Acorn Energy

No financial debt, cash of 4.26 million at March 31, 2026, strong working capital, and positive operating cash flow of 2.09 million in 2025. We estimate TTM free cash flow near 1.6 million even after a 0.25 million strategic license payment in Q1 2026. Substantial NOLs and a partial valuation allowance provide tax flexibility.

The balance sheet can withstand downturns without capital raises under current scale.