Acorn Energy, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 08:19 am EDT
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Acorn Energy, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 1.97 million compared to USD 1.62 million a year ago. Net income was USD 0.096 million compared to net loss of USD 0.223 million a year ago.
For the six months, sales was USD 3.72 million compared to USD 3.37 million a year ago. Net income was USD 0.011 million compared to net loss of USD 0.346 million a year ago.
Acorn Energy, Inc. is a holding company. The Company is focused on providing technology solutions for energy infrastructure asset management. The Company provides products and Internet of Things (IoT) applications and services through its OmniMetrix, LLC (OmniMetrix) subsidiary: Power Generation (PG) and Cathodic Protection (CP). The Power Generation segment services provide wireless remote monitoring and control systems and IoT applications for residential and commercial/industrial power generation equipment. The PG segment includes its AIRGuard product, which remotely monitors and controls industrial air compressors, and its Smart Annunciator product. The Cathodic Protection segment provides remote monitoring and control products for cathodic protection systems on oil and gas pipelines serving the gas utilities market and pipeline operators. The Companyâs Cathodic Protection product lineup includes solutions to remotely monitor and control rectifiers, test stations and bonds.
ACORN ENERGY, INC. 
