ACFN earnings analysis
What we found in ACFN's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Acorn Energy reported a significant decline in Q1 2026, with revenues of $2.227M, dropping 28.1% year-over-year from $3.098M in Q1 2025. Despite increased gross margins at 80.2%, the company posted a net loss of $77,000 compared to a net income of $464,000 in the prior year. Management expects limited near-term revenue contribution from a strategic partnership effective January 1, 2026 with AIO Systems.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline
- Total revenue for Q1 2026 was $2.227M, down 28.1% from $3.098M in Q1 2025.
- Gross Margin Improvement
- Gross margin increased to 80.2% in Q1 2026 from 75.1% in Q1 2025.
- Backlog Information
- OmniMetrix backlog as of March 31, 2026, was $3.269M, down from $3.955M at the same time last year.
- R&D Expense Reduction
- R&D expenses decreased to $255,000 in Q1 2026 from $291,000 in Q1 2025.
- Cash Position
- As of March 31, 2026, Acorn had cash reserves of $4.257M and working capital of $3.115M.
- Operating Loss
- Acorn incurred an operating loss of $129,000 in Q1 2026 versus an operating income of $604,000 in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Significant Revenue Decline
- Hardware revenue dropped 55.7%, contributing to the overall revenue decrease.
- Customer Concentration Risk
- 42% of accounts receivable remains concentrated with a single customer, raising risks of cash flow disruptions.
- Internal Control Weaknesses
- Management continues to report material weaknesses in internal controls that could affect financial reporting.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.01
- Gross margin
- 80.2%
- Operating margin
- -5.8%
- Segment
- Power Generation
- Segment
- Cathodic Protection
What they said about what is next.
Management expects limited near-term revenue contribution from the AIO Systems partnership as integration and expansion efforts progress.
The filing reads worse than the one before it.
What came before.
- 10-K · March 5, 2026
- Acorn Energy’s 2025 results were driven entirely by its OmniMetrix subsidiary, with OmniMetrix revenue rising to $11,478,000 in 2025 from $10,986,000 in 2024 and gross margin expanding from 73% to 77%. Management…
- 10-Q · November 6, 2025
- Acorn Energy reported revenue of $2,478,000 and diluted EPS of $0.10 for Q3 2025. Revenue and operating income declined versus the prior-year quarter (revenue down $572,000 YoY; operating income down $597,000 YoY) while…
- 10-Q · August 7, 2025
- Acorn Energy reported strong quarter-to-quarter growth: Q2 revenue was $3,525,000 (vs. $2,275,000 in Q2 2024) with gross margin of 74.9% and operating margin of 26.9%, producing diluted EPS of $0.28. Cash increased to…
- 10-Q · May 8, 2025
- Acorn Energy reported Q1 2025 revenue of $3.098M, up sharply vs. Q1 2024 ($2.132M), with gross margin of 75.1% and operating income of $604k. The company generated positive operating cash flow ($271k) and implied free…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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