InCoax Networks AB presents new financial goals
InCoax expects continued growth, and the recently announced strategic collaboration with Nokia strengthens InCoax's opportunities for further sales expansion in the coming years.
The coming quarters will be marked by continued fluctuating sales, but over the next 3-5 year period, the board and company's goal is to achieve an average of:
- At least 50% annual organic revenue growth
- Positive operational cash flow and an EBIT margin of at least 10% from 2025
InCoax's MoCA AccessTM-based system solution addresses a potential market of more than 150 million households in Europe and North America alone that need to upgrade to high-speed broadband. A large portion of these households are in multi-dwelling units (MDUs) where a significant number already have existing coaxial cable networks installed. In addition to these markets, there are Australia and Asia, where several operators have shown interest in the solution.
InCoax's system solution offers a fast, cost-effective, and environmentally friendly connection and installation via the coaxial cable network that provides a fiber-like user experience for subscribers in MDUs where, for various reasons, it is not possible to run fiber all the way to the apartments.
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 person set out below, at 08.30 CEST on June 26, 2024.
For additional information, please contact:
Jörgen Ekengren, CEO, InCoax Networks AB
[email protected]
+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, Kungsgatan 34, 7tr, 111 35 Stockholm, [email protected], is acting as the company’s Certified Adviser.
