Wisekey expects semiconductor revenue growth, shares up

Wisekey International Holding AG

22/06/2022 12:27

** U.S.-listed shares of Swiss-based e-security company
Wisekey  WKEY.O  up 21.1% at $1.49 in premarket trading
    ** Co expects its semiconductors IoT segment to generate rev
of ~$10 mln in H1 2022, increase of over 37% compared to H1 2021
    ** Expects to generate FY 2022 rev for the same segment
between $21 mln and $23 mln, driven by increased semiconductors
demand and new contracts  urn:newsml:reuters.com:*:nGNX9cH5bK
    ** "The guidance range takes under consideration the current
supply chain disruption challenges however, this would represent
year-on-year growth of between 23% and 35%" - Co
    ** Adds that expected increase is mainly due to higher
revenue from U.S. and EU markets
    ** As of last close, stock fell ~69% this year

    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))