Acorn, Provider of Remote Industrial Monitoring and Control, IoT Solutions, Reports Revenue Growth in Q4 and Fiscal Year 2022
“Though some economic uncertainties persist, 3G sunsetting, which negatively impacted our high-margin monitoring revenue growth in 2022, is behind us.
- “Though some economic uncertainties persist, 3G sunsetting, which negatively impacted our high-margin monitoring revenue growth in 2022, is behind us.
- In fact, in Q4, our monitoring revenue was essentially flat versus Q4’21, after being down in each of the first three quarters of 2022.
- We expect monitoring revenue growth to return and align with historical growth trends in 2023, which we benchmark at greater than 20%.
- In fact, I’m very bullish that our overall growth, which we define as cash-basis revenue growth, will also exceed this target.