InCoax Networks AB (publ) (INCOAX) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Incoax has released a report for the third quarter of 2024 and of course I have with me the CEO Jörgen Ekengren in the studio. Hi Jörgen and welcome. Thank you very much. You have been here for many quarters and told us about the reports, but we have many new viewers on the channel. Could you give us a short history of who Incoax is? Absolutely. Incoax is a system solution company. In other words, we provide a complete solution to operators that consists of hard and soft materials. We solve a problem for an operator. How do you reach out and how do you connect all apartments in multi-family houses to the fiber network. And then we reuse the network and then we have equipment and software to get access to the fiber network. Right. And you are on many markets in Europe, but especially in the United States. Yes, we have a lot of interest in our solution in the USA. We also see a lot of potential in many other markets, for example in Germany, the UK and Finland last week. It is very interesting because it is a window that really opens up there now. You will get to know more about that very soon. If we start looking at the quarter, you will see a negative turnover result of minus 9 million kronor. What does this have to do with it? Since we have made this cooperation agreement with Nokia, we have have increased our resources in many areas to prepare us for the expansion that we expect will come when Nokia starts a more active sales in their channels of our system. And with necessity, we have to do a lot of activities to prepare for that, so it will be a little forward-looking for that reason, but I'm not It's more in line with what we have always planned. In the third quarter, the turnover increases from 14 to 16 million kronor. Not a big increase, but still an increase. ...