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Interim report Q3 2023

In the third quarter 2023, Acconeer's net sales amounted to kSEK 8,379. More than 11,000 modules and approximately 96,000 sensors were sold. In total, Acconeer has sold 1,752,365 radar sensors and 160,903 modules since launch. In the quarter 364 evaluation kits were sold, and an accumulated 7,033EVKs have been sold since launch. The gross margin in Q3 was 67% and 12 new customer products were launched.
CEO Lars Lindell comments: “We are very happy to see good progress in the automotive industry, where we now have four launched car models in total from one of the largest players in the industry. This is pleasing as it indicates that the system for access control incorporating Acconeer's sensor has become a standard product, and we hope for many more launches going forward. We were also happy to see as much as twelve launched customer products.”

THIRD QUARTER

  • Net sales for the third quarter amounted to kSEK 8,379 (12,066).
  • The gross margin on sales of goods was 67 (58)%.
  • Result after taxes amounted to kSEK-9,590 (-10,648).
  • Earnings per share before and after dilution was SEK -0.36 (-0.40).
  • The cash flow from operating activities was kSEK -6,895 (-8,094).

JANUARI-SEPTEMBER

  • Net sales for nine months amounted to kSEK 24,910 (32,966).
  • The gross margin on sales of goods was 62 (60)%.
  • Result after taxes amounted to kSEK -35,215 (-36,726).
  • Earnings per share before and after dilution was SEK -1.33 (-1.55).
  • The cash flow from operating activities was kSEK -27,430 (-29,247).
  • Cash and cash equivalents on the balance sheet date amounted to kSEK 42,431 (112,649).

SIGNIFICANT EVENTS DURING THE THIRD QUARTER

  • Acconeer partners with Convergence Promotions to expand sales network in North America.
  • Acconeer signed distribution agreement with Turkish Ansal Component.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Acconeer received order from Nexty worth USD 150,000.

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

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com
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.
This information is information that Acconeer is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-10-27 07:30 CEST.
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Acconeer Q3 2023 ENG