Wyld Networks - Exciting phase for the satellite network operator - Mangold Insight Analysis
Virtual satellite network operator Wyld Networks ("Wyld") has started to deliver modules, which is expected to generate substantial revenue growth in the coming quarters. Contracts have also been signed during and after the quarter, which may result in further increased revenue. Wyld Fusion was also released as a separate product, and is expected to contribute to its recurring revenue. Wyld had a cash position of about SEK 33 million at the end of the third quarter. Mangold believes that it makes the company well capitalized to be able to scale up production and delivery in the fourth