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InCoax Networks AB Interim Report, January – March 2023

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During Q1, deliveries to the US-based fiber/LAN operator Google Fiber continued, and together with other sales, this meant a strong quarter for InCoax in which the sales was more than doubled, compared to the same quarter of 2022.

Financial performance

January – March 2023

  • Net sales amounted to SEK 12,931,661 (5,688,149), higher sales than the previous year, driven by sales to a US-based Fiber/LAN operator.
  • Operating profit amounted to SEK -3,082,507 (–6,293,170), an improvement driven by increased sales and a positive gross profit.
  • Earnings after tax amounted to SEK -3,190,126 (–6,325,613), and earnings per share amounted to SEK -0.04 (–0.15).
  • The quarter's cash flow incl. financing activities was SEK 2,123,671 (-9,283,184).

Significant events during the quarter

  • Alf Eriksson appointed Chief Product and Portfolio Officer.
  • InCoax Networks AB announces change of Certified Adviser to Vator Securities AB.

Significant events after the end of the quarter

  • InCoax Networks AB strengthens the management team with Jakob Tobieson as Chief Operations Officer, COO.

Full the full report, please download the attached PDF. The full report is also available at incoax.com.

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 CEST on May 5, 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) is reusing existing property coaxial networks for broadband access in
Fiber-To-The-Home (FTTH) deployments for Communication Service Providers (CSP) globally.
The technology is a high performance, future proof, reliable and cost-effective complement to fiber,
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.

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