InCoax Networks Reports First Quarter 2024 Earnings

InCoax Networks (STO:INCOAX) First Quarter 2024 Results

Key Financial Results

• Revenue: kr37.5m (up 101% from 1Q 2023).
• Net income: kr4.33m (up from kr3.19m loss in 1Q 2023).
• Profit margin: 12% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

InCoax Networks Earnings Insights

Looking ahead, revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Communications industry in Sweden.

Performance of the Swedish Communications industry.

The company's shares are up 20% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for InCoax Networks (1 makes us a bit uncomfortable!) that you need to be mindful of.

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