Core Insights - SEALSQ Corp reported a preliminary unaudited revenue of $18 million for FY 2025, reflecting a 66% year-on-year growth, driven by increased demand for traditional products and contributions from the acquisition of IC'ALPS [7] - The company has a strong financial position with cash reserves exceeding $425 million, which supports its global expansion and strategic investments [6][7] - SEALSQ's business pipeline has grown to over $200 million in potential opportunities from 2026 to 2028, indicating strong future growth prospects [5][7] Financial Performance - FY 2025 revenue reached $18 million, with $8 million generated in Q4 2025, compared to $4 million in Q4 2024 [7] - The company aims for FY 2026 revenue growth of 50% to 100% year-over-year, driven by a full year of revenue from IC'ALPS and new product launches [7] - Cash position as of December 31, 2025, was over $425 million, providing liquidity for innovation and expansion in post-quantum cryptography [7] Strategic Initiatives - SEALSQ made strategic investments totaling $30 million in companies like WeCan Group and IC'ALPS, enhancing its capabilities in chip design and secure hardware [6] - The acquisition of IC'ALPS for EUR 12.5 million has added approximately 90 engineers and expanded SEALSQ's presence in the European semiconductor market [6] - The company is focused on scaling production and accelerating R&D in post-quantum technologies to meet rising global demand [12][13] Product Development and Market Adoption - SEALSQ is advancing its smart meter and PKI solutions, which are expected to contribute significantly to revenue growth in 2026 through recurring contracts [8][14] - The QS7001 post-quantum secure chip is gaining traction with industry partners and technology OEMs, addressing the need for robust security against quantum computing threats [9][10] - The company has entered commercial discussions with up to 115 potential customers globally, indicating strong interest in its quantum-resistant products [10] Partnerships and Collaborations - SEALSQ has strengthened its collaboration network with industry consortia and integrators to accelerate the deployment of quantum-resistant products [10] - The company has extended its partnership with Landis+Gyr to enhance PKI services for smart metering devices, aligning with global energy regulations [14] - Strategic investments in companies like WISeSat AG and EeroQ are aimed at enhancing secure satellite communications and advancing quantum chip design [13]

Core Insights - SEALSQ Corp has enhanced its INeS PKI platform to include secure code signing services, aimed at protecting firmware integrity for connected devices, aligning with global cybersecurity regulations [1][3][4] - The platform now supports both legacy ECC and RSA algorithms, preparing customers for the quantum era while meeting current performance and regulatory needs [2][4] - The integration of code signing into the INeS platform provides a scalable, standards-based, and post-quantum-ready trust infrastructure for OEMs in various sectors, including IoT and critical infrastructure [3][5] Regulatory Compliance - The upgraded INeS platform addresses new regulations such as the EU Cyber Resilience Act and U.S. Executive Order 14028, which mandate software publishers to ensure the authenticity and integrity of software components [3][4][6] - INeS supports compliance-ready trust policies aligned with various standards, including ETSI EN 319 421 and ISO/IEC 27001, ensuring that firmware signing meets regulatory requirements [6] Market Position and Applications - SEALSQ's INeS platform is utilized by global manufacturers to manage digital identities for over 30 million smart meters and industrial IoT devices, enhancing firmware authenticity and compliance from chip to cloud [5][6] - The company is pioneering Post-Quantum Semiconductors that provide robust protection for sensitive data across multiple applications, including healthcare, automotive, and industrial automation [8]