Record Remote Monitoring and Control Revenue
Acorn Energy delivered record remote monitoring and control revenue, strong operating cash flow, and EPS of $0.28 in Q2 2025.
Significant Year-Over-Year Revenue Growth
Second quarter revenue increased by 55% year-over-year to $3.5 million, driven by an 89% increase in hardware sales and a 19% increase in monitoring revenue.
Improved Gross Margin and Operating Income
Gross margin expanded to 75% from 73% last year, and operating income increased by 267% to $947,000.
NASDAQ Uplisting
Acorn Energy uplisted to the NASDAQ Capital Market, enhancing visibility and positioning for future growth.
Strong Financial Position
Acorn Energy reported a quarter-end cash balance of $3.253 million, increased to $3.428 million by August 5, 2025, with no debt.
New Product Launches
Launched next-generation monitors, Omni and OmniPro, featuring advanced diagnostics, programming, and reporting capabilities.
High Customer Renewal Rates
Maintained over 90% customer renewal rates, highlighting strong customer loyalty and satisfaction.