Acorn Energy (OTC: ACFN) Q2 revenue falls 29%, remains profitable
Rhea-AI Filing Summary
Acorn Energy, Inc. reported Q2 2026 revenue of $2.49 million, down 29.4% from Q2 2025, as lower hardware sales to a national cell phone provider more than offset growth in recurring monitoring revenue. Monitoring revenue rose 8.0% to $1.43 million, while hardware revenue declined 51.7% to $1.06 million.
Gross margin improved to 82.4% from 74.9%, driven by the higher mix of monitoring revenue with gross margin above 94%. Net income attributable to stockholders was $294,000, or $0.12 per diluted share, compared with $720,000, or $0.28, a year earlier. For the first half of 2026, revenue was $4.72 million and net income was $217,000, or $0.09 per diluted share.
Cash was $4.48 million at June 30, 2026, with $277,000 of cash generated from operations in the first half. Management highlighted a new partnership making OmniMetrix monitoring standard on select Champion home standby generators and the launch of the OMNI360 infrastructure monitoring suite, while noting a longer sales cycle and limited visibility for these new offerings.
Positive
- None.
Negative
- Q2 2026 total revenue fell 29.4% to $2,489,000 and net income declined 59.2% year over year, mainly because of a sharp drop in hardware revenue.
- For the first half of 2026, net income attributable to stockholders dropped 81.7% to $217,000 and diluted EPS declined 80.9% compared with the prior-year period.
Filing Explained
At June 30, issued shares stood at 2,560,709, alongside a $250,000 investment in exclusive commercialization rights.
Beyond the reported results, Acorn Energy documents two completed cash-flow mechanics:
At
The
These entries show cash was deployed for the new rights during the period and that the exercise activity was accompanied by a higher issued-share count; ending cash was
8-K Event Classification
Key Figures
Key Terms
deferred revenue financial
gross margin financial
stock-based compensation financial
non-controlling interest financial
Right-of-use assets financial
deferred tax assets financial
Earnings Snapshot
Management targets 20% average annual revenue growth over three to five years and expects more favorable revenue comparisons as significant prior-year hardware revenue from a national cell phone provider cycles out of comparisons.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On August 6, 2026, the Registrant issued a press release announcing its 2026 second quarter results. The press release is attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| 99.1 | Press release of Acorn Energy, Inc., dated August 6, 2026 |
| 104.1 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 6th day of August, 2026.
| ACORN ENERGY, INC. | ||
| By: | /s/ Tracy S. Clifford | |
| Name: | Tracy S. Clifford | |
| Title: | Chief Financial Officer | |
Exhibit 99.1
 |  |
Press Release & Investor Call
Acorn’s Q2 EPS of $0.12 Reflects Increasing High-Margin, Recurring Monitoring Revenue; Growth Initiatives Include New Generator Partnership and OMNI360 Launch
Wilmington, DE – August 6, 2026 – Acorn Energy, Inc. (Nasdaq: ACFN), a provider of remote monitoring and control solutions for generators, gas pipelines, cell tower campuses and other critical infrastructure, announced results for its 2026 second quarter (Q2’26) and six months (6M’26) ended June 30, 2026. Acorn will hold an investor call today at 11am ET (details below).
| Summary Financial Results (1) | ||||||||||||||||||||||||
| ($000s except per share data) | Q2’26 | Q2’25 | Change | 6M’26 | 6M’25 | Change | ||||||||||||||||||
| Monitoring revenue | $ | 1,425 | $ | 1,320 | +8.0% | $ | 2,842 | $ | 2,589 | +9.8% | ||||||||||||||
| Hardware revenue | $ | 1,064 | $ | 2,205 | -51.7 | % | $ | 1,874 | $ | 4,034 | -53.5 | % | ||||||||||||
| Total revenue | $ | 2,489 | $ | 3,525 | -29.4 | % | $ | 4,716 | $ | 6,623 | -28.8 | % | ||||||||||||
| Gross margin | 82.4 | % | 74.9 | % | +750 bps | 81.3 | % | 75.0 | % | +630 bps | ||||||||||||||
| Net income to stockholders | $ | 294 | $ | 720 | -59.2 | % | $ | 217 | $ | 1,184 | -81.7 | % | ||||||||||||
| Net income per diluted share | $ | 0.12 | $ | 0.28 | -57.1 | % | $ | 0.09 | $ | 0.47 | -80.9 | % | ||||||||||||
(1) All of Acorn’s revenue is derived from its 99%-owned operating subsidiary, OmniMetrix™, LLC.
CEO Commentary
Jan Loeb, Acorn’s CEO, said, “Q2 results showed continued strength in high-margin, recurring monitoring revenue from a growing base of monitored endpoints, offset by lower hardware revenue, primarily due to the timing of deployments for a national cell phone provider initiated in late 2024. Hardware revenue from the customer was $263,000 in Q2’26, compared to $1,338,000 in Q2’25.
“Supporting our long-term growth prospects in the residential market is a new partnership agreement with Champion Power Equipment which makes OmniMetrix remote monitoring and control the standard monitoring option on Champion’s aXis and fleX home standby generators. Champion is one of the fastest-growing generator brands in the industry, with a strong position in the residential market. It’s a significant opportunity for us that should begin to positively impact our results in the current quarter.
“Earlier this year, we secured North American rights to a comprehensive suite of remote monitoring solutions with AI-driven insights for telecommunication towers, energy sites, and data centers and formed an Infrastructure Solutions reporting segment for this business. Following several months of development, customization and product enhancements, we formally launched the segment’s first product – OMNI360, which delivers remote monitoring and control solutions for a wide range of critical functions at cell tower campuses.
“OMNI360 is an all-in-one site level management system offered in three different tiers of varying scope with 24/7 network operations center (NOC) support. Capabilities include monitoring/management of environmental changes (temperature, humidity, HVAC control, smoke detection, flood sensors); campus security (AI cameras, site access and intrusion sensing, two-way audio and live incident response); power monitoring and management solutions (fuel sensing and usage prediction, commercial power automatic transfer switch, battery health, transformer temperature, voltage/current imbalance detection); plus smart energy and cooling optimization.
“We are very excited about OMNI360’s potential and are actively working to introduce the product suite across the telecom industry. Given the breadth of the solution, its expanded capabilities and the large size of prospective customers, we anticipate a longer sales cycle but hope to be surprised. Accordingly, it’s too early to provide visibility on the timing of potential revenue opportunities for the OMNI360 suite.
“We also remain active in pursuing complementary strategic M&A opportunities that are accretive to revenue and earnings, where the challenge has been finding the right opportunity on terms that can create value for shareholders. With the significant hardware revenue contributions from our large national cell phone provider now cycled through our year-ago comparison periods, we expect more favorable revenue comparisons moving forward. These factors combined with our growth initiatives should enable us to bring our top-line growth more in line with our three- to five-year target of 20% average annual growth in coming quarters.”
Financial Review
Q2’26 revenue decreased 29.4% to $2,489,000 versus $3,525,000 in Q2’25, primarily due to a $1,141,000 decrease in hardware revenue –– as the prior-year period included significantly more hardware revenue under our material cell phone provider contract noted above. We received $263,000 of hardware revenue and $147,000 of monitoring revenue from the provider in Q2’26, as compared to $1,338,000 of hardware revenue and $102,000 of monitoring revenue in Q2’25. Total monitoring revenue, which is amortized over a service period of typically one year, grew 8.0% to $1,425,000 in Q2’26, reflecting continued growth in monitored endpoints. For the first six months of 2026, total revenue was $4,716,000 vs. $6,623,000 in 6M’25, also reflecting steady growth in monitoring revenue offset by variability in hardware revenue, principally related to large shipments under the material contract in the year-ago period.
Q2’26 gross profit was $2,050,000, reflecting 82.4% gross margin, compared to gross profit of $2,639,000 and gross margin of 74.9% in Q2’25. The margin improvement was principally driven by a greater portion of monitoring revenue, with a 95.6% gross margin in Q2’26 and a 94.6% gross margin in Q2’25, as a percentage of total revenue.
Operating expenses decreased 1.0% to $1,675,000 in Q2’26 versus $1,692,000 in Q2’25, due a $26,000 decrease in research and development (R&D) expense, offset by a $9,000 increase in selling, general and administrative (SG&A) expense. The slight increase in SG&A reflected higher stock-based compensation and personnel expenses, offset by lower commissions related to lower hardware sales. Lower R&D expense primarily reflected the tailing-off of investment related to the completion of Omni and OmniPro product development in 2025, prior to the commencement of our next product initiative.
Lower revenue, partially offset by slightly lower operating expenses, resulted in Q2’26 net income attributable to Acorn stockholders of $294,000, or $0.12 per diluted share, compared to net income of $720,000, or $0.28 per diluted share, in Q2’25. Q2’26 included $99,000 of non-cash, stock-based compensation expense vs. $32,000 in Q2’25. Net income to attributable to Acorn stockholders in the 6M’26 period was $217,000, or $0.09 per diluted share, as compared to $1,184,000, or $0.47 per diluted share, in 6M’25. Net income in 6M’26 included $296,000 of non-cash, stock-based compensation expense vs. $93,000 in 6M’25.
Liquidity and Cash Flow
Excluding deferred revenue of $2,722,000, which has no impact on future cash flow, net working capital was $6,410,000 at June 30, 2026 versus $6,254,000 at December 31, 2025. This included cash of $4,478,000 at June 30, 2026 versus $4,454,000 at year-end 2025.
Through the first half of 2026, Acorn generated $277,000 of cash from operating activities, used $263,000 for investing activities (including $250,000 in Q1 related to the new OMNI360 solutions suite), and received $10,000 from financing activities related to the exercise of stock options––for a net increase in cash of $24,000.
Investor Call Details
| Date / Time: | Thursday, August 6th at 11:00 AM ET | |
| Dial-in Number: | 1-844-834-0644 or 1-412-317-5190 (Int’l) | |
| Replay & Transcript: | Posted to Investor Relations page of Acorn’s website when available. |
About Acorn (www.acornenergy.com) and OmniMetrixTM (www.omnimetrix.net)
Acorn’s 99%-owned OmniMetrix subsidiary is a pioneer and leader in wireless remote monitoring and control solutions, for critical infrastructure assets including standby generators, cell towers, gas pipelines, data centers, and utility networks. OmniMetrix has also recently launched a product line that provides cutting-edge infrastructure security solutions for cell towers, data centers and utility networks. OmniMetrix serves tens of thousands of commercial and residential endpoints, including over 25 Fortune/Global 500 companies in sectors including telecom, manufacturing, healthcare, data centers, retail, public transportation, energy distribution and government facilities, as well as residential customers through generator dealers.
OmniMetrix’s industry-leading, cost-effective solutions make critical systems more reliable, provide security, 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
| X (formerly 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
ACORN ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE DATA)
Six months ended June 30, | Three months ended June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Revenue | $ | 4,716 | $ | 6,623 | $ | 2,489 | $ | 3,525 | ||||||||
| COGS | 881 | 1,658 | 439 | 886 | ||||||||||||
| Gross profit | 3,835 | 4,965 | 2,050 | 2,639 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development (R&D) expenses | 494 | 556 | 239 | 265 | ||||||||||||
| Selling, general and administrative (SG&A) expenses | 3,095 | 2,858 | 1,436 | 1,427 | ||||||||||||
| Total operating expenses | 3,589 | 3,414 | 1,675 | 1,692 | ||||||||||||
| Operating income | 246 | 1,551 | 375 | 947 | ||||||||||||
| Interest income, net | 63 | 51 | 32 | 27 | ||||||||||||
| Income before income taxes | 309 | 1,602 | 407 | 974 | ||||||||||||
| Provision for income taxes | 80 | 396 | 105 | 242 | ||||||||||||
| Net income | 229 | 1,206 | 302 | 732 | ||||||||||||
| Non-controlling interest share of income | (12 | ) | (22 | ) | (8 | ) | (12 | ) | ||||||||
| Net income attributable to Acorn Energy, Inc. stockholders | $ | 217 | $ | 1,184 | $ | 294 | $ | 720 | ||||||||
| Net income per share attributable to Acorn Energy, Inc stockholders – basic and diluted | ||||||||||||||||
| Basic | $ | 0.09 | $ | 0.48 | $ | 0.12 | $ | 0.29 | ||||||||
| Diluted | $ | 0.09 | $ | 0.47 | $ | 0.12 | $ | 0.28 | ||||||||
| Weighted average number of shares outstanding attributable to Acorn Energy, Inc. stockholders – basic and diluted | ||||||||||||||||
| Basic | 2,506 | 2,492 | 2,508 | 2,493 | ||||||||||||
| Diluted | 2,540 | 2,534 | 2,540 | 2,534 | ||||||||||||
ACORN ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
As of
June 30, 2026 | As of
December 31, 2025 | |||||||
| (Unaudited) | ||||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash | $ | 4,478 | $ | 4,454 | ||||
| Accounts receivable, net | 1,068 | 887 | ||||||
| Inventory | 1,127 | 1,254 | ||||||
| Other current assets | 303 | 267 | ||||||
| State income tax receivable | — | 21 | ||||||
| Deferred cost of goods sold (COGS) | 2 | 70 | ||||||
| Total current assets | 6,978 | 6,953 | ||||||
| Property and equipment, net | 338 | 383 | ||||||
| Intangibles, net | 253 | 17 | ||||||
| Right-of-use assets, net | 879 | 963 | ||||||
| Other assets | 107 | 119 | ||||||
| Deferred tax assets | 4,833 | 4,899 | ||||||
| Total assets | $ | 13,388 | $ | 13,334 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 198 | $ | 306 | ||||
| Accrued expenses | 154 | 171 | ||||||
| Deferred revenue | 2,722 | 3,097 | ||||||
| Current operating lease liabilities | 168 | 158 | ||||||
| Other current liabilities | 45 | 46 | ||||||
| State income tax payable | 3 | 18 | ||||||
| Total current liabilities | 3,290 | 3,796 | ||||||
| Long-term liabilities: | ||||||||
| Deferred revenue | 430 | 312 | ||||||
| Noncurrent operating lease liabilities | 791 | 884 | ||||||
| Other long-term liabilities | 28 | 26 | ||||||
| Total liabilities | 4,539 | 5,018 | ||||||
| Commitments and contingencies | ||||||||
| Equity: | ||||||||
| Acorn Energy, Inc. stockholders | ||||||||
| Common stock - $0.01 par value per share: Authorized - 42,000,000 shares; issued - 2,560,709 at June 30, 2026 and 2,555,717 at December 31, 2025; outstanding - 2,509,618 at June 30, 2026 and 2,504,626 at December 31, 2025 | 25 | 25 | ||||||
| Additional paid-in capital | 103,927 | 103,621 | ||||||
| Accumulated stockholders’ deficit | (92,127 | ) | (92,344 | ) | ||||
| Treasury stock, at cost – 51,091 shares at June 30, 2026 and December 31, 2025 | (3,052 | ) | (3,052 | ) | ||||
| Total Acorn Energy, Inc. stockholders’ equity | 8,773 | 8,250 | ||||||
| Non-controlling interests | 76 | 66 | ||||||
| Total equity | 8,849 | 8,316 | ||||||
| Total liabilities and equity | $ | 13,388 | $ | 13,334 | ||||
ACORN ENERGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED) (IN THOUSANDS)
| Six months ended June 30, | ||||||||
| 2026 | 2025 | |||||||
| Cash flows provided by operating activities: | ||||||||
| Net income | $ | 229 | $ | 1,206 | ||||
| Depreciation and amortization | 72 | 56 | ||||||
| Deferred income tax expense | 66 | 320 | ||||||
| Decrease in the provision for credit losses | (1 | ) | — | |||||
| Impairment of inventory | 2 | 4 | ||||||
| Non-cash lease expense | 115 | 66 | ||||||
| Stock-based compensation | 296 | 93 | ||||||
| Change in operating assets and liabilities: | ||||||||
| Increase in accounts receivable | (180 | ) | (207 | ) | ||||
| Decrease (increase) in inventory | 125 | (521 | ) | |||||
| Decrease in deferred COGS | 68 | 251 | ||||||
| (Increase) decrease in other current assets and other assets | (24 | ) | 35 | |||||
| Decrease in state income tax receivable | 21 | 10 | ||||||
| Decrease in deferred revenue | (257 | ) | (564 | ) | ||||
| Decrease in operating lease liability | (114 | ) | (65 | ) | ||||
| (Decrease) increase in state income tax payable | (15 | ) | 27 | |||||
| (Decrease) increase in accounts payable, accrued expenses, other current liabilities and non-current liabilities | (126 | ) | 189 | |||||
| Net cash provided by operating activities | 277 | 900 | ||||||
| Cash flows used in investing activities: | ||||||||
| Equipment, furniture and trade show booth purchases | (5 | ) | (7 | ) | ||||
| Payment for exclusive distribution and commercialization rights | (250 | ) | — | |||||
| Patents | — | (1 | ) | |||||
| Investments in technology | (8 | ) | (9 | ) | ||||
| Leasehold improvements | — | (4 | ) | |||||
| Net cash used in investing activities | (263 | ) | (21 | ) | ||||
| Cash flows provided by financing activities: | ||||||||
| Stock option exercise proceeds | 10 | 48 | ||||||
| Net cash provided by financing activities | 10 | 48 | ||||||
| Net increase in cash | 24 | 927 | ||||||
| Cash at the beginning of the period | 4,454 | 2,326 | ||||||
| Cash at the end of the period | $ | 4,478 | $ | 3,253 | ||||
| Supplemental cash flow information: | ||||||||
| Cash paid during the year for: | ||||||||
| Income taxes | $ | 13 | $ | 34 | ||||
| Non-cash investing and financing activities: | ||||||||
| Right-of-use assets | $ | — | $ | 1,025 | ||||
| Operating lease liability | — | 1,025 | ||||||
| Accrued preferred dividends to former CEO of OmniMetrix | $ | 2 | $ | 2 | ||||