Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
October 17 2023 - 3:15PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the
Securities Exchange Act of 1934
Date of report: October 17, 2023
Commission File Number: 001-39115
WISEKEY INTERNATIONAL HOLDING AG
(Exact Name of Registrant as Specified in Charter)
WISEKEY INTERNATIONAL HOLDING LTD
(Translation of Registrant’s name into
English)
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Canton of Zug, Switzerland
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General-Guisan-Strasse 6
CH-6300 Zug, Switzerland |
Not Applicable |
(State or other jurisdiction of incorporation or organization)
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(Address of principal executive office) |
(I.R.S. Employer Identification No.) |
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
☒ Form
20-F ☐
Form 40-F
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: October 17, 2023
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wisekey international holding ag |
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By: |
/s/ Carlos Moreira |
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Name: |
Carlos Moreira |
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Title: |
Chief Executive Officer |
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By: |
/s/ Peter Ward |
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Name: |
Peter Ward |
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Title: |
Chief Financial Officer |
3
Exhibit 1.1
WISeKey
Announces Nine Month 2023 Unaudited Revenue of $22.6 Million; Reports a 21% Increase from the Nine Month 2022 Period
WISeKey
Charts Path for Revenue Expansion Beyond Cybersecurity and Semiconductors.
ZUG, Switzerland –
October 17 , 2023 – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules– WISeKey International
Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leader in cybersecurity, digital identity, and Internet of Things (IoT)
solutions operating as a holding company, today announced nine month 2023 unaudited revenue of $22.6 million,
for the period ended September 30, 2023, a 21% increase from the nine month period ended September 30, 2022. The company also ended the
period with a strong cash position of $17 million.
"We continue to achieve
robust revenue performance in an ever-evolving market," stated Carlos Moreira, CEO of WISeKey. "In just the first three quarters
of the year, we have hit record-breaking revenue, boasting double-digit growth in both, our cybersecurity and semiconductor divisions.
As we witness a scaling acceleration in pivotal technologies such as post-quantum computing, cloud infrastructure, AI, and security protocols,
WISeKey's deep-rooted expertise in networking, complemented by the extensive scope of our portfolio, primes us for future opportunities
and successes."
Peter Ward, CFO of WISeKey,
highlighted the company's financial health, noting, "Through disciplined operations and strategic execution, in the first nine months
of 2023, we have seen significant revenue growth alongside margin improvement and solid cash flow generation. We are set to achieve our
anticipated full year 2023 revenue increase of over 20% as compared to full year 2022." This optimistic outlook, backed by tangible
fiscal metrics, underscores the company's resilience and the successful execution of its strategic business plan while navigating a complex
business environment.
WISeKey has strategically
positioned itself by focusing on the rapidly evolving technology sectors through its three verticals While the group's main revenue stream
presently flows from its cybersecurity and semiconductor operations, particularly through SEALSQ Corp (NASDAQ: LAES) (“SEALSQ”),
significant developments indicate emerging financial potential within its other ventures.
| · | SEALSQ leads the pack as the primary revenue generator for WISeKey, cementing its status with a recent Nasdaq listing and a significant
private placement boost aimed at enhancing quantum-ready semiconductor production and deployment of several new next generation products,
which are expected to generate additional revenue growth in 2024/25. This pivotal move is designed to meet the surging demand for advanced
IoT products and tackle the impending challenges posed by quantum computing, a market poised for exponential growth. |
Parallel to this, WISeKey's
nascent ventures, WISeSat.Space and WISe.ART, though still generating low revenue, are fast-tracking their market presence.
| · | WISeSat.Space is making considerable strides in satellite technology, with 17 WISeSat-ready satellites in orbit and strategic agreements
with entities like the Fossa System, Swiss Army, PLD Space, and Smart Containers. These agreements not only underscore the subsidiary's
innovative approach to satellite communication, but forecast new revenue potential beginning next year. By tapping into high-demand sectors
like IoT, telecommunications, and navigation systems, WISeSat.Space is set to revolutionize data utility across various industries. |
| · | In the digital art space, WISe.ART is capturing the boom in the Digital Art and Token space. . A recent investment nod from Hedera
has placed WISe.ART on the fast track to becoming a formidable player in the secure digital transaction realm. This venture represents
more than a diversification strategy; it's a forward-thinking move to seize a significant share of the thriving Digital Art marketplace,
offering secure creation, sale, and exchange platforms for artists, collectors, and investors. |
WISeKey's strategic investments
and partnerships across its subsidiaries highlight its commitment to innovation and growth. By maintaining a stronghold in cybersecurity
and semiconductors with SEALSQ, while nurturing the latent potential of WISeSat.Space and WISe.ART, WISeKey is not just anticipating the
future; it's actively building it. The company's multifaceted approach balances immediate revenue pursuits with investments in future-centric
technologies, setting the stage for a robust financial trajectory in the coming years.
About WISeKey
WISeKey International Holding Ltd (“WISeKey”,
SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based
holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries
include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA
which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat.Space
AG which focuses on space technology for secure satellite communication, specifically for IoT applications, and (iv) WISe.ART AG which
focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.
Each subsidiary contributes to WISeKey’s
mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate
into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI,
and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the
Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment
failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification
for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people.
For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.
Press
and investor contacts:
WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com |
WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@equityny.com |
Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and
its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results,
financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this
communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information,
future events or otherwise.
This press release does not constitute an
offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning
of the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor legislation or advertising within the meaning
of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing
contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.
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