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.
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.
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