Sweden's InCoax Networks Q2 loss shrinks due to cost cuts; revenue hit by low customer activity

InCoax Networks AB

14/08/2026 07:44

Overview
Sweden fiber access extension provider's Q2 sales declined sharply yr/yr
Company posted smaller Q2 net loss and loss per share
Company carried out directed share issue of SEK 11.2 mln

Outlook
Company did not provide specific financial guidance for the current or future periods

Result Drivers
LOW ACTIVITY - Revenue decreased due to lower level of activity from larger customers
PRODUCT PORTFOLIO EXPANSION - Co broadened its product portfolio and launched Fiber Extension to target new customer segments
COST REDUCTION - Co said it reduced ongoing cost level by about 40% through completed transformation

Company press release: ID:nWkr6TktwN

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
SEK 4.49 mln
 
Q2 Loss Per Share
 
SEK 0.08
 
Q2 Net Loss
 
SEK 9.81 mln
 

Analyst Coverage
Wall Street's median 12-month price target for InCoax Networks AB is SEK1.50, about 66.7% above its August 13 closing price of SEK0.90

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Aug 13 - Actelis Networks Q2 revenue rises, gross margin expands

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)