Acorn Energy Q1 revenue falls 28% as hardware sales drop

Acorn Energy

07/05/2026 13:07

Overview

US remote monitoring firm's Q1 revenue fell 28% on lower hardware sales after contract completion

Company posted Q1 net loss versus profit last year, citing higher SG&A and stock compensation

Outlook

Company expects stronger performance in later quarters of 2026 after a typically weak Q1

Acorn expects Q2 hardware revenue to be below Q2'25 due to completion of major contract

Company maintains objective of 20%+ average annual revenue growth over three to five years

Result Drivers

HARDWARE REVENUE DROP - Q1 revenue decline was primarily due to a sharp decrease in hardware sales after the completion of a major cellphone provider contract

MONITORING REVENUE GROWTH - Monitoring revenue rose 11.7% as the installed base of monitored endpoints expanded

HIGHER SG&A COSTS - Operating expenses increased due to higher stock-based compensation and additional personnel and technology expenses

Company press release: ID:nGNX1sstWk

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.03
Q1 Gross Margin
80.20%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)