Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

NEWS ER

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


Schedules Conference Call and Webcast for Thursday, September 26 at 9:00 am ET (3:00 pm CET)


Strategic initiatives include launch of Quantum-Resistant Secure Chips and partnerships to establish several OSAT Chip Design and Customization Centers.
Despite temporary slowdown in H1 2024, SEALSQ expects an improved performance in H2 2024 and return to growth in 2025.
Expected growth supported by $2.4 million investments made during H1 2024 in research and development initiatives.
With a strong cash position of $18.9 million at June 30, 2024, SEALSQ is well-equipped to weather the current slowdown and continue funding its strategic initiatives.
Release of engineering samples of SEALSQ's QS7001 Quantum-Resistant Secure Chips is expected before the end of 2024.
Robust pipeline of current and new business opportunities valued at $71 million as of September 20, 2024 is driven by the launch of the next generation of semiconductors, which SEALSQ expects to release in 2025.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
Translate
Report
4389 Views
Comment
Sign in to post a comment
    Spread kindness and love. Life is short. Don’t let greed eat you.
    2537Followers
    107Following
    27KVisitors
    Follow