Acorn Achieves Q2 Revenue Increase of 12% and Gross Margin and Bottomline Improvements in OmniMetrix Remote Monitoring & Control IoT Business; Investor Call Tomorrow at 11am ET - Dial 844-...
ACORN ENERGY INC (ACFN)
US:NASDAQ Investor Relations:
acornenergy.com/investor_information.php
Company Research
Source: GlobeNewswire
WILMINGTON, Del., Aug. 14, 2019 (GLOBE NEWSWIRE) -- Acorn Energy, Inc. (OTCQB: ACFN), a provider of remote monitoring and control systems and services for generators, pipelines, compressors and other industrial equipment, through its OmniMetrix subsidiary, today announced results for its second quarter ended June 30, 2019 (Q2'19). Acorn will host an investor call tomorrow at 11:00 a.m. EDT (see details below for the call and Q&A session) to review its results and outlook. Walter Czarnecki, President and CEO of OmniMetrix, commented, "OmniMetrix achieved continued revenue growth, improved gross margins, and an operating profit during Q2’19. We continued to deploy our next generation products, the Hero 2 Rectifier Monitor and AirGuard Compressor Monitor. We also made progress on new product development on both hardware and software products, which will further improve the customer experience we deliver and help us maintain our costs as we grow. “We added several new customers in the
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