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InCoax Networks (INCOAX) investor relations material
InCoax Networks Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Transitioned from development to commercial execution, with key launches and initial installations in North America and Germany, strengthening commercial positioning.
Launched first product in Nokia's Gigabit Connect platform, enabling global Tier 1 channel access and validating technology for broader market reach.
Achieved strategic breakthrough in Germany with Deutsche GigaNetz for in-building fiber extension, opening a major European market.
Reduced cost base by over 40% and restructured management to focus on commercial execution, aiming for cash flow break-even at SEK 20–25 million in quarterly revenue.
Financial highlights
Net sales for Q1 2026 were SEK 1.6 million, down 94% year-over-year; gross margin rose to 91% from 64%.
Operating profit (EBITA) was SEK -11.0 million, and profit after tax was SEK -14.6 million; EPS was SEK -0.11.
Cash flow for the quarter was SEK -4.6 million, with cash and cash equivalents at SEK 4.1 million at period end.
Equity ratio at quarter end was 64%.
Outlook and guidance
Focus on converting pipeline into orders, increasing installations, and establishing recurring deliveries.
Expecting visible revenue ramp-up in the second half of 2026, with the goal to reach cash flow break-even within the coming year.
- Transitioning to commercial execution, the company targets positive cash flow in 2026.INCOAX
Q4 20256 Mar 2026 - Q3 2025 sales fell sharply, but margin gains and new launches support a positive long-term outlook.INCOAX
Q3 202531 Oct 2025 - Sales declined sharply, but margin and strategic positioning improved for future growth.INCOAX
Q2 202515 Aug 2025 - Q3 2024 net sales rose 15% year-over-year, with strong progress in US and Nokia partnerships.INCOAX
Q3 202413 Jun 2025 - Net sales more than doubled year-over-year, with Nokia partnership driving future growth.INCOAX
Q2 202413 Jun 2025 - Lower sales offset by higher margins and new orders; growth outlook remains strong.INCOAX
Q1 20256 Jun 2025 - 25% sales growth and strategic partnerships set the stage for long-term expansion.INCOAX
Q4 20245 Jun 2025
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