ACORN ENERGY, INC. (ACFN) Form 10-Q — Aug 6, 2026
Acorn Energy reported Q2 2026 revenue of $2,489,000, down 29.4% from $3,525,000 a year earlier, with net income attributable to stockholders of $294,000 versus $720,000 in the prior-year quarter. For the first six months of 2026, revenue fell 28.8% to $4,716,000 and net income attributable to Acorn stockholders dropped 82% to $217,000, driven by a 53.5% collapse in hardware revenue against a period inflated by Material Contract sales and deferred-hardware amortization that is winding down. Offsetting the decline, recurring monitoring revenue grew 9.8% to $2,842,000 and gross margin expanded to 81.3% from 75.0%.
Key figures
- Eps
- 0.09 basic and diluted (six months); Q2 basic/diluted 0.12 vs 0.29/0.28 prior year
- Revenue
- 4716000
- Guidance
- Existing cash of $4,478,000 expected to be sufficient to fund planned operating expenses and capital requirements for at least the next 12 months; company expects continued decreases in the deferred revenue balance.
- Net Income
- 217000
- Revenue Yoy
- -28.8% (six months ended June 30, 2026); Q2 down 29.4%
- Cash Position
- 4478000
- Shares Outstanding
- 2509618
- Q2 revenue
- 2489000
- Q2 eps basic
- 0.12
- Total equity
- 8849000
- Working capital
- 3688000
- H1 gross margin pct
- 81.3
- H1 net income total
- 229000
- Valuation allowance
- 10326000
- Backlog june 30 2025
- 3669000
- Backlog june 30 2026
- 3236000
- Q2 net income attributable
- 294000
- Hardware revenue change pct
- -53.5%
- Aio revenue share initial pct
- 50% (reduced to 43% above $2.0M cumulative, 34% above $4.0M)
- Customer ar concentration pct
- 39
- Monitoring revenue change pct
- +9.8%
- H1 prior year gross margin pct
- 75
- Operating income change h1 pct
- -84%
- Champion assumed units per year
- 3000
- H1 prior year net income attributable
- 1184000
Price after filing
Close on the filing date to close N calendar days later (from $18.20). Historical, not a forecast.
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