WSKEF · WISeQey Corp

WISeKey's CEO letter underscores a transformative 2025 with revenue reaching $19.3 million, up 62% year-over-year, primarily propelled by SEALSQ's 66% growth and culminating in a robust Q4 at $8 million, doubling the prior year. This momentum persisted into Q1 2026 with $4.2 million in revenue, reflecting 200% growth over Q1 2025. Balance sheet strength improved markedly, ending 2025 with $429 million in cash and short-term investments, further bolstered to over $535 million by April 2026, enabling execution of a capital-intensive strategy. The company positions 2026 as the 'Year of Convergence,' integrating its five core pillars—SEALSQ, WISeSat.Space, SEALCOIN, WISeID/INeS, and WISe.Art—into a unified quantum-secure platform. SEALSQ's pipeline surpassing $200 million for 2026-2029, bolstered by QS7001's EAL5+ certification and NIST validation, sets the stage for production revenues in late 2026. Strategic moves include expanding the SEALSQ Quantum Fund to $200 million with investments in IC’ALPS, Quantix Edge Security, WeCan Group, EeroQ, and ColibriTD to enhance vertical integration. WISeSat advancements feature 21 launched satellites (14 operational) toward a 100-satellite constellation for the Quantum Spatial Orbital Cloud. Management reaffirms 50% to 100% revenue growth for 2026, driven by SEALSQ commercialization, amid favorable regulations like NSA CNSA 2.0 and NIST standards, positioning WISeKey to capitalize on post-quantum demand in defense, federal, and IoT sectors.