ACORN ENERGY, INC.

Listed Company

ACFNCIK 0000880984NasdaqNon-AcceleratedSmaller ReportingServices-Engineering ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$11.48M

Net Income

$2.51M

Total Assets

$13.33M

Equity

$8.25M

Shares Out

2.51M

Op. Cash Flow

$2.09M

Business

ACORN ENERGY, INC. is a holding company focused on technology-driven solutions for energy infrastructure asset management delivered through its OmniMetrix subsidiary. It offers wireless remote monitoring and control IoT systems and services for power generation equipment (including TrueGuard, AIRGuard and Smart Annunciator) and cathodic protection products (including Hero 2 Rectifier Monitor, Patriot Plus Test Station Monitor and RAD). Its operations are organized into two reportable segments: Power Generation (PG) and Cathodic Protection (CP). OmniMetrix serves commercial, industrial and residential customers, gas utilities, pipeline operators, OEMs, service organizations and other critical-infrastructure end users through direct sales and channel partners.

Summary from filing dated 2025-03-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	11	11	8	7	7
COGS	3	3	2	2	2
Gross profit	9	8	6	5	5
Research and development expense (R&D)	1	1	875,000	845,000	739,000
Selling, general and administrative (SG&A) expense	6	5	5	5	4
Total operating expenses	7	6	6	6	5
Operating income	2	2	74,000	−629,000	−8,000
Interest income, net	121,000	73,000	64,000	—	—
Income before income taxes	2	2	138,000	−631,000	−13,000
Current state tax expense	−30,000	−123,000	−9,000	—	—
Deferred income tax benefit	464,000	4	—	—	—
Net income	3	6	129,000	−631,000	−13,000
Non-controlling interest share of income	−34,000	−28,000	−10,000	−2,000	−8,000
Net income attributable to Acorn Energy, Inc. stockholders.	3	6	119,000	−633,000	−21,000
Net income per share attributable to Acorn Energy, Inc. stockholders basic	1.01	2.53	0.05	−0.25	0
Net income per share attributable to Acorn Energy, Inc. stockholders diluted	0.99	2.51	0.05	−0.25	—
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. stockholders basic	2	2	2	2	39,688
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. stockholders diluted	3	3	3	2	39,688

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	4	2	1	1	—
Accounts receivable, net	887,000	2	536,000	597,000	876,000
Inventory, net	1	436,000	962,000	789,000	617,000
Other current assets	267,000	288,000	280,000	288,000	229,000
State income tax receivable	21,000	10,000	—	—	—
Deferred cost of goods sold (COGS)	70,000	406,000	809,000	887,000	799,000
Total current assets	7	5	4	4	4
Property and equipment, net	400,000	505,000	570,000	653,000	517,000
Right-of-use assets, net	963,000	84,000	193,000	298,000	399,000
Deferred COGS	—	70,000	476,000	807,000	714,000
Other assets	119,000	103,000	174,000	215,000	169,000
Deferred tax assets	5	4	—	—	—
Total assets	13	11	5	6	6
Accounts payable	306,000	297,000	288,000	243,000	457,000
Accrued expenses	171,000	290,000	132,000	171,000	164,000
Deferred revenue	3	4	4	4	4
Current operating lease liabilities	158,000	98,000	123,000	116,000	107,000
Other current liabilities	46,000	59,000	30,000	58,000	34,000
State income tax payable	18,000	19,000	—	—	—
Total current liabilities	4	4	5	5	4
Deferred revenue	312,000	712,000	2	—	—
Noncurrent operating lease liabilities	884,000	—	98,000	220,000	336,000
Other long-term liabilities	26,000	24,000	20,000	16,000	12,000
Total liabilities	5	5	6	7	—
Commitments and contingencies (Note 8)	—	—	—	—	—
Common stock $0.01 par value per share; Authorized 42,000,000 shares; issued 2,555,717 and 2,541,308 shares at December 31, 2025 and 2024, respectively; outstanding 2,504,626 and 2,491,130 at December 31, 2025 and 2024, respectively	25,000	25,000	25,000	25,000	397,000
Additional paid-in capital	104	103	103	103	103
Accumulated stockholders deficit	−92	−95	−101	−101	−101
Treasury stock, at cost 51,091 shares at December 31, 2025; 50,178 shares at December 31, 2024	−3	−3	−3	−3	−3
Total Acorn Energy, Inc. stockholders equity	8	6	−838,000	−1	−469,000
Non-controlling interests	66,000	36,000	12,000	6,000	8,000
Total equity	8	6	−826,000	−1	−461,000
Total liabilities and equity	13	11	5	6	6

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	115,000	121,000	161,000	122,000	75,000
Increase (decrease) in the provision for credit losses	1,000	−6,000	—	—	—
Impairment of inventory	27,000	12,000	8,000	41,000	22,000
Non-cash lease expense	184,000	129,000	128,000	124,000	117,000
Stock-based compensation	129,000	56,000	55,000	80,000	75,000
Decrease (increase) in accounts receivable	1	−1	61,000	279,000	−268,000
(Increase) decrease in inventory	−845,000	514,000	−181,000	−213,000	−403,000
Decrease in deferred COGS	406,000	809,000	409,000	−181,000	−207,000
Decrease in other current assets and other assets	5,000	63,000	49,000	−105,000	−172,000
Increase in state income tax receivable	−11,000	−10,000	—	—	—
Decrease in deferred revenue	−824,000	−1	−587,000	778,000	839,000
Decrease in operating lease liability	−118,000	−143,000	−138,000	−130,000	−121,000
(Decrease) increase in state income tax payable	−1,000	19,000	—	—	—
(Decrease) increase in accounts payable, accrued expenses, other current liabilities and non-current liabilities	−103,000	196,000	−22,000	−184,000	—
Net cash provided by operating activities	2	905,000	72,000	31,000	132,000
Investments in technology	−20,000	−48,000	−76,000	−292,000	−317,000
Leasehold improvements	−4,000	—	—	—	—
Patents	−1,000	—	—	—	—
Equipment purchases	−8,000	−8,000	−2,000	—	—
Net cash used in investing activities	−33,000	−56,000	−78,000	−308,000	−324,000
Stock repurchases held in Treasury	−16,000	—	—	—	—
Stock option exercise proceeds	87,000	28,000	—	5,000	—
Net cash provided by financing activities	71,000	28,000	5,000	5,000	−149,000
Net increase in cash	2	877,000	−1,000	−272,000	−341,000
Interest	—	1,000	3,000	2,000	6,000
Other	42,000	108,000	—	—	—
Right-of-use assets	1	—	—	—	—
Operating lease liability	1	—	—	—	—
Accrued preferred dividends to former CEO of OmniMetrix (see Note 3)	4,000	4,000	4,000	4,000	4,000

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro