InCoax Networks（INCOAX）株式概要InCoax Networks AB (publish)は、欧州連合、北米、および国際的な光ファイバー/LANおよび固定無線アクセス事業者、インターネット・サービス・プロバイダー、ホスピタリティの顧客にネットワーク製品とソリューションを提供している。 詳細INCOAX ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績0/6財務の健全性3/6配当金0/6リスク分析キャッシュランウェイが1年未満である Swedish市場と比較して、過去 3 か月間の株価の変動が非常に大きい意味のある時価総額がありません ( SEK110M )意味のある収益がありません ( SEK45M )すべてのリスクチェックを見るINCOAX Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueSEK Current PriceSEK 0.8468.5% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-68m113m2016201920222025202620282031Revenue SEK 112.6mEarnings SEK 11.4mAdvancedSet Fair ValueView all narrativesInCoax Networks AB (publ) 競合他社Maven Wireless SwedenSymbol: OM:MAVENMarket cap: SEK 256.8mWaystream HoldingSymbol: OM:WAYSMarket cap: SEK 370.9mTagMasterSymbol: OM:TAGM BMarket cap: SEK 522.9mKebNiSymbol: OM:KEBNI BMarket cap: SEK 348.8m価格と性能株価の高値、安値、推移の概要InCoax Networks過去の株価現在の株価SEK 0.8452週高値SEK 2.0052週安値SEK 0.39ベータ-0.0111ヶ月の変化19.43%3ヶ月変化54.24%1年変化-47.91%3年間の変化-64.43%5年間の変化-82.06%IPOからの変化-91.20%最新ニュースお知らせ • May 22InCoax Networks AB (publ) Launches Incoax Fiber Extension SolutionInCoax Networks AB (publ) announced the launch of InCoax Fiber Extension, a new solution category developed to help fiber operators reduce installation complexity and accelerate customer activation in single-family homes and selected smaller apartment buildings. The launch addresses a growing need in the U.S. fiber market, where operators are increasingly focused on converting fiber passings into active customers in a faster, less intrusive and more cost-effective way. According to the Fiber Broadband Association, U.S. fiber deployment reached a new record level in 2025, with 11.8 million new homes passed during the year and a total of 98.3 million FTTH passings when overlapping deployments are included. This means that the market is approaching 100 million FTTH passings and that fiber now passes more than 60% of U.S. households. The broader U.S. housing market further highlights the scale of the opportunity. According to the U.S. Census Bureau, the number of housing units in the United States reached approximately 148 million in 2025, and NAHB estimates that owner-occupied single-family detached homes account for approximately 70 million homes. This creates a substantial market for solutions that make the final in-home step of fiber activation more efficient. For fiber operators, the installation challenge increasingly moves inside the home or property. The most practical fiber entry point may be an outdoor cabinet, garage, basement or utility location, while the optimal position for the Residential Gateway is often elsewhere. By reusing existing point-to-point coaxial cabling, InCoax Fiber Extension enables operators to extend the fiber connection from the ONT location to a more suitable Residential Gateway location without new in-home fiber or Ethernet cabling. For InCoax, the launch expands the company's addressable market with a new solution category that complements its existing Fiber Access Extension and FWA Extension offerings. The solution is based on InCoax Fiber Extenders using MoCA 2.5 technology and is primarily intended for single-family homes but can also be used in selected smaller MDUs. Two Fiber Extenders are paired over a point-to-point coaxial connection, creating an unmanaged bridge between the fiber termination point and the customer gateway. The InCoax Fiber Extender F2511 supports symmetrical data rates up to 2.5 Gbps, automatic code-based pairing and no management capabilities. Fiber Extension differs from InCoax Fiber Access Extension and FWA Extension, which are managed access solutions for MDUs using an InCoax MoCA Access DPU, NTE modem and InCoax Manage for provisioning, monitoring and remote management. Fiber Extension, by contrast, does not require a DPU, NTE, EMS integration or subscriber profile management. InCoax Fiber Extender series also includes a Reverse Power Feed, RPF, version for scenarios where power at the fiber-side location may be limited or unavailable. The Fiber Extension solution is now available as part of InCoax's portfolio for operators and partners. Brochure and product information on Fiber Extension (Use Cases) are available.お知らせ • May 15InCoax Networks AB (publ), Annual General Meeting, Jun 12, 2026InCoax Networks AB (publ), Annual General Meeting, Jun 12, 2026, at 09:00 W. Europe Standard Time. Location: company premises at ideon science park, mobilvagen 10, lund SwedenReported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: kr6.51m (down 80% from 1Q 2025). Net loss: kr14.6m (loss widened 484% from 1Q 2025).お知らせ • May 07InCoax Networks AB (publ) to Report Q1, 2027 Results on May 07, 2027InCoax Networks AB (publ) announced that they will report Q1, 2027 results on May 07, 2027お知らせ • May 02InCoax Networks AB Announces D2508 ER For Large Apartment BuildingsInCoax Networks AB announced the D2508 ER, a MoCA AccessTM 2.5 DPU for extending fiber-based broadband over existing in-building coaxial networks in mid- to large-sized multi-dwelling units (MDUs). The D2508 ER is the first release in a new DPU form factor series from InCoax, designed for high-density deployments with shared coax infrastructure. It delivers symmetrical broadband services up to 2.5 Gbps per coax port with low latency, enabling service upgrades without replacing in-building wiring. The unit includes eight coax ports for distribution across multiple risers, supporting up to 31 network termination devices (NTE modems) per port and up to 248 in total (typically 64), depending on network topology. The ER designation refers to an extended range version with increased output power and link budget, designed for point-to-multipoint coaxial networks and more demanding in-building environments. The D2508 ER represents an important step in strengthening the D-series platform to better address varying building sizes and deployment requirements. By reusing existing coax infrastructure, the D2508 ER reduces the need for new in-building wiring and tenant access. This enables faster deployment, lower in-building CAPEX, and shorter time to revenue, while supporting service activation across more apartments, including at lower take-up rates. The platform includes eQoS for MoCA Access 2.5, enabling traffic prioritization and predictable performance under load across connected subscribers. It operates across a wide frequency range and coexists with legacy TV services and DOCSIS 3.0, allowing service upgrades without disrupting existing services. The D2508 ER supports GPON, XG-PON, XGS-PON and Active Ethernet through a 1 /2.5 /10 Gbps SFP+ uplink. It also supports remote management via standard interfaces and integration with InCoax Manage EMS or external systems. The IP67-rated enclosure with passive cooling supports both indoor and outdoor installation, including basements, pedestals or manholes at the building entry point. The D2508 ER is part of the InCoax D-series platform, designed to support scalable and efficient broadband extension across a wide range of building types and deployment scenarios. Leveraging existing in-building coax infrastructure, the platform enables both Fiber Access Extension and Fixed Wireless Access (FWA) extension with high performance and cost efficiency. The D2508 ER is available in regional variants for EU, US and UK markets.お知らせ • Apr 10InCoax Networks Implements Enhanced Quality of Service for MoCA Access in D-Series PlatformInCoax Networks has implemented eQoS (enhanced Quality of Service) in its D-series DPU platform, becoming the first to bring eQoS to MoCA Access. The enhancement introduces advanced bandwidth allocation, traffic classification and congestion handling over existing in-building coax, giving operators stronger control of capacity in Multi-Dwelling Units (MDUs). In MDUs, broadband quality is defined as much by busy-hour conditions as by peak speeds. When many residents are online simultaneously, networks must handle mixed traffic, from streaming and downloads to latency-sensitive services such as video meetings and voice. With eQoS, operators can apply more effective policies for capacity sharing and traffic prioritization. InCoax has also implemented eQoS management in the D-series platform through operator interfaces such as NETCONF/YANG and CLI. This enables integration with automation systems and simplifies large-scale provisioning, policy updates and consistent configuration across building portfolios. As a result, multi-service deployments combining internet, IPTV, voice and business services can be deployed and managed efficiently at scale. With eQoS, InCoax further strengthens the D-series platform as a foundation for managed service delivery in both Fiber Access Extension and FWA Extension deployments. This enables faster time to revenue in MDUs, more predictable service quality, and supports differentiated broadband offerings.最新情報をもっと見るRecent updatesお知らせ • May 22InCoax Networks AB (publ) Launches Incoax Fiber Extension SolutionInCoax Networks AB (publ) announced the launch of InCoax Fiber Extension, a new solution category developed to help fiber operators reduce installation complexity and accelerate customer activation in single-family homes and selected smaller apartment buildings. The launch addresses a growing need in the U.S. fiber market, where operators are increasingly focused on converting fiber passings into active customers in a faster, less intrusive and more cost-effective way. According to the Fiber Broadband Association, U.S. fiber deployment reached a new record level in 2025, with 11.8 million new homes passed during the year and a total of 98.3 million FTTH passings when overlapping deployments are included. This means that the market is approaching 100 million FTTH passings and that fiber now passes more than 60% of U.S. households. The broader U.S. housing market further highlights the scale of the opportunity. According to the U.S. Census Bureau, the number of housing units in the United States reached approximately 148 million in 2025, and NAHB estimates that owner-occupied single-family detached homes account for approximately 70 million homes. This creates a substantial market for solutions that make the final in-home step of fiber activation more efficient. For fiber operators, the installation challenge increasingly moves inside the home or property. The most practical fiber entry point may be an outdoor cabinet, garage, basement or utility location, while the optimal position for the Residential Gateway is often elsewhere. By reusing existing point-to-point coaxial cabling, InCoax Fiber Extension enables operators to extend the fiber connection from the ONT location to a more suitable Residential Gateway location without new in-home fiber or Ethernet cabling. For InCoax, the launch expands the company's addressable market with a new solution category that complements its existing Fiber Access Extension and FWA Extension offerings. The solution is based on InCoax Fiber Extenders using MoCA 2.5 technology and is primarily intended for single-family homes but can also be used in selected smaller MDUs. Two Fiber Extenders are paired over a point-to-point coaxial connection, creating an unmanaged bridge between the fiber termination point and the customer gateway. The InCoax Fiber Extender F2511 supports symmetrical data rates up to 2.5 Gbps, automatic code-based pairing and no management capabilities. Fiber Extension differs from InCoax Fiber Access Extension and FWA Extension, which are managed access solutions for MDUs using an InCoax MoCA Access DPU, NTE modem and InCoax Manage for provisioning, monitoring and remote management. Fiber Extension, by contrast, does not require a DPU, NTE, EMS integration or subscriber profile management. InCoax Fiber Extender series also includes a Reverse Power Feed, RPF, version for scenarios where power at the fiber-side location may be limited or unavailable. The Fiber Extension solution is now available as part of InCoax's portfolio for operators and partners. Brochure and product information on Fiber Extension (Use Cases) are available.お知らせ • May 15InCoax Networks AB (publ), Annual General Meeting, Jun 12, 2026InCoax Networks AB (publ), Annual General Meeting, Jun 12, 2026, at 09:00 W. Europe Standard Time. Location: company premises at ideon science park, mobilvagen 10, lund SwedenReported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: kr6.51m (down 80% from 1Q 2025). Net loss: kr14.6m (loss widened 484% from 1Q 2025).お知らせ • May 07InCoax Networks AB (publ) to Report Q1, 2027 Results on May 07, 2027InCoax Networks AB (publ) announced that they will report Q1, 2027 results on May 07, 2027お知らせ • May 02InCoax Networks AB Announces D2508 ER For Large Apartment BuildingsInCoax Networks AB announced the D2508 ER, a MoCA AccessTM 2.5 DPU for extending fiber-based broadband over existing in-building coaxial networks in mid- to large-sized multi-dwelling units (MDUs). The D2508 ER is the first release in a new DPU form factor series from InCoax, designed for high-density deployments with shared coax infrastructure. It delivers symmetrical broadband services up to 2.5 Gbps per coax port with low latency, enabling service upgrades without replacing in-building wiring. The unit includes eight coax ports for distribution across multiple risers, supporting up to 31 network termination devices (NTE modems) per port and up to 248 in total (typically 64), depending on network topology. The ER designation refers to an extended range version with increased output power and link budget, designed for point-to-multipoint coaxial networks and more demanding in-building environments. The D2508 ER represents an important step in strengthening the D-series platform to better address varying building sizes and deployment requirements. By reusing existing coax infrastructure, the D2508 ER reduces the need for new in-building wiring and tenant access. This enables faster deployment, lower in-building CAPEX, and shorter time to revenue, while supporting service activation across more apartments, including at lower take-up rates. The platform includes eQoS for MoCA Access 2.5, enabling traffic prioritization and predictable performance under load across connected subscribers. It operates across a wide frequency range and coexists with legacy TV services and DOCSIS 3.0, allowing service upgrades without disrupting existing services. The D2508 ER supports GPON, XG-PON, XGS-PON and Active Ethernet through a 1 /2.5 /10 Gbps SFP+ uplink. It also supports remote management via standard interfaces and integration with InCoax Manage EMS or external systems. The IP67-rated enclosure with passive cooling supports both indoor and outdoor installation, including basements, pedestals or manholes at the building entry point. The D2508 ER is part of the InCoax D-series platform, designed to support scalable and efficient broadband extension across a wide range of building types and deployment scenarios. Leveraging existing in-building coax infrastructure, the platform enables both Fiber Access Extension and Fixed Wireless Access (FWA) extension with high performance and cost efficiency. The D2508 ER is available in regional variants for EU, US and UK markets.お知らせ • Apr 10InCoax Networks Implements Enhanced Quality of Service for MoCA Access in D-Series PlatformInCoax Networks has implemented eQoS (enhanced Quality of Service) in its D-series DPU platform, becoming the first to bring eQoS to MoCA Access. The enhancement introduces advanced bandwidth allocation, traffic classification and congestion handling over existing in-building coax, giving operators stronger control of capacity in Multi-Dwelling Units (MDUs). In MDUs, broadband quality is defined as much by busy-hour conditions as by peak speeds. When many residents are online simultaneously, networks must handle mixed traffic, from streaming and downloads to latency-sensitive services such as video meetings and voice. With eQoS, operators can apply more effective policies for capacity sharing and traffic prioritization. InCoax has also implemented eQoS management in the D-series platform through operator interfaces such as NETCONF/YANG and CLI. This enables integration with automation systems and simplifies large-scale provisioning, policy updates and consistent configuration across building portfolios. As a result, multi-service deployments combining internet, IPTV, voice and business services can be deployed and managed efficiently at scale. With eQoS, InCoax further strengthens the D-series platform as a foundation for managed service delivery in both Fiber Access Extension and FWA Extension deployments. This enables faster time to revenue in MDUs, more predictable service quality, and supports differentiated broadband offerings.New Risk • Mar 08New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr20m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr20m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (kr70.6m market cap, or US$7.69m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding).お知らせ • Mar 06InCoax Networks AB (publ) to Report Q4, 2026 Results on Mar 05, 2027InCoax Networks AB (publ) announced that they will report Q4, 2026 results on Mar 05, 2027お知らせ • Dec 23InCoax Networks AB (publ) announced that it expects to receive SEK 17.5 million in funding from Saugatuck Invest AB, BLL Invest AB, Svenska Defence AktiebolagInCoax Networks AB (publ) announced a private placement to 12,500,000 convertibles at an issue price of SEK 1 for the proceeds of SEK 12,500,000 and convertible loan for the proceeds of SEK 5,000,000 on December 22, 2025. The issue is directed to the existing shareholders Saugatuck Invest AB, BLL Invest AB and Svenska Defence AB and is conditional on approval at an extraordinary general meeting scheduled for January 19, 2026 and is approved by board of directors. Company will issue free warrants of series TO1, TO2 and TO3. The convertible loan bears annual interest of 5 percent from the date on which the issue proceeds are received by the Company until the maturity date of June 30, 2027お知らせ • Nov 13InCoax Networks AB (publ) Announces Executive ChangesInCoax Networks AB (publ) announced that as part of the transition, Morten Werther (Head of Development), Andreas Bergman (CCO) and Alf Eriksson (CPPO), all of whom have been members of the management team, will leave their roles at the company over the coming months.New Risk • Nov 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr59m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (kr69.3m market cap, or US$7.28m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding).お知らせ • Nov 08InCoax Networks AB (publ) Announces CEO Changes, November 6, 2025InCoax Networks AB (publ) announced that in consultation with CEO Jörgen Ekengren, decided to appoint Jakob Tobieson as the new CEO. The decision marks that InCoax is entering a new phase, shifting from development-intensive to market-driven and growth-focused, which calls for a more commercial and externally oriented leadership. The decision takes effect immediately on November 6, 2025.Jörgen Ekengren will remain as a senior adviser during a transition period to ensure continuity and an orderly handover. Jakob Tobieson has served as Chief Operations Officer (COO) at InCoax since April 2023 and previously spent more than ten years at Telia Company. There, he held leadership roles as Sourcing Director with global responsibility for IT software and services, cloud services, and Telia's procurement of mobile devices. Earlier in his career Jakob worked at Tetra Pak with supplier development and international production and has extensive experience leading transformation and efficiency programmes. He holds an M.Sc. in Mechanical Engineering from Lund University, Faculty of Engineering.Reported Earnings • Nov 02Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: kr11.0m (down 51% from 3Q 2024). Net loss: kr7.67m (loss narrowed 13% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.New Risk • Oct 31New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr91.9m (US$9.67m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr45m free cash flow). Market cap is less than US$10m (kr91.9m market cap, or US$9.67m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding).お知らせ • Oct 31+ 3 more updatesInCoax Networks AB (publ) to Report Nine Months, 2026 Results on Nov 06, 2026InCoax Networks AB (publ) announced that they will report nine months, 2026 results on Nov 06, 2026Reported Earnings • Aug 17Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: kr14.4m (down 43% from 2Q 2024). Net loss: kr11.5m (loss widened 64% from 2Q 2024). Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Communications industry in Sweden.分析記事 • Aug 16InCoax Networks AB (publ) (STO:INCOAX) Might Not Be As Mispriced As It Looks After Plunging 31%OM:INCOAX 1 Year Share Price vs Fair Value Explore InCoax Networks's Fair Values from the Community and select yours...New Risk • Aug 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr48m free cash flow). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (kr130.2m market cap, or US$13.6m).お知らせ • Jun 13InCoax Networks AB (Publ) Announces Board ChangesInCoax Networks AB (publ) at its annual general meeting held on June 13, 2025, Pär Thuresson declined re-election and resigns as a board member. The company also elect Monika Gullin as new ordinary members of the board of directors.Recent Insider Transactions • May 14Chief Executive Officer recently bought kr70k worth of stockOn the 8th of May, Jorgen Ekengren bought around 45k shares on-market at roughly kr1.55 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jorgen's only on-market trade for the last 12 months.Reported Earnings • May 09First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: kr34.9m (down 3.9% from 1Q 2024). Net loss: kr2.50m (down 158% from profit in 1Q 2024). Revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.New Risk • Apr 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (kr193.6m market cap, or US$20.1m).Price Target Changed • Mar 19Price target decreased by 17% to kr2.37Down from kr2.84, the current price target is provided by 1 analyst. New target price is 47% above last closing price of kr1.62. Stock is down 12% over the past year. The company is forecast to post a net loss per share of kr0.03 next year compared to a net loss per share of kr0.18 last year.Reported Earnings • Mar 18Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: kr0.18 loss per share. Revenue: kr101.5m (up 29% from FY 2023). Net loss: kr19.2m (loss widened 13% from FY 2023). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 5.9%. Revenue is forecast to grow 85% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Communications industry in Sweden.お知らせ • Mar 18+ 4 more updatesInCoax Networks AB (publ) to Report Q2, 2025 Results on Aug 15, 2025InCoax Networks AB (publ) announced that they will report Q2, 2025 results on Aug 15, 2025New Risk • Feb 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (kr162.2m market cap, or US$15.1m).分析記事 • Feb 06Take Care Before Diving Into The Deep End On InCoax Networks AB (publ) (STO:INCOAX)With a median price-to-sales (or "P/S") ratio of close to 1.6x in the Communications industry in Sweden, you could be...New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr190.4m market cap, or US$17.1m).Recent Insider Transactions • Nov 20Director recently bought kr756k worth of stockOn the 14th of November, Tobias Lenner bought around 400k shares on-market at roughly kr1.89 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr4.7m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Nov 04Director recently bought kr94k worth of stockOn the 1st of November, Anders Nilsson bought around 50k shares on-market at roughly kr1.87 per share. This transaction increased Anders' direct individual holding by 2x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr445k. Insiders have collectively bought kr4.0m more in shares than they have sold in the last 12 months.Reported Earnings • Nov 03Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: kr22.6m (up 19% from 3Q 2023). Net loss: kr8.84m (loss widened 372% from 3Q 2023). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Communications industry in Sweden.分析記事 • Oct 22Potential Upside For InCoax Networks AB (publ) (STO:INCOAX) Not Without RiskIt's not a stretch to say that InCoax Networks AB (publ)'s ( STO:INCOAX ) price-to-sales (or "P/S") ratio of 1.8x seems...Recent Insider Transactions • Oct 02Director recently bought kr144k worth of stockOn the 25th of September, Tobias Lenner bought around 71k shares on-market at roughly kr2.03 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr445k. Insiders have collectively bought kr3.8m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Sep 05Director recently bought kr295k worth of stockOn the 2nd of September, Tobias Lenner bought around 134k shares on-market at roughly kr2.19 per share. This transaction increased Tobias' direct individual holding by 19x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr2.9m more in shares than they have sold in the last 12 months.Price Target Changed • Aug 21Price target decreased by 22% to kr2.84Down from kr3.65, the current price target is provided by 1 analyst. New target price is 25% above last closing price of kr2.28. Stock is down 18% over the past year. The company is forecast to post a net loss per share of kr0.16 next year compared to a net loss per share of kr0.23 last year.Recent Insider Transactions • Aug 18Chairman of the Board recently bought kr91k worth of stockOn the 15th of August, Peter Agardh bought around 42k shares on-market at roughly kr2.18 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr200k. Peter has been a buyer over the last 12 months, purchasing a net total of kr1.3m worth in shares.Reported Earnings • Aug 16Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: kr25.6m (up 88% from 2Q 2023). Net loss: kr6.99m (loss widened 8.1% from 2Q 2023). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Communications industry in Sweden.Recent Insider Transactions • Jun 28Chairman of the Board recently bought kr104k worth of stockOn the 26th of June, Peter Agardh bought around 41k shares on-market at roughly kr2.54 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Peter has been a buyer over the last 12 months, purchasing a net total of kr931k worth in shares.Major Estimate Revision • May 14Consensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from kr96.7m to kr109.4m. Forecast losses expected to reduce from -kr0.27 to -kr0.10 per share. Communications industry in Sweden expected to see average net income growth of 45% next year. Consensus price target up from kr3.04 to kr3.65. Share price rose 4.7% to kr2.69 over the past week.Price Target Changed • May 12Price target increased by 20% to kr3.65Up from kr3.04, the current price target is provided by 1 analyst. New target price is 33% above last closing price of kr2.74. Stock is up 25% over the past year. The company is forecast to post a net loss per share of kr0.10 next year compared to a net loss per share of kr0.23 last year.Breakeven Date Change • May 12Forecast breakeven date moved forward to 2025The analyst covering InCoax Networks previously expected the company to break even in 2026. New forecast suggests losses will reduce by 36% to 2024. The company is expected to make a profit of kr21.5m in 2025. Average annual earnings growth of 105% is required to achieve expected profit on schedule.Reported Earnings • May 08First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr37.5m (up 101% from 1Q 2023). Net income: kr4.33m (up kr7.52m from 1Q 2023). Profit margin: 12% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Mar 21Chairman of the Board recently bought kr52k worth of stockOn the 19th of March, Peter Agardh bought around 30k shares on-market at roughly kr1.73 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr391k. Peter has been a buyer over the last 12 months, purchasing a net total of kr578k worth in shares.Breakeven Date Change • Mar 11Forecast breakeven date pushed back to 2026The analyst covering InCoax Networks previously expected the company to break even in 2025. New forecast suggests the company will make a profit of kr28.6m in 2026. Average annual earnings growth of 77% is required to achieve expected profit on schedule.Recent Insider Transactions • Mar 11Chairman of the Board recently bought kr174k worth of stockOn the 8th of March, Peter Agardh bought around 100k shares on-market at roughly kr1.74 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr391k. Peter has been a buyer over the last 12 months, purchasing a net total of kr526k worth in shares.Reported Earnings • Mar 10Full year 2023 earnings released: kr0.23 loss per share (vs kr0.40 loss in FY 2022)Full year 2023 results: kr0.23 loss per share (improved from kr0.40 loss in FY 2022). Revenue: kr78.9m (up 57% from FY 2022). Net loss: kr16.9m (loss narrowed 26% from FY 2022). Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.お知らせ • Mar 01InCoax Networks AB (publ) Appoints Andreas Bergman as Chief Commercial Officer and Member of the Management TeamAndreas Bergman has been appointed Chief Commercial Officer (CCO) and member of the InCoax Networks AB (publ) management team effective March 1, 2024. His responsibilities include overseeing InCoax´s marketing and sales organization. Since joining the company in 2018, Andreas has been one of the key individuals driving the company´s sales growth to date. Andreas Bergman brings over 25 years of extensive experience in various management roles spanning sales, marketing, and business development. With over a decade of tenure in prominent European telecommunications firms like Telia and Telenor, he has honed his expertise in IoT, internet infrastructure, fiber optics, and Wi-Fi infrastructure. Andreas has a strong sales background, adept at catering to diverse customer requirements across telecommunications, finance, public, and NGO sectors. Andreas Bergman has studied at the University of Gothenburg with a focus on Business Administration and Marketing. Helge Tiainen remains in InCoax´s management team as responsible for Business Development and Standardization. With his extensive experience and broad international network in the telecom market, Helge will focus on intensifying the company´s pre-sales activities with operators and partners.New Risk • Feb 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (kr217.4m market cap, or US$20.8m).Recent Insider Transactions • Jan 31Chairman of the Board recently bought kr122k worth of stockOn the 26th of January, Peter Agardh bought around 75k shares on-market at roughly kr1.63 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Peter has been a buyer over the last 12 months, purchasing a net total of kr352k worth in shares.お知らせ • Jan 26InCoax Networks AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 52.636451 million.InCoax Networks AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 52.636451 million. Security Name: shares Security Type: Common Stock Securities Offered: 36,052,364 Price\Range: SEK 1.46 Transaction Features: Rights OfferingRecent Insider Transactions • Dec 22Chairman of the Board recently bought kr86k worth of stockOn the 20th of December, Peter Agardh bought around 50k shares on-market at roughly kr1.72 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months.お知らせ • Dec 20InCoax Networks AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 52.636451 million.InCoax Networks AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 52.636451 million. Security Name: shares Security Type: Common Stock Securities Offered: 36,052,364 Price\Range: SEK 1.46 Transaction Features: Rights OfferingReported Earnings • Nov 05Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: kr19.0m (up 164% from 3Q 2022). Net loss: kr1.87m (loss narrowed 76% from 3Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.お知らせ • Nov 04InCoax Networks AB (publ) to Report Fiscal Year 2023 Final Results on May 17, 2024InCoax Networks AB (publ) announced that they will report fiscal year 2023 final results on May 17, 2024お知らせ • Nov 03InCoax Networks AB (publ) to Report Q4, 2024 Results on Mar 06, 2025InCoax Networks AB (publ) announced that they will report Q4, 2024 results on Mar 06, 2025Major Estimate Revision • Aug 25Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr79.2m to kr69.5m. Forecast losses increased from -kr0.22 to -kr0.28 per share. Communications industry in Sweden expected to see average net income growth of 7.1% next year. Consensus price target up from kr2.74 to kr3.22. Share price rose 5.4% to kr2.94 over the past week.Reported Earnings • Aug 20Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr13.7m (up 36% from 2Q 2022). Net loss: kr6.47m (loss widened 28% from 2Q 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Communications industry in Sweden.お知らせ • Aug 19+ 3 more updatesInCoax Networks AB (publ), Annual General Meeting, Jun 13, 2024InCoax Networks AB (publ), Annual General Meeting, Jun 13, 2024.Reported Earnings • May 07First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr18.6m (up 71% from 1Q 2022). Net loss: kr3.19m (loss narrowed 50% from 1Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Breakeven Date Change • Mar 13The analyst covering InCoax Networks previously expected the company to break even in 2024. New forecast suggests losses will reduce by 18% to 2023. The company is expected to make a profit of kr1.70m in 2024. Average annual earnings growth of 92% is required to achieve expected profit on schedule.Reported Earnings • Mar 13Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: kr0.40 loss per share (improved from kr0.71 loss in FY 2021). Revenue: kr50.3m (up 36% from FY 2021). Net loss: kr22.8m (loss narrowed 6.9% from FY 2021). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Alf Eriksson was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 23Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr7.37m (down 33% from 3Q 2021). Net loss: kr7.78m (loss widened 111% from 3Q 2021). Revenue is expected to decline by 16% p.a. on average during the next 2 years, while revenues in the Communications industry in Sweden are expected to grow by 4.3%.Major Estimate Revision • Sep 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from kr59.5m to kr78.9m. EPS estimate fell from -kr0.48 to -kr0.51 per share. Communications industry in Sweden expected to see average net income growth of 21% next year. Consensus price target down from kr4.90 to kr2.43. Share price fell 19% to kr1.37 over the past week.お知らせ • Aug 26+ 1 more updateInCoax Networks AB (publ) to Report Q1, 2023 Results on May 05, 2023InCoax Networks AB (publ) announced that they will report Q1, 2023 results on May 05, 2023Reported Earnings • Aug 25Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: kr11.5m (up 28% from 2Q 2021). Net loss: kr5.08m (loss narrowed 12% from 2Q 2021). Over the next year, revenue is forecast to grow 67%, compared to a 8.7% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.Price Target Changed • May 25Price target decreased to kr4.90Down from kr6.71, the current price target is provided by 1 analyst. New target price is 22% above last closing price of kr4.03. Stock is down 15% over the past year. The company is forecast to post a net loss per share of kr0.69 next year compared to a net loss per share of kr0.71 last year.Reported Earnings • May 19First quarter 2022 earnings: Revenues exceed analyst expectationsFirst quarter 2022 results: Revenue: kr11.6m (up 16% from 1Q 2021). Net loss: kr6.33m (loss narrowed 11% from 1Q 2021). Revenue exceeded analyst estimates by 54%. Over the next year, revenue is forecast to grow 47%, compared to a 8.1% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Alf Eriksson was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Breakeven Date Change • Apr 08Forecast breakeven date pushed back to 2024The analyst covering InCoax Networks previously expected the company to break even in 2023. New forecast suggests losses will reduce by 46% per year to 2023. The company is expected to make a profit of kr11.3m in 2024. Average annual earnings growth of 72% is required to achieve expected profit on schedule.Reported Earnings • Mar 30Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: kr0.67 loss per share (up from kr2.81 loss in FY 2020). Revenue: kr38.4m (up 248% from FY 2020). Net loss: kr24.5m (loss narrowed 58% from FY 2020). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 84%, compared to a 7.8% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.Recent Insider Transactions Derivative • Jan 01Director exercised options to buy kr155k worth of stock.On the 30th of December, Anders Nilsson exercised options to buy 22k shares at a strike price of around kr5.00, costing a total of kr108k. This transaction amounted to 134% of their direct individual holding at the time of the trade. Since June 2021, Anders' direct individual holding has increased from 16.07k shares to 37.59k. Company insiders have collectively bought kr5.4m more than they sold, via options and on-market transactions, in the last 12 months.Recent Insider Transactions Derivative • Dec 18Founder exercised options to buy kr218k worth of stock.On the 10th of December, Helge Tiainen exercised options to buy 31k shares at a strike price of around kr5.00, costing a total of kr153k. This transaction amounted to 23% of their direct individual holding at the time of the trade. Since March 2021, Helge's direct individual holding has increased from 113.07k shares to 130.10k. Company insiders have collectively bought kr5.3m more than they sold, via options and on-market transactions, in the last 12 months.Recent Insider Transactions Derivative • Dec 09Chairman of the Board exercised options to buy kr7.2m worth of stock.On the 7th of December, Peter Agardh exercised options to buy 1m shares at a strike price of around kr5.00, costing a total of kr5.4m. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since December 2020, Peter's direct individual holding has increased from 6.47m shares to 8.65m. Company insiders have collectively bought kr5.2m more than they sold, via options and on-market transactions, in the last 12 months.Reported Earnings • Nov 27Third quarter 2021 earnings: Revenues exceed analyst expectationsThird quarter 2021 results: Revenue: kr11.4m (up kr11.1m from 3Q 2020). Net loss: kr3.69m (loss narrowed 79% from 3Q 2020). Revenue exceeded analyst estimates by 36%. Over the next year, revenue is forecast to grow 53%, compared to a 5.2% growth forecast for the industry in Sweden.Recent Insider Transactions • Oct 09Chairman of the Board recently bought kr162k worth of stockOn the 6th of October, Peter Agardh bought around 30k shares on-market at roughly kr5.39 per share. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months.Recent Insider Transactions • Sep 29Founder recently sold kr439k worth of stockOn the 22nd of September, Helge Tiainen sold around 75k shares on-market at roughly kr5.85 per share. This was the largest sale by an insider in the last 3 months. Helge has been a seller over the last 12 months, reducing personal holdings by kr377k.Reported Earnings • Aug 21Second quarter 2021 earnings releasedThe company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr9.13m (up kr8.69m from 2Q 2020). Net loss: kr5.76m (loss narrowed 61% from 2Q 2020).Executive Departure • Jul 13Interim Chief Financial Officer Peter Hasselberg has left the companyOn the 1st of July, Peter Hasselberg's tenure as Interim Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Peter's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.33 years, which is considered inexperienced in the Simply Wall St Risk Model.Reported Earnings • May 21First quarter 2021 earnings releasedThe company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: kr9.95m (up kr9.71m from 1Q 2020). Net loss: kr7.13m (loss narrowed 59% from 1Q 2020).Reported Earnings • Mar 30Full year 2020 earnings released: kr2.81 loss per share (vs kr5.29 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: kr11.0m (up 291% from FY 2019). Net loss: kr57.8m (loss narrowed 12% from FY 2019).Is New 90 Day High Low • Jan 21New 90-day high: kr6.90The company is up 20% from its price of kr5.76 on 23 October 2020. The Swedish market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 8.0% over the same period.株主還元INCOAXSE CommunicationsSE 市場7D17.7%6.3%3.2%1Y-47.9%50.2%14.4%株主還元を見る業界別リターン: INCOAX過去 1 年間で50.2 % の収益を上げたSwedish Communications業界を下回りました。リターン対市場: INCOAXは、過去 1 年間で14.4 % のリターンを上げたSwedish市場を下回りました。価格変動Is INCOAX's price volatile compared to industry and market?INCOAX volatilityINCOAX Average Weekly Movement25.5%Communications Industry Average Movement8.0%Market Average Movement6.3%10% most volatile stocks in SE Market13.3%10% least volatile stocks in SE Market3.7%安定した株価: INCOAXの株価は、 Swedish市場と比較して過去 3 か月間で変動しています。時間の経過による変動: INCOAXの 週次ボラティリティ は、過去 1 年間で17%から25%に増加しました。会社概要設立従業員CEO（最高経営責任者ウェブサイト200932Jakob Tobiesonwww.incoax.comInCoax Networks AB (publish)社は、欧州連合、北米、および国際的なファイバー/LANおよび固定無線アクセス事業者、インターネットサービスプロバイダ、ホスピタリティ顧客にネットワーク製品とソリューションを提供している。P2MP同軸ネットワークの小型集合住宅（MDU）向けファイバーアクセス拡張用InCoax DPU D2501、P2PおよびP2MP同軸ネットワークのMDU向けファイバーアクセス拡張用in:xtnd Control、InCoax Accessモデム、InCoax Combine周波数コンバイナー、プロビジョニングおよび制御システムInCoax Manage CLMを提供している。同社は2009年に設立され、スウェーデンのルンドに本社を置いている。もっと見るInCoax Networks AB (publ) 基礎のまとめInCoax Networks の収益と売上を時価総額と比較するとどうか。INCOAX 基礎統計学時価総額SEK 109.74m収益（TTM）-SEK 44.67m売上高(TTM)SEK 44.98m2.4xP/Sレシオ-2.5xPER（株価収益率INCOAX は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計INCOAX 損益計算書（TTM）収益SEK 44.98m売上原価SEK 9.05m売上総利益SEK 35.93mその他の費用SEK 80.60m収益-SEK 44.67m直近の収益報告Mar 31, 2026次回決算日Aug 14, 2026一株当たり利益（EPS）-0.34グロス・マージン79.88%純利益率-99.31%有利子負債／自己資本比率0%INCOAX の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 03:33終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋InCoax Networks AB (publ) 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Bertil NilssonCarlsquare AB
お知らせ • May 22InCoax Networks AB (publ) Launches Incoax Fiber Extension SolutionInCoax Networks AB (publ) announced the launch of InCoax Fiber Extension, a new solution category developed to help fiber operators reduce installation complexity and accelerate customer activation in single-family homes and selected smaller apartment buildings. The launch addresses a growing need in the U.S. fiber market, where operators are increasingly focused on converting fiber passings into active customers in a faster, less intrusive and more cost-effective way. According to the Fiber Broadband Association, U.S. fiber deployment reached a new record level in 2025, with 11.8 million new homes passed during the year and a total of 98.3 million FTTH passings when overlapping deployments are included. This means that the market is approaching 100 million FTTH passings and that fiber now passes more than 60% of U.S. households. The broader U.S. housing market further highlights the scale of the opportunity. According to the U.S. Census Bureau, the number of housing units in the United States reached approximately 148 million in 2025, and NAHB estimates that owner-occupied single-family detached homes account for approximately 70 million homes. This creates a substantial market for solutions that make the final in-home step of fiber activation more efficient. For fiber operators, the installation challenge increasingly moves inside the home or property. The most practical fiber entry point may be an outdoor cabinet, garage, basement or utility location, while the optimal position for the Residential Gateway is often elsewhere. By reusing existing point-to-point coaxial cabling, InCoax Fiber Extension enables operators to extend the fiber connection from the ONT location to a more suitable Residential Gateway location without new in-home fiber or Ethernet cabling. For InCoax, the launch expands the company's addressable market with a new solution category that complements its existing Fiber Access Extension and FWA Extension offerings. The solution is based on InCoax Fiber Extenders using MoCA 2.5 technology and is primarily intended for single-family homes but can also be used in selected smaller MDUs. Two Fiber Extenders are paired over a point-to-point coaxial connection, creating an unmanaged bridge between the fiber termination point and the customer gateway. The InCoax Fiber Extender F2511 supports symmetrical data rates up to 2.5 Gbps, automatic code-based pairing and no management capabilities. Fiber Extension differs from InCoax Fiber Access Extension and FWA Extension, which are managed access solutions for MDUs using an InCoax MoCA Access DPU, NTE modem and InCoax Manage for provisioning, monitoring and remote management. Fiber Extension, by contrast, does not require a DPU, NTE, EMS integration or subscriber profile management. InCoax Fiber Extender series also includes a Reverse Power Feed, RPF, version for scenarios where power at the fiber-side location may be limited or unavailable. The Fiber Extension solution is now available as part of InCoax's portfolio for operators and partners. Brochure and product information on Fiber Extension (Use Cases) are available.
お知らせ • May 15InCoax Networks AB (publ), Annual General Meeting, Jun 12, 2026InCoax Networks AB (publ), Annual General Meeting, Jun 12, 2026, at 09:00 W. Europe Standard Time. Location: company premises at ideon science park, mobilvagen 10, lund Sweden
Reported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: kr6.51m (down 80% from 1Q 2025). Net loss: kr14.6m (loss widened 484% from 1Q 2025).
お知らせ • May 07InCoax Networks AB (publ) to Report Q1, 2027 Results on May 07, 2027InCoax Networks AB (publ) announced that they will report Q1, 2027 results on May 07, 2027
お知らせ • May 02InCoax Networks AB Announces D2508 ER For Large Apartment BuildingsInCoax Networks AB announced the D2508 ER, a MoCA AccessTM 2.5 DPU for extending fiber-based broadband over existing in-building coaxial networks in mid- to large-sized multi-dwelling units (MDUs). The D2508 ER is the first release in a new DPU form factor series from InCoax, designed for high-density deployments with shared coax infrastructure. It delivers symmetrical broadband services up to 2.5 Gbps per coax port with low latency, enabling service upgrades without replacing in-building wiring. The unit includes eight coax ports for distribution across multiple risers, supporting up to 31 network termination devices (NTE modems) per port and up to 248 in total (typically 64), depending on network topology. The ER designation refers to an extended range version with increased output power and link budget, designed for point-to-multipoint coaxial networks and more demanding in-building environments. The D2508 ER represents an important step in strengthening the D-series platform to better address varying building sizes and deployment requirements. By reusing existing coax infrastructure, the D2508 ER reduces the need for new in-building wiring and tenant access. This enables faster deployment, lower in-building CAPEX, and shorter time to revenue, while supporting service activation across more apartments, including at lower take-up rates. The platform includes eQoS for MoCA Access 2.5, enabling traffic prioritization and predictable performance under load across connected subscribers. It operates across a wide frequency range and coexists with legacy TV services and DOCSIS 3.0, allowing service upgrades without disrupting existing services. The D2508 ER supports GPON, XG-PON, XGS-PON and Active Ethernet through a 1 /2.5 /10 Gbps SFP+ uplink. It also supports remote management via standard interfaces and integration with InCoax Manage EMS or external systems. The IP67-rated enclosure with passive cooling supports both indoor and outdoor installation, including basements, pedestals or manholes at the building entry point. The D2508 ER is part of the InCoax D-series platform, designed to support scalable and efficient broadband extension across a wide range of building types and deployment scenarios. Leveraging existing in-building coax infrastructure, the platform enables both Fiber Access Extension and Fixed Wireless Access (FWA) extension with high performance and cost efficiency. The D2508 ER is available in regional variants for EU, US and UK markets.
お知らせ • Apr 10InCoax Networks Implements Enhanced Quality of Service for MoCA Access in D-Series PlatformInCoax Networks has implemented eQoS (enhanced Quality of Service) in its D-series DPU platform, becoming the first to bring eQoS to MoCA Access. The enhancement introduces advanced bandwidth allocation, traffic classification and congestion handling over existing in-building coax, giving operators stronger control of capacity in Multi-Dwelling Units (MDUs). In MDUs, broadband quality is defined as much by busy-hour conditions as by peak speeds. When many residents are online simultaneously, networks must handle mixed traffic, from streaming and downloads to latency-sensitive services such as video meetings and voice. With eQoS, operators can apply more effective policies for capacity sharing and traffic prioritization. InCoax has also implemented eQoS management in the D-series platform through operator interfaces such as NETCONF/YANG and CLI. This enables integration with automation systems and simplifies large-scale provisioning, policy updates and consistent configuration across building portfolios. As a result, multi-service deployments combining internet, IPTV, voice and business services can be deployed and managed efficiently at scale. With eQoS, InCoax further strengthens the D-series platform as a foundation for managed service delivery in both Fiber Access Extension and FWA Extension deployments. This enables faster time to revenue in MDUs, more predictable service quality, and supports differentiated broadband offerings.
お知らせ • May 22InCoax Networks AB (publ) Launches Incoax Fiber Extension SolutionInCoax Networks AB (publ) announced the launch of InCoax Fiber Extension, a new solution category developed to help fiber operators reduce installation complexity and accelerate customer activation in single-family homes and selected smaller apartment buildings. The launch addresses a growing need in the U.S. fiber market, where operators are increasingly focused on converting fiber passings into active customers in a faster, less intrusive and more cost-effective way. According to the Fiber Broadband Association, U.S. fiber deployment reached a new record level in 2025, with 11.8 million new homes passed during the year and a total of 98.3 million FTTH passings when overlapping deployments are included. This means that the market is approaching 100 million FTTH passings and that fiber now passes more than 60% of U.S. households. The broader U.S. housing market further highlights the scale of the opportunity. According to the U.S. Census Bureau, the number of housing units in the United States reached approximately 148 million in 2025, and NAHB estimates that owner-occupied single-family detached homes account for approximately 70 million homes. This creates a substantial market for solutions that make the final in-home step of fiber activation more efficient. For fiber operators, the installation challenge increasingly moves inside the home or property. The most practical fiber entry point may be an outdoor cabinet, garage, basement or utility location, while the optimal position for the Residential Gateway is often elsewhere. By reusing existing point-to-point coaxial cabling, InCoax Fiber Extension enables operators to extend the fiber connection from the ONT location to a more suitable Residential Gateway location without new in-home fiber or Ethernet cabling. For InCoax, the launch expands the company's addressable market with a new solution category that complements its existing Fiber Access Extension and FWA Extension offerings. The solution is based on InCoax Fiber Extenders using MoCA 2.5 technology and is primarily intended for single-family homes but can also be used in selected smaller MDUs. Two Fiber Extenders are paired over a point-to-point coaxial connection, creating an unmanaged bridge between the fiber termination point and the customer gateway. The InCoax Fiber Extender F2511 supports symmetrical data rates up to 2.5 Gbps, automatic code-based pairing and no management capabilities. Fiber Extension differs from InCoax Fiber Access Extension and FWA Extension, which are managed access solutions for MDUs using an InCoax MoCA Access DPU, NTE modem and InCoax Manage for provisioning, monitoring and remote management. Fiber Extension, by contrast, does not require a DPU, NTE, EMS integration or subscriber profile management. InCoax Fiber Extender series also includes a Reverse Power Feed, RPF, version for scenarios where power at the fiber-side location may be limited or unavailable. The Fiber Extension solution is now available as part of InCoax's portfolio for operators and partners. Brochure and product information on Fiber Extension (Use Cases) are available.
お知らせ • May 15InCoax Networks AB (publ), Annual General Meeting, Jun 12, 2026InCoax Networks AB (publ), Annual General Meeting, Jun 12, 2026, at 09:00 W. Europe Standard Time. Location: company premises at ideon science park, mobilvagen 10, lund Sweden
Reported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: kr6.51m (down 80% from 1Q 2025). Net loss: kr14.6m (loss widened 484% from 1Q 2025).
お知らせ • May 07InCoax Networks AB (publ) to Report Q1, 2027 Results on May 07, 2027InCoax Networks AB (publ) announced that they will report Q1, 2027 results on May 07, 2027
お知らせ • May 02InCoax Networks AB Announces D2508 ER For Large Apartment BuildingsInCoax Networks AB announced the D2508 ER, a MoCA AccessTM 2.5 DPU for extending fiber-based broadband over existing in-building coaxial networks in mid- to large-sized multi-dwelling units (MDUs). The D2508 ER is the first release in a new DPU form factor series from InCoax, designed for high-density deployments with shared coax infrastructure. It delivers symmetrical broadband services up to 2.5 Gbps per coax port with low latency, enabling service upgrades without replacing in-building wiring. The unit includes eight coax ports for distribution across multiple risers, supporting up to 31 network termination devices (NTE modems) per port and up to 248 in total (typically 64), depending on network topology. The ER designation refers to an extended range version with increased output power and link budget, designed for point-to-multipoint coaxial networks and more demanding in-building environments. The D2508 ER represents an important step in strengthening the D-series platform to better address varying building sizes and deployment requirements. By reusing existing coax infrastructure, the D2508 ER reduces the need for new in-building wiring and tenant access. This enables faster deployment, lower in-building CAPEX, and shorter time to revenue, while supporting service activation across more apartments, including at lower take-up rates. The platform includes eQoS for MoCA Access 2.5, enabling traffic prioritization and predictable performance under load across connected subscribers. It operates across a wide frequency range and coexists with legacy TV services and DOCSIS 3.0, allowing service upgrades without disrupting existing services. The D2508 ER supports GPON, XG-PON, XGS-PON and Active Ethernet through a 1 /2.5 /10 Gbps SFP+ uplink. It also supports remote management via standard interfaces and integration with InCoax Manage EMS or external systems. The IP67-rated enclosure with passive cooling supports both indoor and outdoor installation, including basements, pedestals or manholes at the building entry point. The D2508 ER is part of the InCoax D-series platform, designed to support scalable and efficient broadband extension across a wide range of building types and deployment scenarios. Leveraging existing in-building coax infrastructure, the platform enables both Fiber Access Extension and Fixed Wireless Access (FWA) extension with high performance and cost efficiency. The D2508 ER is available in regional variants for EU, US and UK markets.
お知らせ • Apr 10InCoax Networks Implements Enhanced Quality of Service for MoCA Access in D-Series PlatformInCoax Networks has implemented eQoS (enhanced Quality of Service) in its D-series DPU platform, becoming the first to bring eQoS to MoCA Access. The enhancement introduces advanced bandwidth allocation, traffic classification and congestion handling over existing in-building coax, giving operators stronger control of capacity in Multi-Dwelling Units (MDUs). In MDUs, broadband quality is defined as much by busy-hour conditions as by peak speeds. When many residents are online simultaneously, networks must handle mixed traffic, from streaming and downloads to latency-sensitive services such as video meetings and voice. With eQoS, operators can apply more effective policies for capacity sharing and traffic prioritization. InCoax has also implemented eQoS management in the D-series platform through operator interfaces such as NETCONF/YANG and CLI. This enables integration with automation systems and simplifies large-scale provisioning, policy updates and consistent configuration across building portfolios. As a result, multi-service deployments combining internet, IPTV, voice and business services can be deployed and managed efficiently at scale. With eQoS, InCoax further strengthens the D-series platform as a foundation for managed service delivery in both Fiber Access Extension and FWA Extension deployments. This enables faster time to revenue in MDUs, more predictable service quality, and supports differentiated broadband offerings.
New Risk • Mar 08New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr20m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr20m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (kr70.6m market cap, or US$7.69m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding).
お知らせ • Mar 06InCoax Networks AB (publ) to Report Q4, 2026 Results on Mar 05, 2027InCoax Networks AB (publ) announced that they will report Q4, 2026 results on Mar 05, 2027
お知らせ • Dec 23InCoax Networks AB (publ) announced that it expects to receive SEK 17.5 million in funding from Saugatuck Invest AB, BLL Invest AB, Svenska Defence AktiebolagInCoax Networks AB (publ) announced a private placement to 12,500,000 convertibles at an issue price of SEK 1 for the proceeds of SEK 12,500,000 and convertible loan for the proceeds of SEK 5,000,000 on December 22, 2025. The issue is directed to the existing shareholders Saugatuck Invest AB, BLL Invest AB and Svenska Defence AB and is conditional on approval at an extraordinary general meeting scheduled for January 19, 2026 and is approved by board of directors. Company will issue free warrants of series TO1, TO2 and TO3. The convertible loan bears annual interest of 5 percent from the date on which the issue proceeds are received by the Company until the maturity date of June 30, 2027
お知らせ • Nov 13InCoax Networks AB (publ) Announces Executive ChangesInCoax Networks AB (publ) announced that as part of the transition, Morten Werther (Head of Development), Andreas Bergman (CCO) and Alf Eriksson (CPPO), all of whom have been members of the management team, will leave their roles at the company over the coming months.
New Risk • Nov 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr59m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (kr69.3m market cap, or US$7.28m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding).
お知らせ • Nov 08InCoax Networks AB (publ) Announces CEO Changes, November 6, 2025InCoax Networks AB (publ) announced that in consultation with CEO Jörgen Ekengren, decided to appoint Jakob Tobieson as the new CEO. The decision marks that InCoax is entering a new phase, shifting from development-intensive to market-driven and growth-focused, which calls for a more commercial and externally oriented leadership. The decision takes effect immediately on November 6, 2025.Jörgen Ekengren will remain as a senior adviser during a transition period to ensure continuity and an orderly handover. Jakob Tobieson has served as Chief Operations Officer (COO) at InCoax since April 2023 and previously spent more than ten years at Telia Company. There, he held leadership roles as Sourcing Director with global responsibility for IT software and services, cloud services, and Telia's procurement of mobile devices. Earlier in his career Jakob worked at Tetra Pak with supplier development and international production and has extensive experience leading transformation and efficiency programmes. He holds an M.Sc. in Mechanical Engineering from Lund University, Faculty of Engineering.
Reported Earnings • Nov 02Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: kr11.0m (down 51% from 3Q 2024). Net loss: kr7.67m (loss narrowed 13% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
New Risk • Oct 31New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr91.9m (US$9.67m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr45m free cash flow). Market cap is less than US$10m (kr91.9m market cap, or US$9.67m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding).
お知らせ • Oct 31+ 3 more updatesInCoax Networks AB (publ) to Report Nine Months, 2026 Results on Nov 06, 2026InCoax Networks AB (publ) announced that they will report nine months, 2026 results on Nov 06, 2026
Reported Earnings • Aug 17Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: kr14.4m (down 43% from 2Q 2024). Net loss: kr11.5m (loss widened 64% from 2Q 2024). Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Communications industry in Sweden.
分析記事 • Aug 16InCoax Networks AB (publ) (STO:INCOAX) Might Not Be As Mispriced As It Looks After Plunging 31%OM:INCOAX 1 Year Share Price vs Fair Value Explore InCoax Networks's Fair Values from the Community and select yours...
New Risk • Aug 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr48m free cash flow). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (kr130.2m market cap, or US$13.6m).
お知らせ • Jun 13InCoax Networks AB (Publ) Announces Board ChangesInCoax Networks AB (publ) at its annual general meeting held on June 13, 2025, Pär Thuresson declined re-election and resigns as a board member. The company also elect Monika Gullin as new ordinary members of the board of directors.
Recent Insider Transactions • May 14Chief Executive Officer recently bought kr70k worth of stockOn the 8th of May, Jorgen Ekengren bought around 45k shares on-market at roughly kr1.55 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jorgen's only on-market trade for the last 12 months.
Reported Earnings • May 09First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: kr34.9m (down 3.9% from 1Q 2024). Net loss: kr2.50m (down 158% from profit in 1Q 2024). Revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
New Risk • Apr 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (kr193.6m market cap, or US$20.1m).
Price Target Changed • Mar 19Price target decreased by 17% to kr2.37Down from kr2.84, the current price target is provided by 1 analyst. New target price is 47% above last closing price of kr1.62. Stock is down 12% over the past year. The company is forecast to post a net loss per share of kr0.03 next year compared to a net loss per share of kr0.18 last year.
Reported Earnings • Mar 18Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: kr0.18 loss per share. Revenue: kr101.5m (up 29% from FY 2023). Net loss: kr19.2m (loss widened 13% from FY 2023). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 5.9%. Revenue is forecast to grow 85% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Communications industry in Sweden.
お知らせ • Mar 18+ 4 more updatesInCoax Networks AB (publ) to Report Q2, 2025 Results on Aug 15, 2025InCoax Networks AB (publ) announced that they will report Q2, 2025 results on Aug 15, 2025
New Risk • Feb 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (kr162.2m market cap, or US$15.1m).
分析記事 • Feb 06Take Care Before Diving Into The Deep End On InCoax Networks AB (publ) (STO:INCOAX)With a median price-to-sales (or "P/S") ratio of close to 1.6x in the Communications industry in Sweden, you could be...
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr190.4m market cap, or US$17.1m).
Recent Insider Transactions • Nov 20Director recently bought kr756k worth of stockOn the 14th of November, Tobias Lenner bought around 400k shares on-market at roughly kr1.89 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr4.7m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Nov 04Director recently bought kr94k worth of stockOn the 1st of November, Anders Nilsson bought around 50k shares on-market at roughly kr1.87 per share. This transaction increased Anders' direct individual holding by 2x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr445k. Insiders have collectively bought kr4.0m more in shares than they have sold in the last 12 months.
Reported Earnings • Nov 03Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: kr22.6m (up 19% from 3Q 2023). Net loss: kr8.84m (loss widened 372% from 3Q 2023). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Communications industry in Sweden.
分析記事 • Oct 22Potential Upside For InCoax Networks AB (publ) (STO:INCOAX) Not Without RiskIt's not a stretch to say that InCoax Networks AB (publ)'s ( STO:INCOAX ) price-to-sales (or "P/S") ratio of 1.8x seems...
Recent Insider Transactions • Oct 02Director recently bought kr144k worth of stockOn the 25th of September, Tobias Lenner bought around 71k shares on-market at roughly kr2.03 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr445k. Insiders have collectively bought kr3.8m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Sep 05Director recently bought kr295k worth of stockOn the 2nd of September, Tobias Lenner bought around 134k shares on-market at roughly kr2.19 per share. This transaction increased Tobias' direct individual holding by 19x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr2.9m more in shares than they have sold in the last 12 months.
Price Target Changed • Aug 21Price target decreased by 22% to kr2.84Down from kr3.65, the current price target is provided by 1 analyst. New target price is 25% above last closing price of kr2.28. Stock is down 18% over the past year. The company is forecast to post a net loss per share of kr0.16 next year compared to a net loss per share of kr0.23 last year.
Recent Insider Transactions • Aug 18Chairman of the Board recently bought kr91k worth of stockOn the 15th of August, Peter Agardh bought around 42k shares on-market at roughly kr2.18 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr200k. Peter has been a buyer over the last 12 months, purchasing a net total of kr1.3m worth in shares.
Reported Earnings • Aug 16Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: kr25.6m (up 88% from 2Q 2023). Net loss: kr6.99m (loss widened 8.1% from 2Q 2023). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Communications industry in Sweden.
Recent Insider Transactions • Jun 28Chairman of the Board recently bought kr104k worth of stockOn the 26th of June, Peter Agardh bought around 41k shares on-market at roughly kr2.54 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Peter has been a buyer over the last 12 months, purchasing a net total of kr931k worth in shares.
Major Estimate Revision • May 14Consensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from kr96.7m to kr109.4m. Forecast losses expected to reduce from -kr0.27 to -kr0.10 per share. Communications industry in Sweden expected to see average net income growth of 45% next year. Consensus price target up from kr3.04 to kr3.65. Share price rose 4.7% to kr2.69 over the past week.
Price Target Changed • May 12Price target increased by 20% to kr3.65Up from kr3.04, the current price target is provided by 1 analyst. New target price is 33% above last closing price of kr2.74. Stock is up 25% over the past year. The company is forecast to post a net loss per share of kr0.10 next year compared to a net loss per share of kr0.23 last year.
Breakeven Date Change • May 12Forecast breakeven date moved forward to 2025The analyst covering InCoax Networks previously expected the company to break even in 2026. New forecast suggests losses will reduce by 36% to 2024. The company is expected to make a profit of kr21.5m in 2025. Average annual earnings growth of 105% is required to achieve expected profit on schedule.
Reported Earnings • May 08First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr37.5m (up 101% from 1Q 2023). Net income: kr4.33m (up kr7.52m from 1Q 2023). Profit margin: 12% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Mar 21Chairman of the Board recently bought kr52k worth of stockOn the 19th of March, Peter Agardh bought around 30k shares on-market at roughly kr1.73 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr391k. Peter has been a buyer over the last 12 months, purchasing a net total of kr578k worth in shares.
Breakeven Date Change • Mar 11Forecast breakeven date pushed back to 2026The analyst covering InCoax Networks previously expected the company to break even in 2025. New forecast suggests the company will make a profit of kr28.6m in 2026. Average annual earnings growth of 77% is required to achieve expected profit on schedule.
Recent Insider Transactions • Mar 11Chairman of the Board recently bought kr174k worth of stockOn the 8th of March, Peter Agardh bought around 100k shares on-market at roughly kr1.74 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr391k. Peter has been a buyer over the last 12 months, purchasing a net total of kr526k worth in shares.
Reported Earnings • Mar 10Full year 2023 earnings released: kr0.23 loss per share (vs kr0.40 loss in FY 2022)Full year 2023 results: kr0.23 loss per share (improved from kr0.40 loss in FY 2022). Revenue: kr78.9m (up 57% from FY 2022). Net loss: kr16.9m (loss narrowed 26% from FY 2022). Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.
お知らせ • Mar 01InCoax Networks AB (publ) Appoints Andreas Bergman as Chief Commercial Officer and Member of the Management TeamAndreas Bergman has been appointed Chief Commercial Officer (CCO) and member of the InCoax Networks AB (publ) management team effective March 1, 2024. His responsibilities include overseeing InCoax´s marketing and sales organization. Since joining the company in 2018, Andreas has been one of the key individuals driving the company´s sales growth to date. Andreas Bergman brings over 25 years of extensive experience in various management roles spanning sales, marketing, and business development. With over a decade of tenure in prominent European telecommunications firms like Telia and Telenor, he has honed his expertise in IoT, internet infrastructure, fiber optics, and Wi-Fi infrastructure. Andreas has a strong sales background, adept at catering to diverse customer requirements across telecommunications, finance, public, and NGO sectors. Andreas Bergman has studied at the University of Gothenburg with a focus on Business Administration and Marketing. Helge Tiainen remains in InCoax´s management team as responsible for Business Development and Standardization. With his extensive experience and broad international network in the telecom market, Helge will focus on intensifying the company´s pre-sales activities with operators and partners.
New Risk • Feb 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (kr217.4m market cap, or US$20.8m).
Recent Insider Transactions • Jan 31Chairman of the Board recently bought kr122k worth of stockOn the 26th of January, Peter Agardh bought around 75k shares on-market at roughly kr1.63 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Peter has been a buyer over the last 12 months, purchasing a net total of kr352k worth in shares.
お知らせ • Jan 26InCoax Networks AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 52.636451 million.InCoax Networks AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 52.636451 million. Security Name: shares Security Type: Common Stock Securities Offered: 36,052,364 Price\Range: SEK 1.46 Transaction Features: Rights Offering
Recent Insider Transactions • Dec 22Chairman of the Board recently bought kr86k worth of stockOn the 20th of December, Peter Agardh bought around 50k shares on-market at roughly kr1.72 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months.
お知らせ • Dec 20InCoax Networks AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 52.636451 million.InCoax Networks AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 52.636451 million. Security Name: shares Security Type: Common Stock Securities Offered: 36,052,364 Price\Range: SEK 1.46 Transaction Features: Rights Offering
Reported Earnings • Nov 05Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: kr19.0m (up 164% from 3Q 2022). Net loss: kr1.87m (loss narrowed 76% from 3Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
お知らせ • Nov 04InCoax Networks AB (publ) to Report Fiscal Year 2023 Final Results on May 17, 2024InCoax Networks AB (publ) announced that they will report fiscal year 2023 final results on May 17, 2024
お知らせ • Nov 03InCoax Networks AB (publ) to Report Q4, 2024 Results on Mar 06, 2025InCoax Networks AB (publ) announced that they will report Q4, 2024 results on Mar 06, 2025
Major Estimate Revision • Aug 25Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr79.2m to kr69.5m. Forecast losses increased from -kr0.22 to -kr0.28 per share. Communications industry in Sweden expected to see average net income growth of 7.1% next year. Consensus price target up from kr2.74 to kr3.22. Share price rose 5.4% to kr2.94 over the past week.
Reported Earnings • Aug 20Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr13.7m (up 36% from 2Q 2022). Net loss: kr6.47m (loss widened 28% from 2Q 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Communications industry in Sweden.
お知らせ • Aug 19+ 3 more updatesInCoax Networks AB (publ), Annual General Meeting, Jun 13, 2024InCoax Networks AB (publ), Annual General Meeting, Jun 13, 2024.
Reported Earnings • May 07First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr18.6m (up 71% from 1Q 2022). Net loss: kr3.19m (loss narrowed 50% from 1Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Breakeven Date Change • Mar 13The analyst covering InCoax Networks previously expected the company to break even in 2024. New forecast suggests losses will reduce by 18% to 2023. The company is expected to make a profit of kr1.70m in 2024. Average annual earnings growth of 92% is required to achieve expected profit on schedule.
Reported Earnings • Mar 13Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: kr0.40 loss per share (improved from kr0.71 loss in FY 2021). Revenue: kr50.3m (up 36% from FY 2021). Net loss: kr22.8m (loss narrowed 6.9% from FY 2021). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Alf Eriksson was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 23Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr7.37m (down 33% from 3Q 2021). Net loss: kr7.78m (loss widened 111% from 3Q 2021). Revenue is expected to decline by 16% p.a. on average during the next 2 years, while revenues in the Communications industry in Sweden are expected to grow by 4.3%.
Major Estimate Revision • Sep 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from kr59.5m to kr78.9m. EPS estimate fell from -kr0.48 to -kr0.51 per share. Communications industry in Sweden expected to see average net income growth of 21% next year. Consensus price target down from kr4.90 to kr2.43. Share price fell 19% to kr1.37 over the past week.
お知らせ • Aug 26+ 1 more updateInCoax Networks AB (publ) to Report Q1, 2023 Results on May 05, 2023InCoax Networks AB (publ) announced that they will report Q1, 2023 results on May 05, 2023
Reported Earnings • Aug 25Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: kr11.5m (up 28% from 2Q 2021). Net loss: kr5.08m (loss narrowed 12% from 2Q 2021). Over the next year, revenue is forecast to grow 67%, compared to a 8.7% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.
Price Target Changed • May 25Price target decreased to kr4.90Down from kr6.71, the current price target is provided by 1 analyst. New target price is 22% above last closing price of kr4.03. Stock is down 15% over the past year. The company is forecast to post a net loss per share of kr0.69 next year compared to a net loss per share of kr0.71 last year.
Reported Earnings • May 19First quarter 2022 earnings: Revenues exceed analyst expectationsFirst quarter 2022 results: Revenue: kr11.6m (up 16% from 1Q 2021). Net loss: kr6.33m (loss narrowed 11% from 1Q 2021). Revenue exceeded analyst estimates by 54%. Over the next year, revenue is forecast to grow 47%, compared to a 8.1% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Alf Eriksson was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Breakeven Date Change • Apr 08Forecast breakeven date pushed back to 2024The analyst covering InCoax Networks previously expected the company to break even in 2023. New forecast suggests losses will reduce by 46% per year to 2023. The company is expected to make a profit of kr11.3m in 2024. Average annual earnings growth of 72% is required to achieve expected profit on schedule.
Reported Earnings • Mar 30Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: kr0.67 loss per share (up from kr2.81 loss in FY 2020). Revenue: kr38.4m (up 248% from FY 2020). Net loss: kr24.5m (loss narrowed 58% from FY 2020). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 84%, compared to a 7.8% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.
Recent Insider Transactions Derivative • Jan 01Director exercised options to buy kr155k worth of stock.On the 30th of December, Anders Nilsson exercised options to buy 22k shares at a strike price of around kr5.00, costing a total of kr108k. This transaction amounted to 134% of their direct individual holding at the time of the trade. Since June 2021, Anders' direct individual holding has increased from 16.07k shares to 37.59k. Company insiders have collectively bought kr5.4m more than they sold, via options and on-market transactions, in the last 12 months.
Recent Insider Transactions Derivative • Dec 18Founder exercised options to buy kr218k worth of stock.On the 10th of December, Helge Tiainen exercised options to buy 31k shares at a strike price of around kr5.00, costing a total of kr153k. This transaction amounted to 23% of their direct individual holding at the time of the trade. Since March 2021, Helge's direct individual holding has increased from 113.07k shares to 130.10k. Company insiders have collectively bought kr5.3m more than they sold, via options and on-market transactions, in the last 12 months.
Recent Insider Transactions Derivative • Dec 09Chairman of the Board exercised options to buy kr7.2m worth of stock.On the 7th of December, Peter Agardh exercised options to buy 1m shares at a strike price of around kr5.00, costing a total of kr5.4m. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since December 2020, Peter's direct individual holding has increased from 6.47m shares to 8.65m. Company insiders have collectively bought kr5.2m more than they sold, via options and on-market transactions, in the last 12 months.
Reported Earnings • Nov 27Third quarter 2021 earnings: Revenues exceed analyst expectationsThird quarter 2021 results: Revenue: kr11.4m (up kr11.1m from 3Q 2020). Net loss: kr3.69m (loss narrowed 79% from 3Q 2020). Revenue exceeded analyst estimates by 36%. Over the next year, revenue is forecast to grow 53%, compared to a 5.2% growth forecast for the industry in Sweden.
Recent Insider Transactions • Oct 09Chairman of the Board recently bought kr162k worth of stockOn the 6th of October, Peter Agardh bought around 30k shares on-market at roughly kr5.39 per share. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months.
Recent Insider Transactions • Sep 29Founder recently sold kr439k worth of stockOn the 22nd of September, Helge Tiainen sold around 75k shares on-market at roughly kr5.85 per share. This was the largest sale by an insider in the last 3 months. Helge has been a seller over the last 12 months, reducing personal holdings by kr377k.
Reported Earnings • Aug 21Second quarter 2021 earnings releasedThe company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr9.13m (up kr8.69m from 2Q 2020). Net loss: kr5.76m (loss narrowed 61% from 2Q 2020).
Executive Departure • Jul 13Interim Chief Financial Officer Peter Hasselberg has left the companyOn the 1st of July, Peter Hasselberg's tenure as Interim Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Peter's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.33 years, which is considered inexperienced in the Simply Wall St Risk Model.
Reported Earnings • May 21First quarter 2021 earnings releasedThe company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: kr9.95m (up kr9.71m from 1Q 2020). Net loss: kr7.13m (loss narrowed 59% from 1Q 2020).
Reported Earnings • Mar 30Full year 2020 earnings released: kr2.81 loss per share (vs kr5.29 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: kr11.0m (up 291% from FY 2019). Net loss: kr57.8m (loss narrowed 12% from FY 2019).
Is New 90 Day High Low • Jan 21New 90-day high: kr6.90The company is up 20% from its price of kr5.76 on 23 October 2020. The Swedish market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 8.0% over the same period.
