ACORN ENERGY, INC. ACFN
Energy, Inc. and its subsidiaries, OMX Holdings, Inc. and OmniMetrix, LLC (collectively, "Acorn" or "the Company")
is a Delaware corporation which is a holding company focused on technology-driven solutions for energy infrastructure asset management.
We provide the following products and Internet of Things ("IoT") applications and services through our OmniMetrix, LLC ("OmniMetrix")
Generation ("PG"). OmniMetrix's PG services provide wireless remote monitoring and control systems and IoT
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.5M | $11.0M | $8.1M | $7.0M | $6.8M | $5.9M | $5.5M | $5.1M | $4.3M | $8.7M |
| Cost of revenue | $2.7M | $3.0M | $2.1M | $1.9M | $1.9M | $1.8M | $1.9M | $2.0M | $1.9M | $5.1M |
| Gross profit | $8.8M | $8.0M | $6.0M | $5.1M | $4.9M | $4.1M | $3.6M | $3.1M | $2.4M | $3.5M |
| R&D | $1.1M | $1.0M | $875.0K | $845.0K | $739.0K | $619.0K | $559.0K | $542.0K | $518.0K | $927.0K |
| SG&A | $5.7M | $5.0M | $5.1M | $4.8M | $4.2M | $3.8M | $3.7M | $4.0M | $3.8M | $5.7M |
| Total operating expenses | $6.8M | $6.1M | $5.9M | $5.7M | $4.9M | $4.4M | $4.3M | $4.5M | $4.4M | $6.6M |
| Operating income | $2.0M | $1.9M | $74.0K | -$629.0K | -$8.0K | -$310.0K | -$699.0K | -$1.4M | -$1.9M | -$3.1M |
| Interest expense | $121.0K | $73.0K | $64.0K | — | $1.0K | $28.0K | — | $21.0K | $107.0K | — |
| Pre-tax income | $2.1M | $2.0M | $138.0K | -$631.0K | -$13.0K | $76.0K | -$697.0K | -$1.5M | -$2.1M | -$82.0K |
| Income tax | $434.0K | $4.3M | $9.0K | — | — | — | — | — | $41.0K | $19.0K |
| Net income | $2.5M | $6.3M | $119.0K | -$633.0K | -$21.0K | $69.0K | -$618.0K | -$2.0M | -$1.2M | $145.0K |
| EPS, basic | 1.01 | 2.53 | 0.05 | -0.25 | 0.00 | — | — | — | — | — |
| EPS, diluted | 0.99 | 2.51 | 0.05 | -0.25 | 0.00 | 0.00 | -0.02 | -0.07 | -0.04 | 0.01 |
| Shares, diluted (wtd. avg.) | $2.5M | $2.5M | $2.5M | $2.5M | $39.7K | $39.7M | $35.5M | $29.5M | $29.4M | $28.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.5M | $2.3M | $1.4M | $1.4M | $1.7M | $2.1M | $1.2M | $973.0K | $481.0K | $241.0K |
| Receivables | $887.0K | $1.9M | $536.0K | $597.0K | $876.0K | $608.0K | $962.0K | $665.0K | $1.1M | $1.0M |
| Inventory | $1.3M | $436.0K | $962.0K | $789.0K | $617.0K | $236.0K | $291.0K | $261.0K | $229.0K | $202.0K |
| Total current assets | $7.0M | $5.4M | $4.0M | $4.0M | $4.2M | $3.8M | $3.4M | $3.1M | $8.7M | $8.7M |
| Property, plant and equipment | $400.0K | $505.0K | $570.0K | $653.0K | $517.0K | $268.0K | $189.0K | $73.0K | $139.0K | $214.0K |
| Total assets | $13.3M | $10.6M | $5.4M | $6.0M | $6.0M | $5.2M | $5.0M | $3.9M | $9.2M | $9.2M |
| Accounts payable | $306.0K | $297.0K | $288.0K | $243.0K | $457.0K | $229.0K | $197.0K | $246.0K | $489.0K | $708.0K |
| Short-term debt | — | — | — | — | — | $149.0K | $136.0K | — | $313.0K | $376.0K |
| Total current liabilities | $3.8M | $4.3M | $4.6M | $4.6M | $4.3M | $3.9M | $3.6M | $3.8M | $7.5M | $5.2M |
| Total liabilities | $5.0M | $5.0M | $6.3M | $7.0M | — | — | — | — | — | — |
| Retained earnings | -$92.3M | -$94.9M | -$101.1M | -$101.3M | -$100.6M | -$100.6M | -$100.7M | -$100.1M | -$98.2M | -$97.0M |
| Total equity | $8.2M | $5.5M | -$826.0K | -$1.0M | -$461.0K | -$519.0K | -$645.0K | -$1.2M | $752.0K | $1.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.1M | $905.0K | $72.0K | $31.0K | $132.0K | $464.0K | -$1.2M | -$2.4M | -$1.7M | -$4.5M |
| Depreciation and amortisation | — | $121.0K | $161.0K | $122.0K | $75.0K | $22.0K | $56.0K | $66.0K | $75.0K | $146.0K |
| Stock-based compensation | $129.0K | $56.0K | $55.0K | $80.0K | $75.0K | $35.0K | $22.0K | $26.0K | $22.0K | $89.0K |
| Capital expenditure | — | — | — | — | — | — | — | — | — | $33.0K |
| Investing cash flow | -$33.0K | -$56.0K | -$78.0K | -$308.0K | -$324.0K | -$101.0K | -$1.1M | $5.3M | $679.0K | $5.1M |
| Financing cash flow | $71.0K | $28.0K | $5.0K | $5.0K | -$149.0K | $453.0K | $2.3M | -$2.1M | $1.2M | -$484.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-008937.
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