Investors Ignoring Two New Acorn Energy Remote Monitoring Growth Initiatives; CEO Jan Loeb Elaborates [Weekly GeoWire No 97] [Video]
This past week, I engaged in a Skull Session Management Briefing with Jan Loeb, the CEO and President of Acorn Energy Inc (OOTC:ACFN), covering the company’s second-quarter results, growth strategies, and growth initiatives.
Acorn Energy manufactures remote monitoring products, focusing on industries like commercial, industrial, and residential power generation and corrosion protection. They faced a growth slowdown in 2022 due to the sunsetting of 3G technology, which led to a reduction in connections and revenue. However, they rebounded with a renewed focus on LTE technology and are now aiming for 20% annual cash basis revenue growth.