Financial Data and Key Metrics Changes - For the first half of 2025, revenues grew slightly by $0.1 million to $5.3 million, reflecting a continued transition period ahead of expected growth in the second half [19] - Operating losses increased by $13.2 million to $27.3 million, primarily due to a one-off stock-based compensation charge and increased investments in R&D and administrative costs [20] - The net loss for the six months ending June 2025 was $22.3 million, an increase of $6.8 million compared to the same period last year [21] - The company has a strong cash balance of $124.6 million as of June 30, 2025, allowing for accelerated technological development and strategic investments [21] Business Line Data and Key Metrics Changes - The company is focusing on next-generation quantum-resistant chips, the SealCoin transactional IoT platform, and the WISe.ART expansion [21] - The backlog of booked orders for 2026 is approximately 300% higher than at the end of 2025, indicating strong future demand [19] Market Data and Key Metrics Changes - The company expects full-year revenues to be in the range of $18 to $21 million, driven by a return to growth in demand for traditional semiconductor products and the consolidated revenue of IC'ALPS [22] - A robust pipeline of revenue opportunities amounting to $170 million for the period 2026 to 2028 has been established [17] Company Strategy and Development Direction - The company is executing a quantum convergence strategy that combines traditional identity security methods with emerging quantum-safe technologies [6][7] - Strategic partnerships, such as the QuantumX security initiative in Spain, are being developed to enhance shareholder value and create new addressable markets [13] - The company is also focusing on scaling execution and expanding its operational capabilities in the second half of 2025 [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong growth in the second half of the year, with expectations of increased demand for quantum-resistant solutions due to regulatory pressures [22][36] - The company is positioning itself to shape the future of digital trust and security, emphasizing the importance of quantum resilience in critical infrastructures [17][36] Other Important Information - The company is pioneering the integration of post-quantum cryptography into its semiconductor products, with the first post-quantum chip expected to be launched in November 2025 [8][10] - The WISe.ART platform is evolving to include digital twin technology and is expected to generate new revenue streams through tokenization and machine-to-machine transactions [40][42] Q&A Session Summary Question: Contribution from Quantix and margin expectations - The contribution from Quantix is expected to be $25 million over three years, with varying margins depending on the nature of the project [24] - Product revenues are anticipated even before the personalization center is fully operational [25] Question: Breakdown of the $170 million pipeline - The pipeline includes contributions from the Quantum Shield QS7001 chip, Trusted Platform Model (TPM) chips, and revenue from personalization centers [33][37] Question: Path to commercializing WISe.ART and SealCoin - The commercialization of WISe.ART is focused on creating digital twins and integrating SealCoin as a payment method for transactions between devices [39][42]

Financial Data and Key Metrics Changes - For the first half of 2025, revenues grew slightly by $0.1 million to $5.3 million, reflecting a continued transition period ahead of expected growth in the second half [19] - Operating losses increased by $13.2 million to $27.3 million, largely due to a one-off stock-based compensation charge and increased investments in R&D and administrative costs [20] - The net loss for the six months ended June 2025 was $22.3 million, an increase of $6.8 million compared to the same period last year [21] - A strong balance sheet with a cash balance of $124.6 million as of June 30, 2025, allows for accelerated technological development and strategic investments [21] Business Line Data and Key Metrics Changes - The company is focusing on next-generation quantum-resistant chips, the SealCoin transactional IoT platform, and the expansion of the WISe.ART constellation [21] - The backlog of booked orders for 2026 is approximately 300% higher than at the end of 2025, indicating strong demand and confidence in future growth [19] Market Data and Key Metrics Changes - The company expects full-year revenues to be in the range of $18 to $21 million, driven by a return to growth in demand for traditional semiconductor products and the consolidation of IC'ALPS revenue [22] - A robust pipeline of revenue opportunities amounting to $170 million for the period 2026 to 2028 has been established, indicating strong market potential [17] Company Strategy and Development Direction - The company is executing a quantum convergence strategy that combines traditional identity security methods with emerging quantum-safe technologies [6][7] - Strategic partnerships, such as the QuantumX security initiative in Spain, are being developed to enhance shareholder value and create new addressable markets [13] - The company is also focusing on building personalization centers in various countries to reduce dependency on semiconductor supply chains [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, emphasizing the importance of transitioning to quantum-resilient security solutions ahead of regulatory changes expected by 2027 [36] - The company is shaping the future of digital trust and cybersecurity, positioning itself to capitalize on the growing demand for quantum-safe technologies [17] Other Important Information - The Quantum Shield QS7001 chip, set to be launched in November 2025, aims to secure critical applications against quantum computing threats [8][9] - The company is pioneering the integration of post-quantum cryptography into its products, ensuring backward compatibility and avoiding disruption [6] Q&A Session Summary Question: Contribution from Quantix and revenue recognition - The project is expected to contribute $25 million over three years, with varying margins depending on the type of revenue recognized [24] - Product revenues are anticipated even before the center is fully operational [25] Question: Breakdown of the $170 million pipeline - The pipeline includes contributions from the Quantum Shield QS7001 chip, Trusted Platform Model (TPM) chips, and revenue from personalization centers [33][36] Question: Path to commercializing WISe.ART and SealCoin - The commercialization involves creating digital twins of secured objects and integrating SealCoin as a payment method for transactions between devices [40][42]

Core Insights - The Quantum Corridor is a transnational innovation infrastructure connecting quantum, AI, cybersecurity, and semiconductor projects across Spain, France, Switzerland, and the United States [2][3][11] Spain Projects - The initiative began in La Línea de la Concepción, Spain, with the creation of LLG4IR.com, aimed at revitalizing border regions through high-tech corridors [4] - LLG4IR is linked with Málaga TechPark, which hosts over 600 companies, forming a Southern Spain innovation cluster focused on quantum-safe computing and trusted IoT infrastructure [5] - A €40 million Quantum Edge Hub is being developed in Murcia, co-financed by the Spanish government and private investors, with SEALSQ and WISeKey investing €10 million [6] France Projects - In France, SEALSQ's operational HQ in Aix-en-Provence focuses on developing post-quantum semiconductors and identity-focused microchips [7] - SEALSQ acquired IC'Alps, a custom ASIC design house, to pivot towards Quantum ASIC development, enhancing its semiconductor capabilities [8] Switzerland Projects - Geneva serves as the coordination hub for the Quantum Corridor, hosting WISeKey and SEALSQ, and features the WISeID platform for secure digital identity [9] US Projects - SEALSQ USA, based in Arizona, aims to expand the corridor's reach into North America, focusing on secure supply chain integration and post-quantum standardization [10] Technology Focus - SEALSQ specializes in Post-Quantum Technology, integrating semiconductors, PKI, and cryptography to address security challenges posed by quantum computing [12][13]

Core Insights - WISeKey International Holding Ltd's subsidiary WISe.ART has successfully launched Spanish artist Mayte Spínola's digital artwork "El Cristo Cósmico" into low Earth orbit aboard a SpaceX Falcon 9 rocket, marking a significant step in the company's strategy to expand digital expression through space technology [3][4][5] - The artwork is tokenized as an NFT on the WISe.ART platform and is securely stored on a satellite using advanced security measures, including embedded hardware security modules and blockchain-based authentication protocols [4][8] - This initiative is part of WISe.ART's broader mission to utilize space as a platform for artistic expression, enabling global engagement for artists and public figures [5][6] Company Overview - WISe.ART is a full-service NFT platform that leverages WISeKey's cybersecurity technologies to ensure secure creation, trading, and verification of digital assets, integrating IoT, satellite systems, and post-quantum infrastructures [9] - WISeKey operates as a Swiss-based holding company with several subsidiaries focusing on different technology aspects, including cybersecurity, digital identity, and IoT solutions [10][11] - The company has deployed over 1.6 billion microchips across various IoT sectors, playing a crucial role in securing the Internet of Everything [11] Technical Details - The launch took place at 23:11 CET on June 23, 2025, placing the WISeSat satellite into a sun-synchronous low Earth orbit at approximately 500–600 km [4][13] - The satellite features secure NFT storage and communication capabilities, with blockchain certification anchored to WISeKey's Root of Trust, ensuring high-level security [13] - The mission allows for two-way data connectivity for metadata validation and message exchange, enhancing the interaction between the artwork and its audience [13]

Core Insights - WISeKey's WISe.ART 3.0 is one of the world's first and largest Web3 marketplaces for digital art, NFTs, and crypto collectibles, showcasing Faben's MLove at NFC Lisbon [2] - Since its launch in 2021, WISe.ART has led numerous pioneering NFT projects, emphasizing trusted digital identity, robust cybersecurity, and environmental consciousness [3] - WISe.ART ensures secure digital identity and compliance with international standards, making it a trusted platform for institutional and philanthropic NFT use cases [4] Company Overview - WISeKey International Holding Ltd is a global leader in cybersecurity, digital identity, and IoT solutions, operating through several subsidiaries focused on specific technology areas [10][11] - The WISe.ART platform redefines the digital art experience by providing a secure, traceable, and intelligent environment for trading and authenticating digital assets, empowering creators worldwide [6] Project Highlights - Faben's holograms are part of a significant project that includes NFTs, NFCs, physical pieces, and an AI community-building app aimed at promoting global beauty and peace [5] - The holograms will be identifiable with WISeKEY chips and linked to their respective NFTs on the WISe.ART blockchain, with a complete NFT collection set to drop in July during ARTMONACO week [8] Event Information - NFC Summit is an annual event where the creative economy intersects with Web3, featuring live performances, conferences, and exhibitions, gathering major web3 players, investors, and media [9]