Acorn Energy Inc., an energy technology holding company, reported second revenues of $7.8 million, up 116 percent from the previous quarter.
The Montchanin company reported $3.5 million in gross profit, which is an increase of 238 percent. The company cited increased revenues at CoaLogix, which saw increased market penetration and a plant expansion in the fourth quarter of 2008, as the biggest driver of revenue growth.
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