**Securing a Brighter Future: WISeKey’s Vision for 2025**
WISeKey International Holding Ltd, a global leader in cybersecurity, digital identity, and IoT solutions, has announced its audited financial results for the year ended December 31, 2024, and shared its strategic vision for 2025. The Company’s mission is to secure the internet and enable the convergence of foundational technologies. **A Strong Financial Foundation**
WISeKey’s 2024 year-end solid cash position in excess of $90 million, alongside its much cleaner balance sheet, places the Company in a strong position to invest in high-growth areas such as post-quantum cybersecurity, next-generation semiconductors, satellite infrastructure, and blockchain-based ecosystems.
- WISeKey has a $90.6 million cash balance as of December 31, 2024, alongside a much cleaner balance sheet.
- The Company generated $11.9 million in revenue in FY 2024, down from $30.1 million in FY 2023, due to a transitional year with semiconductors customers gradually shifting to next-generation quantum-resistant solutions.
- WISeKey invested $7.0 million in R&D for new projects and technologies, including SEALSQ’s post-quantum chip, SEALCOIN, and WISeSat next-generation satellites.
**Key Highlights of FY 2024**
The Company’s FY 2024 highlights include:
- $90.6 million cash balance.
- $11.9 million revenue, down from $30.1 million in FY 2023.
- $7.0 million R&D investments.
- First engineering samples of quantum-resistant secure microcontroller delivered in Q4 2024.
- Signed a landmark agreement with the Swiss Army to co-develop advanced cybersecurity and space-based capabilities.
- $115 million pipeline of secured and pending business opportunities over the period from 2026 to 2028.
**Convergence of Foundational Technologies**
WISeKey’s convergence approach positions the Company at the intersection of critical transformations such as quantum-resilient security, space-based connectivity, and the decentralized economy.
“2024 has been a pivotal year for WISeKey. We ended the year with a very strong balance sheet, strategic technological milestones, and a clear roadmap to take advantage of new opportunities ahead. From launching 17 secure satellites in partnership with SpaceX and further advancing negotiations on our semiconductor personalization center strategy, to scaling our blockchain platforms and developing post-quantum chips, we have created a solid foundation across every layer of digital trust infrastructure.” – Carlos Moreira, Founder and CEO of WISeKey.
**Expanding Trust Services**
WISeKey continues to strategically expand its global presence, secure key partnerships with renowned distributors and sales representatives in crucial markets.
- WISeSat expanded its secure space capabilities, deploying low-earth-orbit picosatellites to provide secure IoT connectivity for remote applications.
- WISeID, WISeKey’s flagship digital identity platform, introduced biometric authentication, self-sovereign identity (SSI), and post-quantum cryptographic protocols.
- WISe.ART, WISeKey’s blockchain-based ecosystem for digital art and NFTs, integrated Web 3.0 technologies to ensure secure authentication and tokenization.
**A Brighter Future**
WISeKey’s vision for 2025 is one of execution and scale, where its integrated business units aim to deliver tangible impact.
- WISeKey anticipates strong growth in 2025, propelled by SEALSQ’s quantum-resistant technology developments and expanding IoT security demand.
- The Company expects to generate substantial returns from the full-scale commercial deployment of its quantum-resistant chip starting in 2026.
- WISeKey has taken several initiatives to develop new revenue streams and strengthen net results, including the establishment of the Quantix Edges semiconductor personalization and design center in Spain.
**SEALSQ: Leadership in IoT and Post-Quantum Cryptography**
SEALSQ Corp, WISeKey’s semiconductor subsidiary, advanced its mission to secure the connected world by focusing on post-quantum cryptography (PQC) and IoT security.
- SEALSQ developed quantum-resistant technologies to protect data against future quantum threats, aligning with global standards like those from NIST.
- SEALSQ’s future strategy is built around four key priorities:
- Commercial launch of post-quantum chips.
- Expansion of chip fabrication partnerships to increase output for enterprise and government security solutions.
- Developing quantum-resistant ASICs for specific large client needs.
- Executing targeted acquisitions, investments, and joint ventures.
**WISeSat: Expanding Secure Space Capabilities**
WISeSat AG, WISeKey’s space technology subsidiary, advanced its WISeSat.Space project, deploying low-earth-orbit picosatellites to provide secure IoT connectivity for remote applications.
- WISeSat has launched 17 mini-satellites with SpaceX into orbit through a strategic investment and partnership with FOSSA Systems.
- The Company plans to deploy 88 next-generation satellites over the next 36 months, significantly enhancing global IoT connectivity and environmental monitoring capabilities.
- WISeSat has signed a landmark agreement with the Swiss Army to co-develop advanced cybersecurity and space-based capabilities.
**Blockchain Ecosystem: SEALCOIN and WISe.ART**
WISeKey’s blockchain-based ecosystem, including SEALCOIN and WISe.ART, has made significant progress toward deploying decentralized digital identity solutions and trusted blockchain NFTs.
- SEALCOIN, WISeKey’s transactional IoT platform, is working to identify partners to perform other Proof of Concept demonstrations and further demonstrate its readiness for industrialization.
- WISe.ART, WISeKey’s blockchain-based ecosystem for digital art and NFTs, integrated Web 3.0 technologies to ensure secure authentication and tokenization.
**Conference Call and Webcast**
WISeKey will host a conference call to review its results on Tuesday, April 22, 2025, at 10:00 am ET (4:00 pm CET).
| Dial-In Number | Description |
|---|---|
| 877-445-9755 | Toll-Free Dial-In Number |
| 201-493-6744 | International Dial-In Number |
**Investor Relations and Press Contacts**
For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com. Investors can also contact WISeKey’s Investor Relations Representative at lcati@equityny.com or +1 212 836-9611. Press inquiries can be directed to WISeKey’s Press and Investor Relations department at pr@wisekey.com.
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