Sealsq sees FY24 EPS $16M-$20M, up 45%-82% year-over-year

he Company anticipates full year 2025 revenue to be in the range of $16M to $20M, representing year-on-year growth of between 45% and 82%. This full-year outlook is based upon best estimates of the timing of the completion of the IC’ALPS acquisition as well as the start date for the Quantix Edge project. he Company expects 2026 will be a period of further growth, fueled by several new revenue streams including a full year of revenue relating to the IC’ALPS acquisition, the commencement of the Quantix Edge project, and the revenues from the launch of the TPM Post-Quantum resistant chip. SEALSQ (LAES) plans to disclose expectations as this business continues to evolve but it currently expects 2026 to reflect similar year-on-year revenue growth in the 50% to 100% range. The Company’s new business pipeline continues to grow and is now standing at $145M of revenue opportunities with both current and prospective clients for the period 2026 to 2028. This is driven by surging demand for quantum-resistant security solutions and sovereign semiconductor design expertise. Carlos Moreira, CEO, commented: “While H1 2025 marked the expected continuation of a transitional period as we aligned our portfolio with the post-quantum era, H2 2025 will be a pivotal inflection point for SEALSQ. With clear visibility into our current business and growth drivers, we expect our second half of the year to be substantially stronger than the first half in terms of revenue. Thus, for the second half of 2025, we expect revenues of between $11M and $15M, fueled by major commercial projects and the consolidation of some revenues relating to IC’ALPS. With standard QVault TPM and custom ASICs solutions, and our expanding network of Test and Personalization Centers, we are laying the foundation for important growth in 2026. Although we do not expect our Spain-based Personalization Center project to be fully activated so as to have a significant impact on our 2025 revenue, we believe it will act as a catalyst for 2026, and we expect it to generate significant revenues that year. These factors, combined with our global PQC leadership, position SEALSQ for accelerated growth in 2026. We stand at a pivotal moment in the evolution of digital trust – where semiconductor security-based solutions and quantum-resistant technologies are becoming the backbone of a digital world that is secure, connected, and built for a better future.”