Wyld Networks’ Interim Report 1 January–31 December 2021: Increased customer demand

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The fourth quarter saw an increase in customer demand for Wyld Networks as the company continued to secure significant partner agreements ahead of the commercial launch of Wyld’s LoRaWAN® satellite IoT solution.

CEO Alastair Williamson:

“In our commercial negotiations we have started to engage customers from a new market segment compared to those we signed so far in 2021. In the fourth quarter we expanded our engagement to sign agreements – and form a consortium – with some of the world’s largest terrestrial LoRaWAN® IoT operators such as American Tower and Senet.

The Wyld team continue to make terrific progress as we complete the foundations for a successful commercial launch of our satellite IoT solution planned for later this year. As a leading virtual satellite network operator, we are well positioned to leverage on the growing customer needs in global IoT connectivity.”

Financial summary, 2021

  • Total income, SEK k
    Q4: 3,227 (1,167)
    Full year: 6,529 (5,797)
  • EBIT, SEK k
    Q4: –4,230 (–4,050)
    Full year: –26,387* (–9,777)
  • Earnings per share, SEK
    Q4: –0,51 (–1,44)
    Full year: –3,19 (–3,47)

* Includes one-off costs of SEK 6.23m mainly related to the company’s IPO.

Significant events during Q4

  • 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.
  • Wyld Networks entered a partnership with the acoustic technology innovator AgriSound to develop solutions to aid in the maintenance and optimization of the pollination environment.
  • Navigator Group of Companies and Wyld Networks initiated a partnership through which Navigator will pilot Wyld’s satellite IoT connectivity ahead of the commercial launch of Wyld Connect.
  • The company partnered with Glas Data and Overbury Enterprises to deploy satellite-connected soil moisture and water flow IoT sensors. The collaboration aims to deliver and visualise critical data to meet Overbury’s digitisation targets and to showcase economic and environmental sustainability benefits of IoT in agriculture.

Significant events after Q4

  • Wyld Networks announced it has partnered with Eutelsat Communications, Senet, and TrakAssure, forming a global consortium to bring integrated and interoperable terrestrial and satellite LoRaWAN® IoT connectivity to customers across the globe.
  • The company entered a partnership with American Tower to deploy the Wyld Connect solution in Brazil. The companies will implement a pilot of Wyld Connect in advance of a commercial agreement.
  • Wyld Networks announced a partnership with Treevia to deploy its IoT sensor-to-satellite technology with Treevia SmartForest solution, a digital platform for automated management of forest operations.
  • A partnership with US-based Agrology was entered to deploy Wyld’s satellite IoT solution to combine affordable satellite IoT and predictive data analytics for agriculture.
  • Wyld Networks entered a partnership with Snow Acres to bring satellite-connected data to Snow Acre’s remote soil moisture sensing technology.
  • Wyld and TrakAssure formed a partnership to offer global LoRaWAN® satellite based IoT connectivity for asset tracking solutions.
  • An agreement was signed with Axceta, a Canadian specialist IoT hardware and software company, to offer satellite connectivity for IoT solutions to enable 100% global wireless coverage.

The Interim Report is available to download at Wyld Networks’ website: www.wyldnetworks.com/investor-relations

For further information, please contact:

Alastair Williamson, CEO Wyld Networks
E-mail: alastair.williamson@wyldnetworks.com 
Tel: +44 7 824 997 689

This information is such that Wyld Networks AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU No 596/2014). The information was submitted for publication, through the agency of the contact person above, at 08:30 CET on 28 February 2022.

About Wyld Networks AB

Wyld Networks develop and sells innovative wireless technology solutions that enables affordable connectivity anywhere in the World, addressing the problems for businesses and people regarding the lack of global mobile network coverage. The solutions are mainly targeted to wireless connectivity for the Internet of Things (IoT) and people.

Wyld Networks Ltd was formed in Cambridge, UK in 2016 and is a wholly owned subsidiary of Wyld Networks AB.

The Wyld Networks share (WYLD) is traded on the Nasdaq First North Growth Market. Certified Adviser is Mangold Fondkommission AB (tel +46 8-5030 1550, email ca@mangold.se).

Read more on www.wyldnetworks.com