Acconeer (ACCON) Q4 2025 earnings summary

Executive summary

• Q4 2025 net sales reached SEK 17.2 million, up 67% year-over-year, marking a second consecutive record quarter.

• Full-year 2025 net sales were SEK 57.9 million, a 13% increase from 2024.

• Q4 saw 199,000 sensors and 67,000 modules sold, with 14 new customer launches.

• Sales outside automotive grew 73% to SEK 41.8 million, while automotive sales fell 57% to SEK 7.6 million.

• Several significant orders and design wins were secured in Q4, including the first volume order for the next-generation radar sensor.

Financial highlights

• Q4 gross margin on sales of goods was 35% (down from 40%); full-year gross margin was 51% (down from 56%).

• Q4 result after taxes was SEK -5.7 million (improved from SEK -8.0 million); full-year result after taxes was SEK -20.1 million (improved from SEK -31.5 million).

• Q4 operating margin was -36% (improved from -87%); full-year operating margin was -37% (improved from -56%).

• Q4 EPS was SEK -0.08 (improved from SEK -0.13); full-year EPS was SEK -0.29 (improved from SEK -0.60).

• Cash flow from operating activities for the year was SEK -16.9 million (improved from SEK -29.0 million).

• Cash and cash equivalents at year-end were SEK 43.4 million.

Outlook and guidance

• Order coverage for 2026 in automotive already exceeds total 2025 automotive sales.

• First EBIT-positive quarter achieved in Q3 2025; first cash flow positive quarter targeted for 2026.

• Revenue target of over SEK 300 million in 2027 and long-term EBIT margin of at least 25%.