InCoax Networks AB’s Interim Report, January – March 2020
Substantial progress in efforts to establish collaborations with major operators and three distributor and VAR agreements signed, of which two in North America.Financial performance January–March 2020 · Net sales amounted to SEK 241,767 (958,386), which is equivalent to a decrease of 72% compared with the corresponding period in the preceding year. · The company posted an operating loss of SEK –17,371,881 (–14,805,760), a reduction driven primarily by organizational growth and costs related to severance pay for the former CEO. · The loss after tax was SEK –17,411,159 (–14,848,