WISeKey Shares Key Discussion Points From Its FY 2023 Results Conference Call

WISeKey Shares Key Discussion Points From Its FY 2023 Results Conference Call

Geneva, Switzerland – May 21, 2024: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, operating as a holding company, shares key discussion points from its FY 2023 Results Conference Call held on May 21, 2024.

The call covered FY 2023 financial and operational results, as well as significant projects and strategic initiatives that WISeKey is executing to drive innovation and growth in 2024 and beyond, including steps taken towards transitioning into a recurring revenue business while maintaining operational efficiency and technological advancement.

Investors can access the archived webcast of the call at https://www.wisekey.com/wisekey-events/.

Holding Company Structure

WISeKey operates as a holding company of several distinctive operational companies, each covering a full spectrum of WISeKey-related technologies. This structure, established in 2022, is comprised of the following subsidiaries:

• SEALSQ Corp: Formerly known as WISeKey Semiconductors, SEALSQ is a leader in semiconductor, PKI, and Post-Quantum technology development, and was listed on the Nasdaq in 2023 under the symbol LAES.
• WISeKey SA: Focuses on the Root of Trust and PKI segment.
• WISeSat.Space: Specializes in space technology using Picosatellites.
• WISe.ART: Dedicated to the Trusted Blockchain NFT segment.

Each subsidiary contributes meaningfully to the overall mission of WISeKey, operating independently with a specific focus on their particular area of R&D and expertise, while integrating their respective technologies into the WISeKey platform. This structure allows WISeKey to focus resources on the most promising opportunities and diversify revenue sources.

Financial Highlights for FY 2023, as compared to FY 2022:

• Revenue growth: A 30% increase in revenue to $31 million.
• Gross profit: A $5 million improvement to $15 million, with a profit margin of 48%.
• R&D investments: Continued investments in developing the post-quantum chip and exploring new revenue streams.
• Robust balance sheet: Total assets of $48 million and a healthy cash position of $15 million at year-end 2023.

These results underscore the strength of WISeKey's business strategy and investments in the past year, as well as continued progress in growth initiatives.