SEALSQ Corp Reports H1 2025 Results; Provides Updates on its FY 2025 Revenue Guidance of $17.5 to $20.0 Million, Representing 59% to 82% Growth Year-on-Year, Strong Balance Sheet, Strategic Milestones, and Post-Quantum Growth Outlook

Core Insights - SEALSQ Corp reports interim financial results for H1 2025, highlighting a strong balance sheet and operational milestones achieved, with a focus on growth opportunities for 2026 and beyond [1][4][7] Financial Performance - H1 2025 revenue stands at $4.8 million, consistent with H1 2024, reflecting a strategic transition ahead of new product launches [5] - Cash reserves increased to $121 million as of June 30, 2025, up from $19 million a year earlier [5] - Operating loss for H1 2025 was $21.2 million, primarily due to a one-off stock-based compensation charge of $9.9 million [5] - FY 2025 revenue guidance is set between $17.5 million and $20.0 million, indicating year-on-year growth of 59% to 82% [5] Growth Catalysts - The company anticipates 2026 will see further growth driven by new revenue streams, including the full-year impact of the IC'ALPS acquisition and the launch of the QVault™ TPM post-quantum resistant chip [5][6] - A new business pipeline of $170 million has been identified for 2026-2028, driven by demand for quantum-resistant security solutions [5][6] Strategic Developments - SEALSQ completed the acquisition of IC'ALPS, enhancing its custom chip and IP development capabilities [12] - The Quantix Edge Security Joint Venture is expected to contribute to revenue growth and global expansion [4][12] - Significant investments in R&D amounting to $4.7 million in H1 2025, with a total of over $7 million allocated for the year [5][16] Market Positioning - SEALSQ is positioned to lead in the transition to quantum-resilient security standards, with a focus on post-quantum technology solutions [6][22] - The global embedded security chips market is projected to reach $7.3 billion in 2025, presenting a significant opportunity for SEALSQ [8] Regulatory Environment - SEALSQ's product portfolio aligns with emerging regulatory requirements, including the EU Cyber Resilience Act and U.S. Cyber Trust Mark, positioning the company favorably in the market [18]