Acconeer has agreed with three large global tech companies about a joint proposal to the Federal Communications Commission (FCC) for new regulations of the 60GHz frequency band in the US. The proposal makes it possible for Acconeer's and other mmWave radar technologies to co-exist with WiGig in the 60GHz band. The submitted proposal can be read at FCC's website.
In the third quarter 2022, Acconeer's net sales amounted to 12,066 kSEK, and the product revenue increased by 62% compared to the same quarter last year. A record number of sensors were sold, 185,419 and 21,116 modules were sold. In total, Acconeer has sold 1,208,596 radar sensors and 100,752 modules since launch. In the quarter 332 evaluation kits were sold, and an accumulated 5,595 EVKs have been sold since launch. The gross margin in Q3 was 58% and as much as 11 new customer products were launched.
The new module - which will be the first to integrate the new A121 radar sensor - will be called XM125 Entry+ Module. It will have ultra-low power consumption, outstanding system cost and solderable design for optimized integration into mass-produced solutions. The module is planned to be available for customers in Q1 2023.
Acconeer's A1 pulsed coherent radar sensor is used in an electrical car model from one of the top two American high-volume car makers for the use case access control, which allows touchless opening of the trunk of a car. This is the first commercially available car using the company's technology. Based on forecasts from the distributor, the value of the launch of this one model is estimated to USD 600 000 over three years. Sales to this customer is reflected in sales to Acconeer's distributors.
In the second quarter 2022, Acconeers net sales amounted to 10,779 kSEK, and the product revenue increased by 120% compared to the same quarter last year. A record number of sensors were sold, 167,654 and 21,294 modules were sold. In total, Acconeer has sold 1,023,177 radar sensors and 79,636 modules since launch. In the quarter 224 evaluation kits were sold, and an accumulated 5,263 EVKs have been sold since launch. The gross margin in Q2 was 62% and as much as 12 new customer products were launched. At the end of the quarter, an evaluation kit (EVK) for Acconeers second radar sensor, A121, was shipped to distributors for sale.
The order relates to Acconeer's A111 radar sensor for customers' mass production, the evaluation kit (EVK) XE121 and related products, as well as the coming modules XM124 and XM123 including EVKs for these. BEYD is Acconeer's Chinese distributor and remains an important sales channel for the company.
As previously announced, Acconeer introduces a new high-performance radar sensor, A121, and today the evaluation kit (EVK) for the product has been shipped to distributors and will soon be available for customers to buy. The A121 radar sensor is planned to be ready for mass production in the first quarter of 2023.
The order relates to Acconeer's A111 Pulsed Coherent Radar sensor for mass production. NEXTY Electronics is a leading Japanese distributor with especially strong coverage of companies in the automotive sector.
The order relates to Acconeer's XM132 Entry Module for customer mass production. Asteelflash is a European specialist EMS company.
The order relates to the recently announced integration-ready modules XM123 and XM124 and related Evaluation Kit (EVK), as well as the EVK for the upcoming A121 pulsed coherent radar sensor. Digi-Keys global online platform, serving customers with evaluation kits and sensors intended for mass production, remains an important distribution channel for Acconeer.
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