SEALSQ reported revenue of $4.8M for H1 2024, reflecting a temporary slowdown due to excess inventory and delayed orders as customers await next-generation chips. The company maintained a strong cash position of $18.9M as of June 30, 2024, bolstered by $20M raised through Share Purchase Agreements. During H1, SEALSQ invested $2.4M in R&D initiatives.The company is on track to launch its Quantum-Resistant Secure Chips by Q4 2024, with engineering samples of QS7001 expected to be available for order. SEALSQ is actively pursuing strategic partnerships for custom quantum-resistant chips and establishing Semiconductor Design Centers globally, including negotiations with the Spanish government and plans for US OSAT facility development.Looking ahead, SEALSQ anticipates improved performance in H2 2024 and a return to growth in 2025, supported by a robust pipeline of opportunities valued at $71M. Growth drivers include Matter certification expansion, global IoT security standards adoption, and the company's strong position in the PKI market for IoT device makers and GSMA eUICC manufacturers.

SEALSQ reported revenue of $4.8M for H1 2024, reflecting a temporary slowdown due to excess inventory and delayed orders as customers await next-generation chips. The company maintained a strong cash position of $18.9M as of June 30, 2024, bolstered by $20M raised through Share Purchase Agreements. During H1, SEALSQ invested $2.4M in R&D initiatives.The company is on track to launch its Quantum-Resistant Secure Chips by Q4 2024, with engineering samples of QS7001 expected to be available for order. SEALSQ is actively pursuing strategic partnerships for custom quantum-resistant chips and establishing Semiconductor Design Centers globally, including negotiations with the Spanish government and plans for US OSAT facility development.Looking ahead, SEALSQ anticipates improved performance in H2 2024 and a return to growth in 2025, supported by a robust pipeline of opportunities valued at $71M. Growth drivers include Matter certification expansion, global IoT security standards adoption, and the company's strong position in the PKI market for IoT device makers and GSMA eUICC manufacturers.