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Acconeer receives order from Chinese BEYD worth USD 183 000

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The order relates to Acconeer’s A111 and A121 Pulsed Coherent Radar sensors and will be delivered during Q2 and Q3 2025. BEYD is one of Acconeer’s Chinese distributors and an important sales channel for the company.

CEO Ted Hansson comments: “China is an important, fast moving and growing market for us, and we are happy to see this order from our long-term partner BEYD. We have increased our activities in the region and are optimistic about the future.”

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.

Interim report Q1 2025

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In the first quarter 2025, Acconeer’s net sales amounted to 13 609 kSEK and the gross margin was 61%. The company sold approximately 300 000 radar sensors and 14 new customer products were launched.

CEO Ted Hansson comments: “Compared to the same period last year, our sales increased by 20% in the quarter. We saw 14 customer products launched, 11 of which are within our focus areas, which is very pleasing and a confirmation that our strategy is the right way forward.”

FIRST QUARTER

  • Net sales for the first quarter amounted to kSEK 13,609 (11,298).
  • The gross margin on sales of goods was 61 (56) %.
  • Result after taxes amounted to kSEK -6,796 (-12,241).
  • Earnings per share before and after dilution was SEK -0.11 (-0.45) SEK.
  • The cash flow from operating activities was kSEK -6,661 (-12,218).

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

  • Acconeer signed a worldwide franchise deal with Future Electronics.
  • The Board of Directors of Acconeer AB proposed a directed share issue of approximately SEK 25 million and a fully secured rights issue (compensation issue) of approximately SEK 25 million.
  • Extra general meeting resolved on a directed share issue and a share issue with preferential rights for the company’s existing shareholders.
  • Acconeer announced that the directed share issue to Alps Alpine of approximately SEK 25 million was completed.
  • Acconeer received order within Cargo Tracking worth USD 160 000.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Outcome of oversubscribed fully secured rights issue (compensation issue) was announced.
  • Acconeer received order within level measurement worth USD 125 000.
  • Acconeer received order in level measurement worth USD 110 000.

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

Bulletin from the annual general meeting of Acconeer AB on 29 April 2025

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Acconeer AB (the “Company”) held its annual general meeting on 29 April 2025. At the annual general meeting, the following resolutions were made.

The English text is an unofficial translation. In case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail.

Adoption of the income statement and balance sheet
The annual general meeting resolved to adopt the board of directors’ proposal for the income statement and the balance sheet for the fiscal year of 2024.

Disposition of the Company’s profit or loss
The annual general meeting resolved, in accordance with the board of directors’ proposal, that no dividend is paid and that the Company’s funds available for distribution is carried forward.

Discharge from liability
The annual general meeting resolved to grant discharge from liability to all persons who have had the position of board member or CEO in the Company during 2024.

Election on the board of directors and auditor, and determination of fees
The annual general meeting resolved to re-elect Lars-Erik Wernersson, Git Sturesjö Adolfsson, Thomas Rex and Henric Stråth as members of the board, and to elect Jesper Lindström as a new board member. Thomas Rex was re-elected as chairman of the board of directors.

The annual general meeting resolved that the remuneration for the board of directors, for the period until the next annual meeting, shall be paid out with a total of seventeen (17) price base amounts (Sw. prisbasbelopp), of which five (5) price base amounts to the chairman and three (3) price base amounts to each of the other members elected by the annual general meeting who are not employed by the Company.

The annual general meeting resolved to re-elect the registered audit company KPMG AB as the Company’s auditor until the end of the next annual general meeting. KPMG AB has announced that the authorised auditor Jonas Nihlberg will be the principal auditor. The remuneration for the company’s auditor shall be paid according to approved invoice.

________________

For more detailed information regarding the content of the resolutions, please refer to the press release published on 26 March 2025 and the complete notice of the annual general meeting. The notice of the annual general meeting and complete proposals regarding the resolutions of the annual general meeting are available on the Company’s website, www.acconeer.com.

Acconeer receives order in level measurement worth USD 110 000

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The order comes from CODICO and relates to Acconeer’s radar module XM132 for mass production of remote tank level measurement customer products. CODICO GmbH is a leading European distributor, headquartered in Vienna, Austria.

Ted Hansson, CEO, comments: “We are happy to see another volume order for the fast growing level measurement market, where we know we have a strong offering with our high accuracy and low power consumption.”

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.

Acconeers announces last day of trading in BTA

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NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, SINGAPORE, JAPAN, BELARUS, RUSSIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES.

Acconeer AB’s (“Acconeer” or the “Company”) rights issue (compensation issue) of shares, which was announced on 14 February 2025, has been registered with the Swedish Companies Registration Office (Sw. Bolagsverket).

The last day of trading in BTAs (paid subscribed shares) on Nasdaq First North Growth Market is 22 April 2025 and the stop date with Euroclear Sweden AB will 24 April 2025. The new shares are expected to be booked into each shareholder’s VP account/depository account on 28 April 2025.

Through the rights issue, the company raised approximately SEK 25 million before issue costs. Through the rights issue, the number of shares in Acconeer increases by 5,484,249 shares, from 67,637,283 shares to 73,121,532 shares, and the share capital increases by SEK 274,212.45, from SEK 3,381,864.15 to SEK 3,656,076.60.

Advisors
Moll Wendén Advokatbyrå AB is acting as legal advisor to Acconeer AB in connection with the Rights Issue and Eminova Fondkommission AB is acting as issuing agent in connection with the Rights Issue.

Acconeer receives order within level measurement worth USD 125 000

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The order comes from Micro Summit K.K. and is intended for level sensing in tanks with a major Japanese module maker. The order relates to the A121 pulsed coherent radar sensor for mass production.

CEO Ted Hansson comments: “It is great to see a large order in level measurement, which is one of our focus areas and an important market for us. The fact that we get volume orders in our focus areas shows that our go-to-market strategy is starting to give results.”

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.

Acconeer AB (publ) announces outcome of oversubscribed fully secured rights issue (compensation issue)

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NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, SINGAPORE, JAPAN, BELARUS, RUSSIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES.

Acconeer AB’s (publ) (“Acconeer” or the “Company”) rights issue of 5,484,249 shares, which, in accordance with the Board of Directors’ proposal on 14 February 2025, was resolved by the Extraordinary General Meeting on 6 March 2025 (the “Rights Issue” or the “Compensation Issue”) has been oversubscribed. The outcome shows that 4 661 353 shares in the Rights Issue, corresponding to approximately 85 per cent of the Rights Issue, have been subscribed for with subscription rights and that 5 075 726 shares have been subscribed for without subscription rights, corresponding to approximately 92.55 per cent of the Rights Issue. Thus, a total of 9 737 079 shares, corresponding to approximately 177.55 per cent of the Rights Issue, have been subscribed for with and without subscription rights. Through the Rights Issue, the Company will receive approximately SEK 25 million before issue costs.

Comment from Ted Hansson, CEO: “It is gratifying to see the strong interest in the share issue and I would like to thank all shareholders for the confidence they have shown in us. With the capital we now have, we can fully focus on executing our strategy.”

Outcome of the Rights Issue (compensation issue)
The Extraordinary General Meeting resolved on 6 March 2025, in accordance with the Board of Directors’ proposal, on a rights issue of a maximum of 5,484,249 shares. The outcome shows that 4 661 353 shares in the Rights Issue, corresponding to approximately 85 per cent of the Rights Issue, have been subscribed for with subscription rights and that 5 075 726 shares have been subscribed for without subscription rights, corresponding to approximately 92,55 per cent of the Rights Issue. Thus, a total of 9 737 079 shares, corresponding to approximately 177.55 per cent of the Rights Issue, have been subscribed for with and without subscription rights. Through the Rights Issue, the Company will receive approximately SEK 25 million before issue costs, which will be less than SEK 1 million.

Notification of allotment
Allotment of shares has been made in accordance with the allotment principles described in the terms and conditions of the offer published in connection with the Rights Issue. Notification of any allotment of shares, subscribed for without preferential rights, will be made by sending a settlement note. Settlement notes are expected to be sent out as soon as possible after the end of the subscription period and payment shall be made by bank transfer in accordance with the instructions on the settlement note.

Trading in BTA
Trading in BTA (paid subscribed share) is expected to take place on Nasdaq First North Growth Market until 22 April 2025, when the BTAs will be converted into shares.

Change in number of shares and share capital and dilution
Acconeer announced in a press release on 18 March 2025 that the Company had carried out a directed share issue to the strategic investor Alps Alpine Co., Ltd. (the “Directed Share Issue”). Through the Directed Share Issue, the number of shares in Acconeer increased by 5,482,456 shares, from 62,154,827 shares to 67,637,283 shares, and the share capital increased by SEK 274,122.80, from SEK 3,107,741.35 to SEK 3,381,864.15, resulting in a dilution of approximately 8.1 per cent.

Through the Rights Issue, the number of shares in Acconeer will increase by an additional 5,484,249 shares, from 67,637,283 shares to 73,121,532 shares, and the share capital will increase by SEK 274,212.45, from SEK 3,381,864.15 to SEK 3,656,076.60. For existing shareholders who do not participate in the Rights Issue, this means, at full subscription, an additional dilution effect of approximately 7.5 per cent of the votes and capital in the Company.

The total dilution effect of the Directed Share Issue and the Rights Issue (the “Issues”) amounts to approximately 15 per cent.

Advisors
Moll Wendén Advokatbyrå AB is legal advisor to the Company in connection with the Issues and Eminova Fondkommission AB is issuing agent in connection with the Issues.

Date for publication of interim report for the first quarter postponed to 2025-05-06

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The board of directors of Acconeer AB has decided to postpone the publication of the quarterly report for the first quarter to Tuesday, May 6, 2025.

The reason for the decision is the ongoing rights issue. The report is scheduled to be published on the morning of Tuesday, May 6, 2025.

Last day for subscription in Acconeer’s ongoing rights issue of shares (compensation issue)

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NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, SINGAPORE, JAPAN, BELARUS, RUSSIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES.

Tomorrow, 1 April 2025, is the last day for subscription in Acconeer AB's (“Acconeer” or the “Company”) ongoing rights issue with preferential rights for existing shareholders (the “Rights Issue” or the “Compensation Issue”) proposed by the Board of Directors on 14 February 2025 and approved by the extraordinary general meeting on 6 March 2025. Please note that certain banks and brokers may have a closing date for subscription in the Rights Issue that is before 1 April 2025. Shareholders should therefore check with their bank or broker if they have an earlier deadline for subscription.

Summary of the Rights Issue

  • One (1) existing share in the Company on the record date 14 March 2025 entitles to three (3) subscription rights. Thirty-four (34) subscription rights entitle to subscription of one (1) new share.
  • The Rights Issue comprises a maximum of 5,484,249 new shares. If the Rights Issue is fully subscribed, Acconeer will receive approximately SEK 25 million before deduction of issue costs.
  • The subscription price in the Rights Issue amounts to SEK 4.56 per share, which corresponds to the closing price of the Company's share on 13 February 2025.
  • The subscription period in the Rights Issue runs from 18 March 2025 to 1 April 2025.
  • Prior to the Rights Issue, the Company has received subscription undertakings totalling approximately SEK 4.28 million, corresponding to approximately 17.12 per cent of the Rights Issue. In addition, the Company has received free of charge bottom guarantee undertakings amounting to approximately SEK 2.0 million, corresponding to approximately 8 per cent of the Rights Issue. In addition, the Company has also received free of charge top guarantee undertakings totalling approximately SEK 18.72 million, corresponding to approximately 74.88 per cent of the Rights Issue. In total, 100 per cent of the Rights Issue is covered by free of charge subscription undertakings and free of charge bottom and top guarantee commitments. Neither the subscription undertakings nor the bottom or top guarantee commitments are secured by bank guarantees, blocked funds, pledges or similar arrangements.

Information memorandum

For complete terms and conditions for the Rights Issue and other information about the Company, please refer to the information memorandum published by the Company on 14 March 2025, which available on the Company's website www.acconeer.com.

Application forms and other relevant information are available on the Company's website and Eminova Fondkommission AB's website www.eminova.se.

Timetable for the Rights Issue

18 March 2025 – 1 April Subscription period
18 March 2025 – 22 April 2025 Trading in paid subscribed shares (BTA)
3 April 2025 Estimated date for announcement of the outcome of the Rights Issue

Counsellors

Moll Wendén Advokatbyrå AB is acting as legal advisor to Acconeer AB in connection with the Rights Issue and Eminova Fondkommission AB is acting as issuing agent in connection with the Rights Issue.

Acconeer receives order within Cargo Tracking worth USD 160 000

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The order comes from Data JCE Electronics Ltd and relates to Acconeer’s A121 Pulsed Coherent Radar sensor for mass production of cargo tracking solutions. It is Acconeer’s first larger order in the cargo tracking segment. Data JCE Electronics Ltd is one of Acconeer’s distributors in the EMEA region.

Magnus Gerward, Business Development Director at Acconeer comments: “It is great to see a first high volume order for the cargo tracking segment, which we expect will become an increasingly important part of our business over the coming years.”

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.