InCoax has secured additional orders with a combined value of 545 kUSD (5.4 MSEK) for system products, software maintenance, operational, and platform support for installed InCoax systems from the US-based FiberLAN operator. Orders for system products in 2024 now amount to 28.7 million SEK, with the majority scheduled for invoicing in the first quarter of 2024. Revenues from software maintenance, operational, and platform support total 1.7 million SEK and will be recognized over a three-year period starting in January 2024. The aggregated order value for deliveries to the operator in 2024 now exceeds 3 million USD (previously 2.5 million USD), equating to over 30 MSEK.
The operator is augmenting the earlier 2024 orders in line with its continued expansion plans utilizing InCoax’s solution. This has resulted in additional orders aimed at ensuring the availability of products and services throughout 2024.
Learn more about InCoax and its MultiGigabit solutions here.