InCoax started 2024 with the strongest quarter in the company's history, featuring increased sales, maintained gross margin, improved operational cash flow, and a positive net result. The collaboration with Nokia paves the way for increased growth over time.
Financial performance
January -
- Net sales amounted to
SEK 30,793,125 (12,931,661). Sales was driven by for the quarter large sales to a US-based FiberLAN operator. -
Operating profit amounted to
SEK 4,344,935 (-3,082,507), a change driven by an increase in sale. -
Earnings after tax amounted to
SEK 4,326,106 (-3,190,126), and earnings per share amounted toSEK 0,04 (-0,04). -
The period's cash flow incl. financing activities was
SEK 33,416,864 (2,123,671).
Significant events during the quarter
January
- Bulletin from the extraordinary general meeting in
InCoax Networks AB . - InCoax publishes prospectus in connection with rights issue.
- InCoax secures orders of 545 kUSD (5.4 MSEK) from US-Based FiberLAN operator.
- InCoax publishes supplementary prospectus in connection with rights issue.
-
InCoax announces the outcome of the rights issue, which was subscribed at 123% and provides the company with
SEK 52.6 million before issuance costs.
February
- InCoax receives orders totaling
2 million USD (approximately21 million SEK ) from the US-based FiberLAN operator.
March
- From
March 1, 2024 ,Andreas Bergman has been appointed Chief Commercial Officer (CCO) and member of the management team of InCoax.Helge Tiainen remains in the InCoax management team as responsible for Business Development and Standardization. - InCoax Networks AB Year End Report 2023.
Full the full report, please download the attached PDF. The full report is also available at incoax.com.
This information is such information as
For additional information, please contact:
jorgen.ekengren@incoax.com
+46 73 899 55 52
About
The technology is a high performance, future proof, reliable and cost-effective complement, that reduces installation time and improves take-up rate, to boost digital inclusion and Internet access for all.
To keep updated on corporate information, visit incoax.com.
https://news.cision.com/incoax-networks-ab/r/incoax-networks-ab-interim-report--january---march-2024,c3974401
https://mb.cision.com/Main/15562/3974401/2781599.pdf
https://mb.cision.com/Public/15562/3974401/ba0312cb4fa373ff.pdf
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