INTERIM REPORT Q2 2020
SECOND QUARTER 1 APRIL - 30 JUNE 2020
- Net sales for the second quarter amounted to kSEK 1,619 (1,436).
- The Gross margin was 59 (6)%.
- Result after taxes amounted to kSEK -16,836 (-17,607).
- Earnings per share before and after dilution was SEK -0.79 (-0.92)
- The cash flow from operating activities was kSEK -13,920 (-15,467).
SIX MONTHS PERIOD
- Net sales for the six months period amounted to kSEK 3,769 (1,986).
- The Gross margin was 59 (15)%.
- Result after taxes amounted to kSEK -34,536 (-33,598).
- Earnings per share before and after dilution was SEK -1.70 (-1.76).
- The cash flow from operating activities was kSEK -28,729 (-28,584).
- Cash and cash equivalents including short term deposits at the balance date amounted to kSEK 109,172 (110,460).
SIGNIFICANT EVENTS DURING THE SECOND QUARTER
- Acconeer received two orders from Digi-Key worth USD 29,000 and 30,000.
- Acconeer AB held its Annual General Meeting on 14 April 2019. Thomas Rex was elected as new Chairman of the Board.
- Acconeer and Alps Alpine signed an MoU agreement on a joint development agreement regarding the next generation of sensor technology.
- Acconeer completed a directed new share issue of 4,062,000 new shares, raising proceeds of approximately SEK 65 million.
- Distributor agreement with Restar was extended to include the Americas.
- An order from Taiwanese Chip Power worth USD 28,400 was received.
- AEC - Q100 grade 3 qualification of the A1 radar sensor for the automotive industry was completed
- Acconeer received ISO certification for quality and environmental management system
- It is the company's assessment that the effects of Covid-19 will have a limited impact on operations in 2020.
"The big news in the second quarter is our agreements with Alps Alpine, which will contribute SEK 100 million to the development of the next generation radar system.", 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/en/financial-reports/
For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, 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 July 24, 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 email@example.com. For more information: www.acconeer.com
Japanese company Yukai Engineering uses Acconeer's A1 radar sensor in its communication robot BOCCO emo. The BOCCO emo has a very simple interface making it easy to use by anyone, including young children or the elderly who do not need or cannot use a smartphone. Acconeer's A1 radar sensor is used for smart presence detection.
Acconeer provides German start-up Packwise with radar sensor for their development of radar-based level measurement of IBC tanks. The interaction of two innovative solutions opens up new sustainable possibilities in container logistics, and the Dresden-based start-up Packwise and Acconeer are now working together. The A1 radar sensor is being used for the first time to measure fill level in a product targeting IBC tanks.
Ordern avser Acconeers radarsensor A111 samt referenskortet XR112. Digi-Keys globala online-plattform är fortsatt en viktig distributionskanal för Acconeer då den når såväl globala aktörer som mindre lokala nischproducenter.
The order relates to Acconeer's A111 radar sensor and the XR112 reference board. Digi-Key's global online platform, serving both global players as well as smaller local niche producers, remains an important distribution channel for Acconeer.
Acconeer has successfully achieved the certification of the Quality and Environmental Management Systems under the ISO Standards 9001:2015 and 14001:2015 for development and sales of semiconductors, modules and software.
Kvalificeringen av radarsensorn A1 enligt AEC - Q100 nivå 3, som täcker temperaturer mellan -40°C - +85°C, erhålls ett kvartal tidigare jämfört med tidigare kommunicerad plan.
Acconeer completes AEC - Q100 grade 3 qualification of the A1 radar sensor for the automotive industry
The A1 sensor AEC - Q100 grade 3 qualification, which covers the temperatures -40°C - +85°C, has been completed a quarter ahead of previously announced plans.
Ordern gäller Acconeers radarsensor A111. Chip Power Technology Corp. är en ledande distributör i Taiwan som har varit en del av Acconeers globala distributörsnätverk sedan juni 2019. Detta är den första volymordern från Taiwan, avsedd att tillhandahålla sensorer till kunder inom affärsområdet parkeringssensorer.
The order relates to Acconeer's A111 radar sensor. Chip Power Technology Corp. is a leading distributor in Taiwan and has been a part of Acconeer's global distributor network since June 2019. This is the first volume order from Taiwan, providing sensors to customers in the parking sensor segment.
Acconeer har utökat avtalet med Restar Electronics Corporation så att det även inkluderar Amerika. Sedan juli 2019 har de två bolagen ett distributörsavtal för den japanska marknaden, och beslutet att utöka det till Amerika kommer som ett resultat av de framsteg som nåtts i Japan.
Acconeer has extended the agreement with Restar Electronics Corporation to include the Americas. Since July 2019 the two companies have a distributor agreement for the Japanese market, and the decision to extend it to the Americas comes as a natural result of the good progress seen in Japan.
Acconeer genomför en riktad nyemission om 4 062 000 aktier och tillförs härigenom cirka 65 miljoner kronor
Styrelsen för Acconeer AB ("Acconeer" eller "Bolaget") har i enlighet med vad som offentliggjordes i Bolagets pressmeddelande tidigare idag, med stöd av bemyndigandet från årsstämman den 14 april 2020, beslutat om och genomfört en nyemission om 4 062 000 aktier (den "Riktade Nyemissionen"). Teckningskursen för aktierna i den Riktade Nyemissionen uppgick till 16 kronor per aktie. Genom den Riktade Nyemissionen tillförs Acconeer cirka 65 miljoner kronor före avdrag för transaktionskostnader. Den Riktade Nyemissionen tecknades av Alps Alpine Co., Ltd. samt ett antal institutionella investerare.
Acconeer completes a directed new share issue of 4,062,000 new shares, raising proceeds of approximately SEK 65 million
The board of directors of Acconeer AB ("Acconeer" or the "Company") has, in accordance with the Company's press release earlier today, with support of the authorization granted by the annual general meeting 14 April 2020, resolved on and carried out a new share issue of 4,062,000 shares (the "Directed New Share Issue"). The subscription price of the shares in the Directed New Share Issue amounts to SEK 16 per share. Through the Directed New Share Issue Acconeer will receive proceeds amounting to approximately SEK 65 million before deduction of transaction costs. The Directed New Share Issue was subscribed for by Alps Alpine Co., Ltd. and a number of institutional investors.
Acconeer AB ("Acconeer" eller "Bolaget") offentliggör idag sin avsikt att genomföra en riktad nyemission om cirka 60 miljoner SEK till svenska och internationella institutionella investerare (den "Riktade Nyemissionen"). Alps Alpine Co., Ltd., en världsledande tillverkare av elektronikkomponenter, moduler och system för bilar, har åtagit sig att teckna aktier för högst 3 miljoner USD i den Riktade Nyemissionen.
Acconeer AB ("Acconeer" or the "Company") today announces its intention to carry out a directed new share issue of approximately SEK 60 million to Swedish and international institutional investors (the "Directed New Share Issue"). Alps Alpine Co., Ltd., a world-leading manufacturer of electronic components, modules, and systems for cars, has undertaken to subscribe for shares corresponding to a maximum of USD 3 million in the Directed New Share Issue.