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Correction of press release regarding interim report Q1 2021

In the press released sent out on April 23, 2021, 07:30 the wrong year was stated in the headline. The correct year for the interim report for the first quarter is 2021. In addition, a link to the report on Acconeer's web site was missing. This has been added in the press release below, which in all other aspects is the same as the previously distributed press release.

In Q1 2021, Acconeers net sales amounted to 7 545 kSEK, the gross margin was 74% and five new customer products were launched. In Q1 399 evaluation kits were sold, and an accumulated 3 516 EVK has been sold since launch. The company sold 4 024 modules in Q1, and since launch a total of 9 701 modules have been sold. In total Acconeer has sold 324 212 sensors, out of which 74 881 were sold in Q1 2021.

CEO Lars Lindell comments: "The substantial revenue increase in the quarter is to a large extent thanks to the development agreement made with Alps Alpine, but we are happy to see that increased product sales are also contributing to the growth."

FIRST QUARTER

  • Net sales for the first quarter amounted to kSEK 7,545 (2,150).
  • The Gross margin on sales of goods was 74 (59) %.
  • Result after taxes amounted to kSEK -11 876 (-17 701).
  • Earnings per share before and after dilution was SEK -0.51 (-0.92).
  • The cash flow from operating activities was kSEK -8 898 (-14,810).

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

  • Sweden's Innovation Agency granted Acconeer 4 million SEK for a research project on sleep monitoring with Sleepiz and the University of Gothenburg.
  • Acconeer received order from Digi-Key worth USD 47,000.
  • Acconeer received order from Glyn Limited worth USD 156,000.
  • Acconeer received order from CODICO worth USD 96,000.
  • Acconeer and Alps Alpine signed a joint development agreement of Next-Generation Sensing Technology.
  • A distribution agreement was signed with Mouser Electronics and the first order received.
  • It is the company's assessment that the effects of Covid-19 will have a limited impact of operations in 2021. We expect no impact on either the development side or the manufacture of sensors, while the manufacture of modules will be affected by a global shortage on processors that have arisen in connection with Covid-19. Regarding demand for the company's products we expect further delays in customer projects, fewer start-up projects and that our customers' production rate will be affected by the lack of processors.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Acconeer announced A121 pulsed coherent radar sensor, new high-performance product in A1 family.

The interim 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 April 23, 2021, 15:30.

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

2022-10-05

Acconeer has now shipped more than 100 000 modules with the A111 radar sensor since the company launched its first module in December 2018. Since then, the company has released a range of popular modules where a radar sensor is combined with a microprocessor (MCU) and other supporting components.

2022-08-09
Regulatory

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.

2022-07-22
Regulatory

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.

2022-07-08

Acconeer ABs share capital and number of shares have increased due to the exercise of warrants in series TO2 (2019/2022). As a result, the company is increasing its cash by SEK 17 million.

2022-07-06
Regulatory

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.

2022-06-30
Regulatory

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.

2022-06-29

As of today, Acconeer has shipped more than one million A111 pulsed coherent radar sensors in total since the company started selling Evaluation Kits (EVKs) in February 2018.

2022-06-14
Regulatory

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.

2022-06-10
Regulatory

The order relates to Acconeer's XM132 Entry Module for customer mass production. Asteelflash is a European specialist EMS company.

2022-06-10
Regulatory

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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