WISeKey reported H1 2024 revenue of $5.2M, reflecting an expected slowdown in traditional semiconductor demand. The company maintained a strong cash position of $26.3M as of June 30, 2024, while investing $2.9M in R&D focused on post-quantum chip development, SEALCoin, and WISeSat satellites.The company secured significant strategic investments, including a $20M financing for SEALSQ's semiconductor production expansion and a $50M token investment commitment from GEM Digital Limited for the SEALCOIN project. WISeSat.Space progressed with its plan to launch 88 low-orbit satellites by 2027, having successfully deployed 17 satellites to date in collaboration with FOSSA Systems.Looking ahead, WISeKey anticipates improved H2 2024 performance with a project pipeline valued at over $71M. Growth initiatives include the launch of next-generation post-quantum semiconductors in late 2024, expansion of satellite operations with a new picosatellite launch planned for early 2025, and the development of SEALCOIN's machine-to-machine transactional IoT services.

WISeKey reported H1 2024 revenue of $5.2M, reflecting an expected slowdown in traditional semiconductor demand. The company maintained a strong cash position of $26.3M as of June 30, 2024, while investing $2.9M in R&D focused on post-quantum chip development, SEALCoin, and WISeSat satellites.The company secured significant strategic investments, including a $20M financing for SEALSQ's semiconductor production expansion and a $50M token investment commitment from GEM Digital Limited for the SEALCOIN project. WISeSat.Space progressed with its plan to launch 88 low-orbit satellites by 2027, having successfully deployed 17 satellites to date in collaboration with FOSSA Systems.Looking ahead, WISeKey anticipates improved H2 2024 performance with a project pipeline valued at over $71M. Growth initiatives include the launch of next-generation post-quantum semiconductors in late 2024, expansion of satellite operations with a new picosatellite launch planned for early 2025, and the development of SEALCOIN's machine-to-machine transactional IoT services.