Rankings Tech hardware & optics Wyld Networks
Wyld Networks
17
15070100
A view of the same findings, not a new score. How it works
The model found several serious problems. That does not mean the stock will fall.
Biggest deductions
- Multiples vs own history−14
- Margin−10
- Cash flow and dilution−10
Strengths
- No documented strengths.
How the score is built
From 100 to 17, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 0.15 SEK
- Median analyst target
- –
- Upside to median
- –
- Analysts
- none
- Target range
- –
- 52-week change
- −95%
- P/E (trailing)
- n/a
- Forward P/E
- n/a
- PEG
- n/a
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 4 findings−29 of −30
- −10MarginNet revenue 0 in Q2 2026 (SEK 508k a year earlier) and negative revenue TTM; operating loss SEK 26.9m (TTM). Losses of SEK 27–47m every year since 2021.
- −8Quality of growthRevenue has fallen every year: SEK 2.46m (2021) → 1.12 → 0.78 → 0.39m (2024) → now zero. Hopes rest on one pilot order from a Ukrainian drone maker.
- −5MoatA virtual satellite IoT network with no satellites of its own and 20 employees; competes with far larger satellite and direct-to-device players. No documented moat or pricing power.
- −6Capital allocationAbout SEK 170m of paid-in capital vs accumulated losses of 165m; the acquisition of OKT Technology (June 2026) was paid with 50m new shares (SEK 7.5m) with no documented revenue.
Price
Today's multiples against the company's own history and its peers. · 2 findings−21 of −35
- −14Multiples vs own historyP/B 10.2 vs 1.9 in 2024; EV SEK 46m for a company with no revenue. Market value is +105% in a year while revenue has disappeared.
- −7Peers and offering priceThe price of SEK 0.29 is almost double the SEK 0.15 issue price from May; the market is paying for the drone story without revenue, at levels where peers with sales trade.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 6 findings−27 of −35
- −10Cash flow and dilutionShare count rose from 6.0m (Dec 2025, after a 1:500 reverse split) to 180m: an 18:1 rights issue at SEK 0.15, 50m consideration shares and 16.7m units. FCF −SEK 27m/year vs cash of 10.2m in July – a new share issue within a few months is likely.
- −4Debt and liquidityA SEK 6.7m loan facility had to be renegotiated, and a SEK 1.5m bridge loan was taken in April to cover working capital. Current ratio 0.73 and negative working capital.
- −5ExecutionRepeated strategy changes (mesh networks → satellite IoT → drones); revenue has not grown in a single year since 2021, and no financial guidance is given.
- −3Customers and macroThe drone case depends on one Ukrainian pilot customer and on the war; export controls and political risk could close the market.
- −2GovernanceInsiders own only 0.74%; the board was replaced at an extraordinary general meeting in May 2026, and the acquisition and share issue were proposed by shareholders. Piotroski 3.
- −3Share price riskThe share price is −94.7% over 52 weeks (range SEK 0.21–11.80 adjusted for the split) and rose 28% in one day; a penny stock.
Plus
Only documented strengths. · 0 findings±0 of +15
- No findings recorded.
Caveats
What the score does not capture, or where the data is weak.
Microcap (about SEK 52m), no net revenue in Q2 2026; share count ×30 in 2026 after an 18:1 rights issue and a 1:500 reverse split; cash lasts a few months; no analysts
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