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YEAR-END REPORT 1 JANUARY - 31 DECEMBER 2020

In the fourth quarter 2020, Acconeer AB's net sales amounted to kSEK 2,956, and seven new customer products were launched. The cash flow from operating activities was kSEK -13,927. During the quarter, 501 evaluation kits (EVK) were sold, which is well above the company's target of selling on average three EVK per day.

Lars Lindell, CEO Acconeer, comments: "In the fourth quarter 2020 we were happy to see seven new customer launches, including three in China which continues to be a strong market for us. Otherwise, continued focus has been to finalize the discussions with Alps Alpine, where we hope to be able to sign a contract during Q1 2021."

FOURTH QUARTER 1 OCTOBER - 31 DECEMBER 2020

  • Net sales for the fourth quarter amounted to kSEK 2,956 (1,829) TSEK.
  • The Gross margin was 72 (67) %.
  • Result after taxes amounted to kSEK -15,451 (-19,465).
  • Earnings per share before and after dilution was SEK -0.66 (-1.01) SEK.
  • The cash flow from operating activities was kSEK -13,927 (-15,641).

FULL YEAR JANUARY- DECEMBER 2020

  • Net sales for the full year amounted to kSEK 9,505 (5,508).
  • The Gross margin was 61 (61) %.
  • Result after taxes amounted to kSEK -62,312 (-68,539).
  • Earnings per share before and after dilution was SEK -2.85 (-3.58)
  • The cash flow from operating activities was kSEK -56,391 (-60,701).
  • Cash and cash equivalents including short term deposits at the balance date amounted to kSEK 82,170 (77,954)

SIGNIFICANT EVENTS DURING THE FOURTH QUARTER

  • Acconeer received two orders from Digi-Key worth USD 36,000 and 37,000.
  • A distribution agreement was signed with Marubun.
  • Acconeer received an order from BEYD worth USD 421,000.
  • It is the company's assessment that the effects of Covid-19 has had a limited impact on operations in 2020. No impact was seen on the development side, while manufacturing was somewhat affected by a global shortage of processors that occurred in connection with Covid-19. Regarding demand for the company's products, we see that some customer projects have been delayed, but the assessment is that this falls within the margin of uncertainty that always exists.

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

  • Acconeer receives funding of SEK 4M for project on sleep monitoring with Sleepiz and University of Gothenburg.

The year-end 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 February 19, 2021 07.30.

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

2021-06-09
Regulatory

The order relates to Acconeer's A111 radar sensor for European customers' mass production. CODICO GmbH is a leading European distributor, headquartered in Vienna, Austria.

2021-05-11
Regulatory

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.

2021-04-27
Regulatory

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.

2021-04-23
Regulatory

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.

2021-04-23
Regulatory

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.

2021-04-22
Regulatory

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.

2021-04-20

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.

2021-03-25
Regulatory

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.

2021-03-25
Regulatory

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.

2021-03-24
Regulatory

Acconeer AB's annual report for 2020 is from today available on the company's website, investor.acconeer.com.

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