Aankondiging • Jun 04
InCoax Networks AB Expands D-Series Family With Introduction Of D2502 ER And D2504 ER InCoax Networks AB announced the expansion of its D-series product family with the introduction of the D2502 ER and D2504 ER, creating a complete and scalable DPU portfolio for broadband deployment in small, medium and large multi-dwelling units. The expanded portfolio enables operators to standardize on a common InCoax platform across a wider range of building types, supporting faster, more cost-efficient rollouts using existing in-building coaxial infrastructure. The new products are based on the recently introduced D2508 ER and enable operators to use one common platform across a wider range of property sizes and deployment scenarios. By matching network capacity to building size while maintaining the same software architecture, management interfaces and operational model, operators can simplify planning, installation and network operations. The D-series family is based on MoCA Access 2.5 technology and is designed to help operators accelerate broadband deployment in apartment buildings by reusing existing in-building coax infrastructure. This reduces the need for new wiring, minimizes disruption for residents and lowers in-building deployment costs. All models share the same software architecture, management interfaces and service capabilities, including support for eQoS for MoCA Access 2.5, remote management, and integration with InCoax Manage EMS or third-party systems. The platform also supports coexistence with legacy TV services and DOCSIS networks, enabling service upgrades while preserving existing infrastructure. The D-series family supports GPON, XG-PON, XGS-PON and Active Ethernet uplinks, enabling deployment in a wide range of fiber access architectures. As part of the InCoax MoCA Access platform, the products support both Fiber Access Extension and FWA Extension over existing coaxial infrastructure. All models include Extended Range (ER), providing enhanced output power and link budget for demanding in-building environments. The D-series family is available in regional variants for EU, US and UK markets. Aankondiging • May 22
InCoax Networks AB (publ) Launches Incoax Fiber Extension Solution InCoax 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. Board Change • May 20
No independent directors Following 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 Monika Gullin was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 15
InCoax Networks AB (publ), Annual General Meeting, Jun 12, 2026 InCoax 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 Aankondiging • May 07
InCoax Networks AB (publ) to Report Q1, 2027 Results on May 07, 2027 InCoax Networks AB (publ) announced that they will report Q1, 2027 results on May 07, 2027 Aankondiging • May 02
InCoax Networks AB Announces D2508 ER For Large Apartment Buildings InCoax 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. Aankondiging • Apr 10
InCoax Networks Implements Enhanced Quality of Service for MoCA Access in D-Series Platform InCoax 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. Aankondiging • Mar 06
InCoax Networks AB (publ) to Report Q4, 2026 Results on Mar 05, 2027 InCoax Networks AB (publ) announced that they will report Q4, 2026 results on Mar 05, 2027 Aankondiging • Dec 23
InCoax Networks AB (publ) announced that it expects to receive SEK 17.5 million in funding from Saugatuck Invest AB, BLL Invest AB, Svenska Defence Aktiebolag InCoax 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 Aankondiging • Nov 13
InCoax Networks AB (publ) Announces Executive Changes InCoax 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. Aankondiging • Nov 08
InCoax Networks AB (publ) Announces CEO Changes, November 6, 2025 InCoax 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. Aankondiging • Jun 13
InCoax Networks AB (Publ) Announces Board Changes InCoax 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. Reported Earnings • Nov 03
Third quarter 2024 earnings released Third 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 3.2% growth forecast for the Communications industry in Europe. Reported Earnings • Aug 16
Second quarter 2024 earnings released Second 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 3.4% growth forecast for the Communications industry in Europe. Breakeven Date Change • May 12
Forecast breakeven date moved forward to 2025 The 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 09
First quarter 2024 earnings released First 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 2.9% growth forecast for the Communications industry in Europe. 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 26% per year, which means it is significantly lagging earnings. Breakeven Date Change • Mar 11
Forecast breakeven date pushed back to 2026 The analyst covering InCoax Networks previously expected the company to break even in 2025. New forecast suggests losses will reduce by 35% per year to 2025. The company is expected to make a profit of kr28.6m in 2026. Average annual earnings growth of 77% is required to achieve expected profit on schedule. Reported Earnings • Mar 10
Full 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 2.3% growth forecast for the Communications industry in Europe. 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 34% per year, which means it is significantly lagging earnings. Aankondiging • Mar 01
InCoax Networks AB (publ) Appoints Andreas Bergman as Chief Commercial Officer and Member of the Management Team Andreas 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 10
New minor risk - Shareholder dilution The 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: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (€19.3m market cap, or US$20.8m). Aankondiging • Jan 26
InCoax 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 Aankondiging • Dec 20
InCoax 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 Aankondiging • Nov 04
InCoax Networks AB (publ) to Report Fiscal Year 2023 Final Results on May 17, 2024 InCoax Networks AB (publ) announced that they will report fiscal year 2023 final results on May 17, 2024 Reported Earnings • Nov 04
Third quarter 2023 earnings released Third 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 1.4% growth forecast for the Communications industry in Europe. Aankondiging • Nov 03
InCoax Networks AB (publ) to Report Q4, 2024 Results on Mar 06, 2025 InCoax Networks AB (publ) announced that they will report Q4, 2024 results on Mar 06, 2025 Reported Earnings • Aug 20
Second quarter 2023 earnings released Second 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 Europe. Reported Earnings • May 07
First quarter 2023 earnings released First 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 2.5% growth forecast for the Communications industry in Europe. Breakeven Date Change • Mar 14 The 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 13
Full year 2022 earnings released: kr0.40 loss per share (vs kr0.71 loss in FY 2021) Full 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 is forecast to grow 26% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Communications industry in Europe. Aankondiging • Dec 15
Incoax Networks AB (Publ) Appoints Mats Svensson as New CFO Mats Svensson has since January 2022 been interim CFO at InCoax and will now continue as the regular CFO in the company. Mats has extensive expertise and experience in business controlling, accounting and finance from leading listed and unlisted companies, such as Scan Coin, Imperial Logistics, Flint Group, Nestlé and ScanCoin. Board Change • Nov 16
No independent directors Following 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. Aankondiging • Nov 04
Incoax Networks AB (Publ) Appoints Nomination Committee The InCoax Networks AB Nomination Committee should consist of four members with one representative from each of the three largest shareholders as of September 30th that wish to nominate a member, and the Chairman of the Board. The Nomination Committee has now been appointed and consists of; Stefan Engström representing Saugatruck Invest AB, Anders Nilsson representing Norrlandspojkarna AB, Lars Berggren representing BLL Invest AB and Peter Agardh in his capacity as Chairman of the Board. Reported Earnings • Oct 23
Third quarter 2022 earnings released Third 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 Europe are expected to grow by 3.7%. Aankondiging • Aug 26
InCoax Networks AB (publ) to Report Q1, 2023 Results on May 05, 2023 InCoax Networks AB (publ) announced that they will report Q1, 2023 results on May 05, 2023 Reported Earnings • Aug 26
Second quarter 2022 earnings released Second 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 8.6% growth forecast for the Communications industry in Germany. Aankondiging • Aug 26
InCoax Networks AB (publ) to Report Q4, 2022 Results on Mar 10, 2023 InCoax Networks AB (publ) announced that they will report Q4, 2022 results on Mar 10, 2023 Aankondiging • Jul 13
InCoax Networks AB (publ) Provides Earnings Guidance for the Year 2022 InCoax Networks AB (publ) provided earnings guidance for the year 2022. The Board's assessment now is that InCoax will have net sales of SEK 25 million for 2022. The previously communicated growth targets remain intact. Aankondiging • Jun 17
InCoax Networks AB (Publ) Announces Resignation of Kevin Foster as Board Member InCoax Networks AB (publ) announced that Kevin Foster steps down as a Board member of InCoax with effect from 16 June 2022. Kevin has been a Board Member since 2020 and will remain as an advisor to InCoax via his consultancy company. Reported Earnings • May 19
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr11.6m (up 16% from 1Q 2021). Net loss: kr6.33m (loss narrowed 11% from 1Q 2021). Over the next year, revenue is forecast to grow 47%, compared to a 7.1% growth forecast for the industry in Germany. Aankondiging • May 17
InCoax Networks AB (publ), Annual General Meeting, Jun 16, 2022 InCoax Networks AB (publ), Annual General Meeting, Jun 16, 2022. Agenda: To consider Presentation of the Annual Report and Audit Report; to consider resolution on adoption on the profit and loss statement and balance sheet; to consider resolution on distribution of the company's profits according to the adopted balance sheet; to consider resolution on discharge from liability for the members of the board and the CEO; to consider Determination of the number of board members, auditors and deputy auditors; to consider Determination of remuneration for the board members and the auditor; to consider Election of board members and auditor; to consider Resolution on amendment of the Articles of Association; to consider Resolution on authorization regarding issues; and to consider other matters. Breakeven Date Change • Apr 27
Forecast breakeven date pushed back to 2024 The 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. Board Change • Apr 27
No independent directors Following 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 09
Forecast breakeven date pushed back to 2024 The 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 30
Full year 2021 earnings released: kr0.67 loss per share (vs kr2.81 loss in FY 2020) Full 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). Over the next year, revenue is forecast to grow 84%, compared to a 6.9% growth forecast for the industry in Germany. Aankondiging • Jan 20
InCoax Networks AB (publ) Announces Revenue Guidance for the Year 2022 and 2023 InCoax Networks AB (publ) announced that for the current fiscal year, 2022, the target is to double net turnover compared to 2021.For the fiscal year 2023, the aim is to continue grow net turnover at a considerable pace. Not counting a potential serial order from the North American Tier-1 operator they estimate that the turnover will grow at least another 50% 2023. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues exceed analyst expectations Third 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 4.3% growth forecast for the industry in Germany. Breakeven Date Change • Sep 23
Forecast to breakeven in 2023 The analyst covering InCoax Networks expects the company to break even for the first time. New forecast suggests the company will make a profit of kr16.5m in 2023. Average annual earnings growth of 82% is required to achieve expected profit on schedule. Reported Earnings • Aug 21
Second quarter 2021 earnings released The 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 13
Interim Chief Financial Officer Peter Hasselberg has left the company On 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 21
First quarter 2021 earnings released The 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 29
Full 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).