Acconeer Q3 revenue rises to record high, margin improves
Overview
Sweden semiconductor maker's Q3 revenue grew 42% yr/yr, fifth consecutive record quarter
Company delivered record half a million sensors, gross margin rose to 60%
EBITDA and net result for Q3 were negative, with operating cash flow also negative
Outlook
Company did not provide specific financial guidance for the current or coming quarters in the press release
Result Drivers
RECORD SENSOR DELIVERIES - Co said it delivered half a million sensors in Q3, the highest quarterly volume in its history
HIGHER PRODUCT SALES MARGIN - Co said product sales margin improved to 60% from 53% in previous quarter
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | SEK 23.50 mln | ||
Q3 Adjusted Loss Per Share | SEK 0.12 | ||
Q3 Operating Cash Flow | -SEK 3.84 mln |
Reuters Recommended Reads
Oct 22 - Nordic Semiconductor Q3 revenue beats estimates
Oct 21 - Sweden's HMS Networks Q3 sales rise 15%, meet expectations
Oct 21 - Texas Instruments Q3 revenue beats on growth in industrial, automotive, data center markets
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)