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Redeye comments on Wyld Networks Q1 ’23 report, which contained no major surprises. Net sales of SEK0.4m are slightly below our expectations, but we note a well-contained cost base below our estimates. We are further encouraged by the fast ramp-up of the hardware order book, currently at cSEK77m. We will await the outcome of the subscription of the TO3 warrants before making any adjustments to our fair value range.
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