Overview

• Acorn Energy Q3 revenue falls 18.8% yr/yr due to reduced hardware sales

• Monitoring revenue grows 37.1% yr/yr, driving gross margin to 78.5%

• Company completes Nasdaq uplisting, enhancing financial visibility

Outlook

• Acorn targets 20% average top-line growth over the next three to five years

• Company expects 50% of incremental revenue to contribute to operating income

• Acorn sees IoT adoption and energy demand as long-term growth drivers

Result Drivers

• HARDWARE REVENUE DECLINE - Q3 hardware revenue decreased due to fulfillment of cellphone provider contract within 12 months, leading to no sales from this contract in Q3'25

• MONITORING REVENUE GROWTH - Monitoring revenue rose 37.1% in Q3’25, driven by expansion of installed base of remote monitoring endpoints

• RESIDENTIAL DEPLOYMENT SLOWDOWN - Slowdown in residential deployments due to high interest rates and economic uncertainty

Key Details

Press Release: ID:nGNX6zxLM1

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)