Acconeer AB (ACCON) AI Stock Analysis

• Market Cap: kr878.92M
• Dividend Yield: N/A
• Average Volume (3M): 309.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.37
• Revenue Growth: -1.32%
• EPS Growth: 51.89%
• Country: SE
• Employees: 52
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): <0.01
• Shares Outstanding: 73,121,530
• 10 Day Avg. Volume: 343,756
• 30 Day Avg. Volume: 309,094
• PEG Ratio: 0.12
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 4.84
• P/FCF Ratio: -7.75
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.93
• Revenue Forecast (FY): kr542.88M

• Rating: 54 Neutral
• Price Target: kr12.00 ▲(0.84% Upside)

The score is held back primarily by weak financial performance (continued losses and negative cash flow), partially offset by a strong, low-leverage balance sheet. Technicals are supportive with an uptrend across key moving averages and positive momentum indicators, but valuation remains unattractive/unclear due to the negative P/E and no dividend yield data.

Positive Factors

Low leverage / strong balance sheet

Zero reported debt and a sizable equity base provide durable financial flexibility. This lowers refinancing and interest risk, extends runway for R&D and commercialization, and gives the company time to convert design-wins into volume shipments without immediate funding pressure.

High product-level gross margins

Mid-60% gross margins indicate strong unit economics for sensors and software bundling. If volumes recover, these margins allow scalable profitability, fund continued product development, and make OEM partnerships economically attractive over the medium term.

Niche product and integrated go-to-market

A focused offering (ultra-low-power radar plus SDKs and eval kits) creates a technical moat for embedded/IoT design-wins. Reference designs and tools reduce integration friction, increasing chance of long-term customer adoption and recurring volume when partners scale products.

Negative Factors

Persistent negative operating and free cash flow

Continued negative OCF and FCF force reliance on balance-sheet liquidity or external financing. Over months this constrains investment cadence, increases dilution risk if capital raises are needed, and limits ability to accelerate commercialization or support customers through long design cycles.

Ongoing net losses and weak profitability

Deep negative net margins persist despite improvement, reflecting a long path to sustainable profits. Continued losses erode shareholder value and reduce internal funding for growth initiatives, making the business dependent on successful revenue scale-up to justify current investments.

Uneven revenue growth and recent decline

Sharp revenue decline and historical volatility signal difficulty converting design-wins into stable volume. This inconsistent top-line undermines predictability, complicates capacity planning and partner relations, and raises execution risk for reaching profitable scale over the coming months.

Acconeer AB Business Overview & Revenue Model

Company Description

Acconeer AB (publ) develops radar sensing solutions worldwide. It offers A1 radar sensor, a high precision pulsed short-range radar sensor that is delivered as a one chip system in package solution with embedded radio and antenna for detecting various objects at close range with single measurements, as well as continuous sweeps set to any frequency up to 1500 Hz. The company also provides XM132 entry module, an integration-ready radar module with optimized for selected use cases; XM122 Internet of Things (IoT) module, a low power connected radar module with optimized circular form factor; XM112 pulsed coherent radar module that offers high precision distance measurement with mm accuracy and high update rate frequency; X112, a development kit, which includes a connector board and a radar sensor board for the development of applications; and A1 software development kit that includes radar sensor services, detectors, and application programming interface. Acconeer AB (publ) has a collaboration agreement with Alps Alpine for the research and development of pulsed coherent radar, A2. Its products are used in robot, consumer electronics, IoT, industrial and agriculture, healthcare and fitness, and automotive applications. The company was founded in 2011 and is headquartered in Malmö, Sweden.

How the Company Makes Money

Acconeer AB makes money through the sale of its proprietary radar sensor products and technology licensing. The company generates revenue by selling its sensors to manufacturers and developers who integrate these sensors into their own products, such as smartphones, IoT devices, and vehicles. Additionally, Acconeer licenses its technology to partners, allowing them to use its patented technologies in their own applications, which provides a recurring revenue stream. The company also engages in strategic partnerships and collaborations to expand its market reach and enhance its technology offerings, contributing to its revenue growth.

Acconeer AB Financial Statement Overview

Summary

Acconeer AB is experiencing strong revenue growth, supported by a solid equity base and no debt liabilities. However, the company faces challenges with profitability and cash flow management, requiring strategic improvements to enhance operational efficiency and reduce dependency on external financing.

Income Statement

Acconeer AB's revenue has shown significant growth over the years, notably a 44.48% increase from 2023 to 2024. However, the company is struggling with profitability, as indicated by negative net income and EBIT margins consistently over time. The gross profit margin remains positive at 64.04%, but the net profit margin is heavily negative due to substantial operating losses.

Balance Sheet

The company maintains a strong equity position with a debt-free balance sheet and a high equity ratio of 90.67%. Despite this strength, the return on equity remains negative due to continued net losses. The company has consistently increased its stockholders' equity, reflecting strong investor support.

Cash Flow

Free cash flow remains negative, though there was an improvement in operating cash flow from 2023 to 2024. Financing activities have been robust, indicating reliance on external funding. The free cash flow to net income ratio is concerning, highlighting cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	49.03M	51.32M	35.52M	46.83M	31.16M	9.51M
Gross Profit	31.52M	32.87M	25.57M	30.87M	25.33M	5.76M
EBITDA	-24.74M	-23.77M	-43.10M	-45.38M	-39.70M	-50.54M
Net Income	-27.24M	-31.48M	-46.50M	-47.10M	-51.17M	-62.30M
Balance Sheet
Total Assets	280.63M	251.18M	199.22M	190.68M	223.22M	128.44M
Cash, Cash Equivalents and Short-Term Investments	69.57M	53.76M	38.65M	89.88M	156.86M	82.17M
Total Debt	0.00	0.00	27.45M	0.00	0.00	0.00
Total Liabilities	18.93M	23.46M	66.93M	19.16M	23.53M	7.95M
Stockholders Equity	261.69M	227.72M	132.29M	171.51M	199.70M	120.49M
Cash Flow
Free Cash Flow	-45.90M	-32.09M	-85.99M	-85.94M	-55.66M	-58.41M
Operating Cash Flow	-42.68M	-32.09M	-49.35M	-62.53M	-42.59M	-56.39M
Investing Cash Flow	-46.38M	-52.27M	-36.64M	-23.41M	-13.06M	-2.02M
Financing Cash Flow	49.61M	99.47M	34.76M	18.97M	130.34M	62.62M

Acconeer AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ACCON, the sentiment is Positive. The current price of 11.9 is below the 20-day moving average (MA) of 12.09, above the 50-day MA of 11.18, and above the 200-day MA of 6.86, indicating a neutral trend. The MACD of 0.24 indicates Positive momentum. The RSI at 50.54 is Neutral, neither overbought nor oversold. The STOCH value of 35.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ACCON.

Acconeer AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SGG	61 Neutral	kr484.28M	-55.95	―	―	9.96%	-176.74%
ACCON	54 Neutral	kr878.92M	-34.46	-9.00%	―	-1.32%	51.89%
GPX	46 Neutral	kr66.03M	-6.73	―	―	-15.54%	-263.54%
INSP	44 Neutral	kr11.04M	-0.37	-93.13%	―	-0.75%	65.47%
FING.B	43 Neutral	kr70.45M	-0.77	-37.93%	―	-82.93%	94.83%