Wyld Networks (WYLD) Q4 2024 earnings summary

Executive summary

• Revenue for Q4 2024 increased by 15% year-over-year to SEK 1.3 million; full-year revenue up 16% to SEK 7.4 million.

• Significant one-time costs of SEK 5.6 million in Q4 related to capital raising and restructuring; normalized EBIT down 33% year-over-year.

• Major partnerships and orders secured in South America, Australia, France, Turkey, APAC, and Kazakhstan, expanding global reach.

• First meaningful revenues from satellite IoT solutions recognized in Q1 2025, with further deliveries planned.

• Workforce reduced to 26 at year-end from 38, reflecting cost-saving and restructuring efforts.

Financial highlights

• Q4 operating loss of SEK -14.2 million, full-year loss of SEK -43.2 million, both improved from prior year.

• EPS for Q4: SEK -0.025 (basic), SEK -0.018 (diluted); full-year: SEK -0.075 (basic), SEK -0.055 (diluted).

• Cash at year-end SEK 3.2 million, bolstered in Q1 2025 by new loans and warrant proceeds.

• All external loans repaid by year-end; SEK 53 million in new equity raised during 2024.

• Customer receivables at zero due to prepayment policy; R&D tax credits expected in 2025.

Outlook and guidance

• 2025 expected to see accelerated revenue growth as commercial deliveries ramp up and recurring revenues begin.

• Company well positioned for global expansion with regulatory approvals in over 76 countries.

• Ongoing focus on scaling production, fulfilling orders, and expanding into defense and new verticals.