InCoax Networks AB has received new orders with a combined value of USD 2 million (current value approximately SEK 21 million) for system products as well as software maintenance, operation- and platform support for installed InCoax systems from the US-based FiberLAN operator. The orders for system products will be delivered and invoiced during second quarter and third quarter 2024. Revenues from software maintenance, operation- and platforms support will be recognized over three years, starting in second quarter 2024.

The total order value for deliveries to the operator in 2024 now amounts to USD 5 million (previously USD 3 million), which currently corresponds to SEK 52.5 million. The operator supplements previous orders for 2024 concerning the ongoing expansion the operator is planning with InCoax's solution. This has resulted in additional orders to ensure the availability of products and services for 2024.