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Wyld Networks - Slower rollout than expected - Mangold Insight Analysis

Virtual satellite network operator Wyld Networks ("Wyld") has started delivering products in the fourth quarter of 2024. this is a significant milestone for the company. However, the scaling-up of sales during the quarter has not materialized, which means that we adjusted the estimates for a slower rollout than expected. In March, Wyld entered into three partnerships with a potential total value of up to SEK 92 million. Wyld previously had an order book of SEK 91.5 million, which is expected to be translated into revenue in 2024 and beyond. Wyld:s cash amounted to about SEK 20 million by

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

Wyld Networks - Long-awaited delivery started - Mangold Insight Analysis

Virtual satellite network operator Wyld Networks ("Wyld") has started to deliver modules which will generate significant cash flows moving forward.  The order book of SEK 91.5 million is starting to be converted into revenue which is a huge step forward for Wyld. Mangold believes that the most relevant aspect is how quickly Wyld can deliver the pre-ordered modules and terminals.  In the second quarter, revenue was lower than expected while costs developed at an expected rate. An agreement with SpaceX on possible areas of collaboration further demonstrate the potential of Wyld's offer. The

Wyld Networks - Scaling up for bulk delivery - Mangold Insight Analysis

The virtual satellite network operator Wyld Networks ("Wyld") has replenished its order book which now totals approximately SEK 91.5 million, of which SEK 14.4 million relates to data revenue. In the first quarter of 2023, revenue was lower than expected of SEK 1.3 (4.0) million, which led to a revision of the full-year estimate. Mangold continues to estimate that the company will start delivering orders in volume during the third quarter of 2023. The company's costs are increasing at an expected pace and estimates remain unchanged for 2023. The company is estimated to be well

Wyld Networks - Massively growing order book - Mangold Insight Analysis

Wyld, after launching its satellite IoT network service, has received a rapidly growing order book. The order intake has amounted to SEK 40.5 million during the first three months of the year. Mangold estimates that more orders are to be expected when it comes to both Wyld Connect and data. The order book totals approximately SEK 76 million, of which SEK 13 million relates to data. Data revenue alone is expected to reach approximately SEK 97.1 million per year when all 223 000 units are operating at a conservative price of 3.50 dollar per unit per month. For 2022, revenues and costs were

Wyld Networks - Long-awaited launch completed - Mangold Insight Analysis

Virtual satellite network operator Wyld launched its satellite IoT network service on 8 December, and is now facing an exciting year. The company has an order book value of MSEK 34 (excluding data revenue) and over 40 collaboration partners. Mangold predicts that Wyld will convert the order book into revenue from the beginning of 2023, and believes that the order book will continue to grow. Expenses were in line with Mangold's estimates, but with higher staff costs and lower other expenses than expected. Wyld carried out a private placement in November of approximately MSEK 7.3, before

Wyld Networks - Strong establishment ahead of launch - Mangold Insight Analysis

Wyld has established eight new partnerships and generated a total orderbook value of approximetely MSEK 32 (excluding data revenue), corresponding to approximetely 92 000 Wyld Connect units. The order book is expected to be further increased prior to the launch later this year. Mangold had predicted that the launch of the full-scale satellite service would take place in September and has now postponed the expected launch to December. The costs were slightly higher than expected, which means that Mangold is upwardly revising the cost estimate for 2022 and beyond.Wyld continues to set up

Wyld Networks - New steps in the right direction - Mangold Insight Analysis

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

Wyld Networks - Foundations in place for commercialisation - Mangold Insight Analysis

The virtual satellite network operator IoT Wyld Networks ended 2021 strongly with several new collaboration agreements. Wyld reported higher income than estimated for 2021, and is well on its way to reaching the sales estimate for 2022. The company received orders of MSEK 17,0 and MSEK 11,3 (excluding data revenue) in the agricultural and forestry sectors. Mangold asses that the orders will generate 40 percent of the sales estimate for 2022 and shows Wyld's ability to generate high sales growth going forward.  Together with Eutelsat, Senet and TrakAssure, Wyld has formed a consortium

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