SEALSQ Issues CEO Letter to Shareholders
SEALSQ Corp (NASDAQ: LAES) has released a CEO letter highlighting significant financial and strategic developments. The company will release its 2024 audited financial results by March 21, 2025. Key achievements include:
The company has eliminated all convertible debt and warrants, strengthening its balance sheet. SEALSQ has built a cash reserve peaking at over $90 million in January 2025, with $85 million remaining at year-end. The company has a robust sales opportunities pipeline of $93 million through 2028, with over 40 opportunities related to TPM quantum-resistant technology.
Strategic initiatives include an exclusive agreement to acquire IC'Alps (pending due diligence and government approval), the launch of the SEAL Quantum Roadmap, and plans for a Quantum-as-a-Service platform rollout in 2025. The company invested $5 million in R&D during 2024, with increased revenues expected from these innovations starting in 2026.
SEALSQ Corp (NASDAQ: LAES) ha pubblicato una lettera del CEO che evidenzia significativi sviluppi finanziari e strategici. L'azienda rilascerà i risultati finanziari auditati per il 2024 entro il 21 marzo 2025. I principali traguardi includono:
L'azienda ha eliminato tutto il debito convertibile e i warrant, rafforzando il proprio bilancio. SEALSQ ha accumulato una riserva di liquidità che ha raggiunto oltre 90 milioni di dollari a gennaio 2025, con 85 milioni di dollari rimanenti a fine anno. L'azienda ha un robusto portafoglio di opportunità di vendita di 93 milioni di dollari fino al 2028, con oltre 40 opportunità legate alla tecnologia TPM resistente ai quanti.
Le iniziative strategiche includono un accordo esclusivo per acquisire IC'Alps (in attesa di due diligence e approvazione governativa), il lancio della SEAL Quantum Roadmap e piani per il lancio di una piattaforma Quantum-as-a-Service nel 2025. L'azienda ha investito 5 milioni di dollari in R&S durante il 2024, con un aumento dei ricavi previsto da queste innovazioni a partire dal 2026.
SEALSQ Corp (NASDAQ: LAES) ha lanzado una carta del CEO que destaca desarrollos financieros y estratégicos significativos. La compañía publicará sus resultados financieros auditados de 2024 antes del 21 de marzo de 2025. Los logros clave incluyen:
La empresa ha eliminado toda la deuda convertible y los warrants, fortaleciendo su balance. SEALSQ ha construido una reserva de efectivo que alcanzó más de 90 millones de dólares en enero de 2025, con 85 millones de dólares restantes al final del año. La compañía tiene un sólido pipeline de oportunidades de ventas de 93 millones de dólares hasta 2028, con más de 40 oportunidades relacionadas con la tecnología TPM resistente a los cuánticos.
Las iniciativas estratégicas incluyen un acuerdo exclusivo para adquirir IC'Alps (pendiente de diligencia debida y aprobación gubernamental), el lanzamiento del SEAL Quantum Roadmap y planes para el lanzamiento de una plataforma Quantum-as-a-Service en 2025. La empresa invirtió 5 millones de dólares en I+D durante 2024, con un aumento en los ingresos esperado de estas innovaciones a partir de 2026.
SEALSQ Corp (NASDAQ: LAES)는 CEO의 편지를 발표하여 중요한 재무 및 전략적 발전을 강조했습니다. 회사는 2025년 3월 21일까지 2024년 감사 재무 결과를 발표할 예정입니다. 주요 성과는 다음과 같습니다:
회사는 모든 전환사채와 워런트를 없애 재무구조를 강화했습니다. SEALSQ는 2025년 1월에 9천만 달러 이상의 현금 준비금을 쌓았으며, 연말에는 8천5백만 달러가 남아 있습니다. 이 회사는 2028년까지 9천3백만 달러의 강력한 판매 기회 파이프라인을 보유하고 있으며, 40개 이상의 기회가 양자 저항 기술과 관련되어 있습니다.
전략적 이니셔티브에는 IC'Alps 인수를 위한 독점 계약(실사 및 정부 승인이 필요), SEAL Quantum Roadmap의 출시, 2025년 Quantum-as-a-Service 플랫폼 출시 계획이 포함됩니다. 회사는 2024년에 R&D에 5백만 달러를 투자했으며, 이러한 혁신으로 인해 2026년부터 수익 증가가 예상됩니다.
SEALSQ Corp (NASDAQ: LAES) a publié une lettre du PDG soulignant des développements financiers et stratégiques significatifs. La société publiera ses résultats financiers audités pour 2024 d'ici le 21 mars 2025. Les réalisations clés incluent :
La société a éliminé toute dette convertible et tous les bons de souscription, renforçant ainsi son bilan. SEALSQ a constitué une réserve de liquidités atteignant plus de 90 millions de dollars en janvier 2025, avec 85 millions de dollars restants à la fin de l'année. L'entreprise dispose d'un solide pipeline d'opportunités de vente de 93 millions de dollars jusqu'en 2028, avec plus de 40 opportunités liées à la technologie TPM résistante aux quanta.
Les initiatives stratégiques comprennent un accord exclusif pour acquérir IC'Alps (sous réserve de due diligence et d'approbation gouvernementale), le lancement de la SEAL Quantum Roadmap et des projets de déploiement d'une plateforme Quantum-as-a-Service en 2025. L'entreprise a investi 5 millions de dollars en R&D en 2024, avec une augmentation des revenus attendue de ces innovations à partir de 2026.
SEALSQ Corp (NASDAQ: LAES) hat einen Brief des CEO veröffentlicht, der bedeutende finanzielle und strategische Entwicklungen hervorhebt. Das Unternehmen wird seine geprüften Finanzberichte für 2024 bis zum 21. März 2025 veröffentlichen. Zu den wichtigsten Erfolgen gehören:
Das Unternehmen hat alle wandelbaren Schulden und Warrants abgebaut und damit seine Bilanz gestärkt. SEALSQ hat eine Barreserve aufgebaut, die im Januar 2025 über 90 Millionen Dollar erreichte, mit 85 Millionen Dollar, die zum Jahresende verbleiben. Das Unternehmen hat eine robuste Verkaufschancenpipeline von 93 Millionen Dollar bis 2028, mit über 40 Chancen, die mit der quantenresistenten TPM-Technologie verbunden sind.
Strategische Initiativen umfassen eine exklusive Vereinbarung zur Übernahme von IC'Alps (unter Vorbehalt der Due Diligence und Genehmigung durch die Regierung), die Einführung der SEAL Quantum Roadmap und Pläne für die Einführung einer Quantum-as-a-Service-Plattform im Jahr 2025. Das Unternehmen investierte 5 Millionen Dollar in F&E im Jahr 2024, mit einem Anstieg der Einnahmen, der ab 2026 aus diesen Innovationen erwartet wird.
- Strong cash position with $85M reserve at year-end
- Elimination of all convertible debt and warrants
- $93M sales opportunities pipeline through 2028
- Strategic acquisition agreement with IC'Alps
- $5M R&D investment in 2024
- Revenue growth from innovations delayed until 2026
- IC'Alps acquisition still subject to due diligence and regulatory approval
Insights
SEALSQ's shareholder letter reveals significant financial strengthening that materially improves its position and outlook. The complete elimination of all convertible debt and warrants with anti-dilution clauses represents a critical balance sheet cleanup that removes dilution risk and enhances financing flexibility. This development is particularly meaningful for a growth-stage company in capital-intensive semiconductor and security markets.
The company's $85 million cash reserve (peaking above $90 million in January) provides substantial operational runway and acquisition capital, representing nearly 31% of SEALSQ's current $270 million market capitalization. This cash position creates a solid foundation for executing the company's growth strategy, including R&D initiatives and potential acquisitions like IC'Alps.
The $93 million sales opportunities pipeline through 2028 represents potential revenue that exceeds the company's current market cap, with 40+ opportunities specifically targeting quantum-resistant TPM technology. However, investors should note these are pipeline opportunities rather than secured contracts, with revenue contributions from recent innovations not expected until 2026.
The exclusivity agreement to acquire IC'Alps (subject to due diligence and approvals) aligns with vertical integration strategy to enhance ASIC design capabilities. While financial terms remain undisclosed, this acquisition could accelerate SEALSQ's product development capabilities and market positioning in specialized semiconductor security solutions.
The upcoming March 21 financial results will provide critical context for evaluating current operations and near-term trajectory against strategic initiatives in quantum-resistant security for AI and IoT applications.
SEALSQ's strategic positioning at the intersection of semiconductor development, PKI, and post-quantum security represents a focused approach to emerging cybersecurity challenges. The company's emphasis on quantum-resistant semiconductor technologies addresses a critical need as quantum computing advances threaten conventional encryption methods.
The planned 2025 rollout of the SEAL Quantum-as-a-Service platform represents an innovative approach to democratizing quantum computing access by eliminating hardware barriers. This platform strategy could potentially accelerate adoption while creating recurring revenue opportunities beyond hardware sales.
SEALSQ's focus on quantum-resistant security for AI applications targets a growing vulnerability as AI deployment accelerates across sensitive sectors. By prioritizing trusted data exchange, intellectual property protection, and regulatory compliance, the company is addressing fundamental security requirements for AI implementation in healthcare, finance, and autonomous systems.
The collaboration with WISeSat.Space for dedicated satellite-IoT connectivity further extends SEALSQ's security architecture to encompass space-based communications infrastructure - an emerging frontier for secure connectivity.
The $5 million R&D investment in 2024 demonstrates commitment to innovation, though it appears relatively modest given the ambitious roadmap spanning quantum computing, semiconductors, and AI security. The exclusive agreement to acquire IC'Alps represents a pragmatic approach to enhancing ASIC design capabilities without building this expertise entirely in-house, potentially accelerating time-to-market for specialized security chips.
Geneva, Switzerland, March 04, 2025 (GLOBE NEWSWIRE) -- 
SEALSQ Issues CEO Letter to Shareholders
Geneva, Switzerland, March 4, 2025 -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today issues a CEO Letter to Shareholders.
Dear Shareholders,
We are pleased to share an update on SEALSQ’s financial and strategic progress, highlighting significant advancements that strengthened its balance sheet and positioned the Company for sustained growth.
Upcoming Release of SEALSQ's 2024 Audited Financial Results
SEALSQ will release its audited 2024 financial results on or before March 21, 2025. This will provide shareholders with a comprehensive overview of our financial performance, operational achievements, and strategic outlook for the year ahead.
A Clean Balance Sheet and Strong Financial Foundation
The robust performance of SEALSQ Ordinary Shares in December 2024 and January 2025 has enabled us to fully eliminate all convertible debt balances and all warrants previously issued in conjunction with the convertible debt. As a result, SEALSQ now has no outstanding warrants containing anti-dilution clauses which can strengthen our ability to attract new investment. By successfully cleaning our balance sheet, we have removed any obligation to secure additional convertible loans, further enhancing our financial flexibility and positioning SEALSQ for a future centered on innovation, strategic growth, and operational excellence.
A
SEALSQ continues to make strides in semiconductor development, PKI, and post-quantum security, reinforcing our leadership in these vital sectors. As we transition toward next-generation quantum-resistant semiconductor technologies, we are strategically positioned to capitalize on industry-wide transformation.
Our robust sales opportunities pipeline of
Exclusive Agreement to Acquire IC’Alps
In a strategic move to enhance our semiconductor design capabilities, SEALSQ has entered into an exclusivity agreement to acquire IC’Alps, subject only to due diligence and government approval.
IC’Alps' expertise in ASIC design will significantly enhance our ability to deliver state-of-the-art security solutions, expanding both our technological capabilities and market reach. This acquisition aligns with our vision of positioning SEALSQ at the forefront of semiconductor innovation and strengthening our long-term industry leadership.
Pioneering the Future with the SEAL Quantum Roadmap
A major milestone of 2024 was the official launch of the SEAL Quantum Roadmap, setting the stage for our next-generation post-quantum platform and semiconductors.
We anticipate the full rollout of the SEAL Quantum-as-a-Service platform in 2025, eliminating hardware barriers and accelerating the widespread adoption of quantum computing. By fostering collaborations with leading quantum computing companies, we aim to provide customers with access to a cutting-edge security technology ecosystem.
Advancing Quantum-Resistant Security for AI and IoT
The rapid advancement of artificial intelligence (AI) has intensified the demand for robust post-quantum security solutions. SEALSQ’s quantum-resistant semiconductors will play a pivotal role in securing AI-driven applications, ensuring:
- Trusted data exchange
- Protection of intellectual property
- Compliance with evolving cybersecurity regulations
Our secure AI infrastructure will address critical industries, including healthcare, finance, and autonomous systems. Additionally, our collaboration with WISeSat.Space to develop a dedicated satellite-IoT connectivity ecosystem will further strengthen our global presence in IoT security.
Financial Strength and Future Outlook: Cash Reserve of
As of early 2025, SEALSQ had built an unprecedented cash reserve that peaked at over
In 2024, we invested
A Strong Path Forward
Looking ahead, SEALSQ is well-positioned to:
- Expand its international footprint
- Secure additional key partnerships
- Scale production capacity
- Develop post-quantum ASICs
- Strengthen cybersecurity ecosystem
We remain fully committed to driving long-term value for our shareholders and executing our vision of securing the digital future through cutting-edge semiconductor and quantum-resistant technologies.
We sincerely appreciate your continued support and confidence as we advance our mission.
Sincerely,
Carlos Moreira
Chairman & CEO
SEALSQ Corp
About SEALSQ:
SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.
SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.
For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.
Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.
SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
| SEALSQ Corp. Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@sealsq.com | SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 lcati@equityny.com |
FAQ
What is the size of SEALSQ's (LAES) sales opportunities pipeline through 2028?
How much cash reserve does SEALSQ (LAES) have as of early 2025?
When will SEALSQ (LAES) release its 2024 audited financial results?
What is SEALSQ's (LAES) strategic acquisition target?
How much did SEALSQ (LAES) invest in R&D during 2024?
