The earnings call reflects a company in transition, with significant investments in future growth through its subsidiaries and innovative projects like SEALCOIN. However, the current financial metrics show a substantial decline in revenue and profit margins, indicating a challenging period. Despite the setbacks, WISeKey has positioned itself for future growth with strong cash reserves and strategic partnerships.

Company Guidance

During the WISeKey International Holdings Q2 2024 earnings call, CEO Carlos Moreira provided comprehensive guidance on the company's strategic direction and financial performance. WISeKey reported $5.2 million in revenue for the first half of 2024, with $26.3 million in cash by June 30, and $2.9 million invested in R&D. The company is undergoing a restructuring process to enhance its focus on cybersecurity, blockchain, IoT, and post-quantum semiconductor technologies. Key subsidiaries like SEALSQ, WISeSat.Space, and SEALCOIN AG are pivotal to this strategy, with SEALSQ securing $20 million in funding for post-quantum chip development. WISeSat.Space plans to expand its satellite constellation to 88 by 2027, and SEALCOIN aims to leverage blockchain for secure digital transactions. Despite a transitional year marked by a decline in semiconductor revenue, WISeKey anticipates a return to growth in 2025, driven by its diversified technology portfolio and strategic investments.

Successful Subsidiary Developments

WISeKey has effectively restructured to give autonomy to various subsidiaries, such as SEALSQ, WISeSat.Space, WISe.ART, and SEALCOIN AG, allowing them to secure independent funding and set the stage for potential future IPOs.

SEALSQ Funding and Expansion

SEALSQ secured $20 million in additional funding during H1 2024 to expand production facilities for post-quantum semiconductors, preparing to release the QS7001 Quantum-Resistant Secure Chip.

WISeSat.Space Growth

WISeSat.Space has launched 17 low-orbit satellites with plans to expand to 88 by 2027, with collaboration agreements with FOSSA Systems and SpaceX, and strategic partnerships with entities like the Swiss Army.

Innovative SEALCOIN Project

SEALCOIN AG secured a $50 million token investment commitment, aiming to revolutionize the IoT ecosystem with autonomous transactional services and a projected digital exchange listing by Q3 2025.

Strong Cash Position

WISeKey reported $26.3 million in cash as of June 30, 2024, providing financial stability and supporting strategic initiatives across subsidiaries.

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WISeKey International Holding (WKEY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WKEY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 13, 2018	2018 (Q2)	- / -2.88	-1.8	-60.00% (-1.08)	―	―
Mar 25, 2019	2018 (Q4)	- / -1.62	―	―	―	―
Sep 03, 2019	2019 (Q2)	- / -13.95	-5.091	-174.03% (-8.86)	―	―
Mar 10, 2020	2019 (Q4)	- / -1.18	-81.16	98.55% (+79.98)	―	―
Sep 08, 2020	2020 (Q2)	- / -0.70	-13.951	94.98% (+13.25)	―	―
Apr 30, 2021	2020 (Q4)	-0.35 / -1.46	-1.177	-24.38% (-0.29)	―	―
Sep 28, 2021	2021 (Q2)	-0.35 / -0.22	-0.7	68.14% (+0.48)	―	―
Apr 14, 2022	2021 (Q4)	-0.16 / -0.58	-1.464	60.18% (+0.88)	―	―
Sep 15, 2022	2022 (Q2)	-0.16 / -0.04	-0.223	80.27% (+0.18)	―	―
Apr 28, 2023	2022 (Q4)	-0.07 / -0.06	-0.583	90.22% (+0.53)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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WKEY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 30, 2024	$2.32	$2.28	-1.72%
May 15, 2024	$1.90	$1.83	-3.68%
Sep 29, 2023	$1.81	$1.77	-2.21%
Apr 28, 2023	$4.03	$3.99	-0.99%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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