An announcement from SEALSQ Corp ( (LAES) ) is now available.
SEALSQ Corp announced its FY 2024 financial results and strategic growth plans for 2025, highlighting a strong cash position and a transition to quantum-resistant technologies. Despite a revenue decline in 2024 due to industry shifts, the company anticipates significant growth in 2025, driven by increased demand for post-quantum solutions and strategic acquisitions. SEALSQ plans to expand its market presence in the U.S., Middle East, and Asia-Pacific, and is investing in R&D and new facilities to enhance its semiconductor production capabilities. The company aims to capitalize on the growing post-quantum cryptography market, positioning itself as a leader in this space.
More about SEALSQ Corp
SEALSQ Corp is a company specializing in the development and sale of semiconductors, PKI, and post-quantum technology hardware and software products. The company is focused on the transition to next-generation quantum-resistant chips and aims to lead in the post-quantum cryptography market, which is expected to grow significantly.
YTD Price Performance: -60.21%
Average Trading Volume: 37,762,763
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $374.1M
See more data about LAES stock on TipRanks’ Stock Analysis page.