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Acconeer Q3 revenue rises to record high, margin improves

By Reuters News


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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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