Jaguar8 commented on a stock · Oct 1, 2024 04:09

NEWS

WISeKey Announces First Half 2024 Unaudited Financial Results and Updates on Strategic Business Initiatives

WISeKey Announces First Half 2024 Unaudited Financial Results and Updates on Strategic Business Initiatives
Substantial R&D investments aimed at securing a competitive edge in the fast-approaching era of post-quantum computing
Schedules Conference Call and Webcast for Wednesday, October 2 at 10:00 am ET (4:00 pm CET)
Geneva, Switzerland – September 30, 2024: – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd. ("WISeKey") ((SIX: WIHN, NASDAQ:WKEY), a global leader in cybersecurity, digital identity and Internet of Things (IoT) innovations operating as a holding company, today announces its unaudited financial results for the six-month period ending June 30, 2024 (H1 2024).
H1 2024 FINANCIAL AND OPERATIONAL HIGHLIGHTS
WISeKey's performance in the first half of 2024 underscores the company's resilience and strategic adaptability amidst rapid technological advancements.
• $5.2 million H1 2024 revenue, reflecting the expected slowdown in traditional semiconductor demand, with 2024 being a transitional year.
• $26.3 million cash balance (as of June 30, 2024).
• $2.9 million Investments in R&D for the development of new projects and technologies, including SEALSQ's post-quantum chip, SEALCoin, and our WISeSat satellites and next generations. This investment is essential to support our growth in future years.

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