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Acconeer signs distribution agreement with Maxense Innovations for the Taiwanese market

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The agreement concerns Acconeer’s radar sensors along with related modules and evaluation kits (EVK) and is effective immediately with the aim to increase the company’s presence on the East Asian market. Maxense Innovations offers distribution and design services to a wide range of industries including consumer electronics, industrial controls and computers.

Maxense Innovations, established in 2016, is one of the leading PCB integrated services providers in the field. Their experienced engineering team supports their customers through the entire PCB design process including design, production management, logistics and distribution.

“Acconeer’s radar products are a great fit for many of the industries we target, and we look forward to bringing it to new and existing customers,” says Ethan Chang, CEO Maxense Innovations.

Ted Hansson, CEO Acconeer, comments: “Taiwan is one of the world’s largest semiconductor markets, and it feels great to strengthen our presence there together with Maxense Innovations. We are confident that their expertise in delivering high-performance and reliable PCB solutions will accelerate our growth in the region.”

Acconeer receives order from Future Electronics worth USD 200 000

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The order relates to Acconeer’s Pulsed Coherent Radar Module XM132 and will mainly be shipped during the fourth quarter 2025. The modules will be used for customer mass production of level measurement devices.

CEO Ted Hansson comments: “Our technology is a great fit for the tank level measurement market and it is great to see a large module order in this product area”.

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 receives order from Nexty worth USD 190,000

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The order relates to Acconeer’s A121 Pulsed Coherent Radar-sensor and is the first volume order for the previously announced design wins with a leading Japanese car manufacturer. These design wins apply to the access control use case, which enables touchless opening of the trunk lid. Delivery of the order will be done in 2025.

CEO Ted Hansson comments: “It is very pleasing that mass production of the first models from this leading Japanese automotive manufacturer is starting. We have announced six design wins with this manufacturer and expect more orders in the future. We are now in mass production with three of the world’s five largest automotive manufacturers.”
 
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 Q2 2025

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In the second quarter of 2025, Acconeer’s net sales amounted to 10,535 kSEK and the gross margin was 60%. The company sold approximately 200,000 radar sensors, and 13 new customer products were launched.

CEO Ted Hansson comments: “We saw a strong growth in level measurement, presence detection and cargo and container monitoring, where we received several large orders. At the same time, the automotive industry continues to be slow, which has a negative impact on the total revenue. However, we see that our revenues from the automotive industry are increasing already in the third quarter and in the medium to long term it looks very promising.”

SECOND QUARTER

  • Net sales for the second quarter amounted to kSEK 10,535 (15,138).
  • The gross margin on sales of goods was 60 (61)%.
  • Result after taxes amounted to kSEK -8,133 (-6, 930).
  • Earnings per share before and after dilution was SEK -0.11 (-0.12) SEK.
  • The cash flow from operating activities was kSEK -7,508 (-6,280).

FIRST SIX MONTHS

  • Net sales for the first six months amounted to kSEK 24,144 (26,436).
  • The gross margin on sales of goods was 61 (59) %.
  • Result after taxes amounted to kSEK -14,929 (-19,171).
  • Earnings per share before and after dilution was SEK 0.23 (-0.44).
  • The cash flow from operating activities was kSEK – 14,169 (-18,498).
  • Cash and cash equivalents on the balance sheet date amounted to kSEK 69,570 (109,017).

SIGNIFICANT EVENTS DURING THE SECOND QUARTER

  • Outcome of 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.
  • Acconeer received order from Chinese BEYD worth USD 183,000.
  • Acconeer received order from Digital Matter worth USD 340,000.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • No significant events after the end of the period.

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

Acconeer receives order from Digital Matter worth USD 340 000

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The order relates to Acconeer’s A121 Pulsed Coherent Radar sensor for mass production of Digital Matters tracking device Barra Radar BLE. Shipments will start immediately and be fully delivered over the coming year with majority in 2025. Digital Matter is a South African company providing IoT asset tracking solutions for businesses globally.

“We are convinced that our sensor is a great fit for Digital Matter’s asset tracking solution, and we’re excited to see that they are successful and now ramping up their production,” says Magnus Gerward, Business Development Director at Acconeer.

Ken Everett, founder of Digital Matter comments: “We have worked closely with Acconeer to produce a solution that reliably detects cargo presence even in the harshest environments. The A121 sensor’s low power operation allows our battery-powered devices to run for many 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.

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.