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Acconeer publishes annual report for 2022

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Acconeer AB's annual report for 2022 is from today available on the company's website, investor.acconeer.com.

In order to reduce environmental impact and cost, Acconeer AB will not print the annual report for general distribution. A printed version of the report can be distributed to shareholders upon request.

As previously communicated, the Annual General Meeting will be held on Thursday, 27 April 2023. More information will be included in the notice convening the AGM.

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

The following documents can be retrieved from beQuoted
Acconeer-publishes-annual-report-for-2022.pdf
Acconeer-Annual-Report-2022 20230323.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.

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.

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.

Acconeer receives order from Digi-Key worth USD 100k

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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.

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.

Interim report Q3 2022

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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.

Acconeer among Sweden’s 50 fastest growing tech companies according to Deloitte

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Acconeer is among the 50 Swedish companies qualified for Deloitte's list Sweden Technology Fast 50. Every year, Deloitte lists the 50 fastest growing tech companies in Sweden. Which ranking Acconeer has among the 50 will be announced in November.

CEO Lars Lindell comments: "We are of course very happy to be among the 50 fastest growing Swedish tech companies. We are well aware that we are growing at a high pace, and now we look forward to getting to know how we compare to the other companies on the list. We see this as a confirmation that we are heading in the right direction at a competitive pace."

For additional information, please contact:

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

The following documents can be retrieved from beQuoted
Acconeer-among-50-fastest-growing-Swedish-tech-companies-acc.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.

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

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The new module – which will be the first to integrate the new A121 radar sensor – will be called XM125 Entry+ Module. It will have ultra-low power consumption, outstanding system cost and solderable design for optimized integration into mass-produced solutions. The module is planned to be available for customers in Q1 2023.

The XM125 Entry+ Module will have the same form factor as the previously released Entry+ Modules XM123 and XM124, with a footprint of only 15×18,6 mm which is the new standard for modules featuring the A1 sensor family including both A111 and A121. XM125 can be delivered in tape-and-reel format which makes it easy for customers to put into mass production. An evaluation kit (EVK), XE125, will also be available to make it possible for customers to evaluate and develop their XM125-based products using Acconeer's popular Exploration Tool.

CEO Lars Lindell comments: "We are happy to announce our first A121-based module, which will expand our successful integration-ready Entry Module range with our best sensor so far. Our modules have been very popular, and last week we could announce that we have sold more than 100 000 modules. Now we look forward to seeing what innovative products our customers will use the XM125 in."

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

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 12, 2022 15:30.

The following documents can be retrieved from beQuoted
Acconeer-develops-module-based-on-the-new-A121-pulsed-cohere.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.

Acconeer has delivered more than 100 000 radar modules

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Acconeer has now shipped more than 100 000 modules with the A111 radar sensor since the company launched its first module in December 2018. Since then, the company has released a range of popular modules where a radar sensor is combined with a microprocessor (MCU) and other supporting components.

Mikael Rosenhed, Head of Product Management Acconeer, comments: "We made the decision to develop our first module as a reference design to make it easier for customers to evaluate our radar sensor and develop their products using it. Over time, our module range has been expanded to also include integration-ready modules for customers to incorporate in their mass-produced solutions. These have been highly popular and we are happy to see that we have now sold more than 100K modules in less than four years."

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

The following documents can be retrieved from beQuoted
Acconeer-has-delivered-more-than-100K-modules.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.

First car using Acconeers A1 radar sensor now launched

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Acconeer's A1 pulsed coherent radar sensor is used in an electrical car model from one of the top two American high-volume car makers for the use case access control, which allows touchless opening of the trunk of a car. This is the first commercially available car using the company's technology. Based on forecasts from the distributor, the value of the launch of this one model is estimated to USD 600 000 over three years. Sales to this customer is reflected in sales to Acconeer's distributors.

CEO Lars Lindell comments: "To see the first car on the streets with our radar sensor in it is a huge milestone for Acconeer, and this is of course an important step for us as a company. We have recently stated that we believed that a car launch was very close, and now we have been able to confirm the launch. In combination with the previously communicated design wins with a European premium car manufacturer, this launch proves that our product is attractive and competitive for use in the automotive industry."

A very important step to be able to achieve this launch was the modular approval certification of the product against Acconeers waiver granted by the US Federal Communications Commission (FCC) in July 2021.

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 August 9, 2022 17:15.

The following documents can be retrieved from beQuoted
First-car-using-Acconeers-A1-radar-sensor-now-launched.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). For more information: www.acconeer.com.