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WISeKey International Holding received an extension for its FY 2023 Annual Report publication due to the complexity of financial statements resulting from a partial spin-off in 2023. The unaudited financial metrics for FY 2023 include a $31 million revenue increase (30% growth), $15 million gross profit (48% profit margin), and a $15 million net loss improvement from the previous year. The balance sheet total stood at $48 million with a $13 million cash position.
WISeSAT.Space, a subsidiary of WISeKey, a global leader in cybersecurity, Blockchain, and IoT platforms, has announced a strategic partnership with the Swiss Armed Forces in the space sector for 2024 and beyond. The partnership includes plans to launch an enhanced WISeSat satellite in Q3 2024 using SpaceX. The satellite will be equipped with SEALSQ semiconductor technology and WISeKey cryptographic keys to secure the new FOSSASAT-2E satellite. WISeSAT.Space is focused on providing secure IoT connectivity as a service, offering a comprehensive SaaS solution for low-power, secure space-based IoT connectivity. The partnership aims to advance the findings of a 2023 study on space technologies and explore the feasibility of utilizing space segments for electronic reconnaissance purposes. The partnership is part of the private/public cooperation applied to the space sector, aligning with the Swiss Armed Forces' strategy for defense.
