The energy technology firm reported a GAAP loss of $0.03 per share on $2.22 million in revenue for the period.
Acorn Energy reported a GAAP loss of $0.03 per share for the quarter, missing expectations as revenue reached $2.22 million. The results reflect ongoing challenges in scaling operations amid market volatility.
In the prior quarter, the company had posted a narrower loss, while revenue remained relatively flat. Analysts had anticipated a smaller deficit, though revenue aligned with consensus estimates.
Shares showed limited movement in after-hours trading, reflecting investor caution over the company’s near-term outlook.