Acorn Energy Whiffs on Revenues
Acorn Energy (NAS: ACFN) reported earnings on May 10. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Acorn Energy whiffed on revenue and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP loss per share improved.
Margins shrank across the board.
Acorn Energy booked revenue of $4.2 million. The one analyst polled by S&P Capital IQ anticipated a top line of $8.9 million on the same basis. GAAP reported sales were 38% lower than the prior-year quarter's $6.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.24. The one earnings estimate compiled by S&P Capital IQ forecast -$0.04 per share. GAAP EPS were -$0.24 for Q1 versus -$0.13 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.6%, 440 basis points worse than the prior-year quarter. Operating margin was -102.4%, 6,020 basis points worse than the prior-year quarter. Net margin was -98.7%, 6,630 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $9.1 million. On the bottom line, the average EPS estimate is -$0.04.
Next year's average estimate for revenue is $38.0 million. The average EPS estimate is -$0.18.
The stock has a two-star rating (out of five) at Motley Fool CAPS.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Acorn Energy is buy, with an average price target of $9.61.
Over the decades, small-cap stocks like Acorn Energy have provided market-beating returns, provided they're value-priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
- Add Acorn Energy to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.