2023-04-21 01:21:58 ET
- WISeKey ADS press release ( NASDAQ: WKEY ): FY GAAP EPS of $3.92 beats by $4.04 .
- Revenue of $23.2M (+36.5% Y/Y) misses by $0.13M .
- EBITDA (non-GAAP) was $3.0M as compared to a loss of $3.5M.
- Semiconductors order growth accelerates; backlog of $36M for IoT products stretches into 2024 and pipeline of opportunities totals $100M.
- Outlook: "We expect our WISeKey Semiconductors SEALSQ revenue to continue to grow in 2023. Currently, we expect FY 2023 revenue to grow by approximately 25% as compared to FY 2022, to approximately $30 million. We believe that due to our large backlog of $36 million, our $100 million pipeline of opportunities, and the significant investments we have made into expanding our salesforce, we are well positioned to continue to gain market share and expand our geographic footprint," concluded Mr. Moreira.
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WISeKey ADS reports mixed FY earnings; initiates FY23 outlook