Remote Monitoring and Control Provider Acorn’s Q1’25 EPS Rose to $0.19 vs. $0.03 on 45% Higher Revenue; Investor Call Today at 11am ET

Core Viewpoint - Acorn Energy, Inc. reported strong financial results for Q1 2025, with significant revenue growth driven by hardware sales and a large contract for monitoring services, indicating a positive outlook for future growth in the remote monitoring and backup power generation market [1][2][3]. Financial Performance - Total revenue for Q1 2025 was $3,098,000, a 45.3% increase from$ 2,132,000 in Q1 2024, driven by a 77.6% increase in hardware revenue and a 15.2% increase in monitoring revenue [2][9]. - Gross profit rose to $2,326,000, reflecting a gross margin of 75.1%, slightly up from 74.6% in the previous year [10]. - Net income attributable to stockholders increased to$ 464,000, or $0.19 per diluted share, compared to$ 65,000, or $0.03 per diluted share, in Q1 2024, marking a 613.8% increase [12]. Operational Highlights - The revenue growth was significantly supported by a contract to provide monitoring equipment for 5,000 to 10,000 cell tower backup generators, contributing$ 945,000 in revenue for Q1 2025 [3][9]. - The company is focused on achieving long-term revenue growth of 20% or more, targeting larger commercial and industrial customers while also expanding in the residential market through a network of approximately 600 generator dealers [5][6]. Market Outlook - The demand for backup power generation and remote monitoring solutions is expected to grow due to factors such as severe weather incidents, aging grid infrastructure, and rising energy demands from technologies like cloud computing and AI [6][7]. - Acorn Energy aims to enhance its offerings through strategic partnerships with original equipment manufacturers and is actively pursuing M&A opportunities that align with its business model [5][6]. Liquidity and Cash Flow - The company's cash position improved to $2,591,000 at the end of Q1 2025, up from$ 2,326,000 at year-end 2024, with net working capital increasing to $4,809,000 [13][21]. - Acorn generated$ 271,000 in cash from operating activities during Q1 2025, indicating positive cash flow management [13][21]. Corporate Developments - Acorn has initiated discussions with Nasdaq regarding its intention to apply for listing on the Nasdaq Capital Market, believing it meets all necessary requirements [8].