Tern – Wyld 3rd quarter results show it’s still a significant cash burner: SMTM!
By Tom Winnifrith | Thursday 1 December 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In its RNS yesterday Tern (TERN) provided various extracts from Wyld’s 3rd quarter results for the period ended 30 September 2022. The extracts focus heavily on positives such as the purchase orders now being received by Wyld. If you look at the actuals published Wyld results it becomes apparent that it may take some time for these revenues to be reflected in the income statement as the following note to the accounts shows:
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