Quarterly ResultAug 6, 2026, 08:33 AM
Acorn Energy Q2 Net Income $294K, Revenue $2.49M
AI Summary
Acorn Energy reported a significant decline in financial performance for Q2 2026 and the first half of 2026 compared to the prior year. Q2 revenue decreased by 29.4% to $2.49 million, and net income attributable to stockholders fell by 59.2% to $294,000. For the six months ended June 30, 2026, revenue dropped by 28.8% to $4.72 million, and net income attributable to stockholders decreased by 81.7% to $217,000. The company also entered into a Technology Partnership Agreement with AIO Systems Ltd., acquiring exclusive distribution rights for $250,000.
Key Highlights
- Q2 2026 revenue decreased 29.4% to $2.49 million from $3.53 million in Q2 2025.
- Q2 2026 net income attributable to stockholders fell 59.2% to $294,000 from $720,000 in Q2 2025.
- H1 2026 revenue decreased 28.8% to $4.72 million from $6.62 million in H1 2025.
- H1 2026 net income attributable to stockholders dropped 81.7% to $217,000 from $1.18 million in H1 2025.
- Cash position at June 30, 2026, was $4.48 million, a slight increase from $4.45 million at Dec 31, 2025.
- Net cash provided by operating activities for H1 2026 was $277,000, down from $900,000 in H1 2025.
- Entered Technology Partnership Agreement with AIO Systems Ltd. for exclusive distribution rights, involving a $250,000 payment.
- Working capital stood at $3.69 million as of June 30, 2026.
Price Impact
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