In the fourth quarter 2024, Acconeer's net sales amounted to 10,3 MSEK, and for the full year the net sales was 51,3 MSEK, which is an increase of 44% compared to 2023. In agreement with customer, 4,4 MSEK of the previously communicated prepaid order was postponed to Q1 to utilize the new test partner that was qualified in the quarter. After the quarter it was announced that the board of directors propose a directed share issue of approximately SEK 25 million and a fully secured rights issue (compensation issue) of approximately SEK 25 million
CEO Ted Hansson comments: "The automotive industry is probably the largest identified market for our products. Alps Alpine is a global tier-1 supplier to the automotive industry known for innovation and high quality, who has the possibility to compare us with all competitors. The fact that they choose to enter into a directed issue and thereby continue to show their strong confidence in Acconeer as a company, our technology and market is a statement of strength."
FOURTH QUARTER
- Net sales for the fourth quarter amounted to kSEK 10,280 (10,612).
- The gross margin on sales of goods was 40 (60) % (before inventory adjustment 62 (60)%).
- Result after taxes amounted to kSEK -7,992 (-11,289).
- Earnings per share before and after dilution was SEK -0.13 (-0.42).
- The cash flow from operating activities was kSEK -4,890 (-9,846).
FULL YEAR
- Net sales for the full year amounted to kSEK 51,320 (35,522).
- The gross margin on sales of goods was 56 (62) % (before inventory adjustment 60 (62)%).
- Result after taxes amounted to kSEK -31,479 (-46,504).
- Earnings per share before and after dilution was SEK -0.60 (-1.76).
- The cash flow from operating activities was kSEK -28,984 (-37,276).
- Cash and cash equivalents on the balance sheet date amounted to kSEK 53,757 (38,653).
SIGNIFICANT EVENTS DURING THE FOURTH QUARTER
- No significant events during the fourth quarter.
SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
- Acconeer signed a worldwide franchise deal with Future Electronics.
- The Board of Directors of Acconeer AB proposed a directed share issue of approximately SEK 25 million and a fully secured rights issue (compensation issue) of approximately SEK 25 million.
The report is attached to this press release and available through Acconeer's website: https://www.acconeer.com/investor_page/home/financial-reports/.
For additional information, please contact:
Ted Hansson, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com
This information is information that Acconeer is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-14 07:45 CET.
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). For more information: www.acconeer.com.
