Q1 2025 Acconeer AB Earnings Call Transcript
Key Points
- Acconeer AB (OSTO:ACCON) reported a 20% year-on-year revenue growth, reaching SEK13.6 million for Q1 2025.
- The gross margin on product sales improved to 61%, up from 56% in the same quarter last year.
- Product sales saw a significant increase with a 42% year-on-year growth and a 48% quarter-over-quarter growth.
- The company sold 295,000 radar sensors during the quarter, with 14 new customer product launches.
- Acconeer AB (OSTO:ACCON) reconfirmed its target to achieve its first EBIT positive quarter in 2025.
- Service revenue is declining as the A2 development work is finalized, which may impact overall revenue growth.
- The company still holds a high inventory level at SEK52.5 million, indicating potential inefficiencies in inventory management.
- Despite improvements, the EBIT remains negative at minus SEK6.8 million.
- The cash flow from operating activities, although improved, still reflects a negative trend with investing activities at minus SEK10.7 million.
- The automotive segment faces uncertainties due to geopolitical factors like tariffs, which could impact future growth.
Hi and welcome to Redeye and this live queue with Acconeer. Today, we have CEO, Ted Hansson with us to discuss the first quarter of the year for Acconeer. The -- it will be first, presentation, followed by a Q&A session. (Event Instructions) But with that said, I welcome Ted Hansson to hold your presentation. Welcome.
Thank you and good morning to everyone. So today, I will go through the 2025 Q1 earning report. I will have a brief operational update and as Rasmus said, we will have a Q&A session after that. So let's jump into the Q1 report.
First, looking at the revenue and gross margin, we saw a SEK13.6 million revenue during the quarter, which is a 20% year-on-year growth, and the gross margin on product sales was 61%, up from 56%, the same quarter last year.
To the right, you see a graph that shows how the revenue changed from Q1 2024 to Q1 2025. As you can see, we have two types of revenue. We have a product sales, which is basically the sensors
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