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 investments1,7222,0631,247973481222172
Cash and cash equivalents1,7222,0631,247973481222172
Restricted cash and investments   290  2,172
Receivables8766089626651,1031,0056,680
Inventory, net of allowances, customer advances and progress billings6172362912612292021,002
Inventory6172362912612292021,002
Deferred costs799764741803   
Disposal group, including discontinued operation     119 
Other current assets2291261891441,0909321,877
Other undisclosed current assets    5,8006,2373,949
Total current assets:4,2433,7973,4303,1368,7038,71715,852
Noncurrent Assets
Operating lease, right-of-use asset399494587
Property, plant and equipment51726818973139214977
Intangible assets, net (including goodwill)      516
Goodwill      516
Restricted cash and investments      2,951
Deferred costs714      
Other noncurrent assets169642778710380309476
Other undisclosed noncurrent assets      3,558
Total noncurrent assets:1,7991,4041,5547835195238,478
TOTAL ASSETS:6,0425,2014,9843,9199,2229,24024,330
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6213973336765961,0354,802
Accounts payable4572291972464897083,296
Accrued liabilities164168136430   
Employee-related liabilities     3271,506
Interest and dividends payable    107  
Deferred revenue3,5413,2143,004
Debt 149136 3133762,054
Due to related parties    1,624  
Disposal group, including discontinued operation     997 
Deferred revenue and credits2,7532,1495,268
Other liabilities3433681276516292,796
Other undisclosed current liabilities10799532,9841,583 1,900
Total current liabilities:4,3033,8923,5943,7877,5205,18616,820
Noncurrent Liabilities
Long-term debt and lease obligation336443542    
Operating lease, liability336443542
Liabilities, other than long-term debt121,3851,49329502,002868
Deferred revenue and credits811  
Deferred revenue 1,3401,491
Due to related parties     1,171 
Other liabilities124522139831868
Other undisclosed noncurrent liabilities1,852  1,360 1654,984
Total noncurrent liabilities:2,2001,8282,0351,3629502,1675,852
Total liabilities:6,5035,7205,6295,1498,4707,35322,672
Stockholders' equity
Stockholders' equity attributable to parent(469)(523)(646)(1,338)4711,332366
Common stock397397396304303301281
Treasury stock, value(3,036)(3,036)(3,036)(3,036)(3,036)(3,036)(3,036)
Additional paid in capital102,801102,726101,655100,34099,81999,91798,977
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 outstanding331,0211,1181,6001,6001,597
Stockholders' equity attributable to noncontrolling interest8411082815551,292
Total stockholders' equity:(461)(519)(645)(1,230)7521,8871,658
TOTAL LIABILITIES AND EQUITY:6,0425,2014,9843,9199,2229,24024,330

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
Revenues6,7765,9225,4905,0874,3508,65919,055
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:4,8994,1313,5903,1222,4473,5256,187
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   33450  
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   86174264203
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    174270167
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.

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