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Interim report Q3 2025: EBIT positive result and record revenue

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In the third quarter of 2025, Acconeer achieved one of the company’s communicated financial targets – an EBIT positive result. Sales amounted to a record high of 16,544 kSEK, an increase of 13% compared to the same quarter in 2024. The company sold 285,000 sensors at a gross margin of 57% and noted 13 new customer launches.

CEO Ted Hansson comments: “This quarter marks an important step forward for Acconeer and I am proud that we are showing an EBIT positive result despite the headwind of a falling dollar exchange rate. We made progress in all our product areas and saw particularly strong growth in the level measurement and container monitoring segments.”

THIRD QUARTER

  • Net sales for the third quarter amounted to kSEK 16,544 (14,604).
  • The gross margin on sales of goods was 57 (61) %.
  • Result after taxes amounted to kSEK 448 (-4,316).
  • Earnings per share before and after dilution was SEK 0.01 (-0.07) SEK.
  • The cash flow from operating activities was kSEK 1,022 (-3,896).

JANUARY – SEPTEMBER

  • Net sales for the nine months amounted to kSEK 40,688 (41,040).
  • The gross margin on sales of goods was 59 (60)%.
  • Result after taxes amounted to kSEK -14,481 (-23,487).
  • Earnings per share before and after dilution was SEK -0.21 (-0.47).
  • The cash flow from operating activities was kSEK -13,147 (-22,394).
  • Cash and cash equivalents on the balance sheet date amounted to kSEK 55,454 (73,337)

SIGNIFICANT EVENTS DURING THE THIRD QUARTER

  • Acconeer received order from Nexty worth USD 190,000.
  • Acconeer received order from Future Electronics worth USD 200,000.
  • Acconeer received USD 230,000 order from Future Electronics.

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.

Acconeer awarded design win for in-cabin monitoring with Japanese car manufacturer

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Acconeer has been selected by a Japanese multinational automotive manufacturer for in-cabin passenger monitoring. This is a new customer and the first in-cabin monitoring design win with the A121 pulsed coherent radar sensor. Sales start is expected in 2028 with a design win value of approximately two million USD over five years.

CEO Ted Hansson comments: “We expect in-cabin monitoring to become a mainstream feature and as a leader in this industry, we believe it is needed to have a broad and competitive product portfolio addressing car manufacturers’ different requirements on installation, functionality and cost. Today’s announcement with A121 is a clear proof that Acconeer can offer this.”

Sales to this manufacturer will be reflected in orders by Acconeer’s distributors. A design win is counted when a formal nomination is received, or when forecasted sales can be done with high reliability.

Invitation to attend Acconeer’s Q3 2025 earnings call

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On October 24th at 11.00 CET Ted Hansson will present the company’s interim result for the third quarter 2025 in a live audiocast with Investor Caller.

The presentation will be broadcasted live and participants may access the event via live audiocast and teleconference through the following link: https://investorcaller.com/events/acconeer/acconeer-q3-report-2025.

The event is open for everyone to view, with the option to register to be able to submit questions. After registering, participants will receive a dial-in number, a conference ID, and a personal user ID to access the conference. Using these details, questions can be submitted either verbally via the teleconference line or in writing through the audiocast.

Acconeer also announces that the company has ended the contract for equity research with Redeye AB, with effect from the end of this month. Acconeer remains committed to transparency towards shareholders and will continue to ensure effective communication with its stakeholders and the broader investment community.

Acconeer receives USD 230,000 order from Future Electronics

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

Magnus Gerward, Business Development Director at Acconeer, commented: “We’re very pleased to secure another volume order. This achievement reflects the strong collaboration and joint efforts between Acconeer and our customer in developing a world-class solution for the rapidly growing tank level monitoring market.”

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 awarded design win by Japanese car manufacturer

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Acconeer’s A121 pulsed coherent radar has been selected by one more Japanese car manufacturer for the use case access control to enable handsfree opening of the trunk. Launch of the first model is planned for 2026, with an additional model in 2028.

CEO Ted Hansson comments: “I feel pride to announce a design win with one more Japanese car brand; known for its reliable and practical vehicles. In relation to the total announced automotive design win value of USD 74 million between 2024 and 2032 I don’t expect this to have a significant impact, but entering this brand paves the way to be selected for more use cases and car models.”

Sales to this manufacturer will be reflected in orders by Acconeer’s distributors. A design win is counted when a formal nomination is received, or when forecasted sales can be done with high reliability.

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.