WILMINGTON, DE — Acorn Energy, Inc. (Nasdaq: ACFN) reported higher revenue and operating income for 2025, driven largely by growth in recurring monitoring services, the company announced Thursday.
Total revenue for the year ended December 31, 2025 rose to $11,478,000 from $10,986,000 in 2024, a 4.5% increase. The growth was fueled by a 22% rise in monitoring revenue to $5,560,000, reflecting expansion in the company’s installed base of remote monitoring endpoints.
Net income attributable to Acorn stockholders totaled $2,510,000, or $0.99 per diluted share, compared with $6,294,000, or $2.51 per diluted share, in 2024. The prior-year results included a larger deferred income tax benefit that boosted earnings.
Fourth-quarter revenue declined to $2,377,000 from $3,529,000 in the same period a year earlier. The drop was primarily due to lower hardware sales following a large contract with a national cellphone provider that generated significant hardware revenue in late 2024.
Monitoring revenue increased 17% in the fourth quarter, partially offsetting the 59% decline in hardware revenue.
Gross profit rose to $8,815,000 in 2025, up from $7,999,000 in 2024, as gross margin improved to 76.8% from 72.8%. The company attributed the increase to the higher proportion of monitoring revenue and improved margins on next-generation products.
Operating income for the year totaled $1,989,000, compared with $1,937,000 in 2024.
Chief Executive Officer Jan Loeb said the company’s results reflected growth in recurring services tied to its remote monitoring technology.
“Acorn achieved record revenue from OmniMetrix, improved operating income and higher cash flow in 2025,” Loeb said. “Our performance benefited from a 22% increase in high-margin monitoring revenue, driven by continued growth of our installed base of remote monitoring endpoints.”
Loeb said hardware revenue comparisons were affected by the timing of a large telecommunications contract, with most hardware sales recorded in late 2024 and early 2025.
Acorn also announced a technology partnership with Israel-based AIO-systems that gives the company exclusive rights to market certain infrastructure management solutions in the United States, Canada, and Mexico. The agreement expands Acorn’s offerings for cell towers, data centers, and utility infrastructure.
The company expects to install a demonstration system for a major telecom provider by the end of March but does not anticipate meaningful revenue from the partnership until the second half of 2026.
Cash and restricted cash totaled $4,454,000 at the end of 2025, up from $2,326,000 at the end of 2024. The company generated $2,090,000 in cash from operating activities during the year.
Acorn’s business is largely conducted through its 99%-owned subsidiary OmniMetrix, which provides wireless remote monitoring and control systems for generators, pipelines, cell towers, data centers, and other infrastructure.
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