Wisekey Internat Stock Price, News & Analysis

WISeKey Holding Ltd. has reported key business milestones for 2021, including a projected revenue of $20 million, a 32% year-over-year increase, despite COVID-related supply issues. The company aims to leverage a cash position of $33 million for strategic investments and growth in the IoT and AI sectors. Notably, WISeKey has secured a $33.4 million backlog in IoT orders and has acquired arago to enhance its AI capabilities. The launch of its NFT platform, WISe.Art, positions the company for future revenue growth. Additionally, a share buyback program has been reactivated to enhance stockholder value.

WISeKey supports the EU's new Data and Cloud Alliance, promoting digital sovereignty to reduce reliance on foreign tech. The company operates the WISeID Cloud Storage service in Switzerland and the EU, enhancing security for confidential data. This initiative aligns with the EU's strategy to establish a native cloud ecosystem amid increasing competition from US providers. WISeKey leverages its digital identity technologies to offer users secure access to online services, responding to the growing demand for cloud solutions heightened by the COVID-19 pandemic.

WISeKey, in collaboration with FOSSA Systems, has successfully installed the first WISeSATS satellite ground station in La Línea de la Concepción, marking a significant step in the development of the LLG 4IR Center of Excellence. This autonomous station will facilitate the control and communication of IoT satellites, enhancing technological capabilities and contributing to regional digital transformation. The installation supports the deployment of the WISeSat constellation, aimed at providing secure IoT connectivity globally.

WISeKey has expanded its WISe.ART NFT Marketplace by introducing new artists, enhancing its digital art collection. With support from Ethereum, Polygon, and CasperLabs, the platform aims to ensure interoperability and minimize gas fees for users. WISe.ART is developing a fully-fledged marketplace, complete with its own digital currency and capabilities for curators. The platform incorporates patented technology for persistent and authenticatable NFTs, which includes smart contracts for ownership and royalties. This initiative supports artists and positions WISeKey at the forefront of the Web3.0 revolution.

WISeKey International Holding Ltd (NASDAQ: WKEY) announced key business developments during its Investor Day on December 13, 2021. In a letter to shareholders, CEO Carlos Moreira highlighted a 34% revenue increase for the first nine months of 2021, totaling $15.4 million, exceeding 2020's total. Anticipating full-year revenues of approximately $20 million, demand remains strong despite semiconductor supply issues. WISeKey emphasizes its focus on IoT, AI, and NFT sectors, foreseeing significant growth potential with a backlog of $33.4 million in orders and new revenue streams expected in 2022.

WISeKey International Holding Ltd and CasperLabs will showcase advancements in blockchain identity and the WISe.ART NFT Marketplace during WISeKey's Investor Day on December 13 at the NASDAQ Market Site in NYC.

This collaboration aims to enhance security in the NFT marketplace through the Casper Network. The event will also introduce a Trust Protocol featuring digital twins for artworks and collectibles. The hybrid format allows for both in-person and virtual attendance.

WISeKey International Holding Ltd announced that its CEO, Carlos Moreira, will present at the Imperial Capital Security Investor Conference on December 15, 2021, at 10:30 am ET.

The presentation will highlight the company's innovative NFT blockchain technology and the WISe.ART Marketplace, which gained recognition during Art Basel Miami. The marketplace aims to auction historical art, luxury items, and more, linking digital assets to their physical counterparts while offering proof of ownership and monetization opportunities.

WISeKey unveiled its WISe.ART Marketplace at the International Art Week during Art Basel Miami, showcasing NFTs and luxury items like historical documents and sports cards. The marketplace offers verifiable NFTs linking digital assets with their physical counterparts, enhancing authenticity and ownership proof. Key developments include a new NFT patent application, a secure operational platform, and collaborations with Polygon for trusted NFT solutions. The platform emphasizes KYC processes and plans to launch TrusteCoin in Q1 2021, further integrating the art and luxury goods market with DeFi opportunities.