During the third quarter
Commenting on the Interim Report, CEO
"During the third quarter we successfully continued to secure partnerships and sign agreements with potential customers as launch partners and in addition, we have now started to see a transition into receiving purchase orders for Wyld Connect test terminals ahead of the full commercial launch of our satellite IoT service planned for mid-2022.
Looking ahead, our focus is to continue deliver on our commercialisation strategy. 2021 has been a transformational year for the
Financial summary
- Total income, SEK k
Q3: 726 (1,603)
9 months: 3,302 (4,630) - EBIT, SEK k
Q3: -7,552 (-2,126)
9 months: -22,157 (-5,727) - Earnings per share, SEK
Q3: -0.93 (-0.76)
9 months: -3.31 (-2.03)
Significant events during Q3
Wyld Networks successfully continued to secure partnerships and sign agreements with potential customers as launch partners. Up to the end of the Q3 2021 we have now secured agreements with eleven companies to participate in the test phase of our IoT solution.-
The company received an additional purchase order from
Eutelsat , our satellite partner, forSEK 900,000 to deliver an additional 5 satellite IoT test terminals to continue the testing of the Wyld Connect product with theEutelsat satellite constellation. -
Bayer Crop Science, a world leader in crop science placed a purchase order on the company to develop a bespoke satellite IoT terminal valued at
SEK 320,000 . We expect that once we have completed the development of this bespoke solution, we will commence volume manufacturing. -
The company put in place an accelerated operating plan and obtained a loan of
SEK 12 million . In conjunction with the loan, the company has established an additional warrant program TO3 provided free of charge to existing shareholders. This finance will bring forward the recruitment of sales and development resources, to accelerate the commercialization of our solution in global markets. Henrik Hedelius joined the board of directors ofWyld Networks AB to strengthen the company in its growth phase.
Significant events after Q3
Wyld Networks strengthened its technical and commercial position, protecting its IP and brand, with a published patent application for its cutting-edge technology and secured trademarks for the Wyld brand.- The Company joined the LoRa Alliance®, the global association of companies backing the open LoRaWAN® standard for the Internet of Things (IoT), to ensure the company participates in the standardisation process within the industry for its solutions.
The Interim Report is available to download at
For further information, please contact:
E-mail: alastair.williamson@wyldnetworks.com
Tel: +44 7 824 997 689
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