CEO Lars Lindell comments: "The most important news in the second quarter was that we delivered evaluation kits for our new radar sensor A121 to distributors, who have since started selling it to customers for evaluation and product development. Now we look forward to seeing how it will be received by the market. In addition, we once again had a strong quarter, with a new record for the number of sensors sold and as many as 12 new customer launches."

 

SECOND QUARTER

• Net sales for the second quarter amounted to kSEK 10,779 (7,643).
• The gross margin on sales of goods was 62 (72)%.
• Result after taxes amounted to kSEK-12,197 (-11,695).
• Earnings per share before and after dilution was SEK -0.47 (-0.50) SEK.
• The cash flow from operating activities was kSEK -10,028 (-9,402).

 

FIRST SIX MONTHS

• Net sales for the first six months amounted to kSEK 20,900 (15,188) .
• The gross margin on sales of goods was 62 (73)%.
• Result after taxes amounted to kSEK-26,078 (-23,571).
• Earnings per share before and after dilution was SEK -1.01 (-1.01).
• The cash flow from operating activities was kSEK -21,153 (-18,300).
• Cash and cash equivalents on the balance sheet date amounted to kSEK 117,941 (57,613)

 

SIGNIFICANT EVENTS DURING THE SECOND QUARTER

• Acconeers A1 radar sensor in robot from large global Japanese consumer electronics company.
• Acconeer received order from Nexty worth USD 147k.
• New module variants designed to solve component shortage for modules was announced.
• Acconeers management team members purchased shares through the exercise of the companys warrant program 2019/2022.
• Acconeer received order from Digi-Key worth USD 400k.
• Acconeer received order from Asteelflash worth USD 280k.
• Acconeer receives order from Nexty worth USD 335k.
• Launch of Evaluation Kit for A121 – new pulsed coherent radar sensor in A1 product family.

 

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

• Acconeer receives order from BEYD worth USD 300k.

The interim report is attached to this press release and available through Acconeers 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 July 22, 2022 07:30.

The following documents can be retrieved from beQuoted
Acconeer-Q2-2022-en-220722.pdf
Acconeer-Q2-result 2022 ENG 220721.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 companys 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.

CEO Lars Lindell comments: "We are happy to see a new record in the number of radar sensors sold and also in the number of launched customer products during one quarter. Just like in Q1 we see a strong result in Q2, despite that our module sale has been affected by component shortage, where we haven't been able to deliver on all orders."

SECOND QUARTER

• Net sales for the second quarter amounted to kSEK 7,643 (1,619).
• The Gross margin on sales of goods was 72 (59) %.
• Result after taxes amounted to kSEK -11,695 (-16,836).
• Earnings per share before and after dilution was SEK -0,50 (-0,79).
• The cash flow from operating activities was kSEK -9,402 (-13,920).

SIX MONTHS PERIOD

• Net sales for the six months period amounted to kSEK 15,188 (3,769).
• The Gross margin on sales of goods was 73 (59) %.
• Result after taxes amounted to kSEK -23,571 (-34,536).
• Earnings per share before and after dilution was SEK -1.01 (-1.70).
• The cash flow from operating activities was kSEK -18,300 (-28,729).
• Cash and cash equivalents on the balance sheet date amounted to kSEK 57,613 (109,172).

SIGNIFICANT EVENTS DURING THE SECOND QUARTER

• Acconeer announced A121 pulsed coherent radar sensor, new high-performance product in A1 family.
• A distribution agreement focusing on the automotive industry was signed with Japanese NEXTY Electronics.
• Acconeer receives order from CODICO worth USD 125,000.
• The annual general meeting was held on 27 April 2021, for the 2020 fiscal year.
• It is the company's assessment that the effects of Covid-19 will have a limited impact on 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.

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 July 23, 2021 07.30.

The following documents can be retrieved from beQuoted
Acconeer-Q2-result-2021 210723.pdf
Acconeer-Q2-2021 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) and can be contacted via telephone +46(0)8 121 576 90 or via e-mail certifiedadviser@redey.se.

SECOND QUARTER 1 APRIL – 30 JUNE 2020

• Net sales for the second quarter amounted to kSEK 1,619 (1,436).
• The Gross margin was 59 (6)%.
• Result after taxes amounted to kSEK -16,836 (-17,607).
• Earnings per share before and after dilution was SEK -0.79 (-0.92)
• The cash flow from operating activities was kSEK -13,920 (-15,467).

SIX MONTHS PERIOD

• Net sales for the six months period amounted to kSEK 3,769 (1,986).
• The Gross margin was 59 (15)%.
• Result after taxes amounted to kSEK -34,536 (-33,598).
• Earnings per share before and after dilution was SEK -1.70 (-1.76).
• The cash flow from operating activities was kSEK -28,729 (-28,584).
• Cash and cash equivalents including short term deposits at the balance date amounted to kSEK 109,172 (110,460).

SIGNIFICANT EVENTS DURING THE SECOND QUARTER

• Acconeer received two orders from Digi-Key worth USD 29,000 and 30,000.
• Acconeer AB held its Annual General Meeting on 14 April 2019. Thomas Rex was elected as new Chairman of the Board.
• Acconeer and Alps Alpine signed an MoU agreement on a joint development agreement regarding the next generation of sensor technology.
• Acconeer completed a directed new share issue of 4,062,000 new shares, raising proceeds of approximately SEK 65 million.
• Distributor agreement with Restar was extended to include the Americas.
• An order from Taiwanese Chip Power worth USD 28,400 was received.
• AEC – Q100 grade 3 qualification of the A1 radar sensor for the automotive industry was completed
• Acconeer received ISO certification for quality and environmental management system
• It is the company's assessment that the effects of Covid-19 will have a limited impact on operations in 2020.

"The big news in the second quarter is our agreements with Alps Alpine, which will contribute SEK 100 million to the development of the next generation radar system.", 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/en/financial-reports/

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 July 24, 2020 at 09.00.

The following documents can be retrieved from beQuoted
Acconeer-Q2-2020 eng.pdf
Acconeer interim report Q2 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