Press release
SEALSQ Announces FY 2024 Audited Financial Results and Strategic Growth Plan for 2025
Geneva, Switzerland, March 20, 2025 (GLOBE NEWSWIRE) -- Schedules Conference Call and Webcast for Monday, March 24 at 10:00 am ET (3:00 pm CET) Ends the year
About this update from Sealsq Corp
[{"type":"text","content":"Geneva, Switzerland, March 20, 2025 (GLOBE NEWSWIRE) -- Schedules Conference Call and Webcast for Monday, March 24 at 10:00 am ET (3:00 pm CET) Ends the year with a strong cash position of approximately $85 million FY 2024 $11 million revenue reflects the industry-wide transition from traditional semiconductors to next-generation Quantum Resistant chipsExpects a return to growth in FY 2025 Continues R&D investments with $7.2 million allocated in 2025, up from $5 million in 2024Confirmed bookings of $6.8 million as of March 20, 2025, reflecting strong YoY growth$93 million in projected contract pipeline over next three years from 2026 to 2028Executing a multi-faceted organic growth, investment and acquisition strategy SEALSQ Corp (NASDAQ: LAES) (\"SEALSQ\" or \"Company\"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced its full year results for the period ending December 31, 2024 (FY 2024). CEO’S STATEMENT AND VISION FOR 2025 Carlos Moreira, CEO of SEALSQ noted, “2024 was a transformational year for SEALSQ as we scaled post-quantum security technologies, started the process to execute strategic acquisitions, raised over $80 million in funding, and expanded into high-growth markets. With a strong cash position, no bank debt or convertible loans, and accelerating demand for our post-quantum and quantum cybersecurity solutions, we are well-positioned to drive sustainable long-term growth and technological leadership in the quantum era.” FY 2025 OUTLOOK Although it is still early in the year to provide a definitive outlook due to major projects under discussion (as discussed below), SEALSQ anticipates a significant revenue increase in 2025 compared to 2024. This growth is expected to be driven by the integration of chip revenue from new sources, an expansion in chip personalization services and the consolidated revenue from our planned investments. We expect the full impact of our growth to arrive in 2026 with the commercial launch of our new products scheduled for Q4 2025. We anticipate that the growth in 2025 and beyond would be fueled by: The increasing demand for Post-Quantum Trusted Platform Modules (TPMs).Successfully securing new large-scale contracts with governments and enterprises adopting post-quantum cryptographic solutions....