ACFN Q1 2024 Earnings — Acorn Energy, Inc. Revenue & Financial Results | Market Cap Arena

ACFNAcorn Energy, Inc.

$53M

Q1 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$2M+21.9% YoY

Gross Profit

$2M74.6% margin

Operating Income

$78,0003.7% margin

Net Income

$65,0003.0% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

-5.2%

Cash Flow

Operating Cash Flow

-$43,000

Free Cash Flow

-$45,000

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$5M

Total Liabilities

$6M

Stockholders' Equity

-$733,000

Cash & Equivalents

$1M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2M	$2M	+21.9%
Gross Profit	$2M	$1M	+20.9%
Operating Income	$78,000	-$95,000	+182.1%
Net Income	$65,000	-$85,000	+176.5%

Revenue Segments

Monitoring

$1M52%

Hardware

$1M48%