Top Page
SEALSQ Corp
(NASDAQ:LAES)
SEALSQ Corp (LAES) vs. SPDR S&P 500 ETF (SPY)
SEALSQ Corp Business Overview & Revenue Model
SEALSQ Corp Earnings Call Summary
SEALSQ Corp Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.65M | 10.98M | 30.06M | 23.20M | 18.59M | 15.25M |
| Gross Profit | 5.09M | 3.73M | 14.05M | 9.80M | 7.15M | 5.43M |
| EBITDA | -30.98M | -17.78M | -1.49M | 3.71M | -3.12M | -6.75M |
| Net Income | -35.17M | -21.20M | -3.27M | 5.77M | -4.83M | -9.20M |
Balance Sheet | ||||||
| Total Assets | 142.02M | 97.57M | 27.93M | 21.66M | 11.84M | 13.43M |
| Cash, Cash Equivalents and Short-Term Investments | 120.94M | 84.62M | 6.89M | 4.06M | 2.06M | 1.83M |
| Total Debt | 6.37M | 8.88M | 15.38M | 14.12M | 17.39M | 14.31M |
| Total Liabilities | 23.89M | 19.70M | 22.90M | 21.45M | 25.41M | 22.81M |
| Stockholders Equity | 118.13M | 77.86M | 5.03M | 212.00K | -13.56M | -9.37M |
Cash Flow | ||||||
| Free Cash Flow | -22.34M | -11.78M | -6.06M | -1.85M | -3.63M | -3.08M |
| Operating Cash Flow | -21.25M | -11.21M | -3.04M | -1.55M | -3.59M | -3.02M |
| Investing Cash Flow | -2.99M | -571.00K | -3.02M | -299.00K | -36.00K | 163.00K |
| Financing Cash Flow | 142.05M | 89.48M | 8.92M | 3.75M | 3.69M | 2.81M |
SEALSQ Corp Technical Analysis
SEALSQ Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
| ― | $1.37B | ― | -45.62% | ― | -44.30% | 16.42% | |
| ― | $757.45M | 158.80 | 0.66% | 3.75% | 0.15% | -92.08% | |
| ― | $1.16B | ― | -36.20% | ― | -7.49% | -64.33% | |
| ― | $842.35M | ― | -34.11% | ― | -10.53% | 36.86% | |
| ― | $786.78M | -37.67 | -2.98% | ― | 15.45% | 49.82% | |
| ― | $662.73M | -65.48 | -3.81% | ― | 7.71% | -44.25% |
SEALSQ Corp Corporate Events
SEALSQ Corp, a company incorporated in the British Virgin Islands with its principal executive office in Switzerland, has received approval from Nasdaq to transfer its listing from The Nasdaq Capital Market to The Nasdaq Global Select Market. This transition, effective from October 27, 2025, signifies a strategic move for SEALSQ Corp, potentially enhancing its visibility and credibility in the financial markets. The company’s shares will continue to trade under the ticker symbol ‘LAES’, indicating stability for current stakeholders.
On October 15, 2025, SEALSQ Corp announced the pricing of a $94.8 million registered offering and a $105.2 million concurrent private placement, expected to raise approximately $200 million in gross proceeds. The offerings, led by Heights Capital Management, are intended to strengthen SEALSQ’s cash position, enabling the company to accelerate its Post-Quantum and Quantum commercialization roadmap in the U.S. and pursue strategic opportunities. This financial move is seen as a strong endorsement of SEALSQ’s technical progress and strategic acquisitions, providing a solid foundation for future growth.
On October 14, 2025, SEALSQ Corp announced a strategic collaboration with WeCan Group SA to develop a Post-Quantum KYC solution. This initiative aims to enhance the security of client data against future decryption threats posed by advancements in quantum computing, reflecting SEALSQ’s commitment to strengthening its market position in data security. SEALSQ holds a 28.3% equity stake in WeCan, and this partnership is expected to bolster its influence in the compliance infrastructure sector.
On October 14, 2025, SEALSQ Corp, a specialist in post-quantum semiconductor technology, announced a strategic collaboration with Wecan Group SA to develop a post-quantum Know Your Customer (KYC) solution aimed at securing client data in the financial industry. This partnership combines SEALSQ’s expertise in quantum-resistant technologies with Wecan’s leadership in compliance and secure data sharing, setting a new standard for data protection against future quantum threats. The initiative is part of Wecan’s innovation roadmap, aiming to enhance security and efficiency standards for financial institutions, preparing them for both current regulatory challenges and the future quantum era.
On October 9, 2025, SEALSQ Corp announced a strategic partnership with Trusted Semiconductor Solutions to co-develop secure semiconductor solutions for US defense and government agencies. This collaboration aims to leverage TSS’s trusted accreditation and SEALSQ’s post-quantum technology to meet federal compliance requirements. The partnership outlines a three-phase roadmap, including short-term development of PQC-enabled solutions, mid-term co-development of ‘Made in US’ ICs, and long-term advancement of secure architectures. This initiative positions SEALSQ to strengthen its foothold in the defense sector, potentially enhancing its market presence and stakeholder value.
On October 9, 2025, SEALSQ Corp announced a strategic partnership with Trusted Semiconductor Solutions to develop ‘Made in US’ Post-Quantum Cryptography-enabled secure semiconductor solutions for US government and defense agencies. This collaboration aims to strengthen SEALSQ’s presence in the US market, leveraging TSS’s trusted position within the US defense ecosystem to ensure compliance with federal requirements. The partnership outlines a three-phase roadmap to enhance quantum security, including short-term integration of SEALSQ’s QS7001 secure element with TSS’s platforms, mid-term co-development of PQC-embedded ICs, and long-term development of next-generation secure architectures. This initiative reinforces SEALSQ’s ‘Quantum Corridor’ strategy and its mission to secure digital infrastructures in the post-quantum era.
On October 8, 2025, SEALSQ Corp announced its preliminary unaudited financial metrics for the nine-month period ending September 30, 2025, revealing a 41% increase in year-on-year revenue growth, reaching $9.9 million. This growth is driven by a resurgence in demand for traditional products and the acquisition of IC’ALPS, although the transition to next-generation technologies continues to impact revenue. With a cash position of $220 million as of October 7, 2025, SEALSQ is well-positioned to enhance its leadership in PQC-enabled semiconductors and expand its quantum-secure technology offerings.
On October 8, 2025, SEALSQ Corp announced its preliminary financial metrics for the nine-month period ending September 30, 2025, reporting a 41% year-on-year revenue growth. The company reaffirmed its FY 2025 revenue guidance of $17.5 million to $20 million, indicating a 59% to 82% growth over 2024. SEALSQ highlighted key strategic milestones, including the acquisition of IC’ALPS and partnerships in the Quantix Edge Security project, which are expected to drive significant revenue growth and global expansion in 2026. The company is also advancing its quantum-resilient security infrastructure, aligning with U.S. government timelines for adopting quantum-resistant cryptography, and investing in space communications through WISeSat.Space.
On October 5, 2025, SEALSQ Corp entered into a Warrant Inducement Agreement with institutional investors, leading to the exercise of 15 million Class A Warrants issued in July 2025, generating approximately $69 million in gross proceeds. The agreement includes the issuance of new Class C Warrants, allowing the purchase of up to 26.25 million ordinary shares, enhancing SEALSQ’s financial position and potentially impacting its market strategy by increasing liquidity and shareholder value.
On September 26, 2025, SEALSQ Corp announced a definitive agreement with Quantix Edge Security to develop Spain’s first post-quantum semiconductor personalization center in the Region of Murcia. This project, aligned with the Spanish Government’s strategy to enhance sovereignty in critical sectors, is expected to generate $25 million in revenue over three years. The center will bolster Spain’s position as a European hub for semiconductor innovation. SEALSQ also plans to accelerate the commercialization of its post-quantum semiconductors and is preparing to launch the Quantum Shield ‘QS7001’ in November 2025, which will embed NIST-standardized quantum-resistant algorithms for enhanced security across various critical applications.
SEALSQ Corp announced the establishment of an investment committee on September 3, 2025, to oversee its investment policy, which includes the addition of Bitcoin, Ethereum, HBAR, and WeCan Tokens as treasury reserve assets. The company holds a 28.3% equity stake in WeCan Group SA, and its CEO, Carlos Moreira, was appointed to WeCan’s board on July 22, 2025. The new investment strategy aims to optimize returns while ensuring sufficient liquidity to meet financial obligations, potentially impacting the company’s financial statements due to fluctuations in cryptocurrency values.
On September 9, 2025, SEALSQ Corp reported its interim financial results for the first half of 2025, revealing a revenue of $4.8 million, consistent with the same period in 2024. The company has a strong cash reserve of $121 million as of June 30, 2025, despite an operating loss of $21.2 million due to a one-off stock-based compensation charge. SEALSQ updated its full-year 2025 revenue guidance to be between $17.5 million and $20.0 million, representing a year-on-year growth of 59% to 82%. The company anticipates further growth in 2026, driven by new revenue streams from its IC’ALPS acquisition and the launch of its TPM post-quantum resistant chip. SEALSQ has identified a $170 million business pipeline for 2026-2028, fueled by demand for quantum-resistant security solutions. The company has achieved several strategic milestones, including the IC’ALPS acquisition and the Quantix Edge Security Joint Venture, positioning it as a leader in quantum-resilient security standards.
On August 4, 2025, SEALSQ Corp announced the completion of its acquisition of IC’ALPS SAS, following approval from the French Ministry of the Economy, Finance and Industrial and Digital Sovereignty. This strategic acquisition, valued at EUR 12.5 million with potential earn-out payments, significantly enhances SEALSQ’s capabilities in the European semiconductor sector by integrating IC’ALPS’ expertise in ASIC design. The move is expected to bolster SEALSQ’s position in the market for secure, high-performance ASICs, addressing the growing demand for quantum-resistant technologies across industries such as automotive, healthcare, and IoT. The acquisition aligns with SEALSQ’s strategic vision to create a ‘Quantum Corridor’ in France, focusing on developing post-quantum semiconductors.