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Acorn Hosts Annual Meeting in New York City Wednesday, September 17th at 1pm ET; Meeting Also Accessible via Zoom
Globenewswire· 2025-09-10 12:27
Company Overview - Acorn Energy, Inc. is a provider of remote monitoring and control solutions for backup power generators, gas pipelines, and other mission-critical infrastructure assets [1] - The company owns a 99% equity stake in OmniMetrix, which specializes in IoT wireless remote monitoring and control solutions for various industrial equipment [5] Annual Meeting Details - The 2025 Annual Meeting of Stockholders will take place on September 17, 2025, at 1:00 p.m. ET in New York City and will also be accessible online via Zoom [1] - Investors must register in advance to attend the meeting, either in person or via Zoom, by contacting Acorn's investor relations team [2] Meeting Logistics - The meeting will be held at the Chrysler Building, 405 Lexington Ave., 9th Floor, Spaces Conference Center, with entry restricted to registered investors [3] - A Zoom link for the meeting is provided, and registered participants will be admitted from the waiting room just prior to the meeting's start [4] OmniMetrix Services - OmniMetrix serves tens of thousands of commercial and residential customers, including over 25 Fortune/Global 500 companies, providing support for critical infrastructure such as cell towers, manufacturing plants, and medical facilities [5] - The company's solutions enhance the reliability of critical systems and enable automated "demand response" electric grid support through enrolled backup generators [6]
Acorn, Provider of Remote Monitoring and Control Solutions for Backup Power Generators, Hosts Q2 Earnings Call on Thur. August 7th at 11am ET
Globenewswire· 2025-07-30 11:59
Company Overview - Acorn Energy, Inc. is a provider of remote monitoring and control solutions for backup power generators, gas pipelines, and other industrial equipment [1] - The company owns a 99% equity stake in OmniMetrix, which specializes in wireless remote monitoring and control solutions [3] Upcoming Financial Results - Acorn Energy will report its second quarter results before the market opens on August 7, 2025 [1] - An investor call will be hosted at 11:00 a.m. ET on the same day [1][3] Leadership and Investor Engagement - Jan Loeb, President & CEO, and Tracy Clifford, CFO & COO of OmniMetrix, will address investor questions following their prepared remarks [2] - Investors are encouraged to participate in the call [2] Customer Base and Market Reach - OmniMetrix serves tens of thousands of commercial and residential customers, including over 25 Fortune/Global 500 companies [3] - The company supports various sectors such as cell towers, manufacturing plants, medical facilities, data centers, retail stores, public transportation systems, energy distribution, and government facilities [3] Product Offerings - OmniMetrix provides cost-effective solutions that enhance the reliability of critical systems [4] - The solutions also enable automated "demand response" electric grid support through enrolled backup generators [4]
Remote Monitoring and Control Provider Acorn Approved for Listing on Nasdaq Capital Market
Globenewswire· 2025-07-23 11:59
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]