WILMINGTON, DE — Acorn Energy, Inc. (OTCQB: ACFN), a provider of remote monitoring and control solutions, will present at the Planet MicroCap Showcase on Wednesday, April 23rd. The presentation, led by CEO Jan Loeb, is scheduled for 11:00 am PT / 2:00 pm ET on track 3. The in-person event will take place at the Paris Las Vegas hotel, where Mr. Loeb will also meet with investors at booth #207.
The opportunity to showcase its recent achievements comes off the back of a successful 2024 for Acorn Energy. The company reported $10.99 million in revenue for the year, reflecting increased demand from a significant contract with a leading U.S. cell phone provider. The approximately $5 million agreement covers equipment and remote monitoring services for thousands of backup generators supporting cell towers nationwide. Revenue from the contract contributed $1.66 million in 2024, with deployments expected to accelerate over the coming quarters.
Notably, Acorn achieved a net income to shareholders of $6.3 million for 2024, equivalent to $2.51 per share, buoyed by a $4.4 million deferred income tax benefit representing $1.77 per share. The company reported these strong results based on 2.5 million diluted shares outstanding.
The presentation at Planet MicroCap provides Acorn Energy an excellent platform to engage with investors and update stakeholders on its progress, opportunities, and long-term plans. The partnership with a major cell phone provider underscores the company’s ability to deliver critical technology solutions for large-scale infrastructure.
With accelerating deployments and a strong financial position, Acorn Energy continues to position itself as a leader in remote monitoring technology across industries.
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