2014 Q4 Form 10-Q Financial Statement

#000088098414000014 Filed on November 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q4
Revenue $4.740M $5.639M $5.825M
YoY Change -18.63% 13.19% 21.46%
Cost Of Revenue $1.890M $4.134M $5.125M
YoY Change -63.12% 5.38% 36.05%
Gross Profit $2.860M $1.505M $700.0K
YoY Change 308.57% 42.12% -31.97%
Gross Profit Margin 60.34% 26.69% 12.02%
Selling, General & Admin $30.00K $3.757M $4.595M
YoY Change -99.35% -24.78% -16.0%
% of Gross Profit 1.05% 249.63% 656.43%
Research & Development -$2.430M $1.756M $1.839M
YoY Change -232.14% -20.87% 1.1%
% of Gross Profit -84.97% 116.68% 262.71%
Depreciation & Amortization -$320.0K $630.0K -$110.0K
YoY Change 190.91% 53.66% -129.73%
% of Gross Profit -11.19% 41.86% -15.71%
Operating Expenses -$2.400M $5.697M $6.434M
YoY Change -137.3% -58.11% -11.73%
Operating Profit $5.260M -$4.192M -$5.757M
YoY Change -191.37% -66.58% -8.04%
Interest Expense $10.00K $80.00K $80.00K
YoY Change -87.5% -900.0% -27.27%
% of Operating Profit 0.19%
Other Income/Expense, Net
YoY Change
Pretax Income $4.220M -$4.136M -$5.715M
YoY Change -173.84% -67.05% -7.07%
Income Tax $40.00K $12.00K -$72.00K
% Of Pretax Income 0.95%
Net Earnings -$13.47M -$3.849M -$5.253M
YoY Change 156.42% -68.74% -2.42%
Net Earnings / Revenue -284.18% -68.26% -90.18%
Basic Earnings Per Share
Diluted Earnings Per Share -$542.7K -$173.5K -$240.6K
COMMON SHARES
Basic Shares Outstanding 26.48M shares 22.19M shares 22.15M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.800M $4.000M $16.50M
YoY Change -70.91% -45.95% -36.78%
Cash & Equivalents $4.800M $4.000M $17.28M
Short-Term Investments
Other Short-Term Assets $2.400M $1.972M $1.695M
YoY Change 41.59% -41.47% -52.21%
Inventory $1.400M $6.480M $4.540M
Prepaid Expenses
Receivables $12.80M $4.657M $5.710M
Other Receivables $0.00 $0.00 $190.0K
Total Short-Term Assets $21.40M $24.35M $35.95M
YoY Change -40.47% -11.61% -22.17%
LONG-TERM ASSETS
Property, Plant & Equipment $1.100M $2.268M $2.432M
YoY Change -54.77% 10.31% 162.35%
Goodwill $4.352M $4.429M
YoY Change -3.22% -33.2%
Intangibles $3.390M $3.735M
YoY Change -13.87% -60.94%
Long-Term Investments
YoY Change
Other Assets $4.800M $894.0K $870.0K
YoY Change 451.72% -4.69% 16.78%
Total Long-Term Assets $8.100M $14.67M $15.01M
YoY Change -46.02% -1.16% -29.03%
TOTAL ASSETS
Total Short-Term Assets $21.40M $24.35M $35.95M
Total Long-Term Assets $8.100M $14.67M $15.01M
Total Assets $29.50M $39.03M $50.96M
YoY Change -42.11% -7.95% -24.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.200M $3.804M $3.086M
YoY Change -28.71% 31.67% 17.29%
Accrued Expenses $4.100M $2.000M $2.222M
YoY Change 84.52% 0.0% 115.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.400M $4.800M $0.00
YoY Change 300.0% -100.0%
Total Short-Term Liabilities $17.50M $15.94M $13.87M
YoY Change 26.16% 54.79% 35.53%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $100.0K $0.00
YoY Change
Other Long-Term Liabilities $5.600M $887.0K $600.0K
YoY Change 833.33% 49.33% -9.77%
Total Long-Term Liabilities $5.600M $5.646M $5.573M
YoY Change 0.48% 4.0% 8.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.50M $15.94M $13.87M
Total Long-Term Liabilities $5.600M $5.646M $5.573M
Total Liabilities $19.90M $21.58M $19.44M
YoY Change 2.35% 37.26% 26.33%
SHAREHOLDERS EQUITY
Retained Earnings -$73.13M -$59.45M
YoY Change 34.94% 99.94%
Common Stock $94.83M $94.17M
YoY Change 12.8% 12.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.036M $3.036M
YoY Change 0.0% 0.0%
Treasury Stock Shares 801.9K shares 801.9K shares
Shareholders Equity $9.700M $19.24M $32.40M
YoY Change
Total Liabilities & Shareholders Equity $29.50M $39.03M $50.96M
YoY Change -42.11% -7.95% -24.33%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q4
OPERATING ACTIVITIES
Net Income -$13.47M -$3.849M -$5.253M
YoY Change 156.42% -68.74% -2.42%
Depreciation, Depletion And Amortization -$320.0K $630.0K -$110.0K
YoY Change 190.91% 53.66% -129.73%
Cash From Operating Activities -$4.420M -$5.360M -$1.320M
YoY Change 234.85% -2.37% -76.13%
INVESTING ACTIVITIES
Capital Expenditures $140.0K -$280.0K $1.200M
YoY Change -88.33% -77.6% -700.0%
Acquisitions
YoY Change
Other Investing Activities $150.0K -$70.00K -$1.420M
YoY Change -110.56% -61.11% -112.79%
Cash From Investing Activities $290.0K -$360.0K -$220.0K
YoY Change -231.82% -74.83% -102.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.050M 1.500M 11.46M
YoY Change -55.93% 56.25% -1345.65%
NET CHANGE
Cash From Operating Activities -4.420M -5.360M -1.320M
Cash From Investing Activities 290.0K -360.0K -220.0K
Cash From Financing Activities 5.050M 1.500M 11.46M
Net Change In Cash 920.0K -4.220M 9.920M
YoY Change -90.73% -29.19% 123.42%
FREE CASH FLOW
Cash From Operating Activities -$4.420M -$5.360M -$1.320M
Capital Expenditures $140.0K -$280.0K $1.200M
Free Cash Flow -$4.560M -$5.080M -$2.520M
YoY Change 80.95% 19.81% -52.72%

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dei Document Fiscal Year Focus
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dei Document Period End Date
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2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
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0000880984
CY2014Q4 dei Entity Common Stock Shares Outstanding
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dei Entity Current Reporting Status
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dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
ACORN ENERGY, INC.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

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