Acorn Energy (NASDAQ:ACFN) has seen its market cap take a major hit over the past quarter, due to consistently missing earnings, cessation of its dividend, talks of shareholder litigation, and a pending issuance of shares, which at current prices might result in about 20% dilution. In most cases, this would suggest that a firm is in trouble. But not Acorn Energy.
Delving deeper into Acorn, one sees that it's a holding company which leverages acoustic and signal processing IP with remote sensing to deliver economic value to customers. Its three operating units focus on infrastructure security (DSIT), asset management via remote sensing (a joint unit comprised of GridSense and OmniMetrix), and O&G geophysics services (US Seismic)....
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