RCS - Tern PLC - Wyld Networks Q3 2022 Results

TernAnnouncement

30/11/2022 07:45

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RNS Number : 9982H  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
(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 (mailto:tern@investor-focus.co.uk)

 Tim Metcalfe

 Graham Herring

 Florence Chandler

 

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