Sealsq reaffirms FY25 revenue view $17.5M-$20M

9M 2025 Key Financial Metrics: +41% year on year revenue growth: Preliminary unaudited 9M 2025 revenue of $9.9M, with $5.1M recorded in the third quarter of the year, compared to $7.0 million in the equivalent period last year. Growth drivers: this 41% growth is mostly attributable to the expected return to growth in the demand for traditional products and two months of consolidated revenue from IC’ALPS since the completion of the acquisition on August 4, 2025. However, revenue is still negatively impacted by the ongoing transition from legacy products to next-generation post-quantum semiconductors and software. Treasury: a cash position of $220M as of October 7, 2025 provides strong liquidity for PQC innovation and expansion, with the Company aiming to solidify its leadership in PQC-enabled semiconductors and its capacity to meet growing global demand for sovereign, quantum-secure technologies. 2025 Guidance: Full-year revenue expected between $17.5M and $20M, marking 59%-82% growth over 2024. This full-year outlook includes the expected return to growth in the demand for our traditional products, the consolidated revenue of IC’ALPS since the completion of the acquisition on August 4, 2025, as well as our best estimate of the start date for the Quantix Edge Security project. 2026 and Beyond: Anticipated continued acceleration, with an expectation of between 50% to 100% growth, propelled by new PQC chip launches, full consolidation of IC’ALPS, and Quantix Edge revenues. Pipeline: The Company’s expanding business pipeline now totals $175M in potential revenue opportunities from 2026 to 2028, highlighting rising global demand for quantum-resistant security and sovereign semiconductor design and the continued evolution of our business development activities.