Quarterly ResultMay 7, 2026, 08:02 AM
Acorn Energy Q1 Revenue $2.227M (-28.1%); Net Loss $(77K); Gross Margin 80.2%
AI Summary
Acorn Energy reported Q1'26 results with total revenue decreasing 28.1% to $2.227 million, primarily due to a significant drop in hardware revenue from a material cellphone provider contract. Despite this, monitoring revenue grew 11.7% to $1.417 million, and gross margin improved to 80.2% due to a higher proportion of high-margin monitoring revenue. The company posted a net loss of $(77K) or $(0.03) per share, compared to net income of $464K in the prior year, while advancing its new Infrastructure Solutions segment through a technology partnership with AIO Systems.
Key Highlights
- Total revenue decreased 28.1% to $2.227M in Q1'26 from $3.098M in Q1'25.
- Monitoring revenue increased 11.7% to $1.417M in Q1'26.
- Hardware revenue decreased 55.7% to $810K in Q1'26.
- Gross margin improved to 80.2% in Q1'26 from 75.1% in Q1'25.
- Net loss attributable to stockholders was $(77K), or $(0.03) per share, in Q1'26.
- Operating expenses increased 11.2% to $1.914M in Q1'26.
- Generated $53K cash from operating activities in Q1'26.
- Invested $250K for exclusive distribution rights under the AIO Systems partnership.