Skip to main content

Acconeer receives order from Digi-Key worth USD 29 500

By

The order relates to the XM112 High Performance Module, and correlating connector board and lens kit. Digi-Key's global online platform, serving both global players as well as smaller local niche producers, remains an important distribution channel for Acconeer.

Lars Lindell, CEO Acconeer, comments: "This order confirms the continued high demand we see for our evaluation kits (EVK), which is a first step towards future customer launches."

For additional information, please contact:
Lars Lindell, Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on April 17, 2020 10.00.

The following documents can be retrieved from beQuoted
Acconeer-receives-order-from-DigiKey 200417.pdf

About Acconeer AB

Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail certifiedadviser@redeye.se. For more information: www.acconeer.com

INTERIM REPORT Q1 2020

By

FIRST QUARTER 1 JANUARY – 31 MARCH 2020

  • Net sales for the full year amounted to kSEK 2,150 (550).
  • Gross margin amounted to 59 % (40%).
  • Result after taxes amounted to kSEK -17,701 (-15,991).
  • Earnings per share before and after dilution was SEK -0,92 (-0,84).
  • The cash flow from operating activities kSEK -14,810 (-13,117).
  • Cash at the balance date amounted to kSEK 61,864 (121,724).

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

  • Acconeer received an order from Glyn Limited worth USD 12,800.
  •  Acconeer received an order from Digi-Key worth USD 15,100.
  • Acconeer received an order from CODICO worth USD 62,700.
  • The company announced that they have shipped more than 100,000 A!radar sensors.
  • Acconeer received an order from a European customer worth USD 14,700.
  •  It was announced that the company is planning to develop integration-ready Entry Module with low system cost.
  •  Acconeer was awarded three design wins by Alp Alpine for presence detection in cars to a European premium car manufacturer. The estimated potential value of these design wins is SEK 90-120 million over three years starting in 2022.
  • It is the company's assessment that the effects of Covid-19 will have a limited impact on operations in 2020.

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

  •   Acconeer AB held its Annual General Meeting on 14 April 2020. Thomas Rex was elected as new Chairman of the Board.

 

"Despite a very turbulent time, our revenue grew during Q1", says Lars Lindell, CEO Acconeer.

 

The year-end report is attached to this press release and available through Acconeer's website: https://investor.acconeer.com/se/finansiella-rapporter/

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on April 17 2020 at 09.00.

For additional information, please contact:

Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, Mail: ir@acconeer.com

The following documents can be retrieved from beQuoted
Acconeer-Pressrelease-2020-04-17-eng.pdf
Acconeer-Interim-Report-Q1-2020.pdf

About Acconeer AB

Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail certifiedadviser@redeye.se. For more information: www.acconeer.com

Acconeer’s revenue was 210 k USD during first quarter 2020

By

Ahead of Acconeer's annual general meeting (AGM), which starts 14 April 17.30, previously unpublished figures for three important parameters are published:

  • Revenue – Acconeer's revenue was 210 000 USD during the first quarter 2020, which is a growth with 16% compared to the previous quarter and 284% compared to the first quarter 2019.
  • Number of sold evaluation kits (EVKs) – During the first quarter 2020 Acconeer sold 358 EVKs.
  • Customer launches – the total number of customer launches with Acconeer's radar is after the first quarter 2020 in total 17. This is a growth with three compared to the previous quarter.

As previously communicated, CEO's speech will be recorded and made available at www.acconeer.com, instead of being held at the AGM itself. For more information about this and other precautions around the AGM, see press release from March 20.

For additional information, please contact:
Lars Lindell, Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on April 09, 2020 08.00.

The following documents can be retrieved from beQuoted
Acconeer-press-release-200409.pdf

About Acconeer AB

Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail certifiedadviser@redeye.se. For more information: www.acconeer.com

Acconeer awarded three design wins by ALPS ALPINE for presence detection in cars to a European premium car manufacturer

By

The radar technology company Acconeer AB has been chosen by ALPS ALPINE to deliver radar sensors for the use case presence detection in cars to a European premium car manufacturer. Acconeer estimates the total potential value of the design wins to US$ 9-12 million over three years starting in 2022. By "design win" Acconeer refers to that the company's radar sensor has been selected for use in a customer product, but it is not equivalent to that an order has been placed.

These are the first design wins in this area for Acconeer. ALPS ALPINE is a world-leading manufacturer of electronic components, modules, and systems for cars.

Acconeer's unique ultra-low power and high precision radar sensor will be included in several of ALPS ALPINE's products serving different use cases. The new design wins announced today are for the use case presence detection, which is driven by industry standards such as European and Australasian New Car Assessment Programs (Euro NCAP and ANCAP). They provide consumers with independent information on the level of safety offered by vehicles in the event of a severe accident. In other geographies, demand for sensor technology will be driven by legislation such as the US "Hot Cars Act".

Lars Lindell, CEO of Acconeer, comments: "We have teamed up with ALPS ALPINE for a couple of years, and we are very pleased that they have managed to win business in this important lifesaving use case. We look forward to many more design wins in the future."

For additional information, please contact:

Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, Mail: ir@acconeer.com

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on 31 March 2020 at 18.00.

The following documents can be retrieved from beQuoted
Acconeer-awarded-three-design-wins-by-ALPS-ALPINE 200331.pdf

About Acconeer AB

Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail certifiedadviser@redeye.se. For more information: www.acconeer.com

Acconeer develops integration-ready Entry Module with low system cost

By

The planned Entry Module, XM132, will be power and cost-efficient with optimized performance for a range of pre-defined use cases. It will be released during the second half of 2020, to complement Acconeer's module offering, which currently consists of the XM112 High-Performance Module and XM122 IoT Module. With XM132, Acconeer takes the next step in providing a module designed for smooth integration into customer products.

With a solderable design combining an ARM Cortex M0 microcontroller unit (MCU) with the A111 radar sensor, the XM132 Entry Module enables radar-based use cases with ultra-low power consumption at an outstanding system cost. To optimize performance, the module will be provided with software tailored for specific use cases. This way, performance requirements can be met at a more efficient cost for customers implementing these selected focus use cases.

"By combining our A111 radar sensor with an M0 MCU, we can provide a product designed to meet commercial sensor module integration requirements, with a shorter time-to-market for customers. To get the best possible performance on a small and cost-efficient system like the ARM Cortex M0 MCU, we will provide dedicated software optimized for this platform. The module SW will come in different versions targeting some of our most common customer use cases fit for integration on a M0-based system," says Mikael Rosenhed, Acconeer's Head of Product Management.

The ARM Cortex M7-based XM112 High-Performance Module was released in December 2018, to let customers evaluate their use cases on an embedded system with high performance. In October 2019, the XM122 IoT Module was launched targeting connected battery-powered use cases, combining the A111 radar sensor with an ARM Cortex M4 MCU and integrated connectivity such as Bluetooth. Both modules have been very well received by the market, opening up new business segments, which is why Acconeer has decided to take the next step and complement the product offering with the XM132 Entry Module.

For additional information, please contact:
Mikael Rosenhed, Head of Product Management, Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on March 18, 2020 16.00.

The following documents can be retrieved from beQuoted
Acconeer-develops-integration-ready-Entry-Module 200318.pdf

About Acconeer AB

Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail certifiedadviser@redeye.se. For more information: www.acconeer.com

Acconeer receives an order from a European customer worth USD 14 700

By

The order relates to Acconeer's A111 radar sensor, for production of the customer's IoT solution.

Lars Lindell, CEO Acconeer, comments: "About two years after launch, we see another order confirming that our customers now are ready to start mass-production of systems containing our A111 radar sensor."

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, Mail: ir@acconeer.com

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on March 10, 2020 10.00.

The following documents can be retrieved from beQuoted
Acconeer-receives-order-from-European-customer 20200310.pdf

About Acconeer AB

Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail certifiedadviser@redeye.se. For more information: www.acconeer.com

Acconeer has shipped more than 100 000 A1 radar sensors

By

In February 2020, 24 months after the company started selling Evaluation Kits (EVKs) at Digi-Key, Acconeer AB has shipped more than 100 000 A1 radar sensors to distributors and customers.

Lars Lindell, CEO Acconeer, comments: "Having shipped 100 000 sensors in an important milestone for us as a company. Currently, our revenue split is about 75/25, where 75-80% of our revenue comes from the A1 radar sensor, and 20-25% comes from sales of EVKs.

We have for a long time stated that 12-24 months after the sale of EVK we expect to see customer launches, and now we can confirm that this results in volume sales. The lead time from EVK sales to customer launch varies significantly depending on the business segment. The automotive industry, for example, has a long time to market. Two years ago, less than 50 EVKs had been sold, and none of the 14 customers who have launched up until today had bought an EVK in February 2018."

In the coming 24 months, Acconeer expects that existing customers will increase their volume, the customer base will grow substantially, and the company will see larger customers launching their products.

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on February 28, 2020 13.30.

The following documents can be retrieved from beQuoted
Acconeer-has-shipped-more-than-100-000-radar-sensors.pdf

About Acconeer AB

Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail certifiedadviser@redeye.se. For more information: www.acconeer.com

Acconeer receives an order from CODICO worth USD 62 700

By

The order relates to Acconeer's A111 radar sensor for a European customer. CODICO GmbH is a leading European distributor, headquartered in Vienna, Austria.

Lars Lindell, CEO Acconeer, comments: "This order is the first high-volume order from CODICO, and it proves the progress we've had in Europe since we signed the distributor agreement with them last year."

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, Mail: ir@acconeer.com

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on February 26, 2020 10.00.

The following documents can be retrieved from beQuoted
Acconeer-receives-order-from-CODICO 200226.pdf

About Acconeer AB

Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail certifiedadviser@redeye.se. For more information: www.acconeer.com

Acconeer receives an order from Digi-Key worth USD 15 100

By

The order relates to Acconeer's XM122 IoT Module, a low power connected radar module with an optimized circular form factor. Digi-Key's global online platform, serving both global players as well as smaller local niche producers, remains an important distribution channel for Acconeer.

Lars Lindell, CEO Acconeer, comments: "This order confirms the continued high demand we see for our XM122 IoT Module, which is optimized for connected use cases with tough requirements on size, memory and power consumption."

For additional information, please contact:

Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, Mail: ir@acconeer.com

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on February 25, 2020 10.00.

The following documents can be retrieved from beQuoted
Acconeer-receives-order-from-DigiKey 200225.pdf

About Acconeer AB

Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail certifiedadviser@redeye.se. For more information: www.acconeer.com

YEAR-END REPORT 1 JANUARY – 31 DECEMBER 2019

By

FOURTH QUARTER 1 OCTOBER – 31 DECEMBER 2019

· Net sales for the fourth quarter amounted to kSEK 1,829 (442).

· Result after taxes amounted to kSEK -19,465 (-15,112).

· Earnings per share was SEK -1,01 (-0.79).

· The cash flow from operating activities after changes in working capital was kSEK -15,641 (-16,560).

FULL YEAR 1 JANUARY – 31 DECEMBER 2019

· Net sales for the full year amounted to kSEK 5,508 (953).

· Result after taxes amounted to kSEK -68,569 (-39,079).

· Earnings per share was SEK -3,58 (-2,05).

· The cash flow from operating activities after changes in working capital was kSEK -60,701 (-45,935).

· Cash and cash equivalents including short term deposits at the balance date amounted to kSEK 77,954 (136,214).

· Gross margin amounted to 61 %.

SIGNIFICANT EVENTS DURING THE QUARTER

· Acconeer published two new focus use cases within presence detection.

· Acconeer received orders from BEYD worth USD 139,888.

· Orders from Digi-Key worth USD 47,748 were received.

· Acconeer received an order from Japanese Restar Electronics Corporation worth USD 108,570.

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

· Acconeer received an order from Glyn Limited worth USD 12,800.

· Thomas Rex proposed as new Chairman of Acconeer AB

"We have identified several customer projects with the potential of generating large increases in revenue so we intend to at least double the capacity to support and run customer projects in 2020.", says Lars Lindell, CEO Acconeer.

The year-end report is attached to this press release and available through Acconeer's website: https://investor.acconeer.com/se/finansiella-rapporter/

For additional information, please contact:

Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, Mail: ir@acconeer.com

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on February 20 2020 at 09.00.

The following documents can be retrieved from beQuoted
Acconeer-Q4-2020-02-20-Eng.pdf
Year-end-report-January-December-2019.pdf

About Acconeer AB

Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail certifiedadviser@redeye.se. For more information: www.acconeer.com