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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.

Interim report Q2 2022

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In the second quarter 2022, Acconeers net sales amounted to 10,779 kSEK, and the product revenue increased by 120% compared to the same quarter last year. A record number of sensors were sold, 167,654 and 21,294 modules were sold. In total, Acconeer has sold 1,023,177 radar sensors and 79,636 modules since launch. In the quarter 224 evaluation kits were sold, and an accumulated 5,263 EVKs have been sold since launch. The gross margin in Q2 was 62% and as much as 12 new customer products were launched. At the end of the quarter, an evaluation kit (EVK) for Acconeers second radar sensor, A121, was shipped to distributors for sale.

CEO Lars Lindell comments: "The most important news in the second quarter was that we delivered evaluation kits for our new radar sensor A121 to distributors, who have since started selling it to customers for evaluation and product development. Now we look forward to seeing how it will be received by the market. In addition, we once again had a strong quarter, with a new record for the number of sensors sold and as many as 12 new customer launches."

 

SECOND QUARTER

  • Net sales for the second quarter amounted to kSEK 10,779 (7,643).
  • The gross margin on sales of goods was 62 (72)%.
  • Result after taxes amounted to kSEK-12,197 (-11,695).
  • Earnings per share before and after dilution was SEK -0.47 (-0.50) SEK.
  • The cash flow from operating activities was kSEK -10,028 (-9,402).

 

FIRST SIX MONTHS

  • Net sales for the first six months amounted to kSEK 20,900 (15,188) .
  • The gross margin on sales of goods was 62 (73)%.
  • Result after taxes amounted to kSEK-26,078 (-23,571).
  • Earnings per share before and after dilution was SEK -1.01 (-1.01).
  • The cash flow from operating activities was kSEK -21,153 (-18,300).
  • Cash and cash equivalents on the balance sheet date amounted to kSEK 117,941 (57,613)

 

SIGNIFICANT EVENTS DURING THE SECOND QUARTER

  • Acconeers A1 radar sensor in robot from large global Japanese consumer electronics company.
  • Acconeer received order from Nexty worth USD 147k.
  • New module variants designed to solve component shortage for modules was announced.
  • Acconeers management team members purchased shares through the exercise of the companys warrant program 2019/2022.
  • Acconeer received order from Digi-Key worth USD 400k.
  • Acconeer received order from Asteelflash worth USD 280k.
  • Acconeer receives order from Nexty worth USD 335k.
  • Launch of Evaluation Kit for A121 – new pulsed coherent radar sensor in A1 product family.

 

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Acconeer receives order from BEYD worth USD 300k.

The interim report is attached to this press release and available through Acconeers 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 July 22, 2022 07:30.

The following documents can be retrieved from beQuoted
Acconeer-Q2-2022-en-220722.pdf
Acconeer-Q2-result 2022 ENG 220721.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) 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.

Interim report Q1 2022

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In the first quarter 2022, Acconeer's net sales amounted to 10,121 kSEK, and the product revenue increased by 130% compared to the same quarter last year. A record number of modules were sold, 26,428 and 129,113 sensors were sold. In total, Acconeer has sold 855,523 radar sensors and 58,342 modules since launch. In the quarter 398 evaluation kits were sold, and an accumulated 5,039 EVKs have been sold since launch. The gross margin in Q1 was 62% and as much as eleven new customer products were launched.

CEO Lars Lindell comments: "We are happy for yet another strong quarter, which also came with several very good news. We became a direct customer of our semiconductor wafer supplier, which gives us favorable wafer prices and payment terms. Shortly after the end of Q1 we could celebrate the launch of a social robot with one of the large global actors within the consumer electronics segment."

FIRST QUARTER

  • Net sales for the first quarter amounted to kSEK 10,121 (7,545).
  • The gross margin on sales of goods was 62 (74)%.
  • Result after taxes amounted to kSEK-13,881 (-11,876).
  • Earnings per share before and after dilution was SEK – 0.54 (-0.51) SEK.
  • The cash flow from operating activities was kSEK -11,125 (-8,898).

 

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

  • Acconeer received an order from Glyn worth USD 58,500.
  • Acconeer received two orders worth in total USD 260,000.
  • Acconeer becomes direct customer of GlobalFoundries.
  • Acconeer received an order from Nexty worth USD 245,000.

 

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Acconeer's A1 radar sensor in robot from large global Japanese consumer electronics company.

 

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 22, 2022, 07:30.

The following documents can be retrieved from beQuoted
Acconeer-Q1-2022-en-220422.pdf
Acconeer-Q1 2022 ENG 20220421.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 publishes annual report 2021

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Acconeer AB's annual report for 2021 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 Tuesday, 26 April 2022. More information will be included in the notice convening the AGM.

For additional information, please contact:
Lars Lindell, 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-2021 220324.pdf
Acconeer-Annual-Report-2021 20220324.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.

Year-end report January 1 – December 31 2021

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In the fourth quarter 2021, Acconeer AB's net sales amounted to kSEK 8,110, and the revenue increased by 174% compared to the same quarter last year. A record number of sensors were sold, 159,280, and 10,224 modules were sold. In total, Acconeer has sold 726,410 radar sensors and 32,874 modules since launch. In Q4 391 evaluation kits were sold, and an accumulated 4,641 EVKs have been sold since launch. The gross margin in Q4 was 72% and ten new customer products were launched.

Lars Lindell, CEO Acconeer, comments: "We are pleased to have another strong quarter where we are once again breaking records in the number of sensors sold, despite the current global component shortage. We received our first volume order for the automotive industry and launched a customer in the robotic lawnmower segment, both new use cases for us. In addition, the number of customer launches is increasing rapidly, and we have a very strong pipeline for launches in 2022. Therefore, we are now raising our target for customer launches from five to ten per quarter."

FORTH QUARTER

  • Net sales for the fourth quarter amounted to kSEK 8,110 (2,956).
  • The gross margin on sales of goods was 72 (70)%.
  • Result after taxes amounted to kSEK -17,257 (-15,451).
  • Earnings per share before and after dilution was SEK -0.74 (-0.66).
  • The cash flow from operating activities was kSEK -14,013 (-12,732).

FULL YEAR

  • Net sales for the full year amounted to kSEK 31,157 (9,505).
  • The gross margin on sales of goods was 71 (58)%.
  • Result after taxes amounted to kSEK -51,138 (-62,312).
  • Earnings per share before and after dilution was SEK -2.19 (-2.85).
  • The cash flow from operating activities was kSEK -39,986 (-50,800).
  • Cash and cash equivalents on the balance sheet date amounted to kSEK 156,858 (82,170).

SIGNIFICANT EVENTS DURING THE FOURTH QUARTER

  • Acconeer received order from CODICO worth USD 91,000.
  • Acconeer received order from Digi-Key worth USD 59,000.
  • A1 radar sensor in robotic lawn mower from large European technology company.
  • Acconeer received order from Asteelflash worth UDS 82,300.
  • Rights issue of approximately SEK 140 million, before issue expenses of approximately SEK 15 million, was announced.
  • Prospectus in connection with forthcoming rights issue was published.
  • Acconeer received order from Baumüller worth USD 112,900.
  • Acconeer received order from EMSYS Design worth USD 87,780.
  • Supplementary prospectus was published.
  • Acconeer received order from Nexty worth USD 163,000.
  • Acconeer announced outcome of rights issue.
  • Acconeer received order from Drainage Management Services worth USD 60,000.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Acconeer received order from Glyn worth USD 58,500.
  • Acconeer received two orders worth in total USD 260,000.

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 18, 2022 07:30.

The following documents can be retrieved from beQuoted
Acconeer-Q4-result-2021 220218.pdf
Acconeer-Q4 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.

Interim report Q3 2021

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In Q3 2021, Acconeer's net sales amounted to 7,859 kSEK, and the revenue increased by 183% compared to the same quarter last year. A record number of sensors were sold, 130,662, and 10,723 modules were sold. In total, Acconeer has sold 567,130 radar sensors and 22,650 modules since launch. In Q3 273 evaluation kits were sold, and an accumulated 4,250 EVKs have been sold since launch. The gross margin in Q3 was 70% and seven new customer products were launched.

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.

Interim report Q2 2021

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In Q2 2021, Acconeer's net sales amounted to 7 643 kSEK, the gross margin was 72% and eight new customer products were launched. In Q2 for the first time more than 100 000 sensors were sold during one quarter when 112 256 sensors were sold, and since launch Acconeer has sold in total 436 468 radar sensors. In Q2 461 evaluation kits were sold, and an accumulated 3 977 EVK has been sold since launch. The company sold 2 226 modules in Q2, and since launch a total of 11 927 modules have been sold.

CEO Lars Lindell comments: "We are happy to see a new record in the number of radar sensors sold and also in the number of launched customer products during one quarter. Just like in Q1 we see a strong result in Q2, despite that our module sale has been affected by component shortage, where we haven't been able to deliver on all orders."

SECOND QUARTER

  • Net sales for the second quarter amounted to kSEK 7,643 (1,619).
  • The Gross margin on sales of goods was 72 (59) %.
  • Result after taxes amounted to kSEK -11,695 (-16,836).
  • Earnings per share before and after dilution was SEK -0,50 (-0,79).
  • The cash flow from operating activities was kSEK -9,402 (-13,920).

SIX MONTHS PERIOD

  • Net sales for the six months period amounted to kSEK 15,188 (3,769).
  • The Gross margin on sales of goods was 73 (59) %.
  • Result after taxes amounted to kSEK -23,571 (-34,536).
  • Earnings per share before and after dilution was SEK -1.01 (-1.70).
  • The cash flow from operating activities was kSEK -18,300 (-28,729).
  • Cash and cash equivalents on the balance sheet date amounted to kSEK 57,613 (109,172).

SIGNIFICANT EVENTS DURING THE SECOND QUARTER

  • Acconeer announced A121 pulsed coherent radar sensor, new high-performance product in A1 family.
  • A distribution agreement focusing on the automotive industry was signed with Japanese NEXTY Electronics.
  • Acconeer receives order from CODICO worth USD 125,000.
  • The annual general meeting was held on 27 April 2021, for the 2020 fiscal year.
  • It is the company's assessment that the effects of Covid-19 will have a limited impact on 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.

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 July 23, 2021 07.30.

The following documents can be retrieved from beQuoted
Acconeer-Q2-result-2021 210723.pdf
Acconeer-Q2-2021 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@redey.se.

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

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

Acconeer publishes annual report 2020

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Acconeer AB's annual report for 2020 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 Tuesday, 27 April 2021. Due to the covid-19 pandemic, the AGM will be conducted by advance voting. More information will be included in the notice convening the AGM.

For additional information, please contact:
Lars Lindell, 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-2020 210324.pdf
Acconeer-Annual-report-2020 20210324.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