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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 1,450 | 1,722 | 2,063 | 1,247 | 973 | 481 | |||
Cash and cash equivalents | 1,450 | 1,722 | 2,063 | 1,247 | 973 | 481 | |||
Restricted cash and investments | 290 | ||||||||
Receivables | 597 | 876 | 608 | 962 | 665 | 1,103 | |||
Inventory, net of allowances, customer advances and progress billings | 789 | 617 | 236 | 291 | 261 | 229 | |||
Inventory | 789 | 617 | 236 | 291 | 261 | 229 | |||
Deferred costs | 887 | 799 | 764 | 741 | 803 | ||||
Other current assets | 288 | 229 | 126 | 189 | 144 | 1,090 | |||
Other undisclosed current assets | 5,800 | ||||||||
Total current assets: | 4,011 | 4,243 | 3,797 | 3,430 | 3,136 | 8,703 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 298 | 399 | 494 | 587 | ✕ | ✕ | |||
Property, plant and equipment | 653 | 517 | 268 | 189 | 73 | 139 | |||
Deferred costs | 807 | 714 | |||||||
Other noncurrent assets | 215 | 169 | 642 | 778 | 710 | 380 | |||
Total noncurrent assets: | 1,973 | 1,799 | 1,404 | 1,554 | 783 | 519 | |||
TOTAL ASSETS: | 5,984 | 6,042 | 5,201 | 4,984 | 3,919 | 9,222 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 414 | 621 | 397 | 333 | 676 | 596 | |||
Interest and dividends payable | ✕ | ✕ | 107 | ||||||
Accounts payable | 243 | 457 | 229 | 197 | 246 | 489 | |||
Accrued liabilities | 171 | 164 | 168 | 136 | 430 | ||||
Deferred revenue | 3,984 | 3,541 | 3,214 | 3,004 | ✕ | ✕ | |||
Debt | 149 | 136 | 313 | ||||||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,753 | ||
Due to related parties | ✕ | 1,624 | |||||||
Other liabilities | 58 | 34 | 33 | 68 | 127 | 651 | |||
Other undisclosed current liabilities | 116 | 107 | 99 | 53 | 2,984 | 1,583 | |||
Total current liabilities: | 4,572 | 4,303 | 3,892 | 3,594 | 3,787 | 7,520 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation: | 336 | 443 | 542 | ||||||
Liabilities, other than long-term debt | 236 | 12 | 1,385 | 1,493 | 2 | 950 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 811 | ||
Deferred revenue | 1,340 | 1,491 | ✕ | ✕ | |||||
Other liabilities | 16 | 12 | 45 | 2 | 2 | 139 | |||
Operating lease, liability | 220 | 336 | 443 | 542 | ✕ | ✕ | |||
Other undisclosed noncurrent liabilities | 2,187 | 1,852 | 1,360 | ||||||
Total noncurrent liabilities: | 2,423 | 2,200 | 1,828 | 2,035 | 1,362 | 950 | |||
Total liabilities: | 6,995 | 6,503 | 5,720 | 5,629 | 5,149 | 8,470 | |||
Equity | |||||||||
Equity, attributable to parent | (1,017) | (469) | (523) | (646) | (1,338) | 471 | |||
Common stock | 397 | 397 | 397 | 396 | 304 | 303 | |||
Treasury stock, value | (3,036) | (3,036) | (3,036) | (3,036) | (3,036) | (3,036) | |||
Additional paid in capital | 102,889 | 102,801 | 102,726 | 101,655 | 100,340 | 99,819 | |||
Accumulated deficit | (101,267) | (100,634) | (100,613) | (100,682) | (100,064) | (98,215) | |||
Warrants and rights outstanding | 3 | 3 | 1,021 | 1,118 | 1,600 | ||||
Equity, attributable to noncontrolling interest | 6 | 8 | 4 | 1 | 108 | 281 | |||
Total equity: | (1,011) | (461) | (519) | (645) | (1,230) | 752 | |||
TOTAL LIABILITIES AND EQUITY: | 5,984 | 6,042 | 5,201 | 4,984 | 3,919 | 9,222 |
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 | ||
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Revenues | 7,000 | 6,776 | 5,922 | 5,490 | 5,087 | 4,350 | ||
Cost of revenue (Cost of Goods and Services Sold) | (1,929) | (1,877) | (1,791) | (1,900) | (1,965) | (1,903) | ||
Gross profit: | 5,071 | 4,899 | 4,131 | 3,590 | 3,122 | 2,447 | ||
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 | 33 | 450 | ||||||
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 | 86 | 174 | ||||||
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 | ||
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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.