Wyld Networks

Financial Summary, Q4 2023

CEO Alastair Williamson:     

2024 is going to be an incredibly exciting year for us as we accelerate customer acquisition and ramp up revenue for the business; having completed a lengthy period of testing and manufacturing of Wyld’s satellite IoT products.

In the coming months, the team are gearing up, as we now begin to see recurring revenue coming through the Wyld Fusion platform for Wyld Data as IoT managers begin onboarding their sensors and optimize our IoT device network across multiple satellite constellations.                                                                      

Wyld’s total addressable market which includes ISM band, NB-IoT, S-band and Wyld Fusion is $4.3 billion.  

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 08:30 CET on 27 March 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