monitoring revenue. The company regularly announces investor conference calls and presentations, providing context on its business model, contract activity and operating performance.
Another recurring theme in ACFN news is commercial progress in key markets such as backup power for cell towers, industrial facilities and residential generators. Company updates have discussed a large contract with a national cellular phone provider for monitoring thousands of cell tower backup generators, as well as participation in investor conferences focused on microcap companies.
Acorn also issues news on corporate milestones and strategic initiatives. Examples include its approval and uplisting to the Nasdaq Capital Market and a strategic partnership with AIO Systems, Ltd. to expand infrastructure asset management offerings for cell towers, data centers and utility networks in North America under the OmniMetrix brand. These announcements provide insight into how the company is broadening its technology and market reach.
By following the ACFN news page, investors and observers can track earnings releases, contract updates, exchange listing developments, annual meeting information and partnerships that shape Acorn Energy’s role in remote monitoring and control for critical infrastructure.
Acorn Energy, Inc. reported positive Q1'24 financial results, with a significant improvement in EPS to $0.03 from a loss of ($0.03) per share in Q1'23. Revenue increased by 21.9%, driven by growth in both monitoring and hardware segments. The company achieved a gross profit margin of 74.6% and saw a net income of $65,000. Acorn's CEO highlighted the success in new monitoring hardware sales and ongoing development initiatives, including the OmniMetrix Demand Response program. The company remains optimistic about securing more commercial and industrial monitoring projects in 2024.
Acorn Energy, provider of remote monitoring and control solutions for stand-by power generators, gas pipelines, and air compressors, will host its Q1 conference call on Thursday, May 9th at 11:00 a.m. ET. The call will discuss Acorn's Q1 results, 2024 outlook, and answer investor questions. Jan Loeb, President & CEO, and Tracy Clifford, CFO of Acorn & COO of OmniMetrix, will lead the call.
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