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    WYLD   SE0015812516

WYLD NETWORKS AB (PUBL)

(WYLD)
Delayed Nasdaq Stockholm  -  08:48 2022-08-08 am EDT
15.10 SEK   +0.67%
08/01Wyld Networks AB to Webcast Live at VirtualInvestorConferences.com August 4th  
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07/18Wyld Networks Unveils Partnership For Satellite IoT Systems In Saudi Arabia
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07/18Wyld Networks and ATSS sign agreement to deploy sensor to satellite connected IoT solutions across Saudi Arabia
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Wyld Networks - New steps in the right direction - Mangold Insight Analysis

06/15/2022 | 02:01am EDT

Wyld's first quarter was mainly as expected; Revenue was lower than in the previous year, where the majority of revenue consisted of a British tax credit. The company's sales are expected to increase exponentially in 2022, driven by the expected launch in September, with recurring monthly revenue from data fees. Other expenses were slightly higher than expected, which means that they are upwardly adjusted by MSEK 1.4 for the full year 2022. 

Wyld's subscription warrants resulted in MSEK 25.2 in financing, in addition to the existing cash of MSEK 12. As such, the coffers are well stocked for the upcoming launch of Wyld Connect. Wyld signed agreements with six new collaboration partners relating to reseller agreements, orders for IoT devices, connection to the satellite network, and additional satellite access. The company has chosen to establish the American part of its operations in Missouri, where agriculture and logistics are significant industries. The strategic location is judged to give the company stronger positioning, particularly in agriculture and logistics. 

Mangold has valued Wyld Networks with a DCF model and maintains the price target of SEK 33.00 per share, corresponding to an upside of over 200 percent. Wyld has succeeded in attaining MSEK 28.6 in order value in 2022, excluding data revenue, which is seen as an acknowledgement  of the demand for the company's products. An important trigger for the company is the upcoming launch during the second half of 2022. 
 

http://publish.ne.cision.com//Release/ViewReleaseHtml/A981DAC6B3446B28E0C856B0705FC7D6

https://mb.cision.com/Main/20640/3585488/1592769.pdf

(c) 2022 Cision. All rights reserved., source Press Releases - English

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Financials ()
Sales 2021 2,46 M - -
Net income 2021 -26,9 M - -
Net cash 2021 6,17 M - -
P/E ratio 2021 -6,50x
Yield 2021 -
Capitalization 158 M 15,4 M -
EV / Sales 2020 -
EV / Sales 2021 67,4x
Nbr of Employees 26
Free-Float -
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Managers and Directors
Alastair Williamson Chief Executive Officer
Christopher Caswell Chief Financial Officer & Deputy CEO
Mats Lennart Andersson Chairman
Eugene Myers Chief Technology Officer & SVP-Engineering Mesh
Stephen Clarke Chief Operating Officer & SVP-Engineering Connect