Thu Sep 26 14:05:00 UTC 2024: ## SEALSQ Reports Mixed H1 2024 Results, Eyes Growth in 2025 with Post-Quantum Tech

**Geneva, Switzerland – September 26, 2024** – SEALSQ Corp (NASDAQ: LAES), a leader in post-quantum technology hardware and software solutions, today announced its financial results for the first half of 2024. While revenue was impacted by a slowdown in traditional semiconductor demand, the company highlighted significant progress in its strategic initiatives, setting the stage for substantial growth in 2025.

Revenue for H1 2024 reached $4.8 million, reflecting the anticipated market slowdown. However, the company continues to invest heavily in research and development (R&D), spending $2.4 million to develop its next-generation post-quantum chips. SEALSQ’s robust pipeline of current and new business opportunities stands at $71 million, driven by the upcoming release of its post-quantum semiconductors in 2025.

“This period has been transitional as customers await our next-generation post-quantum chips,” said Carlos Moreira, Founder and CEO of SEALSQ. “Despite the challenges, we are confident in our unique position with our integrated post-quantum cryptography solutions. Our expertise and the strong foundation provided by WISeKey position us to lead the industry in addressing the imminent threat of Q-Day.”

Key highlights from the earnings call include:

* **Strategic Partnerships & Expansion:** SEALSQ expanded its U.S. sales team, established cybersecurity chip design centers, and forged new global partnerships. The company is also negotiating with the Spanish government to establish a Semiconductor Design and Personalization Center in Murcia, and is pursuing additional centers in the Middle East and Far East.
* **New Products & Technologies:** SEALSQ is on track to launch its Quantum-Resistant Secure Chips, including the QS7001 and QVault TPM, by Q4 2024. These chips will be crucial in preparing for Q-Day, when quantum computing becomes capable of breaking traditional cryptographic keys.
* **Growth Strategies:** SEALSQ identified four key growth areas: VaultIC chip sales, PKI and Root of Trust (RoT) services, quantum-resistant semiconductor sales, and opportunities for ASICs and custom solutions. Additionally, the upcoming launch of SEALCOIN, a token integrated with SEALSQ semiconductors, is expected to drive significant revenue growth in 2025.

While SEALSQ acknowledges the current challenges in securing immediate revenue growth due to the infancy of post-quantum technology, the company remains confident in its future prospects. With its innovative solutions and strategic initiatives, SEALSQ is poised to become a leading player in the rapidly evolving field of post-quantum cybersecurity.

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