ACORN ENERGY INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
ACFN$15.26-1.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(IN THOUSANDS)
| Year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows provided by operating activities: | ||
| Net income | $6,322 | $129 |
| Depreciation and amortization | 121 | 161 |
| Decrease in the provision for credit losses | (6) | — |
| Impairment of inventory | 12 | 8 |
| Non-cash lease expense | 129 | 128 |
| Deferred income tax benefit | (4,435) | — |
| Stock-based compensation | 56 | 55 |
| Change in operating assets and liabilities: | ||
| (Increase) decrease in accounts receivable | (1,391) | 61 |
| Decrease (increase) in inventory | 514 | (181) |
| Decrease in deferred COGS | 809 | 409 |
| Decrease in other current assets and other assets | 63 | 49 |
| Increase in state income tax receivable | (10) | — |
| Decrease in deferred revenue | (1,351) | (587) |
| Decrease in operating lease liability | (143) | (138) |
| Increase in state income tax payable | 19 | — |
| Increase (decrease) in accounts payable, accrued expenses, other current liabilities and non-current liabilities | 196 | (22) |
| Net cash provided by operating activities | 905 | 72 |
| Cash flows used in investing activities: | ||
| Investments in technology | (48) | (76) |
| Equipment purchases | (8) | (2) |
| Net cash used in investing activities | (56) | (78) |
| Cash flows provided by financing activities: | ||
| Warrant exercise proceeds | — | 5 |
| Stock option exercise proceeds | 28 | — |
| Net cash provided by financing activities | 28 | 5 |
| Net increase (decrease) in cash | 877 | (1) |
| Cash at the beginning of the year | 1,449 | 1,450 |
| Cash at the end of the year | $2,326 | $1,449 |
| Supplemental cash flow information: | ||
| Cash paid during the year for: | ||
| Interest | $1 | $3 |
| Income taxes | $108 | $— |
| Non-cash investing and financing activities: | ||
| Accrued preferred dividends to former CEO of OmniMetrix (see Note 3) | $4 | $4 |
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