Wyld Networks

Financial Summary, Q2 2024

CFO Chris Caswell:

Operating Income for the second quarter more than double prior year. Year-to-Date June Operating Income up 66% on prior year.

CEO Alastair Williamson:     

Wyld completed the development of a new L-band product that utilises Astrocast’s L-band satellite constellation. This meets the needs of our current customers’ use cases, providing excellent satellite coverage and opens up new market opportunities.
    

The Board of Directors and CEO of Wyld Networks AB are aware that the company has a continued need for long-term financing. The Board of Directors and the CEO are continuously working to evaluate various financing options.

The interim Report is available to download at Wyld Networks’ website:
https://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 17:45 CET on 30 August 2024.

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