XML 90 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Projects $ 14,128 $ 14,651 $ 11,368
Products 5,962 3,880 7,049
Services 1,666 888 511
Total revenues 21,756 19,419 18,928
Cost of sales:      
Projects 12,225 10,749 7,886
Products 3,931 2,996 3,730
Services 444 471 399
Total cost of sales 16,600 14,216 12,015
Gross profit 5,156 5,203 6,913
Operating expenses:      
Research and development expenses, net 8,175 6,590 2,995
Selling, general and administrative expenses 19,816 19,361 11,952
Impairment of goodwill and intangibles 6,731 0 0
Restructuring Charges 1,389 0 0
Total Operating Expenses 36,111 25,951 14,947
Operating Income (Loss) (30,955) (20,748) (8,034)
Finance expense, net 122 57 (26)
Gain on sale of HangXing 0 0 492
Loss before taxes on income (30,833) (20,691) (7,568)
Income tax benefit (expense) (156) 2,956 12,767
Net income (loss) from continuing operations (30,989) (17,735) 5,199
Loss from discontinued operations, net of income taxes 0 0 (1,948)
Gain on the sale of discontinued operations, net of income taxes 0 0 31,069
Noncontrolling Interest Share of Loss from Discontinued Operations 0 0 540
Net income (loss) (30,989) (17,735) 34,860
Net Income (Loss) Attributable to Noncontrolling Interest 1,275 1,024 549
Net Income (Loss) Attributable to Acorn Energy, Inc. Shareholders $ (29,714) $ (16,711) $ 35,409
From continuing operations $ (1.57) $ (0.93) $ 0.33
From discontinued operations $ 0.00 $ 0.00 $ 1.70
Basic net income (loss) per share attributable to Acorn Energy, Inc. shareholders $ (1.57) $ (0.93) $ 2.03
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. shareholders – basic 18,916 17,891 17,462
From continuing operations $ (1.57) $ (0.93) $ 0.32
From discontinued operations $ 0.00 $ 0.00 $ 1.67
Diluted net income (loss) per share attributable to Acorn Energy, Inc. shareholders $ (1.57) $ (0.93) $ 1.99
Weighted average number of shares outstanding attributable to Acorn Energy, Inc. shareholders – diluted 18,916 17,891 17,743
Dividends declared per common share $ 0.035 $ 0.140 $ 0.085