Wisekey Internat Stock Price, News & Analysis

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.

WISeKey International Holding Ltd (NASDAQ: WKEY) has announced the creation of an NFT for Picasso's cubist art piece, "The Magic Violin." The NFT will be provided as a phygital package, which includes the original artwork and a holographic version displayed in two museums simultaneously. The initiative aims to enhance the NFT marketplace capabilities of WISe.ART 2.1, ensuring secure transactions between art collectors and artists. The platform utilizes patented technology to establish proof of ownership and monetize artworks effectively.

WISeKey announced its preliminary results for H1 2022, reporting revenues of $13 million, a rise of over 25% compared to H1 2021. Notably, semiconductor revenue surged 48% to $10.7 million. For FY 2022, the company anticipates total revenue between $21 million and $23 million, bolstered by current purchase orders worth $38.5 million and a $75 million opportunity pipeline. The firm also divested arago GmbH to refocus on its core IoT and cybersecurity business. Cash reserves stand at $23 million, enhancing its ability to invest in R&D and IoT markets.

WISeKey International Holding Ltd. (WKEY) has completed its Class B share buyback program initiated on July 9, 2019. The company repurchased a total of 1,074,305 shares for CHF 1,471,609 at an average price of CHF 1.37 per share. The buyback aimed to support potential M&A transactions, employee share incentives, convertible loans, and available equity lines. The total allowed repurchase was 3,682,848 shares. This program reflects WISeKey's strategy to enhance shareholder value while ensuring financial flexibility.

WISeKey International Holding has been selected by NIST to collaborate on the NCCoE Trusted IoT Device Network-Layer Onboarding project. This initiative aims to define best practices for IoT device onboarding, enhancing secure credential management.

WISeKey's contributions will include Trust Services for credentials and secure semiconductors, crucial for maintaining IoT device security. Other collaborators include industry giants like Cisco and Hewlett Packard Enterprise. The partnership underscores WISeKey’s commitment to advancing IoT security.

WISeKey International Holding has expanded its partnership with the China Museum of Finance to launch the MetaFi Museum, a digital and physical exhibition space. The inaugural event will auction the Jiaozi NFT, representing the world’s first government-issued paper currency from China, crafted by artist Pedro Sandoval. This collaboration aims to enhance cross-border communication in finance and promote digital identity solutions using blockchain technology. WISeKey emphasizes secure NFT trading and environmental sustainability in its operations.

WISeKey announced the addition of new NFT collections from various artists to its WISe.ART platform. The upgraded marketplace will feature cross-blockchain support, enhancing interoperability with Ethereum, Polygon, and CasperLabs. The platform is built on WISeKey's advanced security technologies, ensuring the safe authentication of digital identity NFTs. The new artist collection aims to redefine content creation economics, showcasing talents like David Fludd and Gianni Rodenhauser. WISe.ART plans to expand its offerings, including digital currency and customizable NFT designs.

WISeKey International Holding has announced the divestiture of its 51% stake in arago GmbH to OGARA GmbH, a German consortium led by arago's founder. This transfer, part of a previously signed agreement, transfers full operational control to OGARA while allowing WISeKey to focus on its core business. The purchase price is expected to be received in Q3 2022. This strategic move aims to enhance their collaboration in AI and IoT growth.

WISeKey shareholders approved all agenda items during the 2022 Annual General Meeting on June 24, 2022. Key decisions included the re-election of Carlos Moreira as Chairman and the addition of new board members, María Pía Aqueveque Jabbaz and Cristina Dolan. The meeting also saw the approval of financial reports and the compensation report for 2021. Shareholders authorized increases in both the share capital and conditional share capital. The company will release its 2022 Interim Report by September 30, 2022, focusing on cybersecurity and IoT solutions.