InCoax Networks AB

InCoax Networks AB

SSTO:INCOAX
0.08
SEK
+0.01
(+17.70%)
-0.35EPS
151.07MMarket Cap
Nov 16Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.13
0.18
0.1
0.15
0.14
0.48
0.43
0.78
0.83
0.4
0.17
Basic EPS, GAAP
-1.05
-1.87
-3.45
-3.58
-2.2
-0.56
-0.38
-0.22
-0.21
-0.27
-0.35
Free Cash Flow per Basic Share
-0.95
-1.83
-3.82
-3.98
-2.1
-1.02
-0.92
-0.41
-0.59
-0.38
-0.33
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.69
0.09
1.83
1.47
0.7
1.26
1.27
1.05
0.87
0.84
0.66
Tangible Book Value per Share
0.52
0.01
1.83
1.47
0.5
0.78
0.64
0.17
0.14
-0.06
0.66
Basic Weighted Avg Shares
15
15
14
18
26
43
60
76
90
120
121
Sales/Revenue/Turnover
2
3
1
3
4
21
26
60
74
48
20
Operating Margin (%)
-819.34
-1,023.34
-3,303.39
-2,307.11
-1,515.27
-116.45
-92.82
-28.07
-28.32
-67.78
-202.63
Depreciation Expense
1
1
2
1
1
1
1
1
1
- -
6
Net Income, GAAP
-16
-28
-49
-66
-58
-24
-23
-17
-19
-33
-43
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-835.33
-1,029.75
-3,316.83
-2,330.23
-1,526.27
-117.24
-88.01
-28.36
-25.71
-67.75
-209.9
Working Capital
2
3
13
38
18
40
51
14
17
14
13
LT Debt
2
3
3
- -
3
3
3
3
- -
3
- -
Total Equity
10
1
26
40
25
62
96
80
111
110
95
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-478.41
-357.48
-199.3
-179.51
-56.59
-28.84
-19.23
-20.14
-29.56
-38.41

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
3
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
131
131
145
Market Capitalization
96
59
151

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
34
28
38
Cash, Cash Equivalents & STI
9
4
8
Accounts Receivable, Net
2
3
11
Inventories
20
20
20
Total Current Liabilities
20
17
25
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
45.58%
-0.69%
Free Cash Flow
- -
3.34%
-14.28%
Net Income, GAAP
- -
-1.42%
70.02%
Sales/Revenue/Turnover
- -
119.01%
-35.49%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
31
19
17
7
74
2025
26
8
5
9
48
2026
2
4
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
-0.06
-0.08
-0.07
-0.21
2025
-0.02
-0.1
-0.06
-0.09
-0.27
2026
-0.12
-0.08
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Jakob Tobieson
Full Time Employees
22
Sector
Electronic technology
Industry
Telecommunications equipment
Address
Ideon Science Park Gävle Sweden 223 62
IPO Date
Jan 3, 2019
Website
incoax.com
Business
InCoax Networks AB (publ) specializes in providing high-performance broadband access solutions by repurposing existing in-building coaxial cable infrastructure for fiber-to-the-home (FTTH) and fixed wireless access (FWA) extension deployments. The company manufactures and sells a range of products including InCoax Control Units and Distribution Point Units (DPUs) like the InCoax D2501 for fiber access extension in small multi-dwelling units (MDUs) in point-to-multipoint (P2MP) coaxial networks; in:xtnd Control systems for fiber access extension in both point-to-point (P2P) and P2MP coaxial networks; InCoax Access modems such as the MoCA Access A251 and A101 series of network termination equipment (NTE) modems; frequency combiners under the InCoax Combine brand; and InCoax Manage cloud-based coax link manager (CLM) for element management. These products support multi-gigabit broadband speeds based on the MoCA Access™ standard, delivering up to 5 Gbps symmetrical speeds with low latency, enabling telecom operators, internet service providers, and fiber/FWA operators to deliver cost-effective broadband connectivity to MDUs, offices, and hotels in Europe, North America, and internationally. Recent major changes at InCoax include strategic partnerships and product launches aimed at expanding global market reach and enhancing technology integration. Notably, InCoax formalized a Memorandum of Understanding with Nokia in 2024, whereby Nokia integrates InCoax’s fiber access extension system solution within its Gigabit Connect portfolio to complement Nokia’s XGS-PON solutions, targeting broadband operators such as MSOs and cable operators globally. This partnership anticipates deliveries starting in the second half of 2024 and is designed to reduce installation time and costs for property owners while offering high-performance broadband access. Additionally, InCoax entered a strategic alliance with CTIconnect in early 2025 to expand broadband solutions in North America, leveraging InCoax’s MoCA Access technology to enhance digital inclusion in multi-dwelling units in urban and suburban markets. Further product innovation includes the launch of a new broadband access solution delivering 5 Gbps symmetrical speeds over coaxial networks and a 5G mmWave FWA broadband extension demonstrated live in Paris in 2025. Executive changes and strengthened sales initiatives also mark the company’s recent developments. Founded in 2015 and headquartered in Lund, Sweden, InCoax Networks operates in the telecommunications equipment industry, focusing on high-speed broadband access technologies that address the last mile challenge in fiber deployment by innovatively utilizing existing coaxial infrastructure. Its customer base primarily includes communication service providers, broadband operators, and hospitality sector clients across the European Union, North America, and other international markets. InCoax’s solutions emphasize sustainability, cost efficiency, and scalability to support the growing demand for multi-gigabit internet access in multi-dwelling and commercial properties. This comprehensive approach positions InCoax Networks as a leading innovator in multi-gigabit broadband access technologies that bridge the gap between fiber infrastructure and end-user connectivity, with a strategic emphasis on collaboration with global technology leaders and market expansion across key regions.