InCoax Networks AB (publ) (INCOAX) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

The last company to report Q2 2024 is Incuax and its CEO Jörgen Ekengren is here next to me. Welcome. Thank you very much. When you open the report and read it, your eyes are drawn quickly to the sales growth that you have been able to report. You have gone from 9.3 million SEK in sales Q2 2023 to 19.4 million SEK Q2 2024. However, the loss is in line, if not higher than last year. Tell us Jörgen, how do you see the quarterly results? I would say that we follow our plan. Then we also have fluctuations that we have predicted between the quarter. The long-term underlying trend is that we are increasing. And you can see that clearly if you compare half a year last year and this year. We have also built up our resources in several areas, for example sales operations and development, to prepare for this upcoming increase, which is driven a lot by the collaboration and agreement we have with Nokia. So some seasonal fluctuations, but also of course new investments that drive up costs. But if we focus a little more on sales growth, what is it that primarily drives it? The underlying need for fiber connections is still huge. And that is of course where our solution plays an important role. We see more and more operators now and I am interested in this solution because it is a quick way to connect more subscribers to their existing networks. You mentioned the first question, the collaboration with Nokia. It has become an agreement now. Could you describe a little bit about what the agreement looks like? It is a fairly comprehensive agreement that involves cooperation Both in sales and further development of the system. The big thing here is the integration that we have with Nokia's management system, Altiplano. Which means that we can offer a fully integrated solution to the m...