SEALSQ Corp Price & Performance (LAES)

SEALSQ Corp has announced a strategic acquisition of a 30% stake in WeCanGroup SA. This partnership aims to enhance blockchain-based security solutions, focusing on post-quantum cryptography and IoT security. The collaboration integrates SEALSQ's encryption expertise with WeCanGroup's compliance platforms for improved digital identity verification and fraud prevention.1

SEALSQ revealed a significant revenue drop in its FY 2024 results, with earnings falling to $11 million from $30 million in 2023. The decline is attributed to its transition to quantum-resistant chips. Despite losses, the company maintains a strong cash position and anticipates a rebound in 2025 driven by new product launches.23

SEALSQ has secured distribution agreements across Europe, Asia, and the Middle East, expanding its reach for post-quantum-ready solutions. Partnerships with firms like Ozdisan and DTDS Technology aim to strengthen its presence in automotive, industrial, and IoT sectors, showcasing its commitment to global market penetration.45