InCoax Networks AB communicates 2023 net sales are expected to exceed the financial target
InCoax observes a strong sales performance towards the end of 2023 and thereby communicates an update regarding the financial targets. The 2023 net sales are expected to reach approximately 60 million SEK, reflecting growth of approximately 130 percent compared to 2022. The previously communicated net sales target for 2023 was an increase of 100 percent compared to 2022 (equivalent of approximately 52 million SEK).
Operators face a common challenge in connecting existing multi-dwelling units to their fiber and radio access networks, necessitating alternative and complementary solutions to FTTH. InCoax is well-positioned to address this demand with rapid, straightforward, and cost-effective system solutions for fiber and radio access extension. This trend, coupled with orders within the home network segment, has propelled sales growth, resulting in InCoax expecting to exceed the previously communicated financial target for 2023.
The figures are preliminary and not verified by the company’s auditor. Complete financial information will be presented in connection with the year-end report which will be released on March 8th 2024.
Learn more about InCoax and its MultiGigabit solutions here.
This information is such information as InCoax Networks AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 08.30 CET on December 4, 2023.
For additional information, please contact:
Jörgen Ekengren, CEO, InCoax Networks AB
jorgen.ekengren@incoax.com
+46 73 899 55 52
About InCoax Networks AB
InCoax Networks AB (publ) re-purposes existing property coaxial networks in fiber and fixed wireless access (FWA) extension deployments for Communication Service Providers (CSP) globally.
The technology is a high performance, future proof, reliable and cost-effective complement, that reduces installation time and improves take-up rate, to boost digital inclusion and Internet access for all.
To keep updated on corporate information, visit incoax.com. Vator Securities AB, tel. +46 8-5800 6599, ca@vatorsec.se, is acting as the company’s Certified Adviser.