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Year-end report January 1 – December 31 2023

In the fourth quarter 2023, Acconeer's net sales amounted to 10,612 kSEK, and the product revenue increased by 48% compared to the third quarter. The company sold approximately 153,000 sensors and 10,000 modules. In the quarter 308 evaluation kits were sold, and an accumulated 7,341 EVKs have been sold since launch. The gross margin on sales of goods in Q4 was 60% and 11 new customer products were launched. After the quarter, it was announced that the company intends to carry out a fully guaranteed rights issue of SEK 150 million.
CEO Lars Lindell comments: “Highlights of the fourth quarter were major advances in the automotive industry, with several important design wins with major companies. In addition, we received the first prototypes of our next generation radar sensor, and we are pleased to say that these are performing above expectations, giving us confidence as we continue to develop and commercialize the A2.”

FOURTH QUARTER

  • Net sales for the fourth quarter amounted to kSEK 10,612 (13,859) TSEK.
  • The gross margin on sales of goods was 60 (56) %.
  • Result after taxes amounted to kSEK-11,289 (-10,428).
  • Earnings per share before and after dilution was SEK -0.42 (-0.40).
  • The cash flow from operating activities was kSEK -9,846 (-6,973).

FULL YEAR

  • Net sales for the full year amounted to kSEK 35,522 (46,825).
  • The gross margin on sales of goods was 62 (59)%.
  • Result after taxes amounted to kSEK -46,504 (-47,154).
  • Earnings per share before and after dilution was SEK -1.76 (-1.81).
  • The cash flow from operating activities was kSEK -37,276 (-36,220).
  • Cash and cash equivalents on the balance sheet date amounted to kSEK 38,653 (89,883).

SIGNIFICANT EVENTS DURING THE FOURTH QUARTER

  • Acconeer received order from NEXTY worth USD 150,000.
  • Large Japanese electronics company launched module based on Acconeer’s A1 radar sensor.
  • Acconeer announced five new automotive design wins to an estimated value of USD four million.
  • Acconeer received order from NEXTY worth USD 190k.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Acconeer announced automotive design win to an estimated value of USD 5 million.
  • It was announced that Acconeer intends to carry out a fully guaranteed rights issue of approximately SEK 150 million, financial targets and preliminary financial information for FY 2023 was announced.

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

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com
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.
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Acconeer Q4 2023 EN