The paper presents a method of adaptation of the original second order Prony’s method for applications in lowcost digital measurement systems with low computing performance. The presented method can be used in measuring systems where it is important to obtain in real time the values of amplitude, frequency, initial phase and damping coefficient of a single sinusoidal component of an analysed signal. The paper presents optimized, in terms of the number of mathematical operations, implementation of the method in selected embedded devices as well as the calculation times of the method for each platform.