Brief: Wisekey Says 39% Revenue Growth To $15.1 Mln In H1 2023, Vs $10.8 Mln In H1 2022

Wisekey International Holding AG

30/09/2023 24:03

Sept 29 (Reuters) - Wisekey International Holding AG
 WIHN.S :
    * WISEKEY ANNOUNCES FIRST HALF 2023 FINANCIAL RESULTS
    * 39% REVENUE GROWTH TO $15.1 MILLION IN H1 2023, AS
COMPARED TO
$10.8 MILLION IN H1 2022.
    * IN SECOND HALF OF 2023, MANAGEMENT EXPECTS REVENUE TO
REMAIN AT
A SIMILAR LEVEL AS H1 2023
    * 69% INCREASE IN GROSS PROFIT REACHING $8.1 MILLION (53.6%
MARGIN) IN H1 2023 VERSUS $4.8 MILLION (44.0% MARGIN) IN H1 2022
    * AN ANTICIPATED FULL YEAR 2023 REVENUE INCREASE OF OVER 20%
COMPARED TO FULL YEAR 2022
    * WISEKEY-EXPECTS 2024 TO BE TRANSITION YEAR WHERE FOCUS OF
CUSTOMER DEMAND WILL SHIFT TO NEXT GENERATION OF PRODUCTS,LIKELY
TO IMPAIR GROWTH TEMPORARILY IN 2024
    * H1 2023 EBITDA LOSS OF $5.7 MILLION VERSUS LOSS OF $6.5
MILLION
N H1 2022

Source text for Eikon:  ID:nGNE36QtSy 
Further company coverage:  WIHN.S 

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