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
Mangold has valued
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