WISeKey Announces FY 2022 Preliminary Revenues of $25.6 Million, a 15% Increase from FY 2021, Despite the Divestiture of arago
January 13 2023 - 12:00AM
WISeKey Announces FY 2022 Preliminary Revenues of $25.6 Million, a
15% Increase from FY 2021, Despite the Divestiture of arago
WISeKey
Announces FY 2022
Preliminary Revenues of
$25.6 Million, a 15% Increase
from FY 2021,
Despite the
Divestiture of
arago
Semiconductor
FY 2022 revenues
increased to $23.2
million, or 38%
as compared to FY 2021
WISeKey’s strong backlog
of $36
million for
IoT products stretches into
2024
Geneva, Switzerland, January 13,
2023 – Ad-Hoc
announcement pursuant to Art. 53 of SIX Listing
Rules– WISeKey International Holding Ltd (NASDAQ:
WKEY / SIX: WIHN) (“WISeKey” or the “Company”), a leading Swiss
cybersecurity, AI and IoT company announced today its preliminary
unaudited revenues for the year ended December 31, 2022.
Consolidated revenues for FY 2022 were $25.6 million, increasing by
15% as compared to $22.3 million reported for FY 2021. The
increase was achieved despite the divestiture of arago and it was
mainly due to higher revenues from our semiconductors segment,
which reported revenues of $23.2 million for the year.
Carlos Moreira, WISeKey’s Founder and CEO noted,
“Since the beginning of 2021, demand for our IoT semiconductor
products has been unprecedented and has reached a point that we are
now sitting on a solid backlog of purchase orders totaling $36
million. While supply chain shortages in the semiconductor sector
are not expected to continue in this coming year, we are well
positioned to continue our growth due to our healthy backlog and
growing pipeline of new opportunities which is now over $100
million.”
Mr. Moreira continued, “Our strong backlog has
given us a great building block that allows our sales team to focus
on new opportunities to expand our customer base and geographic
footprint. As a result, we expect to see a significant increase in
the number of customers served by WISeKey in this sector by 2023 /
2024.”
About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN)
is a leading global cybersecurity company currently deploying large
scale digital identity ecosystems for people and objects using
Blockchain, AI and IoT respecting the Human as the Fulcrum of the
Internet. WISeKey Microprocessors Secures the pervasive computing
shaping today’s Internet of Everything. WISeKey IoT has an install
base of over 1.6 billion microchips in virtually all IoT sectors
(connected cars, smart cities, drones, agricultural sensors,
anti-counterfeiting, smart lighting, servers, computers, mobile
phones, crypto tokens etc.). WISeKey is uniquely positioned to be
at the edge of IoT as our semiconductors produce a huge amount of
Big Data that, when analyzed with Artificial Intelligence (AI), can
help industrial applications to predict the failure of their
equipment before it happens.
Our technology is Trusted by the OISTE/WISeKey’s
Swiss based cryptographic Root of Trust (“RoT”) provides secure
authentication and identification, in both physical and virtual
environments, for the Internet of Things, Blockchain and Artificial
Intelligence. The WISeKey RoT serves as a common trust anchor to
ensure the integrity of online transactions among objects and
between objects and people. For more information,
visit www.wisekey.com.
Press contacts:
WISeKey
International Holding Ltd Company Contact: Carlos
MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com |
WISeKey
Investor Relations (US) Contact: Lena CatiThe Equity
Group Inc.Tel: +1 212 836-9611lcati@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 article 652a or article
1156 of the Swiss Code of Obligations or a listing prospectus
within the meaning of the listing rules of the SIX Swiss Exchange.
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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