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Key Figures

We have worked hard to navigate the uncertain and rapidly changing environment, and we are pleased to report that WISeKey has remained financially strong during 2024.

During the year, we continued to make progress on our strategic initiatives and invest in our future growth. It is likely that technology foundations of WISeKey will continue to advance and play a significant role in many aspects of daily life in 2025.

We ended the year with a very strong balance sheet, strategic technological milestones, and a clear roadmap to take advantage of new opportunities ahead.

$90.6M Cash at 31/12/2024
$4.3M Gross profit
36% Gross profit margin

2024 Key Financial and Operational Highlights:

  • $90.6 million cash balance allowing WISeKey to pursue M&A interests and strengthen its sales team, while maintaining its strong R&D investments to offer technologically up-to-date solutions.
  • First engineering samples of our new quantum resistant secure microcontroller delivered in Q4 2024, in line with our semiconductors’ R&D plan initiated in 2022 and on target to ensure that our QVault-TPM, our next generation of secure microcontrollers built by SEALSQ on our new Secure RISC-V CPU, is available to the market in Q4 2025.
  • In our semiconductors vertical, SEALSQ, 39 new “Design-IN’s” across all product lines and over 60 Qualified leads in relation to our Trusted Platform Module (TPM), QVault-TPM, expected to be released in 2025.
  • Signed a landmark agreement with the Swiss Army to co-develop advanced cybersecurity and space-based capabilities. The first new generation WISeSat satellite under this initiative was launched in January 2025.
  • Incorporated SEALCOIN AG, serving as a secure utility token within our ecosystem, designed to facilitate authenticated, tamper-proof machine-to-machine and transactional IoT (TIoT) operations.
  • $11.9 million revenue, an expected decrease as a result of a transitional year with semiconductors customers gradually shifting to our next-generation quantum-resistant solutions and delayed building inventory until the release alongside the impact of the excess inventory accumulation by customers in 2023.
  • $7 million investments in R&D, this investment is essential to develop our post-quantum chip and next-generation product range and support our growth in future years.
  • $115 million pipeline of secured and pending business opportunities over the period from 2026 to 2028 as of April 15, 2025.

2025 Key Growth Areas

WISeKey anticipates strong growth in 2025, propelled by SEALSQ’s quantum-resistant technology developments and expanding IoT security demand.  This growth is expected to be driven by the integration of chip revenue from new sources, an expansion in chip personalization services, additional revenue generated by WISeSat, and the consolidated revenue from our planned investments.

WISeKey has therefore taken several initiatives to develop new revenue streams and strengthen net results. These initiatives include:

  • Quantix Edges: Semiconductor Personalization & Design Center in Spain WISeKey and SEALSQ jointly, together with OdinS and TProtege, two Spanish companies with extensive experience in R&D&I (Research & Development & Innovation) worldwide and in the design and manufacturing of IoT devices and solutions, plan to establish in the Region of Murcia a “Center of Excellence in Cybersecurity and Microchips” under the financial umbrella of the Microelectronics and Semiconductors Plan (PERTE CHIP) initiated by Spain.  The project called Quantix Edges is in the final stages of the approval process by SETT, the Spanish government’s entity responsible for funding under the PERTE budgets.
  • Consolidated revenue from acquisition opportunities The potential IC’ALPS acquisition, if completed, would bolster SEALSQ’s Application-Specific Integrated Circuit (ASIC) development, and further strengthen WISeKey’s portfolio of products.
  • WISeSat’s new generation satellites Six more launches are planned during 2025 and 2026 with the next one currently scheduled for June 2025.
  • SEALCOIN’s TIoT commercial launch Following on from the successful Proof of Concept carried out in Q1 2025, SEALCOIN is working to identify partners to perform other PoCs and further demonstrate its readiness for industrialization of its TIoT solution.
  • Quantum as a Service In 2025, WISeKey advanced its commitment to quantum computing by investing in ColibriTD, a pioneering quantum technology company, aiming to integrate ColibriTD’s Quantum-as-a-Service (QaaS) platform into its Quantum Roadmap.
  • Scaled Up Global Footprint WISeKey continues to strategically expand its global presence, secure key partnerships with renowned distributors and sales representatives in crucial markets. These alliances have strengthened WISeKey’s market position while fueling growth by leveraging each partner’s expertise and established networks.