Acorn Energy targets 20% average annual revenue growth
Acorn Energy is targeting 20% average annual revenue growth as it launches OMNI360 and expands via a Champion partnership.
The company’s second quarter results demonstrate the strength of its business model, centered on high-margin recurring monitoring revenue.
Total second quarter revenue was driven by a growing base of hardware deployments.
The company’s growth strategy is focused on expanding its customer base and increasing revenue through high-margin recurring monitoring services.