ACORN ENERGY, INC. 1Q 2026: Revenue $2.23M, EPS $(0.03) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.ACORN ENERGY, INC. reported Q1 2026 results with revenue of $2.23M, down 28.1% from $3.1M in Q1 2025. The company experienced a net loss of $77K, or diluted EPS of $(0.03), compared to a net income of $464K and EPS of $0.19 a year earlier. The decline in revenue was primarily due to a 56% drop in hardware sales, although monitoring fees increased by 12%. The company is transitioning to new product lines and has entered a white-label agreement to enhance service offerings.
ACORN ENERGY, INC. reported first-quarter 2026 results with revenue of $2.23M, down from $3.1M a year earlier, and a net loss attributable to Acorn stockholders of $77K, or diluted EPS of $(0.03), compared with net income of $464K and EPS of $0.19 in Q1 2025.
Financial Highlights
- Revenue was $2.23M for Q1 2026, down from $3.10M in Q1 2025; YoY change (28.1%).
- Net income was a loss of $77K attributable to Acorn stockholders for Q1 2026, versus net income of $464K in Q1 2025 (swing to loss).
- Diluted EPS was $(0.03) for Q1 2026, compared with $0.19 in Q1 2025.
Business Highlights
- Revenue decline driven by a 56% drop in hardware sales while monitoring fees rose 12%, shifting the mix toward recurring revenue.
- Gross margin improved to 80% as higher-margin recurring monitoring connections increased, supporting a more service-led revenue profile.
- Company is transitioning to the OCOM-based Omni family (OmniPro and Omni residential) to replace legacy product lines and improve connectivity.
- Acorn entered an exclusive white-label agreement with AIO Systems effective Jan. 1, 2026 to add the MOM platform and expand integrated services offerings in North America.
- OmniMetrix backlog stood at $3.27M with $2.93M expected to convert to revenue within 12 months; deferred revenue is nearing final recognition.
Original SEC Filing: ACORN ENERGY, INC. [ ACFN ] - 10-Q - May. 07, 2026