Acorn Energy Inc (ACFN) Financial Statements (2024 and earlier)

Company Profile

Business Address 1000 N WEST STREET, SUITE 1200
WILMINGTON, DE 19801
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8711 - Engineering Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4501,7222,0631,247973481
Cash and cash equivalents1,4501,7222,0631,247973481
Restricted cash and investments     290 
Receivables5978766089626651,103
Inventory, net of allowances, customer advances and progress billings789617236291261229
Inventory789617236291261229
Deferred costs887799764741803 
Other current assets2882291261891441,090
Other undisclosed current assets      5,800
Total current assets:4,0114,2433,7973,4303,1368,703
Noncurrent Assets
Operating lease, right-of-use asset298399494587
Property, plant and equipment65351726818973139
Deferred costs807714    
Other noncurrent assets215169642778710380
Total noncurrent assets:1,9731,7991,4041,554783519
TOTAL ASSETS:5,9846,0425,2014,9843,9199,222
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities414621397333676596
Interest and dividends payable    107
Accounts payable243457229197246489
Accrued liabilities171164168136430 
Deferred revenue3,9843,5413,2143,004
Debt   149136 313
Deferred revenue and credits2,753
Due to related parties     1,624
Other liabilities58343368127651
Other undisclosed current liabilities11610799532,9841,583
Total current liabilities:4,5724,3033,8923,5943,7877,520
Noncurrent Liabilities
Long-term debt and lease obligation:  336443542  
Liabilities, other than long-term debt236121,3851,4932950
Deferred revenue and credits811
Deferred revenue   1,3401,491
Other liabilities16124522139
Operating lease, liability220336443542
Other undisclosed noncurrent liabilities2,1871,852  1,360 
Total noncurrent liabilities:2,4232,2001,8282,0351,362950
Total liabilities:6,9956,5035,7205,6295,1498,470
Equity
Equity, attributable to parent(1,017)(469)(523)(646)(1,338)471
Common stock397397397396304303
Treasury stock, value(3,036)(3,036)(3,036)(3,036)(3,036)(3,036)
Additional paid in capital102,889102,801102,726101,655100,34099,819
Accumulated deficit(101,267)(100,634)(100,613)(100,682)(100,064)(98,215)
Warrants and rights outstanding  331,0211,1181,600
Equity, attributable to noncontrolling interest6841108281
Total equity:(1,011)(461)(519)(645)(1,230)752
TOTAL LIABILITIES AND EQUITY:5,9846,0425,2014,9843,9199,222

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues7,0006,7765,9225,4905,0874,350
Cost of revenue
(Cost of Goods and Services Sold)
(1,929)(1,877)(1,791)(1,900)(1,965)(1,903)
Gross profit:5,0714,8994,1313,5903,1222,447
Operating expenses(5,700)(4,907)(4,441)(4,289)(4,498)(4,358)
Operating loss:(629)(8)(310)(699)(1,376)(1,911)
Interest and debt expense  (1)421 (21) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (35)2(83)(231)
Income (loss) from continuing operations before equity method investments, income taxes:(629)(9)76(697)(1,480)(2,142)
Income from equity method investments     33450
Other undisclosed income (loss) from continuing operations before income taxes(2)(4)  (640)(450)
Income (loss) from continuing operations before income taxes:(631)(13)76(697)(2,087)(2,142)
Income tax expense      (41)
Income (loss) from continuing operations:(631)(13)76(697)(2,087)(2,183)
Income (loss) before gain (loss) on sale of properties:(13)76(697)(2,087)(2,183)
Other undisclosed net income    50 840
Net income (loss):(631)(13)76(647)(2,087)(1,343)
Net income (loss) attributable to noncontrolling interest(2)(8)(7)29  
Other undisclosed net income attributable to parent     86174
Net income (loss) available to common stockholders, diluted:(633)(21)69(618)(2,001)(1,169)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(631)(13)76(647)(2,087)(1,343)
Other undisclosed comprehensive income      174
Comprehensive income (loss):(631)(13)76(647)(2,087)(1,169)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(8)(7)29  
Comprehensive income (loss), net of tax, attributable to parent:(633)(21)69(618)(2,087)(1,169)

Statements Sources

The financial statements are based on the Company's filings with 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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