Brief: InCoax Networks: New Financial Targets

InCoax Networks AB

20/01/2022 07:44

Jan 20 (Reuters) - InCoax Networks AB  INCOAX.ST :
    * INCOAX NETWORKS AB PUBLICIZE NEW FINANCIAL TARGETS
    * FOR CURRENT FISCAL YEAR, 2022, TARGET IS TO DOUBLE NET
TURNOVER
COMPARED TO 2021
    * FOR FISCAL YEAR 2023, AIM IS TO CONTINUE GROW NET TURNOVER
AT A
CONSIDERABLE PACE
    * NOT COUNTING A POTENTIAL SERIAL ORDER FROM NORTH AMERICAN
TIER-1
OPERATOR WE ESTIMATE THAT TURNOVER WILL GROW AT LEAST ANOTHER
50% 2023
    * INCREASED FOCUS ON SAAS AND CONTINUED EXPANSION WILL, IN
TIME,
IMPROVE GROSS MARGIN AND SOFTEN NEED FOR WORKING CAPITAL

Source text for Eikon:  ID:nWkr49LlXP 
Further company coverage:  INCOAX.ST 

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