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ACFN Acorn Energy

Acorn Energy, Inc. is a holding company, which engages in the provision of technology driven solutions for energy infrastructure asset management. It operates through the Power Generation (PG) and Cathodic Protection (CP) segment. The PG segment offers wireless remote monitoring and control systems and services for critical assets as well as internet of things applications. The CP segment includes remote monitoring of cathodic protection systems on gas pipelines for gas utilities and pipeline companies. The company was founded by George Morgenstern in 1986 and is headquartered in Wilmington, DE.

Company profile

Ticker
ACFN
Exchange
CEO
Jan Herman Loeb
Employees
Incorporated
Location
Fiscal year end
Former names
ACORN FACTOR, INC., DATA SYSTEMS & SOFTWARE INC
SEC CIK
IRS number
222786081

ACFN stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 May 21
24 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.97M 1.97M 1.97M 1.97M 1.97M 1.97M
Cash burn (monthly) 29.67K (positive/no burn) (positive/no burn) 833.33 (positive/no burn) (positive/no burn)
Cash used (since last report) 82.66K n/a n/a 2.32K n/a n/a
Cash remaining 1.89M n/a n/a 1.97M n/a n/a
Runway (months of cash) 63.8 n/a n/a 2366.0 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 May 21 Clifford Tracy Simmons stock options common stock Grant Aquire A No No 0.62 100,000 62K 100,000
2 Feb 21 Loeb Jan H stock options common stock Grant Aquire A No No 0.48 35,000 16.8K 35,000
1 Jan 21 Samuel M Zentman stock options common stock Grant Aquire A No No 0.37 10,000 3.7K 10,000
1 Jan 21 Gary Mohr stock options common stock Grant Aquire A No No 0.37 10,000 3.7K 10,000
1 Jan 21 Michael Osterer stock options common stock Grant Aquire A No No 0.37 10,000 3.7K 10,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 2 EXIT
Opened positions 0 0
Closed positions 2 0 NEW
Increased positions 0 0
Reduced positions 0 1 EXIT
13F shares
Current Prev Q Change
Total value 0 4K EXIT
Total shares 0 10K EXIT
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change
Captrust Financial Advisors 0 -10K EXIT
Huntington National Bank 0 -1 EXIT

Financial report summary

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Competition
Caterpillar
Management Discussion
  • *result is less than 1%. 
  • Revenue. Revenue increased by approximately $367,000, or 27%, from approximately $1,338,000 in the first quarter of 2020 to approximately $1,705,000 in the first quarter of 2021. OmniMetrix’s increased revenue during the quarter was primarily attributable to increased hardware and accessories sales, which increased approximately $254,000, or 57%, from approximately $443,000 in the first quarter of 2020 to approximately $697,000 in the first quarter of 2021. The increase in hardware revenue was due to an increase in the sale of custom TG Pro units that are designed to large customer specifications and monitored by the customer and thus the revenue is not deferred, an increase in the sale of unit accessories for which the revenue is not deferred, and an increase in Hero-2 revenue from units sold. Monitoring revenue increased by approximately $113,000, or 13%, from approximately $895,000 in the first quarter of 2020 to approximately $1,008,000 in the first quarter of 2021. The increase in monitoring revenue is due to an increase in the number of installed billable connections.
  • As discussed above, OmniMetrix has two reportable segments, PG and CP. Of the approximately $1,705,000 in revenue recognized in the three months ended March 31, 2021, approximately $1,458,000 was generated by PG activities and approximately $247,000 was generated by CP activities. This represents an increase in revenue from PG activities of approximately $349,000, or 31%, from approximately $1,109,000 in the three months ended March 31, 2020, and an increase in revenue from CP activities of approximately $18,000, or 8%, from approximately $229,000 in the three months ended March 31, 2020.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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