Redeye - This morning’s update.21 Aug 2023 09:31
Key takeaways from the report:
As Wyld has not yet commenced the fulfilment of bulk orders, our anticipated revenue figures were considerably limited. Consequently, we pay little attention to Wyld’s net sales of SEK0.4m (SEK0.1m). In our view, the order book ramp-up and the size of the cost base are more critical to pay attention to. As we estimate the first hardware deliveries to start in Q3’23, our expectations for sales in Q2’23 were minimal.
The hardware order book stood at c32m in the beginning of 2023 and is currently at cSEK77. During Q2’23, Wyld expanded the order book by approximately cSEK26 million during Q2’23, indicating a robust demand in our view.