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Acconeer signs a distribution agreement with Japanese NEXTY focusing on the automotive industry

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The radar technology company Acconeer AB has signed a distribution agreement with Japanese NEXTY Electronics. NEXTY, a core company of the Toyota Tsusho Group's electronics business, is a leading Japanese distributor with especially strong coverage of companies in the automotive sector.

Lars Lindell, CEO of Acconeer, comments: "We have stated for some time that our unique radar sensor will be perfect for several use cases in the automotive industry. With this agreement with NEXTY Electronics, that we are very pleased to announce, we now have the perfect partner for reaching the most important players in the Japanese auto industry".

Atsushi Aoki, President of NEXTY Electronics, comments: "We are very excited about signing this collaboration with Acconeer and we expect to see a lot of interest in their potentially disruptive sensor from our clients going forward. It is with great anticipation we look forward to seeing what this cooperation will lead to."

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone +46 10 218 92 00, Mail: ir@acconeer.com
Atsushi Aoki, President of NEXTY Electronics, Phone +81 3 5462 9666 Mail: nexty_contact@nexty-ele.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 11 May 2021 at 07.30.

The following documents can be retrieved from beQuoted
Acconeer-signs-distribution-agreement-with-Nexty-Electronics.pdf

About NEXTY Electronics Corporation
NEXTY Electronics is a core company of the Toyota Tsusho Group's electronics business and is top in class within the automotive industry, offering autonomous driving technology cultivated in the field. The company also provides innovative, connected technology solutions for application to industry peripherals, such as agricultural machinery to address technology challenges. For more information: https://www.nexty-ele.com/english/

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

Attachments
Acconeer-signs-distribution-agreement-with-Nexty-Electronics.pdf

Acconeer-signs-distribution-agreement-with-Nexty-Electronics.pdf
2021-05-11

Correction of press release regarding interim report Q1 2021

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In the press released sent out on April 23, 2021, 07:30 the wrong year was stated in the headline. The correct year for the interim report for the first quarter is 2021. In addition, a link to the report on Acconeer's web site was missing. This has been added in the press release below, which in all other aspects is the same as the previously distributed press release.

In Q1 2021, Acconeers net sales amounted to 7 545 kSEK, the gross margin was 74% and five new customer products were launched. In Q1 399 evaluation kits were sold, and an accumulated 3 516 EVK has been sold since launch. The company sold 4 024 modules in Q1, and since launch a total of 9 701 modules have been sold. In total Acconeer has sold 324 212 sensors, out of which 74 881 were sold in Q1 2021.

CEO Lars Lindell comments: "The substantial revenue increase in the quarter is to a large extent thanks to the development agreement made with Alps Alpine, but we are happy to see that increased product sales are also contributing to the growth."

FIRST QUARTER

  • Net sales for the first quarter amounted to kSEK 7,545 (2,150).
  • The Gross margin on sales of goods was 74 (59) %.
  • Result after taxes amounted to kSEK -11 876 (-17 701).
  • Earnings per share before and after dilution was SEK -0.51 (-0.92).
  • The cash flow from operating activities was kSEK -8 898 (-14,810).

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

  • Sweden's Innovation Agency granted Acconeer 4 million SEK for a research project on sleep monitoring with Sleepiz and the University of Gothenburg.
  • Acconeer received order from Digi-Key worth USD 47,000.
  • Acconeer received order from Glyn Limited worth USD 156,000.
  • Acconeer received order from CODICO worth USD 96,000.
  • Acconeer and Alps Alpine signed a joint development agreement of Next-Generation Sensing Technology.
  • A distribution agreement was signed with Mouser Electronics and the first order received.
  • It is the company's assessment that the effects of Covid-19 will have a limited impact of 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.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Acconeer announced A121 pulsed coherent radar sensor, new high-performance product in A1 family.

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 April 23, 2021, 15:30.

The following documents can be retrieved from beQuoted
Acconeer-Q1-2021-correction.pdf
Acconeer-Q1-2021 eng.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

Attachments
Acconeer-Q1-2021-correction.pdf
Acconeer-Q1-2021 eng.pdf

Acconeer-Q1-2021-correction.pdf
Acconeer-Q1-2021 eng.pdf
2021-04-23

INTERIM REPORT Q1 2020

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In Q1 2021, Acconeers net sales amounted to 7 545 kSEK, the gross margin was 74% and five new customer products were launched. In Q1 399 evaluation kits were sold, and an accumulated 3 516 EVK has been sold since launch. The company sold 4 024 modules in Q1, and since launch a total of 9 701 modules have been sold. In total Acconeer has sold 324 212 sensors, out of which 74 881 were sold in Q1 2021.

CEO Lars Lindell comments: "The substantial revenue increase in the quarter is to a large extent thanks to the development agreement made with Alps Alpine, but we are happy to see that increased product sales are also contributing to the growth."

FIRST QUARTER

  • Net sales for the first quarter amounted to kSEK 7,545 (2,150).
  • The Gross margin on sales of goods was 74 (59) %.
  • Result after taxes amounted to kSEK -11 876 (-17 701).
  • Earnings per share before and after dilution was SEK -0.51 (-0.92).
  • The cash flow from operating activities was kSEK -8 898 (-14,810).

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

  • Sweden's Innovation Agency granted Acconeer 4 million SEK for a research project on sleep monitoring with Sleepiz and the University of Gothenburg.
  • Acconeer received order from Digi-Key worth USD 47,000.
  • Acconeer received order from Glyn Limited worth USD 156,000.
  • Acconeer received order from CODICO worth USD 96,000.
  • Acconeer and Alps Alpine signed a joint development agreement of Next-Generation Sensing Technology.
  • A distribution agreement was signed with Mouser Electronics and the first order received.
  • It is the company's assessment that the effects of Covid-19 will have a limited impact of 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.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Acconeer announced A121 pulsed coherent radar sensor, new high-performance product in A1 family.

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 April 23, 2021, 07:30.

The following documents can be retrieved from beQuoted
Acconeer-Q1-result-2021 210423.pdf
Acconeer-Q1-2021 eng.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

Attachments
Acconeer-Q1-result-2021 210423.pdf
Acconeer-Q1-2021 eng.pdf

Acconeer-Q1-result-2021 210423.pdf
Acconeer-Q1-2021 eng.pdf
2021-04-23

Acconeer announces A121 pulsed coherent radar sensor, new high-performance product in A1 family

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Today Acconeer is announcing a new product in the A1 pulsed coherent radar family, based on the design of A111 but with extended performance. The product is planned to be ready for mass-production in the second half of 2022.

The new product will complement the A111 radar sensor and will have even lower power-consumption, increased performance and improved data quality . This will be of use in advanced power-critical use cases such as gesture-control using micro-motions. The A121 will also have support for flexible power supply, with an IO interface of 1.8-3.3 V and will be qualified for AECQ-100 grade 2 to ensure operation over a wider temperature range. Being part of the A1 family, A121 is pin compatible with A111. More information about technical features and intended use cases will be shared closer to when the product is available on the market.

Acconeer launched the A111 radar sensor during the spring 2018, and the A1 product family will be complemented with A121 in second half of 2022. The next generation product family, A2, which is co-developed with Alps Alpine, will be launched in 2024 as previously announced.

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 April 22, 2021 07.30.

The following documents can be retrieved from beQuoted
Acconeer-announces-A121-radar-sensor-210422.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

Attachments
Acconeer-announces-A121-radar-sensor-210422.pdf

Acconeer-announces-A121-radar-sensor-210422.pdf
2021-04-22

Acconeer signs a distribution agreement with Mouser Electronics and receives first order

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Acconeer has signed a distribution agreement with Mouser Electronics, and Acconeer's radar products will soon be available through Mouser's online store. At the same time, Mouser Electronics places an order worth USD 35 000 for initial stock. The order relates to Acconeer's A1 radar sensor and related modules, evaluation kits (EVK) and lenses. Mouser is one of the largest electronic component distributors in the world, with a global reach.

Lars Lindell, CEO of Acconeer, comments: "With this agreement in place we further increase our visibility and availability for customers worldwide. Being one of the largest global players in the industry, Mouser is an important addition to our global distributor network".

Jeff Newell, Senior Vice President of Products for Mouser Electronics: "We're excited to offer our customers Acconeer's world-class radar products. Acconeer radar sensors, kits and lenses align with our existing line card and customer base, and we look forward to a successful long-term relationship".

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone +46 10 218 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 25 March 2021 at 09.00.

The following documents can be retrieved from beQuoted
Acconeer-signs-distribution-agreement-with-Mouser.pdf

About Mouser Electronics
Mouser Electronics, a Berkshire Hathaway company, is an authorised semiconductor and electronic component distributor focused on New Product Introductions from its leading manufacturer partners. Serving the global electronic design engineer and buyer community, the global distributor's website, mouser.com, is available in multiple languages and currencies and features more than 5 million products from over 1.100 manufacturer brands. Mouser offers 27 support locations worldwide to provide best-in-class customer service in local language, currency and time zone. The distributor ships to over 630.000 customers in 223 countries/territories from its 93.000 square-meter, state-of-the-art distribution facilities in the Dallas, Texas, metro area. For more information, visit https://www.mouser.com.

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

Attachments
Acconeer-signs-distribution-agreement-with-Mouser.pdf

Acconeer-signs-distribution-agreement-with-Mouser.pdf
2021-03-25

Acconeer and Alps Alpine have signed a joint development agreement of Next-Generation Sensing Technology

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Acconeer AB and Alps Alpine Co., Ltd. ("Alps Alpine") have signed a joint development agreement to develop next generation patented Pulse Coherent sensors, targeting a wide range of applications in the automotive, industrial and consumer segments including mobile phones. The contract is based on the principles in the MoU signed and announced in April 2020, and prescribes that Alps Alpine will contribute up to USD 6 million towards the development of which USD 3.85 million is paid as a Non Recurring Engineering fee and the balance will be invested in tools and third party IP. In return, Alps Alpine will receive exclusivity for the new product for the automotive market. The product is planned to be ready for production during 2024.

Payments are expected to commence in 2021 and end in 2024. Alps Alpine is a world-leading manufacturer of electronic components, modules and systems. Further information on Alps Alpine are set out at the bottom of this press release.

Lars Lindell, CEO of Acconeer, comments: "We have co-operated with Alps Alpine for several years and jointly won several design wins in the area of "presence detection" as well as "access control sensor" for cars. The joint development agreement is the next step in this co-operation combining Alps Alpine's competence and purchasing power in systems for cars with Acconeer's Pulsed Coherent radar technology. Entering into this agreement is a very important step which allows us to go ahead with our plans for the next generation radar sensor."

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 pursuant to the EU Market Abuse Regulation. The information was provided, by the above contact person, for publication on March 19th 2021 at 09.00.

The following documents can be retrieved from beQuoted
Acconeer-and-AlpsAlpine-signs-strategic-co-operation-to-deve.pdf

About Alps Alpine

Alps Alpine, a leading manufacturer of electronic components and automotive infotainment systems, has brought the world numerous "First 1" and "Number 1" products since its founding in 1948. The Alps Alpine Group currently operates 110 bases in 26 countries and regions, supplying roughly 40,000 different products and solutions to around 2,000 companies worldwide. Those offerings include devices such as switches, sensors, data communication modules, touch input panels, actuators and power inductors; electronic shifters, remote keyless entry systems and other automotive units; consumer electronics like car navigation and audio-visual systems; and systems and services such as digital keys based on smartphone app and blockchain technology, and remote monitoring.

In January 2019, Alps Electric Co., Ltd. and Alpine Electronics, Inc. integrated their businesses to embark on a new era as Alps Alpine Co., Ltd. Serving a diverse range of markets encompassing an automotive industry currently undergoing major transformation, the mobile and consumer electronics domains, through to energy, healthcare and industry markets, Alps Alpine will combine and build on core device technology established over many years in three areas – human-machine interfaces, SENSORING™ and connectivity – along with system design and software development capabilities to innovate value that brings comfort to and enriches the lives of people everywhere. For more information: https://www.alpsalpine.com/e/.

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

Attachments
Acconeer-and-AlpsAlpine-signs-strategic-co-operation-to-deve.pdf

Acconeer-and-AlpsAlpine-signs-strategic-co-operation-to-deve.pdf
2021-03-19

Acconeer receives order from CODICO worth USD 96 000

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The order relates to Acconeer's A1 radar sensor intended for mass production of customer products. CODICO GmbH is a leading European distributor, headquartered in Vienna, Austria.

Lars Lindell, CEO Acconeer, comments: "We have collaborated with CODICO on the European market since June 2019, and are happy to see another volume order from them."

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 March 02, 2021 12.00.

The following documents can be retrieved from beQuoted
Acconeer-receives-order-from-Codico.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

Attachments
Acconeer-receives-order-from-Codico.pdf

Acconeer-receives-order-from-Codico.pdf
2021-03-02

Acconeer receives order from Glyn Limited worth USD 156 000

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The order relates to Acconeer's A1 radar sensor intended for mass production of customer products. New Zealand-based Glyn Ltd is Acconeer's main distributor in New Zealand and Australia, and the two companies have a distribution agreement since June 2019.

Lars Lindell, CEO Acconeer, comments: "This is our largest order from Glyn so far, and we are happy to see that customer activities in the Oceanian region are progressing well."

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 March 02, 2021 11.00.

The following documents can be retrieved from beQuoted
Acconeer-receives-order-from-Glyn.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

Attachments
Acconeer-receives-order-from-Glyn.pdf

Acconeer-receives-order-from-Glyn.pdf
2021-03-02

Acconeer receives order from Digi-Key worth USD 47 000

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The order relates to Acconeer's A1 radar sensor, as well as the XM122 IoT Module. Digi-Key's global online platform, serving customers with evaluation kits and sensors intended for mass production, remains an important distribution channel for Acconeer.

Lars Lindell, CEO Acconeer, comments: "We are happy to see another order of sensors intended for customers' mass production. Part of the order also relates to our XM122 IoT Module, for which we see a continued high demand."

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 26, 2021 10.00.

The following documents can be retrieved from beQuoted
Acconeer-receives-order-from-Digi-Key-210226.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

Attachments
Acconeer-receives-order-from-Digi-Key-210226.pdf

Acconeer-receives-order-from-Digi-Key-210226.pdf
2021-02-26

YEAR-END REPORT 1 JANUARY – 31 DECEMBER 2020

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In the fourth quarter 2020, Acconeer AB's net sales amounted to kSEK 2,956, and seven new customer products were launched. The cash flow from operating activities was kSEK -13,927. During the quarter, 501 evaluation kits (EVK) were sold, which is well above the company's target of selling on average three EVK per day.

Lars Lindell, CEO Acconeer, comments: "In the fourth quarter 2020 we were happy to see seven new customer launches, including three in China which continues to be a strong market for us. Otherwise, continued focus has been to finalize the discussions with Alps Alpine, where we hope to be able to sign a contract during Q1 2021."

FOURTH QUARTER 1 OCTOBER – 31 DECEMBER 2020

  • Net sales for the fourth quarter amounted to kSEK 2,956 (1,829) TSEK.
  • The Gross margin was 72 (67) %.
  • Result after taxes amounted to kSEK -15,451 (-19,465).
  • Earnings per share before and after dilution was SEK -0.66 (-1.01) SEK.
  • The cash flow from operating activities was kSEK -13,927 (-15,641).

FULL YEAR JANUARY- DECEMBER 2020

  • Net sales for the full year amounted to kSEK 9,505 (5,508).
  • The Gross margin was 61 (61) %.
  • Result after taxes amounted to kSEK -62,312 (-68,539).
  • Earnings per share before and after dilution was SEK -2.85 (-3.58)
  • The cash flow from operating activities was kSEK -56,391 (-60,701).
  • Cash and cash equivalents including short term deposits at the balance date amounted to kSEK 82,170 (77,954)

SIGNIFICANT EVENTS DURING THE FOURTH QUARTER

  • Acconeer received two orders from Digi-Key worth USD 36,000 and 37,000.
  • A distribution agreement was signed with Marubun.
  • Acconeer received an order from BEYD worth USD 421,000.
  • It is the company's assessment that the effects of Covid-19 has had a limited impact on operations in 2020. No impact was seen on the development side, while manufacturing was somewhat affected by a global shortage of processors that occurred in connection with Covid-19. Regarding demand for the company's products, we see that some customer projects have been delayed, but the assessment is that this falls within the margin of uncertainty that always exists.

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

  • Acconeer receives funding of SEK 4M for project on sleep monitoring with Sleepiz and University of Gothenburg.

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 19, 2021 07.30.

The following documents can be retrieved from beQuoted
Acconeer-Q4- 210219.pdf
Acconeer-Q4-2020 ENG 20210219.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

Attachments
Acconeer-Q4- 210219.pdf
Acconeer-Q4-2020 ENG 20210219.pdf

Acconeer-Q4- 210219.pdf
Acconeer-Q4-2020 ENG 20210219.pdf
2021-02-19