SEALSQ Announces Unaudited First Half 2024 Financial Results and Updates on Strategic Business Initiatives
SEALSQ Corp - Ordinary Shares (LAES)
Company Research
Source: GlobeNewswire
Geneva, Switzerland, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Schedules Conference Call and Webcast for Thursday, September 26 at 9:00 am ET (3:00 pm CET) Strategic initiatives include launch of Quantum-Resistant Secure Chips and partnerships to establish several OSAT Chip Design and Customization Centers.Despite temporary slowdown in H1 2024, SEALSQ expects an improved performance in H2 2024 and return to growth in 2025. Expected growth supported by $2.4 million investments made during H1 2024 in research and development initiatives.With a strong cash position of $18.9 million at June 30, 2024, SEALSQ is well-equipped to weather the current slowdown and continue funding its strategic initiatives.Release of engineering samples of SEALSQ’s QS7001 Quantum-Resistant Secure Chips is expected before the end of 2024.Robust pipeline of current and new business opportunities valued at $71 million as of September 20, 2024 is driven by the launch of the next generation of semiconductors, which
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LAES
News
- SEALSQ Corp (NASDAQ: LAES) had its price target lowered by analysts at Maxim Group from $2.25 to $1.75. They now have a "buy" rating on the stock.MarketBeat
- SEALSQ Research Receives Recognition at CRYPTOLOGY2024 for Post-Quantum WorkGlobeNewswire
- SEALSQ Provides Business Update During Its H1 2024 Earnings CallGlobeNewswire
- SEALSQ Integrates Internet of Payment (IoP) in Next-Generation IoT-Enabled Semiconductors, Revolutionizing Connected CommerceGlobeNewswire
- SEALSQ to Enhance Traditional PKI Offering with Post-Quantum Cryptography and Post-Quantum Semiconductors, Ensuring Future-Proof SecurityGlobeNewswire
LAES
Analyst Actions
- 9/27/24 - Maxim Group
LAES
Sec Filings
- 9/26/24 - Form EFFECT
- 9/25/24 - Form 424B3
- 9/25/24 - Form 6-K
- LAES's page on the SEC website