InCoax Networks AB (publ) revised net sales guidance for the year 2023. The company observes a strong sales performance towards the end of 2023 and thereby communicates an update regarding the financial targets. The 2023 net sales are expected to reach approximately SEK 60 million, reflecting growth of approximately 130% compared to 2022.

The previously communicated net sales target for 2023 was an increase of 100% compared to 2022 (equivalent of approximately SEK 52 million).