Remote Monitoring and Control Solutions Provider Acorn Trims Q1 Net Loss with Higher Gross Profit
WILMINGTON, Del., May 11, 2023 (GLOBE NEWSWIRE) — Acorn Energy, Inc. (OTCQB:ACFN), a provider of remote monitoring and control solutions for stand-by power generators, gas pipelines, air compressors and other critical industrial equipment, announced results for its first quarter ended March 31, 2023 (Q1’23). An increase in higher-margin monitoring revenue offset a decrease in hardware revenue, generating greater gross profit and a meaningful reduction in Acorn’s Q1’23 net loss vs. Q1’22. Acorn will host a conference call today at 11:00 a.m. ET to review its results, its outlook and to answer investor questions (call details below).
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