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accent-soc.com

Founded Year

1993

Stage

Series B | Alive

Total Raised

$20.31M

Last Raised

$7M | 12 yrs ago

About Accent

Founded in 1993, Accent (www.accent-soc.com) is an ISO 9001:2008 certified world leader in semiconductor integration of communications and metering technologies for the Smart Grid industry. The company is backed by renowned investors such as Sofinnova Partners and Tallwood Venture Capital. Accent is a worldwide operation with offices in Italy, China, France, and United States. Accent's ASMgrid modular, silicon platform offering integrates the widest technology breadth providing Smart Grid equipment manufacturers solution flexibility, rapid time to market, and significantly lowered production costs.

Accent Headquarter Location

Via Torri Bianche 3

Vimercate, 20059,

Italy

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Expert Collections containing Accent

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Accent is included in 1 Expert Collection, including Semiconductors, Chips, and Advanced Electronics.

S

Semiconductors, Chips, and Advanced Electronics

6,022 items

Companies in this collection develop everything from microprocessors to flash memory, integrated circuits specifically for quantum computing and artificial intelligence to OLED for displays, massive production fabs to circuit design firms, and everything in between.

Accent Patents

Accent has filed 15 patents.

The 3 most popular patent topics include:

  • Aircraft components
  • Aircraft controls
  • Architectural elements
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/14/2020

4/26/2022

Natural language processing, Computational linguistics, Machine learning, Tasks of natural language processing, Artificial intelligence

Grant

Application Date

1/14/2020

Grant Date

4/26/2022

Title

Related Topics

Natural language processing, Computational linguistics, Machine learning, Tasks of natural language processing, Artificial intelligence

Status

Grant

Latest Accent News

Why the Accent (ASX:AX1) share price is sinking 9% today

Nov 19, 2021

The Accent share price is ending the week deep in the red… James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn't looked back since. James is part of the CFA Institute's Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns. You can see James' holdings here . Latest posts by James Mickleboro ( see all ) In early trade, the footwear retailer’s shares have fallen 9% to $2.34. Why is the Accent share price tumbling today? Investors have been selling down the Accent share price today following the release of a trading update ahead of its annual general meeting. As you may have guessed from the share price reaction, that update was not an overly positive one. According to the release, trade for the first 18 weeks of FY 2022 (ended 31 October) was significantly impacted by the state and territory-wide government mandated store closures in New South Wales, Victoria, and the ACT. Extensive lockdowns were also experienced in New Zealand, where Accent has a large and growing store network. These closures across Australia and New Zealand impacted more than 60% of the company’s store portfolio (more than 400 stores), which unsurprisingly impacted its sales and gross margin. Management estimates that the impact on owned retail sales (including digital) for the first 18 weeks was $86 million. This is approximately 26% below the original management plan. In addition, Accent’s gross margin was down by 700 basis points as it continued its targeted promotional activity to ensure that inventory was well managed. And while the company made savings on controllable costs, it wasn’t enough to stop its earnings falling well-short of plan. Management estimates that its group earnings before interest and tax is $40 million below the original management plan for the first four months of FY 2022. What about the future? The good news is that Accent appears to be over the worst of its issues now. Management notes that it inventories remain clean of aged stock and there is approximately $20 million of additional stock largely sitting in core and current seasonal styles. As a result, it believes the company is well positioned to take advantage of customer demand from November to January, and is not expecting any material impacts or inventory shortfalls from globally reported supply chain issues. However, due to the ongoing uncertainty around trading conditions due to COVID-19, Accent has decided not to provide any forward guidance at this time. Accent CEO, Daniel Agostinelli, commented:  said “Given the significant short-term impact of the government mandated store closures around Australia and in New Zealand, I am pleased to say that we have exited this period “Match Fit”, with our stores, team and inventory in great shape to take advantage of the key Cyber, Christmas and Back-to-School trading periods. We have continued to invest through this period in the key elements of our growth plan and these remain well on track. Most pleasing is the progress in new stores with more than 120 new stores to open this year.” Should you invest $1,000 in Accent right now? Before you consider Accent, you'll want to hear this. Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Accent wasn't one of them. The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more. * And right now, Scott thinks there are 5 stocks that are better buys.

Accent Web Traffic

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Accent Rank

  • When was Accent founded?

    Accent was founded in 1993.

  • Where is Accent's headquarters?

    Accent's headquarters is located at Via Torri Bianche 3, Vimercate.

  • What is Accent's latest funding round?

    Accent's latest funding round is Series B.

  • How much did Accent raise?

    Accent raised a total of $20.31M.

  • Who are the investors of Accent?

    Investors of Accent include Tallwood Ventures, Cape Natixis SGR SpA and Sofinnova Partners.

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