WISeKey International Holding Ltd Reports Strong Fiscal Year 2023 Financial Results and Provides Updates on Its Strategic Initiatives [Yahoo! Finance]
WISeKey International Holding AG - American Depositary Shares (WKEY)
Company Research
Source: Yahoo! Finance
of SIX Listing Rules – WISeKey International Holding Ltd (“WISeKey”) (NASDAQ: WKEY; SIX: WIHN), a leading global cybersecurity, Semiconductors and Web 3.0 company, today announced its audited financial results for the full year ended December 31, 2023 (“FY 2023”). FY 2023 Key Financial Highlights: Revenue of $31 million represents a significant increase of 30% compared to the $24 million reported in FY 2022. This significant growth reflects the Company's successful expansion in its key markets and the underlying demand for its advanced cybersecurity solutions. Gross profit of $15 million with a profit margin of 48%, shows an improvement of $5 million from the $10 million reported in FY 2022. This growth is directly attributable to higher revenue and enhanced operational efficiencies. Net loss of $15 million, a substantial improvement compared to the $29 million net loss reported in the prior year. This positive change is primarily due to the disposal of the loss-making subsidi
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- WISeKey Announces Creation QUANTIX EDGE SECURITY Joint Venture with SEALSQ, ODIN Solutions, and TProtegeGlobeNewswire
- WISeKey Announces Retirement of Peter Ward as Chief Financial Officer; Appoints John O'Hara as its New Chief Financial Officer [Yahoo! Finance]Yahoo! Finance