ACORN ENERGY, INC.ACFNEarnings & Financial Report
Acorn Energy Inc. is a NASDAQ-listed conglomerate investing in electricity generation and security. It was founded by George Morgenstern in 1984 as Decision Systems, Inc. and was taken public by Laidlaw Securities. The name was later changed to Data Systems and Software Inc. John Moore became CEO in 2006 and changed the name to Acorn Factor and later to Acorn Energy.
Revenue
$2.3M
Gross Profit
$1.7M
Operating Profit
$258.0K
Net Profit
$271.0K
Gross Margin
73.2%
Operating Margin
11.3%
Net Margin
11.9%
YoY Growth
15.3%
EPS
$0.11
ACORN ENERGY, INC. Q2 FY2024 Financial Summary
ACORN ENERGY, INC. reported revenue of $2.3M (up 15.3% YoY) for Q2 FY2024, with a net profit of $271.0K (up 182.3% YoY) (11.9% margin). Cost of goods sold was $610.0K, operating expenses totaled $1.4M.
Key Financial Metrics
| Total Revenue | $2.3M |
|---|---|
| Net Profit | $271.0K |
| Gross Margin | 73.2% |
| Operating Margin | 11.3% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
ACORN ENERGY, INC. Q2 FY2024 revenue of $2.3M breaks down across 2 segments, led by PG at $2.1M (90.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| PG | $2.1M | 90.6% |
| Other | $214.0K | 9.4% |
ACORN ENERGY, INC. Revenue by Segment — Quarterly Trend
ACORN ENERGY, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as PG and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| PG | $2.2M | $2.3M | — | — |
| Other | $143.0K | $218.0K | $165.0K | $211.0K |
ACORN ENERGY, INC. Annual Revenue by Year
ACORN ENERGY, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $11.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $11.5M |
| 2024 | $11.0M |
| 2023 | $8.1M |
| 2022 | $7.0M |
ACORN ENERGY, INC. Quarterly Revenue & Net Profit History
ACORN ENERGY, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $2.4M | -32.6% | $1.1M | 45.2% |
| Q3 FY2025 | $2.5M | -18.8% | $252.0K | 10.2% |
| Q2 FY2025 | $3.5M | +54.9% | $720.0K | 20.4% |
| Q1 FY2025 | $3.1M | +45.3% | $464.0K | 15.0% |
| Q4 FY2024 | $3.5M | +56.8% | $5.2M | 148.3% |
| Q3 FY2024 | $3.0M | +46.1% | $725.0K | 23.8% |
| Q2 FY2024 | $2.3M | +15.3% | $271.0K | 11.9% |
| Q1 FY2024 | $2.1M | +21.9% | $65.0K | 3.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1M | $2.3M | $3.0M | $3.5M | $3.1M | $3.5M | $2.5M | $2.4M |
| YoY Growth | 21.9% | 15.3% | 46.1% | 56.8% | 45.3% | 54.9% | -18.8% | -32.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.9M | $4.8M | $5.4M | $10.6M | $11.1M | $12.5M | $12.4M | $13.3M |
| Liabilities | $5.6M | $5.2M | $5.1M | $5.0M | $5.0M | $5.6M | $5.2M | $5.0M |
| Equity | $-733000 | $-451000 | $288000 | $5.5M | $6.1M | $6.9M | $7.2M | $8.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-43000 | $84000 | $698000 | $166000 | $271000 | $629000 | $895000 | $295000 |