ACFN Q1 2023 Earnings — Acorn Energy, Inc. Revenue & Financial Results | Market Cap Arena

ACFNAcorn Energy, Inc.

$53M

Q1 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$2M-0.1% YoY

Gross Profit

$1M75.2% margin

Operating Income

-$95,000-5.4% margin

Net Income

-$85,000-4.9% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

-5.2%

Cash Flow

Operating Cash Flow

-$83,000

Free Cash Flow

-$109,000

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$6M

Total Liabilities

$7M

Stockholders' Equity

-$1M

Cash & Equivalents

$1M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2M	$2M	-0.1%
Gross Profit	$1M	$1M	+4.6%
Operating Income	-$95,000	-$122,000	+22.1%
Net Income	-$85,000	-$123,000	+30.9%

Revenue Segments

Other Revenue Related to Accessories, Repairs and Other Miscellaneous Charges

$140,000100%