InCoax Networks AB Interim Report, January – September 2020
Initial volume order from a large US Internet Service Provider (ISP), extended scope project agreement with Tier 1 Operator in North America and signed VAR-agreement in the UK and Germany.Financial performance July – September 2020 · Net sales amounted to SEK 346,553 (178,947), corresponding to a year-on-year increase of 93%. · The operating loss was SEK –17,160,056 (–13,624,785), driven by a stock devaluation of3 891 000 SEK within hospitality in a segment which has been effected by a weakening in demand due to Covid-19. In addition, the capitalization model has been