Q2 2023 Financial Report

Genexis Group presents the Q2 2023 financial report.

During Q2 in 2023, the market continued to suffer from the “post-component shortage” situation described in the Q1 report, resulting in weaker revenue compared to the same period last year. Despite the slowdown the first half of 2023, we see signs that demand is picking up gradually.

Genexis Group AB is headquartered in Stockholm with operations through its subsidiaries in Europe. Genexis offers user-friendly and easy-to-install broadband products in the fiber-to-the-home and WiFi segments. The products are based on market leading technology, have a patented design and are fully manageable using the company's CloudSight platform. Genexis Group also includes IOPSYS, the company behind IOWRT, an open source hardware-independent software that enables broadband operators to lower their TCO as well as offer next-generation services independent of CPE platforms.