Acconeer (ACCON) Q1 2025 earnings summary

Executive summary

• Net sales increased 20% year-over-year to KSEK 13,609, with 300,000 sensors sold and a 61% product sales margin.

• Result after taxes improved to KSEK -6,796 from KSEK -12,241 year-over-year; EPS was SEK -0.11 compared to SEK -0.45.

• Cash flow from operating activities was KSEK -6,661, a significant improvement from KSEK -12,218 year-over-year.

• Share issues raised approximately SEK 50 million, strengthening liquidity and deepening partnership with Alps Alpine.

• Expanded global distributor network with a franchise deal with Future Electronics and received major orders in cargo tracking and level measurement.

Financial highlights

• Gross margin on sales of goods was 61% (56% year-over-year); overall gross margin was 67% (68%).

• Operating result was KSEK -7,007, improved from KSEK -7,841 year-over-year; operating margin at -51% versus -69%.

• Cash and cash equivalents at period end were KSEK 66,491, up from KSEK 8,350 year-over-year.

• Total equity increased to KSEK 270,019 from KSEK 246,746 year-over-year; equity ratio at 93% (78%).

• Average number of employees was 52, down from 55 year-over-year.

Outlook and guidance

• Financial targets: net sales >SEK 300 million in 2027, EBIT break-even in 2025, first cash flow positive quarter in 2026, long-term EBIT margin ≥25%.

• Management expects continued global product delivery despite economic and currency headwinds.

• Ongoing development of next-generation A2 radar sensor with promising lab results.