Acorn Energy Inc
OTC:ACFN
Acorn Energy Inc
Acorn Energy, Inc. is a holding company, which engages in the provision of technology driven solutions for energy infrastructure asset management. The company is headquartered in Wilmington, Delaware and currently employs 25 full-time employees. The firm provide products and Internet of Things (IoT) applications and services, through its subsidiary OmniMetrix, LLC (OmniMetrix): Power Generation (PG) and Cathodic Protection (CP). The Power Generation segment provide wireless remote monitoring and control systems and Industrial Internet of things (IIoT) applications for residential and commercial/industrial power generation equipment. PG segments include its AIRGuard product, which remotely monitors and controls industrial air compressors, and Smart Annunciator product. The CP segment provides remote monitoring and control products for cathodic protection systems on gas pipelines serving the gas utilities market and pipeline operators. CP product lineup includes solutions to remotely monitor and control rectifiers, test stations and bonds, and offers a data management platform with OmniPRO.
Acorn Energy, Inc. is a holding company, which engages in the provision of technology driven solutions for energy infrastructure asset management. The company is headquartered in Wilmington, Delaware and currently employs 25 full-time employees. The firm provide products and Internet of Things (IoT) applications and services, through its subsidiary OmniMetrix, LLC (OmniMetrix): Power Generation (PG) and Cathodic Protection (CP). The Power Generation segment provide wireless remote monitoring and control systems and Industrial Internet of things (IIoT) applications for residential and commercial/industrial power generation equipment. PG segments include its AIRGuard product, which remotely monitors and controls industrial air compressors, and Smart Annunciator product. The CP segment provides remote monitoring and control products for cathodic protection systems on gas pipelines serving the gas utilities market and pipeline operators. CP product lineup includes solutions to remotely monitor and control rectifiers, test stations and bonds, and offers a data management platform with OmniPRO.
Revenue Decline: Q3 2025 revenue dropped significantly compared to Q3 2024, mainly because of timing issues with a large cell phone provider contract and weaker residential hardware sales.
Recurring Revenue Strength: Monitoring revenue hit a record $1.56 million in Q3 2025, up $422,000 year-over-year, showing strong, sustainable growth in high-margin recurring revenue.
Gross Margin Expansion: Gross margin improved to 78.5% from 71.7%, driven by a higher proportion of monitoring revenue.
Net Income Drop: Q3 net income fell to $252,000 from $725,000 a year ago, primarily because of lower hardware revenue and increased operating expenses.
Product Pipeline: The company launched next-generation monitors for both residential and commercial markets and is beta-testing a new product in pipeline corrosion protection.
Growth Outlook: Management reiterated its target for 20% average annual revenue growth over the next 3-5 years, supported by secular trends and several growth initiatives.
Contract Timing: Final deliveries under the large contract were shifted out of Q3, with additional purchase orders possible but timing uncertain.
