ACFN Q2 2024 Earnings — Acorn Energy, Inc. Revenue & Financial Results | Market Cap Arena

ACFNAcorn Energy, Inc.

$53M

Q2 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$2M+15.3% YoY

Gross Profit

$2M73.2% margin

Operating Income

$258,00011.3% margin

Net Income

$271,00011.9% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

+6.7%

Cash Flow

Operating Cash Flow

$84,000

Free Cash Flow

$46,000

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$5M

Total Liabilities

$5M

Stockholders' Equity

-$451,000

Cash & Equivalents

$1M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2M	$2M	+15.3%
Gross Profit	$2M	$1M	+11.7%
Operating Income	$258,000	$83,000	+210.8%
Net Income	$271,000	$96,000	+182.3%

Revenue Segments

Hardware

$1M51%

Monitoring

$1M49%