Redeye has updated our estimates and fair value range in light of Wyld Networks’ Q3 2023 report, which aligned with our expectations and contained no major surprises. Shipment of Wylds satellite IoT products has commenced, and the inflow of new launch partners remains high. The adjustments to our fair value range reflect the impact of rising interest rates and estimate revisions, leading to a new Base case of SEK14 (SEK15) per share.

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