Acorn Energy Q2 net income jumps 166%
Overview
Acorn Energy Q2'25 revenue rises 55% yr/yr, driven by hardware sales growth
Net income to stockholders up 166% yr/yr, reflecting high-margin business model
Company uplisted to Nasdaq Capital Market, enhancing visibility and investor base
Outlook
Acorn expects to complete hardware deliveries by end of 2025
Company anticipates scaling remote monitoring with generator deployment growth
Acorn exploring strategic relationships and M&A opportunities
Company sees demand driven by aging grid and extreme weather
Result Drivers
MATERIAL CONTRACT - Significant revenue from monitoring equipment sales for cell tower backup generators, contributing $1.4M in Q2'25
HARDWARE SALES - 89% increase in hardware revenue, driven by Material Contract
MONITORING REVENUE - Growth in monitored units boosts monitoring revenue by 19%
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS | $0.28 | ||
Q2 Gross Margin | 74.9% | ||
Q2 Gross Profit | $2.64 mln |
Press Release:
