ACFN Q2 2023 Earnings — Acorn Energy, Inc. Revenue & Financial Results | Market Cap Arena

ACFNAcorn Energy, Inc.

$53M

Q2 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$2M+21.7% YoY

Gross Profit

$1M75.5% margin

Operating Income

$83,0004.2% margin

Net Income

$96,0004.9% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

+12.8%

Cash Flow

Operating Cash Flow

$238,000

Free Cash Flow

$227,000

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$6M

Total Liabilities

$7M

Stockholders' Equity

-$971,000

Cash & Equivalents

$2M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2M	$2M	+21.7%
Gross Profit	$1M	$1M	+19.6%
Operating Income	$83,000	-$222,000	+137.4%
Net Income	$96,000	-$223,000	+143.0%

Revenue Segments

Other Revenue Related to Accessories, Repairs and Other Miscellaneous Charges

$300,000100%