XML 95 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Projects $ 14,651 $ 11,368 $ 11,234
Products 3,880 7,049 2,464
Services 888 511 546
Total revenues 19,419 18,928 14,244
Cost of sales:      
Projects 10,749 7,886 6,646
Products 2,996 3,730 1,136
Services 471 399 418
Total cost of sales 14,216 12,015 8,200
Gross profit 5,203 6,913 6,044
Operating expenses:      
Research and development expenses, net 6,590 2,995 965
Impairments 0 0 1,166
Selling, general and administrative expenses 19,361 11,952 10,440
Total Operating Expenses 25,951 14,947 12,571
Operating Income (Loss) (20,748) (8,034) (6,527)
Finance expense, net 57 (26) (224)
Gain on investment in GridSense 0 0 1,327
Distribution received from EnerTech 0 0 135
Loss on Sale of EnerTech 0 0 1,821
Gain on sale of HangXing 0 492 0
Loss from continuing operations before taxes (20,691) (7,568) (7,110)
Income tax benefit (expense) 2,956 12,767 (671)
Net income (loss) from continuing operations (17,735) 5,199 (7,781)
Loss From Discontinued Operations Net Of Tax 0 (1,948) (17,969)
Gain on the sale of discontinued operations, net of income taxes 0 31,069 0
Noncontrolling Interest Share of Loss from Discontinued Operations 0 540 67
Net Loss (17,735) 34,860 (25,683)
Net Income (Loss) Attributable to Noncontrolling Interest 1,024 549 595
Net Income (Loss) Attributable to Acorn Energy, Inc. Shareholders $ (16,711) $ 35,409 $ (25,088)
From continuing operations $ (0.93) $ 0.33 $ (0.48)
From discontinued operations $ 0.00 $ 1.70 $ (1.20)
Basic net income (loss) per share attributable to Acorn Energy, Inc. shareholders $ (0.93) $ 2.03 $ (1.68)
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. shareholders – basic 17,891 17,462 14,910
From continuing operations $ (0.93) $ 0.32 $ (0.48)
From discontinued operations $ 0.00 $ 1.67 $ (1.20)
Diluted net income (loss) per share attributable to Acorn Energy, Inc. shareholders $ (0.93) $ 1.99 $ (1.68)
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. shareholders – diluted 17,891 17,743 14,910
Dividends declared per common share $ 0.140 $ 0.085 $ 0.000