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: email@example.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.
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 firstname.lastname@example.org. For more information: www.acconeer.com
The radar technology company Acconeer AB has signed a distribution agreement with Japanese NEXTY Electronics. NEXTY, a core company of the Toyota Tsusho Group's electronics business, is a leading Japanese distributor with especially strong coverage of companies in the automotive sector.
Acconeer AB (the "Company") held its annual general meeting on 27 April 2021, for the 2020 fiscal year. In order to prevent the spread of the virus causing covid-19, the annual general meeting was carried out solely through postal voting, without any physical presence. A video with the CEO, Lars Lindell, and COO, Mikael Egard, was published ahead of the AGM. The video included their reflections on the past year and the strategy ahead and is available on the Company's website, www.acconeer.com. At the annual general meeting, the following resolutions were made.
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.
Today Acconeer is announcing a new product in the A1 pulsed coherent radar family, based on the design of A111 but with extended performance. The product is planned to be ready for mass-production in the second half of 2022.
Chinese company Winext Technology combines Acconeer's A1 radar sensor with a geomagnetic sensor for improved accuracy in their parking space detection module. Thanks to the good result, the company plans to use the A1 radar sensor in more products such as smart trash cans and liquid level meters. Read the full customer story to learn more.
The shareholders of Acconeer AB (publ), reg. no. 556872-7654, (the "Company") are hereby given notice that the Annual General Meeting will be held on 27 April 2021.
Acconeer has signed a distribution agreement with Mouser Electronics, and Acconeer's radar products will soon be available through Mouser's online store. At the same time, Mouser Electronics places an order worth USD 35 000 for initial stock. The order relates to Acconeer's A1 radar sensor and related modules, evaluation kits (EVK) and lenses. Mouser is one of the largest electronic component distributors in the world, with a global reach.
Acconeer AB and Alps Alpine Co., Ltd. ("Alps Alpine") have signed a joint development agreement to develop next generation patented Pulse Coherent sensors, targeting a wide range of applications in the automotive, industrial and consumer segments including mobile phones. The contract is based on the principles in the MoU signed and announced in April 2020, and prescribes that Alps Alpine will contribute up to USD 6 million towards the development of which USD 3.85 million is paid as a Non Recurring Engineering fee and the balance will be invested in tools and third party IP. In return, Alps Alpine will receive exclusivity for the new product for the automotive market. The product is planned to be ready for production during 2024.
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