InCoax Networks AB Year-End Report 2020
Follow-on order from operator of strategic importance and great growth potential. Development project with American Tier-1 operator is proceeding according to plan.Financial performance October – December 2020 · Net sales amounted to SEK 2,720,249 (576,547), corresponding to a substantial year-on-year increase of 371 %, due to the first invoice to a major American customer. · The operating loss was SEK –8,637,219 (–18,022,832), an improvement on basically all accounts. Increase in sales, over-all decrease in costs and lower costs for personnel. Also implementing the method of