Wisekey Internat Stock Price, News & Analysis

WISeKey International Holding Ltd reported preliminary FY 2022 revenues of $25.6 million, representing a 15% increase from FY 2021, despite divesting arago. The semiconductor segment drove this growth, contributing $23.2 million in revenues, up 38% from the previous year. The company has a robust backlog of $36 million for IoT products extending into 2024, with expectations of expanding its customer base significantly by 2023/2024.

WISeKey International Holding Ltd (NASDAQ: WKEY) announces its Davos 2023 event, Surviving the Tech/Crypto Winter, set for January 18, 2023, at the Piano Bar Hotel of Europe, Davos, Switzerland. This marks WISeKey's 18th participation in the World Economic Forum's Global Growth Company community. Key roundtables will discuss topics like IoT security, NFTs, and strategies for navigating economic downturns in technology. The event will feature industry leaders and experts aiming to lay groundwork for future tech advancements.

WISeKey International Holding Ltd., a leading cybersecurity company, released a letter to shareholders detailing business milestones and future strategies. The company anticipates a year-end revenue of over $24.5 million, marking a growth of over 10% compared to 2021, bolstered by strong semiconductor demand. WISeKey's divestiture of arago GmbH reduced cash burn by 40%, enhancing liquidity. The firm expects a 40% growth in the IoT segment for 2023 and has a backlog of $36 million. Emphasis is placed on long-term value despite recent market volatility affecting stock performance.

WISeKey International Holding reaffirms its fiscal 2022 revenue forecast, expecting to exceed $24.5 million, representing over a 10% increase compared to 2021. This growth stems from strong demand for semiconductors despite the divestiture of arago GmbH. The company reports a $36 million backlog for IoT semiconductor products and a $100 million opportunity pipeline. Furthermore, WISeKey anticipates 2023 revenues to grow by at least 40% in the IoT segment, backed by substantial investments in sales capacity.

WISeKey International Holding announced its participation in the Davos 2023 event titled Surviving the Tech/Crypto Winter, scheduled for January 18, 2023. This marks the company’s 18th participation at the World Economic Forum. CEO Carlos Moreira highlighted the importance of the roundtable discussions aimed at addressing challenges in the tech and crypto sectors during economic downturns. Experts will discuss strategies for survival and growth, emphasizing the digital economy's evolution. For registration and further details, visit davos.wisekey.com.

WISeKey, in collaboration with the ONUART Foundation, has launched the One Humanity ID, a new Digital Identity platform. This initiative aims to enhance human interactions and facilitate the trade of NFT art pieces. The platform leverages WISeKey's WISeID technology, ensuring secure online identity management. The project emphasizes support for human rights through its NFT offerings, with proceeds allocated to education in Africa. The platform is accessible at onehumanityworld.ch and represents a significant step in digital identity and blockchain integration.

WISeKey International Holding Ltd (NASDAQ: WKEY) announced the launch of a new series of NFT watches on its WISe.ART marketplace, designed by artist Pedro Sandoval. This Zodiac-themed collection of 12 unique timepieces aims to integrate owners with their WISeID service, enhancing the NFT experience through authenticated digital assets. The updated WISe.ART platform offers enhanced security features, allowing users to connect crypto wallets for seamless transactions. The introduction of NFTs reflects WISeKey's commitment to leveraging blockchain for value preservation in digital assets.

WISeKey International Holding Ltd (NASDAQ: WKEY; SIX: WIHN) announced its participation in the Ladenburg Thalmann Virtual Technology Expo on December 7, 2022, at 1:00 pm ET. CEO Carlos Moreira will present the company's vision, which focuses on merging secure hardware with digital certificates to enhance cybersecurity and IoT solutions. WISeKey aims to invest in the U.S. market and reduce dependence on Asian suppliers. The expo will include presentations from about 50 tech companies and will facilitate 1x1 investor meetings.