Acorn's Q3 Revenue Rose 46% to $3.05M and EPS Rose to $0.29 vs. $0.01, Inclusive of the Initial Benefit of 2-Year Contract for Remote Monitoring of Backup Generators for Cell Towers
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Acorn reported a significant increase in Q3 revenue, up 46% to $3.05 million, and EPS rising to $0.29 from $0.01. This growth includes the initial benefit from a 2-year contract for remote monitoring of backup generators for cell towers.
November 07, 2024 | 12:45 pm
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Acorn's Q3 results show a 46% revenue increase to $3.05M and EPS rising to $0.29, driven by a new 2-year contract for remote monitoring of cell tower generators.
The significant increase in revenue and EPS is attributed to the new 2-year contract, indicating strong business growth and potential for continued performance improvement. This is likely to positively impact Acorn's stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100