XML 43 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Projects $ 4,582 $ 2,509 $ 7,618 $ 4,857
Products 1,196 1,482 2,176 2,102
Services 122 116 341 243
Total revenues 5,900 4,107 10,135 7,202
Cost of sales:        
Projects 3,527 1,904 5,773 3,371
Products 668 758 1,322 1,115
Services 127 98 251 195
Total cost of sales 4,322 2,760 7,346 4,681
Gross profit 1,578 1,347 2,789 2,521
Operating expenses:        
Research and development expenses, net of credits 1,699 384 3,017 874
Selling, General and Administrative Expense 4,390 2,724 8,619 5,467
Total Operating Expenses 6,089 3,108 11,636 6,341
Operating Income (Loss) (4,511) (1,761) (8,847) (3,820)
Finance income (expense), net 130 (100) 107 (217)
Gain on sale of HangXing 0 0 0 (492)
Loss from continuing operations before taxes (4,381) (1,861) (8,740) (3,545)
Income tax benefit (expense) 1,064 [1] 26 989 [1] (39)
Net loss from continuing operations (3,317) (1,835) (7,751) (3,584)
Loss from Discontinued Operations, Net of Income Taxes 0 (568) 0 (1,404)
Noncontrolling Interest Share of Loss from Discontinued Operations 0 157 0 389
Net Loss (3,317) (2,246) (7,751) (4,599)
Net Income (Loss) Attributable to Noncontrolling Interest 205 167 461 303
Net Income (Loss) Attributable to Acorn Energy, Inc. Shareholders $ (3,112) $ (2,079) $ (7,290) $ (4,296)
Basic income (loss) per share attributable to Acorn Energy, Inc. shareholders:        
From Continuing Operations $ (0.17) $ (0.10) $ (0.41) $ (0.19)
From Discontinued Operations $ 0.00 $ (0.02) $ 0.00 $ (0.06)
Basic and Diluted Net Loss Per Share Attributable to Acorn Energy, Inc. Shareholders $ (0.17) $ (0.12) $ (0.41) $ (0.25)
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. shareholders – basic and diluted 17,912 17,489 17,796 17,410
Dividends declared per common share $ 0.035 $ 0 $ 0.070 $ 0
[1] ** In 2012, includes an income tax benefit of $1,100 recorded with respect to net operating loss carryback of the Company's expected consolidated tax loss in the United States.