ACORN ENERGY INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
ACFN$15.46+5.6%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(IN THOUSANDS, EXCEPT PER SHARE DATA)
| Year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $10,986 | $8,059 |
| COGS | 2,987 | 2,055 |
| Gross profit | 7,999 | 6,004 |
| Operating expenses: | ||
| Research and development expense (R&D) | 1,012 | 875 |
| Selling, general and administrative (SG&A) expense | 5,050 | 5,055 |
| Total operating expenses | 6,062 | 5,930 |
| Operating income | 1,937 | 74 |
| Interest income, net | 73 | 64 |
| Income before income taxes | 2,010 | 138 |
| Current state tax expense | (123) | (9) |
| Deferred income tax benefit | 4,435 | — |
| Net income | 6,322 | 129 |
| Non-controlling interest share of income | (28) | (10) |
| Net income attributable to Acorn Energy, Inc. stockholders. | $6,294 | $119 |
| Basic and diluted net income per share attributable to Acorn Energy, Inc. stockholders: | ||
| Net income per share attributable to Acorn Energy, Inc. stockholders – basic | $2.53 | $0.05 |
| Net income per share attributable to Acorn Energy, Inc. stockholders –diluted | $2.51 | $0.05 |
| Weighted average number of shares outstanding attributable to Acorn Energy, Inc. stockholders – basic | 2,487 | 2,484 |
| Weighted average number of shares outstanding attributable to Acorn Energy, Inc. stockholders – diluted | 2,512 | 2,503 |
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