WISeKey International Holding (WKEY) has released an update.
WISeKey International Holding, a global cybersecurity and IoT company, revealed its H1 2024 financial results, showing resilience with a $5.2 million revenue, $26.3 million cash balance, and strategic R&D investments of $2.9 million in future-centric technologies like post-quantum chips and satellite communications. The company anticipates enhanced performance for the rest of 2024, backed by a $71 million business pipeline, including new semiconductors, satellite-based security solutions, and transactional IoT services. WISeKey’s subsidiaries are also bolstering revenue streams with initiatives in semiconductor production expansion, strategic partnerships, and the launch of the WISe.ART 2.0 platform for secure trading of NFTs.
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