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) delivers IoT-powered monitoring systems for critical infrastructure sectors including energy, maritime security, and electrical grid management. This news hub provides investors and industry professionals with centralized access to official announcements, strategic developments, and operational updates.
Explore timely reports on technology innovations, partnership agreements, and financial performance. Our curated collection includes earnings releases, product launch details, and regulatory filings – all essential for understanding ACFN's role in enhancing infrastructure reliability through remote sensing solutions.
Key updates cover advancements in fiber optic monitoring for energy assets, grid stability technologies, and underwater security systems. Bookmark this page to stay informed about Acorn Energy's progress in optimizing industrial operations through real-time data analytics and automated control platforms.
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.
Acorn Energy (OTCQB: ACFN), a provider of remote monitoring and control solutions for critical assets, has announced its 2024 Annual Meeting of Stockholders. The meeting is scheduled for Tuesday, September 17, 2024, at 2:00 PM ET and will be held both in-person and virtually via Zoom. Shareholders can attend in person at 2800 Quarry Lake Drive, Suite 130, Baltimore, Maryland 21209, or register in advance for virtual attendance.
Following the formal portion of the meeting, management will conduct a Q&A session to address shareholder questions. Investors can submit questions before and during the meeting to ACFN@catalyst-ir.com. For registration and technical assistance, shareholders can contact AcornMeeting@gmail.com.
Acorn Energy (OTCQB: ACFN) reported Q2'24 results with EPS improving to $0.11 from $0.04 year-over-year. Total revenue increased 15.3% to $2,275,000, driven by a 28.3% rise in hardware revenue and a 4.2% increase in monitoring revenue. The company secured a $5M contract with a leading wireless telecom provider for remote monitoring of cell tower backup generators. Acorn expects to achieve or exceed its 20% annual revenue growth target for this year and next. Net income attributable to Acorn stockholders improved to $271,000 in Q2'24 from $96,000 in Q2'23. The company maintains a strong financial position with $1,463,000 in cash and no debt as of June 30, 2024.
Acorn Energy (OTCQB: ACFN), a provider of remote monitoring and control solutions for backup power generators, gas pipelines, and air compressors, has announced its Q2 2024 conference call scheduled for Thursday, August 8th at 11:00 a.m. ET. The company will release its financial results before the market opens on the same day. Jan Loeb, President & CEO, and Tracy Clifford, CFO & COO of OmniMetrix, will discuss Q2 results and the 2024 outlook, as well as answer investor questions.
Investors can join the call using the dial-in number 1-844-834-0644 (US) or 1-412-317-5190 (International). An audio file and transcript will be made available online after the call. Questions can also be submitted via email to acfn@catalyst-ir.com.
Acorn Energy (OTCQB: ACFN) has secured a $5 million contract with a major U.S. wireless telecommunications provider through its OmniMetrix subsidiary. The contract involves providing remote monitoring and control for 5-10 thousand cell tower backup generators over two years, starting in Q3 2024. This is OmniMetrix's largest contract to date and is expected to significantly boost Acorn's revenue, contributing to its goal of 20% annual revenue growth for 2024 and 2025. The deal highlights the company's technological strength and customer service, positioning Acorn for future large-scale deployments.
