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Interim report Q1 2023

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In the first quarter 2023, Acconeer's net sales amounted to kSEK 10,131. More than 20,000 modules and 116,000 sensors were sold. In total, Acconeer has sold 1,589,665 radar sensors and 134,979 modules since launch. In the quarter 303 evaluation kits were sold, and an accumulated 6,244 EVKs have been sold since launch. The gross margin in Q1 was 60% and six new customer products were launched.

CEO Lars Lindell comments: "The biggest news in Q1 2023 was that we could declare our A121 sensor ready for mass production, and customers can now buy it in volume from our distributors. Otherwise the quarter was weaker than expected, which is due to that our customers are reducing the inventories they built during the previous component shortage. After the end of the quarter, we were happy to receive an important design win in the automotive industry, with one of the world's largest car manufacturing companies."

FIRST QUARTER

  • Net sales for the first quarter amounted to kSEK 10,131 (10,121).
  • The gross margin on sales of goods was 60 (62)%.
  • Result after taxes amounted to kSEK -12,127 (-13,881).
  • Earnings per share before and after dilution was SEK -0,46 (-0,54).
  • The cash flow from operating activities was kSEK -9,732 (-11,125).

 

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

  • Acconeer received order from Digi-Key worth USD 100k.
  • Acconeer's pulsed coherent radar sensor A121 ready for mass production.
  • Acconeer launched first A121-based radar module – XM125 Entry+ Module.
  • Acconeer signed manufacturing agreement with leading semiconductor supplier.

 

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Acconeer signed distribution agreement with Korean TecAhead.
  • Acconeer received automotive design win with a forecasted value of USD 800k.

 

The interim report is attached to this press release and available through Acconeer's website: https://investor.acconeer.com/en/financial-reports/.

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 April 21, 2023, 07:30.

The following documents can be retrieved from beQuoted
Q1-report-2023.pdf
Acconeer-Q1 2023 ENG 230421.pdf

About Acconeer AB

With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Q1-report-2023.pdf
Acconeer-Q1 2023 ENG 230421.pdf

Q1-report-2023.pdf
Acconeer-Q1 2023 ENG 230421.pdf
2023-04-21

Acconeer receives automotive design win with a forecasted value of USD 800k

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Acconeer has received a design win for access control, which allows touchless opening of the trunk of a car using the A121 pulsed coherent radar sensor, with one of the world's leading multinational automotive manufacturing corporations. The forecasted value of the design win is estimated to USD 800k in the period 2024-2030. 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.

CEO Lars Lindell comments: "We are very happy to be able to announce an automotive design win with a new customer, this time with one of the top five automotive manufacturing corporations in the world. This shows that our progress is on track in the automotive industry, which we believe will be an important business area for us the coming years. It is also the first automotive design win for A121, which was recently launched."

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 April 18, 2023, 20.00.

 

The following documents can be retrieved from beQuoted
Acconeer-receives-automotive-design-win.pdf

About Acconeer AB

With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Acconeer-receives-automotive-design-win.pdf

Acconeer-receives-automotive-design-win.pdf
2023-04-18

Acconeer signs distribution agreement with Korean TecAhead

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Acconeer and South Korean TecAhead signs a distribution agreement for pulsed coherent radar sensors and modules serving the Korean market. The two companies already have a sales agreement in place, and with the new distribution agreement in place TecAhead will help strengthen Acconeer's position on the Korean market.

Magnus Gerward, head of Business Development comments: "We have worked with TecAhead as sales agents for a few years now, and they have brought in several customers and interesting business leads. It feels great to take the next step for even deeper collaboration and most of all better service to our Korean customers."

With offices in Seoul and Daejeon, TecAhead has since its foundation in 2011 successfully introduced innovative technologies needed for the customers and continues to provide technologies that will define the next decade.

For additional information, please contact:

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

Magnus Gerward, head of Business Development 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 18, 2023 10.00.

The following documents can be retrieved from beQuoted
Acconeer-signs-distribution-agreement-with-Korean-Tecahead.pdf

About Acconeer AB

With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Acconeer-signs-distribution-agreement-with-Korean-Tecahead.pdf

Acconeer-signs-distribution-agreement-with-Korean-Tecahead.pdf
2023-04-18

Acconeer signs manufacturing agreement with leading semiconductor supplier

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Acconeer has agreed with their semiconductor manufacturer to become a direct customer. As of today, all details are agreed upon and a contract has been signed by the two companies. The supplier is one of the world's leading semiconductor contract manufacturing companies, where Acconeer produces their semiconductor wafers.

CEO Lars Lindell comments: "This contract with one of our most important suppliers, and a leading actor in the semiconductor industry, means a deeper co-operation as well as more favorable wafer prices and substantially improved payment terms which will reduce the working capital necessary for Acconeer's rapid growth."

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 March 30, 2023, 09:50.

The following documents can be retrieved from beQuoted
Acconeer-signs-agreement-to-become-direct-customer-of-semico.pdf

About Acconeer AB

With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Acconeer-signs-agreement-to-become-direct-customer-of-semico.pdf

Acconeer-signs-agreement-to-become-direct-customer-of-semico.pdf
2023-03-30

Acconeer launches first A121-based radar module – XM125 Entry+ Module

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The previously announced XM125 Entry+ Module with ultra-low power consumption, outstanding system cost and solderable design has today been shipped to distributors and will be available for customers to buy in the next few days. It is the first module from Acconeer featuring the A121 Pulsed Coherent Radar sensor. An evaluation kit (EVK), XE125, making it possible for customers to evaluate and develop their XM125-based products is also delivered today.

Thanks to its small footprint and solderable design, the XM125 Entry+ Module is optimal for customers' integration into mass-produced solutions. In combination with the XE125 EVK, and support in reference applications and Exploration Tool, this enables smooth product development and short time-to-market.

Mikael Rosenhed, Head of Product Management, comments: "With the rich data from the A121 sensor, we have been able to write a module software that pushes performance and current consumption to the limits, and we are proud to say that this is our most power-efficient module to date without compromising on data quality or accuracy. We know that we have many customers waiting for the first A121-based module, and we are excited to see what innovative products they will create based on the XM125."

Acconeer's first module, the ARM Cortex M7-based XM112 High-Performance Module, was released in December 2018, allowing customers to evaluate their use cases on an embedded system with high performance. Since then, the module portfolio has been extended and with the release of the XM125 there will be a total of six modules available in three different segments: High-Performance Modules for customers who want high processing power, IoT Modules for use cases where built-in connectivity is needed and Entry Modules for lowest possible system cost.

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com
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 27, 2023 14.00.

The following documents can be retrieved from beQuoted
XM125-Entry-Module-now-launching.pdf

About Acconeer AB

With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
XM125-Entry-Module-now-launching.pdf

XM125-Entry-Module-now-launching.pdf
2023-03-27

Acconeer’s pulsed coherent radar sensor A121 ready for mass production

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As of today, Acconeer's latest radar sensor A121 is compliant with JEDEC and AEC-Q100 grade 2. This means that it is now ready for mass production and will be available for customers to buy through distributors by the end of March.

A121 has been tested against JEDEC JESD47 ("Stress-Test-Driven Qualification of Integrated Circuits") which is a global industry standard for ensuring component reliability. The tests consist of various stress-related tests, which include simulated long-term use (more than 10 years in normal use), resistance to cold, heat, voltage, humidity and electrostatic discharges.

Furthermore, the A121 has completed AEC-Q100 grade 2 qualification for integrated circuits in automotive applications. This specification has been established by the Automotive Electronics Council (AEC) to define qualification requirements and procedures for integrated circuits used in the automotive industry. An AEC – Q100 qualified device means that the device has passed the specified stress tests and guarantees a certain level of quality and reliability between -40°C and +105°C.

Mikael Rosenhed, Head of Product Management Acconeer, comments: "This is an important step for Acconeer as it means that we now can provide our best sensor yet to customers for mass production. The evaluation kit (EVK) for A121 has been available since summer 2022, and we have several customers who already have come far in their development of products using A121."

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 22, 2023, 07.30.

The following documents can be retrieved from beQuoted
A121-ready-for-mass-production.pdf

About Acconeer AB

With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
A121-ready-for-mass-production.pdf

A121-ready-for-mass-production.pdf
2023-03-22

Year-end report January 1 – December 31 2022

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In the fourth quarter 2022, Acconeer's net sales amounted to 13,859 kSEK, and the product revenue increased by 74% compared to the same quarter last year. A record number of sensors were sold, 264,783 and 14,140 modules were sold. In total, Acconeer has sold 1,473,379 radar sensors and 114,892 modules since launch. In the quarter 346 evaluation kits were sold, and an accumulated 5,941 EVKs have been sold since launch. The gross margin in Q4 was 56% and 10 new customer products were launched.

CEO Lars Lindell comments: "It feels good to be able to say that we made yet another strong quarter, as the fourth quarter 2022 was the eleventh consecutive quarter of growing revenue."

 

FOURTH QUARTER

  • Net sales for the fourth quarter amounted to kSEK 13,859 (8,110) TSEK.
  • The gross margin on sales of goods was 56 (72) %.
  • Result after taxes amounted to kSEK-10,428 (-17,257).
  • Earnings per share before and after dilution was SEK -0.40 (-0.74).
  • The cash flow from operating activities was kSEK -6,973 (-14,013).

 

FULL YEAR

  • Net sales for nine months amounted to kSEK 46,825 (31,157).
  • The gross margin on sales of goods was 59 (71) %.
  • Result after taxes amounted to kSEK-47,154 (-51,138).
  • Earnings per share before and after dilution was SEK -1.81 (-2.19) SEK.
  • The cash flow from operating activities was kSEK -36,220 (-39,999).
  • Cash and cash equivalents on the balance sheet date amounted to kSEK 89,883 (156,858).

 

SIGNIFICANT EVENTS DURING THE FOURTH QUARTER

  • Acconeer develops module based on the new A121 pulsed coherent radar sensor.
  • Acconeer and three major WiGig stakeholders submit joint regulation proposal to FCC.

 

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Acconeer received order from Digi-Key worth USD 100k.

 

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

 

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 17, 2023, 07:30.

The following documents can be retrieved from beQuoted
Acconeer-Q4-2022 en.pdf
Acconeer-Q4 2022 ENG.pdf

About Acconeer AB

With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Acconeer-Q4-2022 en.pdf
Acconeer-Q4 2022 ENG.pdf

Acconeer-Q4-2022 en.pdf
Acconeer-Q4 2022 ENG.pdf
2023-02-17

Acconeer receives order from Digi-Key worth USD 100k

By

The order relates to the new A121 Pulsed Coherent Radar sensor for mass production, as well as the first A121-based module, the integration-ready XM125 and its related evaluation kit (EVK) XE125. The products will be available to purchase online from end of March. Digi-Keys global online platform, serving customers with evaluation kits and sensors intended for mass production, remains an important distribution channel for Acconeer.

CEO Lars Lindell comments: "The evaluation kit for A121 has been available since last summer, and we know that many customers have started developing their A121-based products. Now we are about to release the first A121-based module, which we know many customers have been waiting for, and we look forward to seeing what innovative products and use cases it will be used in."

In addition to publicly announced orders, Acconeer continuously receives orders of smaller amounts which are not publicly announced as they are not considered to affect the share price.

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 09, 2023, 10.45.

The following documents can be retrieved from beQuoted
Acconeer-receives-order-from-Digi-Key-230209.pdf

About Acconeer AB

With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Acconeer-receives-order-from-Digi-Key-230209.pdf

Acconeer-receives-order-from-Digi-Key-230209.pdf
2023-02-09

Acconeer and three major WiGig stakeholders submit joint regulation proposal to FCC

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Acconeer has agreed with three large global tech companies about a joint proposal to the Federal Communications Commission (FCC) for new regulations of the 60GHz frequency band in the US. The proposal makes it possible for Acconeer's and other mmWave radar technologies to co-exist with WiGig in the 60GHz band. The submitted proposal can be read at FCC's website.

WiGig, also known as 60 GHz Wi-Fi, is a communication protocol that shares the same unlicensed frequency band as Acconeer's Pulsed Coherent Radar as well as other mmWave technologies. The FCC is currently working on new regulations for the 60GHz frequency band, which will be important for Acconeer's activities on the American market and open up for new innovative applications. With new regulations in place, future certifications will also be less complicated and time-consuming for customers.

CEO Lars Lindell comments: "We see this agreement with the WiGig companies about a co-existence proposal as an important step towards US regulation that is beneficial for Acconeer, our customers, and the American public."

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 November 14, 2022, 16:15.

 

The following documents can be retrieved from beQuoted
Acconeer-agrees-with-major-stakeholders-about-proposal-to-FC.pdf

About Acconeer AB

With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Acconeer-agrees-with-major-stakeholders-about-proposal-to-FC.pdf

Acconeer-agrees-with-major-stakeholders-about-proposal-to-FC.pdf
2022-11-14

Interim report Q3 2022

By

In the third quarter 2022, Acconeer's net sales amounted to 12,066 kSEK, and the product revenue increased by 62% compared to the same quarter last year. A record number of sensors were sold, 185,419 and 21,116 modules were sold. In total, Acconeer has sold 1,208,596 radar sensors and 100,752 modules since launch. In the quarter 332 evaluation kits were sold, and an accumulated 5,595 EVKs have been sold since launch. The gross margin in Q3 was 58% and as much as 11 new customer products were launched.

 CEO Lars Lindell comments: "The biggest news in Q3 were the great accomplishments in the automotive industry where we saw the first launched car that uses our radar sensor."

 

THIRD QUARTER

  • Net sales for the third quarter amounted to kSEK 12,066 (7,859).
  • The gross margin on sales of goods was 58 (70)%.
  • Result after taxes amounted to kSEK-10,648 (-10,309).
  • Earnings per share before and after dilution was SEK -0.40 (-0.44).
  • The cash flow from operating activities was kSEK -8,094 (-7,673).

JANUARY-SEPTEMBER

  • Net sales for nine months amounted to kSEK 32,966 (23,047).
  • The gross margin on sales of goods was 60 (71) %.
  • Result after taxes amounted to kSEK-36,726 (-33,881).
  • Earnings per share before and after dilution was SEK -1.55 (-1.45).
  • The cash flow from operating activities was kSEK -29,247 (-25,973).
  • Cash and cash equivalents on the balance sheet date amounted to kSEK 112,649 (47,849).

SIGNIFICANT EVENTS DURING THE THIRD QUARTER

  • Acconeer received order from BEYD worth USD 300k.
  • First car using Acconeers A1 radar sensor launched.

 

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Acconeer develops module based on the new A121 pulsed coherent radar sensor.

 

The interim report is attached to this press release and available through Acconeer's website: https://investor.acconeer.com/en/financial-reports/.

 

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 October 28, 2022, 07:30.

The following documents can be retrieved from beQuoted
Acconeer-Q3 en 2022-10-28.pdf
Acconeer-Q3 2022 ENG 221028.pdf

About Acconeer AB

With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Acconeer-Q3 en 2022-10-28.pdf
Acconeer-Q3 2022 ENG 221028.pdf

Acconeer-Q3 en 2022-10-28.pdf
Acconeer-Q3 2022 ENG 221028.pdf
2022-10-28