Wisekey Internat Stock Price, News & Analysis

WISeKey announced H1 2022 results with total revenue reaching $12.6 million, a notable increase of over 27% from H1 2021. The net income attributable to WISeKey stood at $2.4 million. Key growth drivers included a 48% revenue increase in semiconductors, totaling $10.7 million. The company reported a record backlog of $39 million in IoT semiconductor products. Cash reserves at the end of H1 2022 amounted to $23 million, enabling strategic investments despite component delivery slowdowns.

WISeKey International Holding Ltd (NASDAQ: WKEY) announced advancements in its Post-Quantum strategy aimed at enhancing cybersecurity through new Trust Services. These services utilize post-quantum encryption (PQE) for secure communications, leveraging hybrid signatures for backward compatibility. Aiming to support IoT projects, WISeKey plans to introduce its first Root of Trust using PQE algorithms later this year. Collaborations with NIST and French cybersecurity initiatives bolster their efforts against quantum threats, emphasizing a commitment to robust cybersecurity frameworks.

The press release details the beaching of the experimental ship Porrima off Mumbai due to severe weather, leading to a successful rescue of the crew by the Indian Coast Guard. Salvaging operations began on August 24, and there are plans for a refit in Singapore, with aspirations to participate in the FIFA World Cup in November 2022 and the Osaka World Expo in April 2025. Porrima aims to pioneer zero-emission maritime transport technologies, and in 2023, the company will launch a Blue Campus for education in sustainable ship design.

WISeKey International Holding Ltd. (NASDAQ: WKEY) recently held the Starlite Gala dinner auction in Marbella, raising a total of USD 500,000 through the sale of limited edition NFTs and physical artworks. The sales included pieces by renowned artist Pedro Sandoval, with notable NFT sales of "La Madonna el niño y el mini yoda" for USD 100,000 and "El Hijo de Matias" for USD 60,000. Proceeds support the Starlite Foundation and the Lágrimas y Favores Foundation, founded by actor Antonio Banderas.

WISeKey International Holding Ltd (NASDAQ: WKEY) announces the auction of an NFT featuring actor Antonio Banderas at the Starlite Porcelanosa Gala on August 14, 2022, in Marbella, Spain. The NFT, created by artist Pedro Sandoval, aims to raise funds for the Starlite Foundation and the Lágrimas y Favores Foundation. The event will be broadcast live in Times Square, NYC. Proceeds will support charitable projects, with the gala having raised over 3 million euros over 12 years. This initiative emphasizes WISeKey's position in the NFT market and commitment to social causes.

WISeKey International Holding Ltd (NASDAQ: WKEY; SIX: WIHN) has made significant advancements in implementing post-quantum algorithms for its Secure Semiconductors MS6001/MS6003. Collaborating with MINES Saint-Etienne, WISeKey aims to develop cryptographic solutions resistant to quantum computing threats. The team is evaluating NIST's candidates, Crystals-Kyber and Crystals-Dilithium, augmenting existing algorithms like NTRU and ROLLO. By 2025, the company plans to offer a complete post-quantum cryptography toolbox, enhancing its PKI solutions and securing IoT devices against future cyber threats.

WISeKey International Holding has advanced its technology portfolio in cybersecurity, IoT, NFT, and the Metaverse as of August 4, 2022. The firm introduced the WISe.ART platform, enabling secure NFTs and attracting nearly 100 artists with a potential sales value of $20 million. Additionally, WISeSat offers secure satellite IoT connectivity, further expanding the IoT constellation. The new NanoSealRT semiconductor chip enhances product traceability. WISeKey also focuses on post-quantum solutions, and has joined the NCCoE project for trusted IoT onboarding.

WISeKey International Holding has appointed Nicolas Ramseier to its Advisory Committee to enhance market penetration for the WISe.ART NFT platform and other FinTech initiatives. Ramseier, with a strong background in banking and sustainability, will leverage his expertise in smart contracts and blockchain technology to guide the company’s efforts. His extensive network and technical knowledge are expected to drive growth in these sectors, solidifying WISeKey's position in the evolving landscape of cybersecurity, IoT, and decentralized finance.

WISeKey International Holding has launched the WISe.ART Metaverse NFT Factory, a unique platform for creating and trading NFTs. This initiative aims to assist entrepreneurs, artists, and investors in developing NFT strategies, leveraging WISeKey's blockchain capabilities. The factory offers smart contracts to enhance monetization opportunities for creators and ensure high-quality NFTs via a skilled marketing team. Additionally, WISeID provides secure identity services, supporting robust authentication methods for accessing the platform.