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Article: Acorn Energy Third Quarter Revenue up 40% to $6.5 Million.
- Article from:
- PR Newswire
- Article date:
- November 12, 2009
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Gross profit Increases 219% for the quarter; 192% for the nine month period
MONTCHANIN, Del., Nov. 12 /PRNewswire-FirstCall/ -- Acorn Energy Inc. an energy technology holding company, today announced results for the third quarter ended September 30, 2009. Below are the highlights from the three month and nine month periods:
Q3 2009 Highlights
-- Revenues increased by 40% to $6.5 million
-- Gross profit increased by 219% to $2.9 million
-- CoaLogix' revenues increased by 53% to $2.8 million
-- CoaLogix' gross profit increased by $0.9 million
Nine Month Highlights
-- Revenue increased 81% to $22.7 million
-- Gross Profit ...