Remote Monitoring and Control Provider Acorn Approved for Listing on Nasdaq Capital Market

Core Viewpoint - Acorn Energy, Inc. has received approval for its common stock to be listed on the Nasdaq Capital Market, with trading expected to commence on July 24, 2025, under the unchanged ticker symbol ACFN, aiming to enhance visibility, liquidity, and investor access [1] Group 1: Company Overview - Acorn Energy specializes in remote monitoring and control solutions for backup power generators, gas pipelines, and air compressors [1] - The company holds a 99% equity stake in OmniMetrix, a leader in IoT wireless remote monitoring solutions, serving tens of thousands of customers, including over 25 Fortune/Global 500 companies [4] Group 2: Financial Performance - As of March 31, 2025, Acorn had 2,491,130 common shares outstanding, $2.6 million in cash, and no debt [3] - For Q1 2025, Acorn reported revenue of $3.1 million and net income of $464,000, equating to $0.19 per diluted share [3] Group 3: Growth Prospects - The company anticipates an average annual revenue growth rate of 20% or more over the next three to five years, with approximately 50% of each incremental revenue dollar contributing to operating profit [3] - Acorn expects to exceed its 20% growth target in 2025, believing that the Nasdaq listing will support continued growth and shareholder value [3]