InCoax Networks AB informs about the business situation and communicates updated financial targets
During the first half of the year, InCoax has had ongoing discussions with the American Tier-1 operator regarding the final step (productification and commercialization) of InCoax MoCA Access-based multigigabit solution for fiber extension in multi-family houses. The American Tier-1 operator continues to show great interest but has decided, due to other previously initiated internal projects, to wait until the financial year 2023 to move forward in the process.The Board’s assessment now is that InCoax will have net sales of SEK 25 million for 2022. The previously communicated growth targets