Acorn Energy, Inc. income statement
In fiscal 2025, Acorn Energy, Inc. reported revenue of $11.5m, up 4.5% on the year before, operating income of $2.0m (a 17.3% margin) and net income of $2.5m, or $0.99 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 14 | 18 | 18 | 20 | 20 | 17 | 9 | 4 | 5 | 5 | 6 | 7 | 7 | 8 | 11 | 11 | 10 |
| Cost of revenue | 5 | 8 | 12 | 14 | 13 | 13 | 10 | 5 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 2 |
| Gross profit | 4 | 6 | 7 | 5 | 8 | 7 | 6 | 4 | 2 | 3 | 4 | 4 | 5 | 5 | 6 | 8 | 9 | 8 |
| Research and development | 0 | 1 | 3 | 7 | 4 | 3 | — | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Selling, general and administrative | 6 | 10 | 12 | 19 | 16 | 12 | 10 | 6 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 6 | 6 |
| Operating income | −2 | −7 | −8 | −21 | −21 | −10 | −5 | −3 | −2 | −1 | −1 | −0 | −0 | −1 | 0 | 2 | 2 | 1 |
| Interest expense | — | −0 | −0 | −0 | −0 | — | — | — | 0 | 0 | — | 0 | 0 | — | — | — | — | — |
| Net interest income | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | −0 | 0 | — |
| Income before tax | −1 | −7 | −8 | −21 | −21 | −10 | −5 | −0 | −2 | −1 | −1 | 0 | −0 | −1 | 0 | 2 | 2 | 1 |
| Income tax | 1 | 1 | −13 | −3 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | 0 | −4 | −0 | −1 |
| Net income | −6 | −25 | 35 | −17 | −30 | −27 | −11 | 0 | −1 | −2 | −1 | 0 | −0 | −1 | 0 | 6 | 3 | 2 |
| Diluted EPS | — | −$1.68 | $1.99 | −$0.93 | −$1.57 | −$19.04 | −$0.40 | $0.01 | −$0.04 | −$1.12 | −$0.32 | $0.00 | $0.00 | −$0.25 | $0.05 | $2.51 | $0.99 | $0.61 |
| Diluted shares (average) | 11m | 15m | 18m | 18m | 19m | 23m | 27m | 29m | 29m | 30m | 35m | 40m | 40m | 2m | 3m | 3m | 3m | 3m |
| EBITDA | −2 | −6 | −7 | −19 | −20 | −10 | −5 | −3 | −2 | −1 | −1 | −0 | 0 | −1 | 0 | 2 | 2 | 1 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,050 | 3,529 | 3,098 | 3,525 | 2,478 | 2,377 | 2,227 | 2,489 |
| Cost of revenue | 863 | 973 | 772 | 886 | 533 | 472 | 442 | 439 |
| Gross profit | 2,187 | 2,556 | 2,326 | 2,639 | 1,945 | 1,905 | 1,785 | 2,050 |
| Research and development | 234 | 314 | 291 | 265 | 267 | 271 | 255 | 239 |
| Selling, general and administrative | 1,197 | 1,397 | 1,431 | 1,427 | 1,519 | 1,355 | 1,659 | 1,436 |
| Operating income | 756 | 845 | 604 | 947 | 159 | 279 | −129 | 375 |
| Net interest income | 20 | 20 | 24 | 27 | 34 | 36 | 31 | 32 |
| Provision for credit losses | 0 | 1 | — | — | — | — | 1 | −2 |
| Income before tax | 776 | 865 | 628 | 974 | 193 | 315 | −98 | 407 |
| Income tax | 42 | −4,378 | 154 | 242 | −65 | −765 | −25 | 105 |
| Net income | 725 | 5,233 | 464 | 720 | 252 | 1,074 | −77 | 294 |
| Diluted EPS | $0.29 | $2.09 | $0.19 | $0.28 | $0.10 | $0.42 | −$0.03 | $0.12 |
| EBITDA | 789 | 875 | 634 | 973 | 188 | 309 | −99 | 417 |
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