In the first quarter 2022, Acconeer's net sales amounted to 10,121 kSEK, and the product revenue increased by 130% compared to the same quarter last year. A record number of modules were sold, 26,428 and 129,113 sensors were sold. In total, Acconeer has sold 855,523 radar sensors and 58,342 modules since launch. In the quarter 398 evaluation kits were sold, and an accumulated 5,039 EVKs have been sold since launch. The gross margin in Q1 was 62% and as much as eleven new customer products were launched.
CEO Lars Lindell comments: "We are happy for yet another strong quarter, which also came with several very good news. We became a direct customer of our semiconductor wafer supplier, which gives us favorable wafer prices and payment terms. Shortly after the end of Q1 we could celebrate the launch of a social robot with one of the large global actors within the consumer electronics segment."
SIGNIFICANT EVENTS DURING THE FIRST QUARTER
SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
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: firstname.lastname@example.org
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 22, 2022, 07:30.
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 email@example.com. For more information: www.acconeer.com.
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.
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.
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.
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.
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.
Acconeer AB (publ) (Nasdaq First North Growth Market: ACCON) ("Acconeer" or the "Company") today announced that a group of employees of the Company, among others, four members of the Company's management team, have purchased shares through the exercise of Acconeers warrant program 2019/2022. To partially finance the subscription of shares, a group of participants in the warrant program has sold a total of 183,594 shares in the Company.
The modules are variants of the company's popular Entry Modules for which there has been a shortage of ARM Cortex M0 microcontroller units (MCUs). The new modules, called XM124 and XM123, will feature the A111 pulsed coherent radar sensor together with a more powerful ARM Cortex M4 MCU while still being sold at an attractive entry-line price point.
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