Acorn Energy Inc (ACFN) financial statements (2022 and earlier)
Company profile
| Business Address |
1000 N WEST STREET, SUITE 1200 WILMINGTON, DE 19801 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 8711 - Engineering Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,722 | 2,063 | 1,247 | 973 | 481 | 222 | 172 | ||
| Cash and cash equivalents | 1,722 | 2,063 | 1,247 | 973 | 481 | 222 | 172 | ||
| Restricted cash and investments | 290 | 2,172 | |||||||
| Receivables | 876 | 608 | 962 | 665 | 1,103 | 1,005 | 6,680 | ||
| Inventory, net of allowances, customer advances and progress billings | 617 | 236 | 291 | 261 | 229 | 202 | 1,002 | ||
| Inventory | 617 | 236 | 291 | 261 | 229 | 202 | 1,002 | ||
| Deferred costs | 799 | 764 | 741 | 803 | |||||
| Disposal group, including discontinued operation | 119 | ||||||||
| Other current assets | 229 | 126 | 189 | 144 | 1,090 | 932 | 1,877 | ||
| Other undisclosed current assets | 5,800 | 6,237 | 3,949 | ||||||
| Total current assets: | 4,243 | 3,797 | 3,430 | 3,136 | 8,703 | 8,717 | 15,852 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 399 | 494 | 587 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 517 | 268 | 189 | 73 | 139 | 214 | 977 | ||
| Intangible assets, net (including goodwill) | 516 | ||||||||
| Goodwill | 516 | ||||||||
| Restricted cash and investments | 2,951 | ||||||||
| Deferred costs | 714 | ||||||||
| Other noncurrent assets | 169 | 642 | 778 | 710 | 380 | 309 | 476 | ||
| Other undisclosed noncurrent assets | 3,558 | ||||||||
| Total noncurrent assets: | 1,799 | 1,404 | 1,554 | 783 | 519 | 523 | 8,478 | ||
| TOTAL ASSETS: | 6,042 | 5,201 | 4,984 | 3,919 | 9,222 | 9,240 | 24,330 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 621 | 397 | 333 | 676 | 596 | 1,035 | 4,802 | ||
| Accounts payable | 457 | 229 | 197 | 246 | 489 | 708 | 3,296 | ||
| Accrued liabilities | 164 | 168 | 136 | 430 | |||||
| Employee-related liabilities | 327 | 1,506 | |||||||
| Interest and dividends payable | 107 | ||||||||
| Deferred revenue | 3,541 | 3,214 | 3,004 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 149 | 136 | 313 | 376 | 2,054 | ||||
| Due to related parties | 1,624 | ||||||||
| Disposal group, including discontinued operation | 997 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 2,753 | 2,149 | 5,268 | ||
| Other liabilities | 34 | 33 | 68 | 127 | 651 | 629 | 2,796 | ||
| Other undisclosed current liabilities | 107 | 99 | 53 | 2,984 | 1,583 | 1,900 | |||
| Total current liabilities: | 4,303 | 3,892 | 3,594 | 3,787 | 7,520 | 5,186 | 16,820 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 336 | 443 | 542 | ||||||
| Operating lease, liability | 336 | 443 | 542 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 12 | 1,385 | 1,493 | 2 | 950 | 2,002 | 868 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 811 | ||||
| Deferred revenue | 1,340 | 1,491 | ✕ | ✕ | ✕ | ✕ | |||
| Due to related parties | 1,171 | ||||||||
| Other liabilities | 12 | 45 | 2 | 2 | 139 | 831 | 868 | ||
| Other undisclosed noncurrent liabilities | 1,852 | 1,360 | 165 | 4,984 | |||||
| Total noncurrent liabilities: | 2,200 | 1,828 | 2,035 | 1,362 | 950 | 2,167 | 5,852 | ||
| Total liabilities: | 6,503 | 5,720 | 5,629 | 5,149 | 8,470 | 7,353 | 22,672 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (469) | (523) | (646) | (1,338) | 471 | 1,332 | 366 | ||
| Common stock | 397 | 397 | 396 | 304 | 303 | 301 | 281 | ||
| Treasury stock, value | (3,036) | (3,036) | (3,036) | (3,036) | (3,036) | (3,036) | (3,036) | ||
| Additional paid in capital | 102,801 | 102,726 | 101,655 | 100,340 | 99,819 | 99,917 | 98,977 | ||
| Accumulated other comprehensive loss | (254) | (262) | |||||||
| Accumulated deficit | (100,634) | (100,613) | (100,682) | (100,064) | (98,215) | (97,196) | (97,191) | ||
| Warrants and rights outstanding | 3 | 3 | 1,021 | 1,118 | 1,600 | 1,600 | 1,597 | ||
| Stockholders' equity attributable to noncontrolling interest | 8 | 4 | 1 | 108 | 281 | 555 | 1,292 | ||
| Total stockholders' equity: | (461) | (519) | (645) | (1,230) | 752 | 1,887 | 1,658 | ||
| TOTAL LIABILITIES AND EQUITY: | 6,042 | 5,201 | 4,984 | 3,919 | 9,222 | 9,240 | 24,330 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,776 | 5,922 | 5,490 | 5,087 | 4,350 | 8,659 | 19,055 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 5,850 | |||
| Cost of revenue (Cost of Goods and Services Sold) | (1,877) | (1,791) | (1,900) | (1,965) | (1,903) | (5,134) | (12,868) | |
| Gross profit: | 4,899 | 4,131 | 3,590 | 3,122 | 2,447 | 3,525 | 6,187 | |
| Operating expenses | (4,907) | (4,441) | (4,289) | (4,498) | (4,358) | (6,578) | (15,275) | |
| Operating loss: | (8) | (310) | (699) | (1,376) | (1,911) | (3,053) | (9,088) | |
| Nonoperating expense | (330) | |||||||
| Interest and debt expense | (1) | 421 | (21) | |||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (35) | 2 | (83) | (231) | 2,971 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (9) | 76 | (697) | (1,480) | (2,142) | (82) | (9,418) | |
| Income from equity method investments | 33 | 450 | ||||||
| Other undisclosed loss from continuing operations before income taxes | (4) | (640) | (450) | |||||
| Income (loss) from continuing operations before income taxes: | (13) | 76 | (697) | (2,087) | (2,142) | (82) | (9,418) | |
| Income tax expense | (41) | (19) | (211) | |||||
| Income (loss) before gain (loss) on sale of properties: | (13) | 76 | (697) | (2,087) | (2,183) | (101) | (9,629) | |
| Other undisclosed net income (loss) | 50 | 840 | (18) | (1,173) | ||||
| Net income (loss): | (13) | 76 | (647) | (2,087) | (1,343) | (119) | (10,802) | |
| Net income (loss) attributable to noncontrolling interest | (8) | (7) | 29 | |||||
| Other undisclosed net income attributable to parent | 86 | 174 | 264 | 203 | ||||
| Net income (loss) available to common stockholders, diluted: | (21) | 69 | (618) | (2,001) | (1,169) | 145 | (10,599) | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (13) | 76 | (647) | (2,087) | (1,343) | (119) | (10,802) | |
| Other undisclosed comprehensive income | 174 | 270 | 167 | |||||
| Comprehensive income (loss): | (13) | 76 | (647) | (2,087) | (1,169) | 151 | (10,635) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (8) | (7) | 29 | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2 | (14) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (21) | 69 | (618) | (2,087) | (1,169) | 153 | (10,649) | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.