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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/.