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As Expected, Preliminary Unaudited H1 2024 Revenue Reflects Transition Period; the Company Anticipates a Stronger H2 2024 and a Return to Growth in 2025
Strong Cash Position of $19 Million and Robust New Business Pipeline of $71 Million at June 30, 2024, Combined with the Development of Post-Quantum Solutions, Position the Company Well for Future Growth
SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ:LAES), a leader in the development and sales of semiconductors, PKI, and post-quantum technology hardware and software products, announces preliminary financial and operational highlights for H1 2024, updates on growth opportunities and expectations for the remainder of 2024 and 2025.
As of June 30, 2024, the Company's robust new business pipeline stood at $71 million, with a strong cash position of $19 million. Preliminary unaudited revenue of $5 million for H1 2024 is reflective of the expected slowdown in traditional semiconductor demand.
Posted In: LAES
