WISeKey Releases 2024 Audited Financial Results and
From GlobeNewswire: 2025-04-17 17:25:00
WISeKey released its 2024 audited financial results and outlined its 2025 vision for post-quantum technology convergence. The company saw a $90.6 million cash balance, $11.9 million in revenue for 2024, and $7.0 million invested in R&D. WISeKey’s strategic vision for 2025 focuses on bringing together semiconductors, satellites, blockchain, and digital identity to create unified ecosystems.
Looking ahead to 2025, WISeKey has a strong financial foundation with over $90 million in cash and a pipeline of secured and pending business opportunities exceeding $115 million. The company anticipates strong growth driven by SEALSQ’s quantum-resistant technology developments and expanding IoT security demand. WISeKey plans to launch new Quantum-Resistant chips by Q4 2025 and establish new revenue streams through initiatives like the Quantix Edges project and potential acquisitions like IC’ALPS.
WISeKey also announced plans for six more WISeSat satellite launches in 2025 and 2026, with the next launch scheduled for June 2025. The company aims to continue its focus on post-quantum cybersecurity, next-generation semiconductors, satellite infrastructure, and blockchain-based ecosystems to drive growth in 2025 and beyond. SEALCOIN is gearing up for the commercial launch of its TIoT solution after a successful Proof of Concept in Q1 2025. WISeKey invests in ColibriTD to integrate its Quantum-as-a-Service platform into its Quantum Roadmap. The company continues to expand its global footprint through key partnerships and strategic alliances.
SEALSQ focuses on post-quantum cryptography and IoT security, developing quantum-resistant technologies like post-quantum chips for various applications. The company is also working on acquisitions, investments, and joint ventures, as well as R&D in post-quantum security. WISeSat advances its secure space capabilities with the deployment of picosatellites for IoT connectivity in remote areas.
WISeSat.Space strengthens its partnership with the Swiss Armed Forces and plans to deploy 88 next-generation satellites for enhanced IoT connectivity. The company pioneers secure blockchain and cryptocurrency transactions from space, marking a new era for digital economies. SEALCOIN and WISe.ART make strides in deploying decentralized digital identity solutions and blockchain-based ecosystems for digital art and NFTs.
WISeKey’s WISeID platform introduces biometric authentication and post-quantum cryptographic protocols, enhancing digital identity security. The company also announces the development of SEALPhone, an ultra-secure smartphone designed with privacy in mind. WISeKey’s SEALPhone in testing with clients combines WISeID and SEALCOIN for secure communication, identity protection, and digital asset storage. The 2024 annual report on Form 20-F was filed with the SEC on April 17, 2025. A conference call to review results will be held on April 22, 2025, at 10:00 am ET. Financial data shows operating loss and comprehensive income/loss. subsidiaries like SEALSQ Corp and WISeSat AG focus on different tech aspects. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. WISeKey’s Root of Trust ensures secure online transactions. For more info, visit www.wisekey.com. Forward-looking statements in communications involve risks and uncertainties. Factors affecting results include market demand, growth in post-quantum cryptography, and expansion into new markets. This press release is not an offer to sell securities. Contact WISeKey for more information.
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