ACORN ENERGY, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.5M | $11.0M | $8.1M | $7.0M | $6.8M | $5.9M | $5.5M | $5.1M |
| Cost of Revenue | $2.7M | $3.0M | $2.1M | $1.9M | $1.9M | $1.8M | $1.9M | $2.0M |
| Gross Profit | $8.8M | $8.0M | $6.0M | $5.1M | $4.9M | $4.1M | $3.6M | $3.1M |
| Gross Margin | 76.8% | 72.8% | 74.5% | 72.4% | 72.3% | 69.8% | 65.4% | 61.4% |
| Operating Expenses | ||||||||
| Research & Development | $1.1M | $1.0M | $875.0K | $845.0K | $739.0K | $619.0K | $559.0K | $542.0K |
| SG&A Expense | $5.7M | $5.1M | $5.1M | $4.8M | $4.2M | $3.8M | $3.7M | $4.0M |
| Operating Income | $2.0M | $1.9M | $74.0K | $-629.0K | $-8.0K | $-310.0K | $-699.0K | $-1.4M |
| Operating Margin | 17.3% | 17.6% | 0.9% | -9.0% | -0.1% | -5.2% | -12.7% | -27.6% |
| Interest Expense | — | — | — | — | $1.0K | $28.0K | — | $21.0K |
| Pretax Income | $2.1M | $2.0M | $138.0K | $-631.0K | $-13.0K | $76.0K | $-697.0K | $-1.5M |
| Income Tax Expense | $-434.0K | $-4.3M | $9.0K | — | — | — | — | — |
| Net Income | $2.5M | $6.3M | $119.0K | $-633.0K | $-21.0K | $69.0K | $-618.0K | $-2.0M |
| Net Margin | 21.9% | 57.3% | 1.5% | -9.0% | -0.3% | 1.2% | -11.3% | -39.3% |
| EPS (Basic) | $1.01 | $2.53 | $0.05 | $-0.25 | $0.00 | $0.00 | $-0.02 | $-0.07 |
| EPS (Diluted) | $0.99 | $2.51 | $0.05 | $-0.25 | $0.00 | $0.00 | $-0.02 | $-0.07 |
| Shares Outstanding (Basic) | 2.5M | 2.5M | 2.5M | 2.5M | 39.7M | 39.7M | 35.5M | 29.5M |
| Shares Outstanding (Diluted) | 2.5M | 2.5M | 2.5M | 2.5M | 39.7M | 39.7M | 35.5M | 29.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |