WISeKey Announces 9-Month 2022 Preliminary Results; Reports Revenue of $20.5 Million, a 69% Increase from the 9-Month 2021 Period
Q3 2022 Revenue of $7.9 Million Increased by 44% as Compared to Q3 2021
Backlog of $37 Million for IoT Semiconductors Products Stretches into 2023 and Pipeline of Opportunities Totals $100 Million
ZUG, Switzerland – October 6, 2022: Ad-Hoc announcements pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd (NASDAQ: WKEY / SIX: WIHN) (“WISeKey” or the “Company”), a leading Swiss cybersecurity and IoT company announced today its preliminary unaudited financial results for the 9-month period ended September 30, 2022 (all figures are unaudited and estimated due to the preliminary nature of the announcement).
Carlos Moreira, WISeKey’s Founder and CEO, noted, “This is the fourth consecutive quarter we are reporting a growth in revenue. Despite the complexity of navigating the post-Covid-related and macro-economic challenges, 2022 so far it has been a year of hope and optimism as a recovery on the supply chain semiconductors business has started to take shape. At WISeKey, we are incredibly proud of how our teams across the globe have managed to deliver on time and supported our customers despite the disruption in the semiconductors supply chain. Our IoT activities including the extension to Satellite IoT connectivity, Post Quantum Chips and NFT has also made it undeniably…
