CEO Lars Lindell comments: "It feels good to be able to say that we made yet another strong quarter, as the fourth quarter 2022 was the eleventh consecutive quarter of growing revenue."

 

FOURTH QUARTER

• Net sales for the fourth quarter amounted to kSEK 13,859 (8,110) TSEK.
• The gross margin on sales of goods was 56 (72) %.
• Result after taxes amounted to kSEK-10,428 (-17,257).
• Earnings per share before and after dilution was SEK -0.40 (-0.74).
• The cash flow from operating activities was kSEK -6,973 (-14,013).

 

FULL YEAR

• Net sales for nine months amounted to kSEK 46,825 (31,157).
• The gross margin on sales of goods was 59 (71) %.
• Result after taxes amounted to kSEK-47,154 (-51,138).
• Earnings per share before and after dilution was SEK -1.81 (-2.19) SEK.
• The cash flow from operating activities was kSEK -36,220 (-39,999).
• Cash and cash equivalents on the balance sheet date amounted to kSEK 89,883 (156,858).

 

SIGNIFICANT EVENTS DURING THE FOURTH QUARTER

• Acconeer develops module based on the new A121 pulsed coherent radar sensor.
• Acconeer and three major WiGig stakeholders submit joint regulation proposal to FCC.

 

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

• Acconeer received order from Digi-Key worth USD 100k.

 

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

 

For additional information, please contact:

Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

 

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on February 17, 2023, 07:30.

The following documents can be retrieved from beQuoted
Acconeer-Q4-2022 en.pdf
Acconeer-Q4 2022 ENG.pdf

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.

Lars Lindell, CEO Acconeer, comments: "We are pleased to have another strong quarter where we are once again breaking records in the number of sensors sold, despite the current global component shortage. We received our first volume order for the automotive industry and launched a customer in the robotic lawnmower segment, both new use cases for us. In addition, the number of customer launches is increasing rapidly, and we have a very strong pipeline for launches in 2022. Therefore, we are now raising our target for customer launches from five to ten per quarter."

FORTH QUARTER

• Net sales for the fourth quarter amounted to kSEK 8,110 (2,956).
• The gross margin on sales of goods was 72 (70)%.
• Result after taxes amounted to kSEK -17,257 (-15,451).
• Earnings per share before and after dilution was SEK -0.74 (-0.66).
• The cash flow from operating activities was kSEK -14,013 (-12,732).

FULL YEAR

• Net sales for the full year amounted to kSEK 31,157 (9,505).
• The gross margin on sales of goods was 71 (58)%.
• Result after taxes amounted to kSEK -51,138 (-62,312).
• Earnings per share before and after dilution was SEK -2.19 (-2.85).
• The cash flow from operating activities was kSEK -39,986 (-50,800).
• Cash and cash equivalents on the balance sheet date amounted to kSEK 156,858 (82,170).

SIGNIFICANT EVENTS DURING THE FOURTH QUARTER

• Acconeer received order from CODICO worth USD 91,000.
• Acconeer received order from Digi-Key worth USD 59,000.
• A1 radar sensor in robotic lawn mower from large European technology company.
• Acconeer received order from Asteelflash worth UDS 82,300.
• Rights issue of approximately SEK 140 million, before issue expenses of approximately SEK 15 million, was announced.
• Prospectus in connection with forthcoming rights issue was published.
• Acconeer received order from Baumüller worth USD 112,900.
• Acconeer received order from EMSYS Design worth USD 87,780.
• Supplementary prospectus was published.
• Acconeer received order from Nexty worth USD 163,000.
• Acconeer announced outcome of rights issue.
• Acconeer received order from Drainage Management Services worth USD 60,000.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

• Acconeer received order from Glyn worth USD 58,500.
• Acconeer received two orders worth in total USD 260,000.

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

For additional information, please contact:

Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on February 18, 2022 07:30.

The following documents can be retrieved from beQuoted
Acconeer-Q4-result-2021 220218.pdf
Acconeer-Q4 2021 eng.pdf

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) and can be contacted via telephone +46(0)8 121 576 90 or via e-mail certifiedadviser@redeye.se. For more information: www.acconeer.com.

Lars Lindell, CEO Acconeer, comments: "In the fourth quarter 2020 we were happy to see seven new customer launches, including three in China which continues to be a strong market for us. Otherwise, continued focus has been to finalize the discussions with Alps Alpine, where we hope to be able to sign a contract during Q1 2021."

FOURTH QUARTER 1 OCTOBER – 31 DECEMBER 2020

• Net sales for the fourth quarter amounted to kSEK 2,956 (1,829) TSEK.
• The Gross margin was 72 (67) %.
• Result after taxes amounted to kSEK -15,451 (-19,465).
• Earnings per share before and after dilution was SEK -0.66 (-1.01) SEK.
• The cash flow from operating activities was kSEK -13,927 (-15,641).

FULL YEAR JANUARY- DECEMBER 2020

• Net sales for the full year amounted to kSEK 9,505 (5,508).
• The Gross margin was 61 (61) %.
• Result after taxes amounted to kSEK -62,312 (-68,539).
• Earnings per share before and after dilution was SEK -2.85 (-3.58)
• The cash flow from operating activities was kSEK -56,391 (-60,701).
• Cash and cash equivalents including short term deposits at the balance date amounted to kSEK 82,170 (77,954)

SIGNIFICANT EVENTS DURING THE FOURTH QUARTER

• Acconeer received two orders from Digi-Key worth USD 36,000 and 37,000.
• A distribution agreement was signed with Marubun.
• Acconeer received an order from BEYD worth USD 421,000.
• It is the company's assessment that the effects of Covid-19 has had a limited impact on operations in 2020. No impact was seen on the development side, while manufacturing was somewhat affected by a global shortage of processors that occurred in connection with Covid-19. Regarding demand for the company's products, we see that some customer projects have been delayed, but the assessment is that this falls within the margin of uncertainty that always exists.

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

• Acconeer receives funding of SEK 4M for project on sleep monitoring with Sleepiz and University of Gothenburg.

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

For additional information, please contact:

Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on February 19, 2021 07.30.

The following documents can be retrieved from beQuoted
Acconeer-Q4- 210219.pdf
Acconeer-Q4-2020 ENG 20210219.pdf

About Acconeer AB

Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail certifiedadviser@redeye.se. For more information: www.acconeer.com

FOURTH QUARTER 1 OCTOBER – 31 DECEMBER 2019

· Net sales for the fourth quarter amounted to kSEK 1,829 (442).

· Result after taxes amounted to kSEK -19,465 (-15,112).

· Earnings per share was SEK -1,01 (-0.79).

· The cash flow from operating activities after changes in working capital was kSEK -15,641 (-16,560).

FULL YEAR 1 JANUARY – 31 DECEMBER 2019

· Net sales for the full year amounted to kSEK 5,508 (953).

· Result after taxes amounted to kSEK -68,569 (-39,079).

· Earnings per share was SEK -3,58 (-2,05).

· The cash flow from operating activities after changes in working capital was kSEK -60,701 (-45,935).

· Cash and cash equivalents including short term deposits at the balance date amounted to kSEK 77,954 (136,214).

· Gross margin amounted to 61 %.

SIGNIFICANT EVENTS DURING THE QUARTER

· Acconeer published two new focus use cases within presence detection.

· Acconeer received orders from BEYD worth USD 139,888.

· Orders from Digi-Key worth USD 47,748 were received.

· Acconeer received an order from Japanese Restar Electronics Corporation worth USD 108,570.

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

· Acconeer received an order from Glyn Limited worth USD 12,800.

· Thomas Rex proposed as new Chairman of Acconeer AB

"We have identified several customer projects with the potential of generating large increases in revenue so we intend to at least double the capacity to support and run customer projects in 2020.", says Lars Lindell, CEO Acconeer.

The year-end report is attached to this press release and available through Acconeer's website: https://investor.acconeer.com/se/finansiella-rapporter/

For additional information, please contact:

Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, Mail: ir@acconeer.com

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on February 20 2020 at 09.00.

The following documents can be retrieved from beQuoted
Acconeer-Q4-2020-02-20-Eng.pdf
Year-end-report-January-December-2019.pdf

About Acconeer AB

Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail certifiedadviser@redeye.se. For more information: www.acconeer.com