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.

CEO Lars Lindell comments: "It feels great to be able to say that we sold more than 10,000 modules in Q3, which is almost as many as the total accumulated sales before the quarter, and this despite the global shortage of critical components which led to that we were unable to deliver on all purchase orders."

THIRD QUARTER

• Net sales for the third quarter amounted to kSEK 7,859 (2,780).
• The Gross margin on sales of goods was 70 (65)%.
• Result after taxes amounted to kSEK-10,309 (-12,325).
• Earnings per share before and after dilution was SEK -0.44 (-0.53).
• The cash flow from operating activities was kSEK -7,673 (-9,339).

JANUARY – SEPTEMBER

• Net sales for the nine months period amounted to kSEK 23,047 (6,549).
• The Gross margin on sales of goods was 71 (50)%.
• Result after taxes amounted to kSEK -33,881 (-46,861)
• Earnings per share before and after dilution was SEK -1.45 (-2.20)
• The cash flow from operating activities was kSEK -25,973 (-38,068).
• Cash and cash equivalents on the balance sheet date amounted to kSEK 47,849 (95,611).

SIGNIFICANT EVENTS DURING THE THIRD QUARTER

• Acconeer receives orders from Asteelflash with a total value of USD 161,000.
• Acconeer develops new smaller Entry Module targeting presence use case.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

• Acconeer receives order from CODICO worth USD 91,000.
• Acconeer receives order from Digi-Key worth USD 59,000.

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 29, 2021, 07:30.

The following documents can be retrieved from beQuoted
Acconeer-Q3-result-211029.pdf
Acconeer-Q3-2021 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@redeye.se. For more information: www.acconeer.com.

Lars Lindell, CEO Acconeer, comments: "During the third quarter we have worked together with Alps Alpine to define the next generation radar sensor, A2, to be able to convert the MOU established earlier this year into a signed contract during Q4 2020."

THIRD QUARTER 1 JULY- 30 SEPTEMBER 2020

• Net sales for the third quarter amounted to kSEK 2,780 (1,693).
• The Gross margin was 52 (109)%.
• Result after taxes amounted to kSEK -12,325 (-15,476)
• Earnings per share before and after dilution was SEK -0.53 (-0.79).
• The cash flow from operating activities was kSEK -9,338 (-12,594).
• Cash and cash equivalents including short term deposits at the balance date amounted to kSEK 95,611 (93,812).

JANUARY- SEPTEMBER 2020

• Net sales for the nine months period amounted to kSEK 6,549 (3,679).
• The Gross margin was 56 (59)%.
• Result after taxes amounted to kSEK -46,861 (-49,074).
• Earnings per share before and after dilution was SEK -2.20 (-2.55).
• The cash flow from operating activities was kSEK -38,068 (-41,178).

SIGNIFICANT EVENTS DURING THE THIRD QUARTER

• Acconeer received an order from Digi-Key worth USD 52,000.
• Acconeer received an order from BEYD worth USD 164,000 USD.
• Björn Bengtsson was appointed as new CFO at Acconeer.
• Acconeer signed a purchase agreement with Future Electronics.
• Acconeer has shipped more than 200 000 A1 radar sensors since the company started selling evaluation kits.
• It is the company's assessment that the effects of Covid-19 will have a limited impact on operations in 2020. No impact is seen on either the development or the manufacturing side. With regard to demand for the company's products, it is likely that some customer projects will be delayed, but the assessment is that this is within the uncertainty margin that always exists.

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 October 27, 2020 09.00.

The following documents can be retrieved from beQuoted
Acconeer-Q3-Interim-Report 201027.pdf
AcconeerInterim-Report-Q3-2020.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