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Interim report Q2 2024

In the second quarter 2024 Acconeer’s net sales amounted to kSEK 15,138 and the gross margin was 61%. As many as nearly 270,000 radar sensors were sold in the quarter. In addition, more than 25,000 modules and 414 evaluation kits, EVK, were sold. A total of 18 new customer products were launched.
CEO Ted Hansson comments: “I am very pleased to begin my time as CEO of Acconeer by reporting record high quarterly revenues of SEK 15.1 million. We also see once again a quarter with very strong development in the automotive industry, which is promising for future earnings.”

SECOND QUARTER

  • Net sales for the second quarter amounted to kSEK 15,138 (6,399).
  • The gross margin on sales of goods was 61 (61) %.
  • Result after taxes amounted to kSEK-6,930 (-13,498).
  • Earnings per share before and after dilution was SEK -0.12 (-0.51).
  • The cash flow from operating activities was kSEK -6,280 (-10,803).

FIRST SIX MONTHS

  • Net sales for the first six months amounted to kSEK 26,436 (16,530).
  • The gross margin on sales of goods was 59 (60) %.
  • Result after taxes amounted to kSEK-19,171 (-25,625).
  • Earnings per share before and after dilution was SEK -0.44 (-0.97).
  • The cash flow from operating activities was kSEK -18,498 (-20,535).
  • Cash and cash equivalents on the balance sheet date amounted to kSEK 109,017 (30,541).

SIGNIFICANT EVENTS DURING THE SECOND QUARTER

  • Acconeer received order from BEYD worth USD 180,000.
  • Acconeer received order from European IoT provider worth USD 100,000.
  • Acconeer announced automotive design win with an estimated value of USD 30 million, for the first time including next generation radar sensor A2.
  • Acconeer and Sandvik receives research grant of SEK 3.5 million for material classification.
  • Acconeer announced 5 automotive design wins to an estimated value of more than USD 4 million.
  • Acconeer appointed Ted Hansson as new CEO.

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/.