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0.0291176470588236 0.0291176470588236 0.0291176470588236 0.0291176470588236 0.0291176470588236 0.0151411764705882 0.0588235294117646 -1.63268091856641E-16
Stock impact report

Acorn Reports Q1 with Continued Growth and Margin Expansion in Remote Monitoring & Control of Industrial Assets (IoT)

ACORN ENERGY INC (ACFN) 
US:NASDAQ Investor Relations: acornenergy.com/investor_information.php
Company Research Source: GlobeNewswire
WILMINGTON, Del., May 15, 2018 (GLOBE NEWSWIRE) -- Acorn Energy, Inc. (OTCQB:ACFN), a provider of remote monitoring and control systems and services for generators, pipelines and other industrial assets, today announced results for its first quarter ended March 31, 2018. Acorn will host a conference call tomorrow at 11:00 a.m. EDT (details below) to review its results and outlook. Jan Loeb, President and CEO of Acorn, commented, "We demonstrated solid operating progress in the first quarter with new orders increasing 12% and revenue rising 10% versus a year ago, in what is generally our seasonally slowest selling period. We were also successful in expanding our gross margin to 62% from 56% in the first quarter of 2017, generating a 21% increase in Gross Profit. Our OmniMetrix industrial monitoring and control subsidiary trimmed its operating loss to $55,000 in the first quarter from $196,000 in the first quarter of last year. "We also completed the sale of our remaining stake in D Show less Read more
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