WISeKey Announces FY 2022 Revenue Guidance; Expects Revenue of $24.5 Million, an Increase of ...

WISeKey Announces FY 2022 Revenue Guidance; Expects Revenue of $24.5 Million, an Increase of 10% as Compared to FY 2021, Despite Divestiture of arago GmbH

Semiconductors order growth accelerates; backlog of $37 million for IoT Semiconductors products stretches into 2023 and pipeline of opportunities totals $100 million

ZUG, Switzerland – October 19, 2022: Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd (NASDAQ: WKEY / SIX: WIHN) (“WISeKey” or the “Company”), a leading Swiss cybersecurity and IoT company announced today its FY 2022 revenue guidance and its outlook and growth opportunities for 2023.

Carlos Moreira, WISeKey’s Founder and CEO, noted: “We continue to see solid demand for our cybersecurity and IoT technologies and our digital transformation is progressing well. While the current geopolitical and macro-economic climate has impacted many in our industry in 2022, WISeKey was not significantly affected. The fundamental drivers across our business are strong, and our semiconductors order growth is accelerating, countering concerns about a short-term slowdown in our industry. We are confident that steps we took to minimize the effect of these macro-factors have paved the way for continued long term growth.”