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.

CEO Lars Lindell comments: "We are happy for yet another strong quarter, which also came with several very good news. We became a direct customer of our semiconductor wafer supplier, which gives us favorable wafer prices and payment terms. Shortly after the end of Q1 we could celebrate the launch of a social robot with one of the large global actors within the consumer electronics segment."

FIRST QUARTER

• Net sales for the first quarter amounted to kSEK 10,121 (7,545).
• The gross margin on sales of goods was 62 (74)%.
• Result after taxes amounted to kSEK-13,881 (-11,876).
• Earnings per share before and after dilution was SEK – 0.54 (-0.51) SEK.
• The cash flow from operating activities was kSEK -11,125 (-8,898).

 

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

• Acconeer received an order from Glyn worth USD 58,500.
• Acconeer received two orders worth in total USD 260,000.
• Acconeer becomes direct customer of GlobalFoundries.
• Acconeer received an order from Nexty worth USD 245,000.

 

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

• Acconeer's A1 radar sensor in robot from large global Japanese consumer electronics company.

 

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 22, 2022, 07:30.

The following documents can be retrieved from beQuoted
Acconeer-Q1-2022-en-220422.pdf
Acconeer-Q1 2022 ENG 20220421.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) and can be contacted via telephone +46(0)8 121 576 90 or via e-mail certifiedadviser@redeye.se. For more information: www.acconeer.com.

In Q1 2021, Acconeers net sales amounted to 7 545 kSEK, the gross margin was 74% and five new customer products were launched. In Q1 399 evaluation kits were sold, and an accumulated 3 516 EVK has been sold since launch. The company sold 4 024 modules in Q1, and since launch a total of 9 701 modules have been sold. In total Acconeer has sold 324 212 sensors, out of which 74 881 were sold in Q1 2021.

CEO Lars Lindell comments: "The substantial revenue increase in the quarter is to a large extent thanks to the development agreement made with Alps Alpine, but we are happy to see that increased product sales are also contributing to the growth."

FIRST QUARTER

• Net sales for the first quarter amounted to kSEK 7,545 (2,150).
• The Gross margin on sales of goods was 74 (59) %.
• Result after taxes amounted to kSEK -11 876 (-17 701).
• Earnings per share before and after dilution was SEK -0.51 (-0.92).
• The cash flow from operating activities was kSEK -8 898 (-14,810).

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

• Sweden's Innovation Agency granted Acconeer 4 million SEK for a research project on sleep monitoring with Sleepiz and the University of Gothenburg.
• Acconeer received order from Digi-Key worth USD 47,000.
• Acconeer received order from Glyn Limited worth USD 156,000.
• Acconeer received order from CODICO worth USD 96,000.
• Acconeer and Alps Alpine signed a joint development agreement of Next-Generation Sensing Technology.
• A distribution agreement was signed with Mouser Electronics and the first order received.
• It is the company's assessment that the effects of Covid-19 will have a limited impact of operations in 2021. We expect no impact on either the development side or the manufacture of sensors, while the manufacture of modules will be affected by a global shortage on processors that have arisen in connection with Covid-19. Regarding demand for the company's products we expect further delays in customer projects, fewer start-up projects and that our customers' production rate will be affected by the lack of processors.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

• Acconeer announced A121 pulsed coherent radar sensor, new high-performance product in A1 family.

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 23, 2021, 15:30.

The following documents can be retrieved from beQuoted
Acconeer-Q1-2021-correction.pdf
Acconeer-Q1-2021 eng.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

CEO Lars Lindell comments: "The substantial revenue increase in the quarter is to a large extent thanks to the development agreement made with Alps Alpine, but we are happy to see that increased product sales are also contributing to the growth."

FIRST QUARTER

• Net sales for the first quarter amounted to kSEK 7,545 (2,150).
• The Gross margin on sales of goods was 74 (59) %.
• Result after taxes amounted to kSEK -11 876 (-17 701).
• Earnings per share before and after dilution was SEK -0.51 (-0.92).
• The cash flow from operating activities was kSEK -8 898 (-14,810).

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

• Sweden's Innovation Agency granted Acconeer 4 million SEK for a research project on sleep monitoring with Sleepiz and the University of Gothenburg.
• Acconeer received order from Digi-Key worth USD 47,000.
• Acconeer received order from Glyn Limited worth USD 156,000.
• Acconeer received order from CODICO worth USD 96,000.
• Acconeer and Alps Alpine signed a joint development agreement of Next-Generation Sensing Technology.
• A distribution agreement was signed with Mouser Electronics and the first order received.
• It is the company's assessment that the effects of Covid-19 will have a limited impact of operations in 2021. We expect no impact on either the development side or the manufacture of sensors, while the manufacture of modules will be affected by a global shortage on processors that have arisen in connection with Covid-19. Regarding demand for the company's products we expect further delays in customer projects, fewer start-up projects and that our customers' production rate will be affected by the lack of processors.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

• Acconeer announced A121 pulsed coherent radar sensor, new high-performance product in A1 family.

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 23, 2021, 07:30.

The following documents can be retrieved from beQuoted
Acconeer-Q1-result-2021 210423.pdf
Acconeer-Q1-2021 eng.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

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