Acorn Energy reports Q2 EPS 28c vs 11c last year

Reports Q2 revenue $3.525M vs $2.275M last year. Jan Loeb, Acorn’s CEO, said, “Our Q2 results reflect the strength of our technology and solutions as well as the operating leverage of our high-margin business model. Our business is fueled by hardware sales that create recurring revenue streams from annual monitoring contracts, 90% or more of which typically renew each year. Given the modest incremental investment required to scale our business, we expect approximately 50% of each incremental revenue dollar to drop to our operating income line for the foreseeable future.