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, 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.
