Latest news with #JanLoeb
Associated Press
5 days ago
- Business
- Associated Press
Acorn, Provider of Monitoring and Controls for Backup Power Generators, to Participate in Investor Summit Virtual Microcap Conference, on June 11th
WILMINGTON, DE / ACCESS Newswire / June 3, 2025 / Acorn Energy, Inc. (OTCQB:ACFN), a provider of remote monitoring and control solutions for backup power generators, gas pipelines and air compressors, will participate in investor meetings at the Q2 Investor Summit Virtual conference, on Wednesday, June 11th. To arrange a meeting with CEO Jan Loeb, please contact [email protected]. Date/Time: Wednesday, June 11th; available for meetings (by appointment) ACFN Information: About the Investor Summit The Investor Summit is an exclusive, independent conference dedicated to connecting microcap companies with qualified investors looking for compelling investment opportunities. It is an opportunity to be introduced to and speak with management at some of the most attractive small companies, learn from various subject matter experts, and see what your peers are doing in this market. This quarter's event is focused on MicroCap companies who are undervalued and have a catalyst. About Acorn ( )and OmniMetrixTM ( ) Acorn Energy, Inc. owns a 99% equity stake in OmniMetrix, a pioneer and leader in Internet of Things (IoT) wireless remote monitoring and control solutions for stand-by power generators, gas pipelines, air compressors and other industrial equipment. OmniMetrix serves tens of thousands of commercial and residential customers, including over 25 Fortune/Global 500 companies, supporting cell towers, manufacturing plants, medical facilities, data centers, retail stores, public transportation systems, energy distribution and federal, state and municipal government facilities and residential backup generators. OmniMetrix's proven, cost-effective solutions make critical systems more reliable and also enable automated 'demand response' electric grid support via enrolled backup generators. Follow us X: @Acorn_IR and @OmniMetrix StockTwits: @Acorn_Energy Investor Relations Contacts Catalyst IR William Jones, 267-987-2082 David Collins, 212-924-9800 [email protected] Conference Contact Fred Rockwell [email protected] or [email protected] Investor Summit Group SOURCE: Acorn Energy, Inc. press release
Yahoo
01-05-2025
- Business
- Yahoo
Acorn, Provider of Backup Power Generator Monitoring and Control Solutions, Hosts Q1 Earnings Call Thur. May 8th at 11am ET
WILMINGTON, Del., May 01, 2025 (GLOBE NEWSWIRE) -- Acorn Energy, Inc. (OTCQB: ACFN), a provider of remote monitoring and control IoT solutions for backup power generators, gas pipelines and air compressors, will report Q1 2025 results before the market opens on Thursday, May 8th and host an investor call at 11:00 a.m. ET. Following prepared remarks, Jan Loeb, President & CEO, and Tracy Clifford, CFO & COO of OmniMetrix, will field investor's questions. Conference Call & Replay Date/Time: Thursday, May 8th at11:00am ET Dial-in Number: 1-844-834-0644 or 1-412-317-5190 (Int'l) Online Replay/Transcript: Audio file/transcript will be posted online here Questions can also be submitted via Email to: acfn@ About Acorn ( and OmniMetrixTM ( Energy, Inc. owns a 99% equity stake in OmniMetrix, a pioneering leader in wireless remote monitoring and control solutions for stand-by power generators, gas pipelines, air compressors and other industrial equipment. OmniMetrix serves tens of thousands of commercial and residential customers, including over 25 Fortune/Global 500 companies, supporting cell towers, manufacturing plants, medical facilities, data centers, retail stores, public transportation systems, energy distribution and federal, state and municipal government facilities and residential backup generators. OmniMetrix's proven, cost-effective solutions make critical systems more reliable and also enable automated 'demand response' electric grid support via enrolled backup generators. Engage With Us X: @Acorn_IR and @OmniMetrix StockTwits: @Acorn_Energy Investor Relations ContactsCatalyst IR William Jones, 267-987-2082David Collins, 212-924-9800acfn@
Associated Press
01-05-2025
- Business
- Associated Press
Acorn, Provider of Backup Power Generator Monitoring and Control Solutions, Hosts Q1 Earnings Call Thur. May 8th at 11am ET
WILMINGTON, Del., May 01, 2025 (GLOBE NEWSWIRE) -- Acorn Energy, Inc. (OTCQB: ACFN), a provider of remote monitoring and control IoT solutions for backup power generators, gas pipelines and air compressors, will report Q1 2025 results before the market opens on Thursday, May 8th and host an investor call at 11:00 a.m. ET. Following prepared remarks, Jan Loeb, President & CEO, and Tracy Clifford, CFO & COO of OmniMetrix, will field investor's questions. About Acorn ( ) and OmniMetrixTM ( ) Acorn Energy, Inc. owns a 99% equity stake in OmniMetrix, a pioneering leader in wireless remote monitoring and control solutions for stand-by power generators, gas pipelines, air compressors and other industrial equipment. OmniMetrix serves tens of thousands of commercial and residential customers, including over 25 Fortune/Global 500 companies, supporting cell towers, manufacturing plants, medical facilities, data centers, retail stores, public transportation systems, energy distribution and federal, state and municipal government facilities and residential backup generators. OmniMetrix's proven, cost-effective solutions make critical systems more reliable and also enable automated 'demand response' electric grid support via enrolled backup generators. Investor Relations Contacts Catalyst IR William Jones, 267-987-2082 David Collins, 212-924-9800 [email protected]
Yahoo
27-03-2025
- Business
- Yahoo
Backup Power Generator Monitoring and Control Provider Acorn to Present at Planet MicroCap Showcase in Las Vegas Wednesday, April 23rd at 11am PT
LAS VEGAS and WILMINGTON, Del., March 27, 2025 (GLOBE NEWSWIRE) -- Acorn Energy, Inc. (OTCQB: ACFN), a provider of remote monitoring and control solutions for backup power generators, gas pipelines and air compressors, will webcast its presentation at the Planet MicroCap Showcase investor conference on Wednesday, April 23rd at 11:00 am PT / 2:00 pm ET on track 3. Acorn's CEO Jan Loeb will also be available for in-person investor meetings during the conference (booth #207). The event will be held at the Paris Las Vegas hotel in partnership with the MicroCapClub. Acorn's 2024 results reflected the benefit of an approximately $5M contract with a leading cell phone provider for equipment and remote monitoring services for thousands of cell tower backup generators across the US. Acorn reported 2024 revenue of $10.99M which included $1.66M in revenue from the contract, with accelerating deployments anticipated over the next several quarters. Acorn also reported 2024 net income to shareholders of $6.3M, or $2.51 per share, including a $4.4M deferred income tax benefit, or $1.77 per share, based on 2.5M diluted shares outstanding. Webcast Access Date/Time: Wednesday, April 23rd at 11:00am PT / 2:00pm ET URL: If you would like to attend Planet MicroCap or book an in-person meeting with Acorn, please register at: About Planet MicroCap Planet MicroCap is a global multimedia financial news, publishing and events company focused on providing news, information, data and analytics for the MicroCap investing community. Planet MicroCap has cultivated an active and engaged audience of investors interested in learning about and staying ahead of the curve in the MicroCap space. About the MicroCapClub ( is an exclusive forum for experienced microcap investors to share and discuss stock ideas in sub $500M market cap companies. Since 2011, MicroCapClub members have profiled over 1,200 companies. Investors can join the community by applying to become a member or subscribing. About Acorn ( and OmniMetrix™ ( Energy, Inc. owns a 99% equity stake in OmniMetrix, a pioneer and leader in Internet of Things (IoT) wireless remote monitoring and control solutions for stand-by power generators, gas pipelines, air compressors and other industrial equipment. OmniMetrix serves tens of thousands of commercial and residential customers, including over 25 Fortune/Global 500 companies, supporting cell towers, manufacturing plants, medical facilities, data centers, retail stores, public transportation systems, energy distribution and federal, state and municipal government facilities and residential backup generators. OmniMetrix's proven, cost-effective solutions make critical systems more reliable and also enable automated 'demand response' electric grid support via enrolled backup generators. Safe Harbor Statement This press release includes forward-looking statements, which are subject to risks and uncertainties. There are no assurances that Acorn will be successful in growing its business, increasing its revenue, increasing profitability, or maximizing the value of its operating company and other assets. A complete discussion of the risks and uncertainties that may affect Acorn Energy's business, including the business of its subsidiary, is included in 'Risk Factors' in the Company's most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission. Follow usTwitter: @Acorn_IR and @OmniMetrixStockTwits: @Acorn_Energy Investor Relations ContactsCatalyst IR William Jones, 267-987-2082David Collins, 212-924-9800acfn@ in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
Acorn Energy Inc (ACFN) Q4 2024 Earnings Call Highlights: Revenue Surge and Strategic Moves
Release Date: March 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Acorn Energy Inc (ACFN) achieved a 36% increase in revenue and a significant rise in net income to $6.3 million in 2024. The company secured a substantial contract with a leading cell phone provider, contributing to revenue growth and future monitoring service opportunities. Acorn Energy Inc (ACFN) improved its balance sheet, increasing cash reserves to $2.3 million and stockholders' equity to $5.5 million. The company is pursuing an uplisting to the Nasdaq, which could enhance visibility and liquidity of its stock. Acorn Energy Inc (ACFN) is investing in research and development to maintain market leadership and develop new solutions, with plans to launch next-generation products in 2025. The company's gross margin slightly declined due to an increase in hardware revenue, which carries a lower margin than monitoring services. There is uncertainty regarding the full potential of the demand response market, which is still in its early stages and not expected to impact near-term financials. Acorn Energy Inc (ACFN) faces challenges in executing strategic partnerships, as seen with a private equity firm's unsuccessful reseller agreement. The company must navigate potential risks associated with changes in technology, competitive landscape, and economic environment. Acorn Energy Inc (ACFN) needs to manage the complexities of fulfilling large contracts, including potential supply chain and inventory challenges. Warning! GuruFocus has detected 3 Warning Signs with ACFN. Q: Can you clarify the range of units for the large contract with the cell phone provider and how the final number will be determined? A: The final number depends on the purchase orders (POs) we receive from the customer. The range is still between 5,000 to 10,000 units, and the customer has increased their initial order by 40%. The opportunity could potentially double, but it depends on various factors, including the customer's needs at their cell tower sites. - Jan Loeb, CEO Q: What does it mean when you say the pace of hardware shipments will accelerate in the next few quarters? A: Initially, the contract was over a two-year period, but the customer wants to expedite the process and complete it within a year. We are working to meet this accelerated timeline. - Jan Loeb, CEO Q: Are your inventory levels and supply chain efficient enough to meet the increased demand for hardware? A: Yes, we believe our inventory levels and supply chain are adequate to meet the current demand. We have been preparing since the contract was signed in June 2024 and have regular communication with the customer to understand their needs. - Jan Loeb, CEO Q: With the acceleration in hardware growth, should we expect an increase in monitoring revenue as well? A: Yes, there should be an increase in monitoring revenue. However, hardware is significantly more expensive than annual monitoring, so the hardware revenue will always appear larger. - Jan Loeb, CEO Q: Can you provide more details on the potential Nasdaq uplisting and its timing? A: We aim to complete the uplisting by June 30th, but it depends on the requirements set by Nasdaq. We will keep shareholders updated on the progress. - Jan Loeb, CEO Q: Is there any update on the demand response initiative and when it might start contributing significantly to revenue? A: Demand response is still in its early stages, and even grid operators are figuring out the logistics. While we are well-positioned for this opportunity, it is not expected to impact our numbers in the near future. - Jan Loeb, CEO Q: Does the opportunity for white-label agreements with generator manufacturers still exist? A: Yes, the opportunity still exists, but we cannot provide specific details on its size or timeline. - Jan Loeb, CEO Q: Can you explain the impact of deferred revenue on your financials, particularly regarding hardware and monitoring? A: Deferred revenue for monitoring will continue to fluctuate as it is amortized over the service period. Hardware revenue is recognized upon shipment and is unlikely to change after being fully amortized. - Tracy Clifford, CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
