Acconeer (ACCON) Q4 2024 earnings summary

Executive summary

• Q4 2024 net sales were KSEK 10,280, nearly flat year-over-year; full-year net sales rose 44% to KSEK 51,320.

• Gross margin for Q4 was 40% (60% prior year), impacted by inventory adjustment; full-year gross margin was 56% (62%).

• Net loss after tax improved to KSEK -7,992 in Q4 and KSEK -31,479 for the year, both better than 2023.

• Cash flow from operations improved year-over-year; cash and equivalents at year-end were KSEK 53,757.

• No significant events in Q4; post-period, a global franchise deal and SEK 50 million capital raise were announced.

Financial highlights

• Q4 net sales: KSEK 10,280 (Q4 2023: 10,612); full-year: KSEK 51,320 (2023: 35,522).

• Q4 gross margin: 40% (60%); full-year: 56% (62%).

• Q4 net loss: KSEK -7,992 (Q4 2023: -11,289); full-year: KSEK -31,479 (2023: -46,504).

• Q4 EPS: SEK -0.13 (Q4 2023: -0.42); full-year: SEK -0.60 (2023: -1.76).

• Cash flow from operations: Q4 KSEK -4,890 (Q4 2023: -9,846); full-year KSEK -28,984 (2023: -37,276).

Outlook and guidance

• Targeting net sales >SEK 300 million in 2027; EBIT break-even in 2025.

• Aims for first cash flow positive quarter in 2026 and long-term EBIT margin of at least 25%.

• Proceeds from new share issues to fund A2 development and launch.

• Strict cost control and sales resource increase expected to support growth.