Acorn Energy announces Q3 earnings per share of 10 cents, down from 29 cents a year ago.
Q3 Revenue Decline: Acorn reported Q3 revenue of $2.478M, down from $3.050M the previous year, primarily due to a lack of hardware sales from a cellphone provider contract.
Impact of Hardware Rollout: The expected two-year hardware rollout was completed in 12 months, leading to decreased hardware revenue and a reduction in amortization of deferred revenue compared to the previous year.
Future Revenue Expectations: All deferred hardware revenue is expected to be fully amortized by August 2026, as no new deferred revenue has been recorded since September 2023.
Market Challenges: A slowdown in residential deployments in 2025 is attributed to high interest rates, fewer weather events, and economic uncertainty affecting consumer decisions.
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Thursday's Underperforming Sectors: Textiles, Electronics, and Related Products
Market Performance: Electronic equipment and products shares are down approximately 3.3%, with Acorn Energy and American Superconductor experiencing significant declines of 35.5% and 31.8%, respectively.
Sector Laggards: The textiles and electronic equipment & products sectors are identified as laggards in the market on Thursday.
Video Content: A video segment highlights the sector laggards, focusing on textiles and electronic equipment & products.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
Acorn to Hold Q3 Earnings Call on Thursday, November 6th at 11 AM ET, Focused on Monitoring and Control Solutions for Power Generators
Earnings Report Announcement: Acorn Energy, Inc. will release its third quarter and year-to-date financial results on November 6, 2025, before the market opens, followed by a conference call at 11:00 a.m. ET.
Conference Call Details: The call will feature Jan Loeb, President & CEO, and Tracy Clifford, CFO & COO of OmniMetrix, who will address investor questions after their prepared remarks.
Company Overview: Acorn Energy owns a 99% stake in OmniMetrix, which specializes in wireless remote monitoring and control solutions for various industrial applications, serving numerous commercial and residential clients, including Fortune 500 companies.
Engagement and Contact Information: Investors can engage with Acorn Energy through social media and can submit questions via email. Contact details for investor relations are also provided.
