InCoax had a strong third quarter: the net sales were the highest ever for a single quarter, which means that the company are in line with its financial goal to double sales in 2023 compared to 2022. InCoax remains committed to a highly promising quote process with significant value creation potential.
Financial performance
July -
- Net sales amounted to
SEK 14,718,962 (1,482,530), sales in line with budget, driven by sales to a US-based FiberLAN operator. -
Operating profit amounted to
SEK -1,846,136 (-7,730,587) driven by increased sale. -
Earnings after tax amounted to
SEK -1,871,146 (-7,783,587), and earnings per share amounted toSEK -0.03 (-0.19). -
The period's cash flow including financing activities was
SEK -17,298,062 (-12,400,922).
January -
- Net sales amounted to
SEK 36,968,769 (11,311,054), sales in line with budget, driven by sales to a US-based FiberLAN operator. -
Operating profit amounted to
SEK -11,245,281 (-19,075,305), an improvement driven by increased sale. -
Earnings after tax amounted to
SEK -11,533,606 (-19,185,787), and earnings per share amounted toSEK -0.16 (-0.47). -
The period's cash flow including financing activities was
SEK -26,505,609 (-10,087,945).
Significant events during the quarter
InCoax Networks AB receives add-on order ofSEK 14M from the US based Tier-1 operator.
Significant events after the quarter
- 5G FWA Extension technology is the key to reaching faster speeds faster in apartment complexes says InCoax (article).
InCoax Networks AB (publ) publishes appointed Nomination Committee.
Full the full report, please download the attached PDF. The full report is also available at https://www.incoax.com/investor-information/ .
This information is such information as
For additional information, please contact:
jorgen.ekengren@incoax.com
+46 73 899 55 52
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https://news.cision.com/incoax-networks-ab/r/incoax-networks-ab-interim-report--july---september-2023,c3868345
https://mb.cision.com/Main/15562/3868345/2404772.pdf
https://mb.cision.com/Public/15562/3868345/b267ae4b34d4df45.pdf
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