ACFN Profile
Acorn
Energy, Inc. (ACFN) is a holding company that invests in and operates
technology businesses. The company's subsidiaries are focused on
providing secure and reliable solutions for energy infrastructure,
IoT, and cyber security.
Acorn Energy reported revenues of $1.9
million for the third quarter of 2021, compared to $1.5 million in the
same period in the previous year. The company also reported a net loss
of $0.9 million for the quarter, which was narrower than the net loss
of $1.3 million in the same period in the previous year.
Acorn
Energy's subssidiaries include OmniMetrix, which provides remote
monitoring and control solutions for critical equipment and
infrastructure, and DSIT, which provides sonar and acoustic systems
for underwater security and surveillance. The company also has
investments in other technology businesses, including GridSense, a
provider of advanced monitoring solutions for the electric power
industry.
Acorn Energy has been focused on growing its
subsidiaries and investing in new technologies to expand its offerings
in the energy infrastructure and cyber security markets. The company
has stated that it believes these markets offer significant growth
opportunities due to the increasing demand for secure and reliable
solutions.
However, the company's financial performance has
been affected by various factors, including the ongoing COVID-19
pandemic, which has disrupted supply chains and caused uncertainty in
the global economy. In addition, the energy industry is subject to
regulatory changes and fluctuations in commodity prices, which may
affect Acorn Energy's operations and financial results.
Overall, Acorn Energy, Inc. is a holding company with investments in
technology businesses focused on energy infrastructure, IoT, and cyber
security. The company has been focused on growing its subsidiaries and
investing in new technologies to expand its offerings in these
markets. However, the company's financial performance is subject to
various risks and uncertainties associated with the technology and
energy
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