Tern PLC Wyld Networks Q3 2022 Results
November 30 2022 - 02:45AM
RNS Non-Regulatory
TIDMTERN
Tern PLC
30 November 2022
REACH
30 November 2022
Tern Plc
("Tern" or the "Company")
Wyld Networks Q3 2022 Results
Tern Plc (AIM:TERN), the company focused on value creation from
Internet of Things ("IoT") technology businesses, is pleased to
note that Wyld Networks AB ( " Wyld Networks" or "Wyld") has today
announced its interim results for the three months ended 30
September 2022 ("Q3 2022") ahead of the planned launch of their
satellite IoT network service on 8 December 2022 (the "Wyld Q3 2022
Announcement") . Tern's holds 46.5% of Wyld Networks' equity.
Extracted from the Wyld Q3 2022 Announcement
Financial Summary, Q3 2022
-- Total income, SEK k
Q3: 933 (726)
-- Total EBIT, SEK k
Q3: -8,933 (-7,552)
-- Earnings per share, SEK
Q3: -0.87 (-0.93)
Significant events during Q3 2022
-- Wyld Networks has signed five additional partnerships with:
ATSS (Saudi Arabia), Khomp (Brazil), IoTMaxi (Brazil), British
American Tobacco (Brazil), Miromico (Switzerland)
-- Wyld Networks has successfully designed, manufactured and
deployed (in various locations) the beehive contact sensors
integrated with Wyld Connect. This initiative, together with Bayer
Crop Sciences entomology team will deliver hive interaction data to
the global apiculture sector
-- Wyld Networks breakthrough partnership with Miromico, a Swiss
IoT company, to resell Wyld Connect and focus on integrated
circuits, electronic systems and software products to meet the
growing demand for connectivity for the IoT
-- Wyld receives further purchase orders of Wyld Connect of SEK
1.07 million from C.Towers in Brazil and a Nordic IoT company in
the utilities sector
Significant events after Q3 2022
-- Wyld Networks announced a partnership with Lacuna Space to
increase global satellite coverage for its satellite service to be
launched in December 2022
-- Wyld signs a partnership with Spider Digital, a security and
intelligence technology company located in the UAE, UK, North
America and Bangladesh
-- C.Towers orders data for SEK 830,000 as a follow-up to a Wyld
Connect hardware order earlier this year for SEK 300,000. This
applies to the recurring data charges for the IoT data service via
satellite
-- IMAE orders data for SEK 820,000 as a follow-up to a Wyld
Connect hardware order earlier this year for SEK 300,000
-- Wyld Networks AB has carried out a directed issue of new
shares of approximately SEK 7.3 million
-- Wyld announces the launch of satellite IoT network service starting 8 December 2022
The full Wyld Networks Q3 2022 Announcement may be accessed
at:
https://wyldnetworks.com/investor-relations
Enquiries
Tern Plc via IFC Advisory
Al Sisto (CEO)
Sarah Payne (CFO)
Allenby Capital Limited Tel: 0203 328 5656
(Nominated Adviser and Broker)
David Worlidge / Alex Brearley (Corporate
Finance)
Matt Butlin / Kelly Gardiner (Sales
and Corporate Broking)
IFC Advisory Tel: 0203 934 6630
(Financial PR and IR) tern@investor-focus.co.uk
Tim Metcalfe
Graham Herring
Florence Chandler
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