InCoax Networks AB’s Interim Report, January – June 2020
Field test order from big US ISP, Project agreement with a North American Tier-1 operator, as well as entered three distributor- and VAR-agreements in Germany, US and Canada.Financial performance April–June 2020 · Net sales amounted to SEK 440,445 (1,108,187), corresponding to a year-on-year decrease of 60%. · The operating loss was SEK –14,623,807 (–18,654,944), an improvement primarily driven by the focusing of activities and reduced consultant costs. · The loss after tax was SEK –14,696,125 (–18,695,898), corresponding to earnings per share of SEK –0.80 (–1.51). · Cash