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INTERIM REPORT Q3 2019

THIRD QUARTER 1 JULY - 30 SEPTEMBER 2019

  • Net sales amounted to TSEK 1 693 (213)
  • Earnings after tax amounted to TSEK -15 476 (-7 241)
  • Earnings per share were SEK -0,80 (-0,38)
  • Cash flow from operating activities totaled TSEK -16 449 (-4 541)
  • Cash equivalents at the end of the period amounted to TSEK 93 812 (152 655)

NINE MONTHS 1 JANUARY - 30 SEPTEMBER 2019

  • Net sales amounted to TSEK 3 679 (511)
  • Earnings after tax amounted to TSEK -49 074 (-23 967) TSEK
  • Earnings per share were SEK -2,56 (-1,26)
  • Cash flow from operating activities totaled TSEK -45 060 (-29 376)

SIGNIFICANT EVENTS DURING THE THIRD QUARTER

  • Received orders from Digi-Key amounting to SEK 1 140 TSEK.
  • Distribution agreement signed with Japanese Restar Electronics Corporation.
  • 1 000 sold evaluation kits by August 1.
  • Anna Aleryd was hired as Head of Marketing and Communications.
  • Orders from BEYD amounting to TSEK 227.
  • A strategic partnership was signed with ALPSALPINE and the first customer projects were announced.
  • Acconeer announced plans for AEC Q-100 Automotive certification.
  • Acconeer selected as Cool Vendor by Gartner for the second time.
  • SparkFun Electronics reintroduced A111 Pulsed Radar Board.
  • The number of sold evaluation Kits amounted to 261.
  • Total number of customers launching products so far reached 11.

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

  • Acconeer published two new focus use cases within presence detection
  • Acconeer received an order from BEYD worth TSEK 157.

"Highlights during the third quarter were the design wins on three car models from a global car manufacturer and a strategic collaboration agreement with ALPSALPINE.", says Lars Lindell, CEO Acconeer.

2019-10-25

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 October 25 2019 at 09.00.

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.

2020-02-17
Regulatory

BGA Invest AB, org.no 556653-5182, and Winplantan AB, org.no 556936-5082 - who together hold approximately 26 per cent of the shares and votes in Acconer AB - have today announced to the company that they will propose Thomas Rex as new Chairman of the board at Acconeer's annual general meeting April 14, 2020. Current Chairman Bengt Adolfsson announced at the same time that he declines re-election as Chairman, but is available for re-election as a member of the Board.

2020-02-12
Regulatory

The order relates to Acconeer's radar sensor A111. Based in New Zealand, Glyn Ltd is established as a leading distributor in New Zealand and Australia.

2019-12-18
Regulatory

The order relates to Acconeer's radar sensor A111. Part of the order is for production of the social robot LOVOT from GROOVE X, a Japanese company which Acconeer also publishes a customer story about today. Japanese Restar Electronics Corporation is a leading distributor in Japan with especially strong coverage of companies in the consumer electronics segment.

2019-12-11
Regulatory

The order relates to Acconeer's radar sensor A111.

2019-12-06
Regulatory

At the end of September, BEYD had supplied Acconeer's sensors to five different customers, three of whom are active in the area of parking sensors and one each in level measurement in tanks and presence detection. The new order from BEYD includes Acconeer's radar sensor A111.

2019-12-04

From today, Acconeer will start sharing selected customer stories to show innovative ways our customers use the A111 radar sensor in their products and solutions. The first customer story is from HANCOM Mobility, who uses Acconeer's radar in their parking sensor, which is a key part of the ParkingFriends™ platform provided by HANCOM Mobility.

2019-11-27
Regulatory

BEYD have launched five different customers using Acconeer's sensors, three of whom are active in the area of parking sensors and one each in level measurement in tanks and presence detection. The new order from BEYD includes Acconeer's radar sensor A111 and evaluation kits.

2019-11-12

The wireless headphone application to be showcased has been trained to recognize five hand gestures with high accuracy and close to zero latency. It is the first result coming from a cooperation agreement between the companies that started in May this year. By combining Edge AI software from Imagimob with the Pulsed Coherent Radar technology from Acconeer, the two companies have created an innovative platform for gesture control perfect for consumer electronics products.

2019-11-06
Regulatory

The order relates to Acconeer's High-Performance module XM112, the IoT module XM122 and Acconeer sensor A1.

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