WISeKey International Holding (WIHN) AI Stock Analysis

• Market Cap: $118.40M
• Dividend Yield: N/A
• Average Volume (3M): 20.82K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.75
• Revenue Growth: -44.06%
• EPS Growth: 58.60%
• Country: CH
• Employees: 109
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -1.69
• Shares Outstanding: 4,080,546
• 10 Day Avg. Volume: 42,500
• 30 Day Avg. Volume: 20,824
• PEG Ratio: 0.39
• Price to Book (P/B): 4.14
• Price to Sales (P/S): 8.74
• P/FCF Ratio: -5.66
• Enterprise Value/Market Cap: 0.33
• Enterprise Value/Revenue: 3.29
• Enterprise Value/Gross Profit: 9.10
• Enterprise Value/Ebitda: -1.49
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: CHF19.50 ▲(0.52% Upside)

WISeKey's overall stock score is primarily impacted by its challenging financial performance, with declining revenue and profitability issues. The technical analysis provides some positive momentum, and strategic initiatives highlighted in the earnings call offer potential for future growth. However, the current valuation remains unattractive due to negative earnings and lack of dividends.

WISeKey International Holding Business Overview & Revenue Model

Company Description

WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions for the internet of things (IoT) and digital identity ecosystems in Switzerland, rest of Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company operates through three segments: IoT, Artificial Intelligence (AI), and Managed Public Key Infrastructure (mPKI). It offers microcontrollers that provides identity to various connected devices; and mPKI, which include digital identity, certificate management and signing solutions, and trust services, as well as offers digital certificates; software as a service, including cloud-based certificate life-cycle-management and signing and authentication solutions; software licenses; post-contract customer support for cybersecurity applications; and infrastructure hosting and monitoring services. The company also develops, markets, hosts, and supports a range of solutions that enable secure digital identification of people, content, and objects by generating digital identities through its products and services in cybersecurity services, IoT, digital brand management, and mobile security, which enable clients to monetize their existing user bases, as well as expand its eco-system. In addition, the company operates ISTANA platform to manage components in an intelligent car by providing digital identities based on PKI technology.; and engages in financing, sales, and distribution activities. Further, it provides AI solutions through knowledge automation. The company was founded in 1999 and is headquartered in Zug, Switzerland.

How the Company Makes Money

WISeKey generates revenue through several key streams, primarily by offering cybersecurity solutions and services such as digital identity management and secure communications. Its revenue model includes subscription fees for its software services, licensing fees for its technology, and consulting services related to cybersecurity. Additionally, WISeKey has established partnerships with various organizations and governments to enhance their cybersecurity infrastructure, contributing to its earnings through collaborative projects and contracts. The company also monetizes its intellectual property through patent licensing and has ventured into blockchain solutions that can provide further revenue opportunities.

WISeKey International Holding Financial Statement Overview

Summary

WISeKey International Holding is facing significant financial challenges, including declining revenue, poor profitability, and weak cash flow management. While the balance sheet shows some stability, the overall financial health is concerning, with a need for substantial improvements in operational efficiency and cash flow generation.

Income Statement

The company has been experiencing declining revenue, with a significant drop of 61.6% from 2023 to 2024. Negative EBIT and net income margins, at -231% and -113% respectively for 2024, reflect ongoing operational challenges and profitability issues.

Balance Sheet

The balance sheet shows a relatively high equity ratio of 21.8% in 2024, indicating some stability. However, the debt-to-equity ratio remains concerning at 0.36, and negative return on equity suggests poor returns for shareholders.

Cash Flow

The company has negative free cash flow, although it improved slightly in 2024. The large discrepancy between operating cash flow and net income highlights cash flow issues. The operating cash flow to net income ratio remains negative, indicating weak cash generation.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.88M	30.92M	23.81M	17.65M	14.78M
Gross Profit	4.29M	14.74M	10.23M	7.75M	6.20M
EBITDA	-26.28M	-13.27M	-11.71M	-20.09M	-17.19M
Net Income	-13.45M	-15.36M	-27.48M	-20.34M	-28.66M
Balance Sheet
Total Assets	114.69M	47.80M	49.50M	88.81M	52.88M
Cash, Cash Equivalents and Short-Term Investments	90.60M	15.32M	20.71M	34.20M	28.84M
Total Debt	8.94M	9.77M	9.63M	16.86M	16.97M
Total Liabilities	27.56M	26.72M	25.47M	47.43M	38.45M
Stockholders Equity	25.05M	26.68M	26.26M	35.90M	16.27M
Cash Flow
Free Cash Flow	-18.34M	-17.23M	-17.45M	-21.83M	-12.60M
Operating Cash Flow	-17.77M	-14.21M	-17.14M	-21.79M	-12.55M
Investing Cash Flow	179.00K	-3.02M	-484.00K	-2.52M	-3.90M
Financing Cash Flow	92.92M	11.85M	4.18M	36.98M	21.48M

WISeKey International Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:WIHN, the sentiment is Positive. The current price of 19.4 is below the 20-day moving average (MA) of 19.66, above the 50-day MA of 14.15, and above the 200-day MA of 10.51, indicating a neutral trend. The MACD of 1.82 indicates Positive momentum. The RSI at 47.13 is Neutral, neither overbought nor oversold. The STOCH value of 10.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:WIHN.

WISeKey International Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IFCN	69 Neutral	CHF2.33B	25.79	―	2.09%	-0.84%	-8.41%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
UBXN	58 Neutral	$1.02B	-8.98	-20.37%	―	-27.51%	-36.15%
SWON	55 Neutral	CHF1.75B	-64.13	―	3.88%	-5.87%	-224.75%
WIHN	52 Neutral	$118.40M	-15.16	-24.65%	―	-44.06%	58.60%
AMS	48 Neutral	$1.05B	-9.82	-9.68%	―	-5.11%	88.12%
KUD	48 Neutral	$76.91M	-44.05	-52.82%	―	-41.32%	89.56%

WISeKey International Holding Corporate Events

WISeKey Finalizes Business Combination for Nasdaq Listing of WISeSat.Space

WISeKey International Holding AG has finalized a business combination agreement with Columbus Acquisition Corp to list its subsidiary, WISeSat.Space Corp, on Nasdaq as WISeSat.Space Holdings Corp. This strategic move aims to enhance WISeKey’s satellite-based cybersecurity and IoT ecosystem, with plans to expand its satellite constellation to 100 by 2030, thereby strengthening its position in secure space systems and technological sovereignty.

The most recent analyst rating on (CH:WIHN) stock is a Hold with a CHF24.50 price target. To see the full list of analyst forecasts on WISeKey International Holding stock, see the CH:WIHN Stock Forecast page.

WISeKey to Publicly List WISeSat.Space on Nasdaq Through Business Combination

WISeKey International Holding AG has entered into a definitive business combination agreement with Columbus Acquisition Corp. to publicly list its subsidiary WISeSat.Space Corp. on the Nasdaq Stock Exchange as WISeSat.Space Holdings Corp. This transaction, expected to close in the first half of 2026, will see WISeKey receive $250 million in equity and retain majority ownership. The move is aimed at accelerating the commercialization of WISeSat’s satellite-based cybersecurity and IoT ecosystem, positioning the company to expand its satellite network from 14 to 100 by 2030, thereby reinforcing Europe’s leadership in secure space systems.

The most recent analyst rating on (CH:WIHN) stock is a Hold with a CHF24.50 price target. To see the full list of analyst forecasts on WISeKey International Holding stock, see the CH:WIHN Stock Forecast page.

WISeKey Reports Strong Growth and Strategic Expansion in 2025

WISeKey reported a 39% year-on-year revenue growth for the first nine months of 2025, driven by increased demand for semiconductor products and the acquisition of IC’ALPS. The company reaffirmed its revenue guidance for 2025 and outlined growth expectations for 2026, emphasizing its strategic shift towards post-quantum cryptography and global expansion through initiatives like the Quantum Corridor. This positions WISeKey at the forefront of the digital trust revolution, aiming to create a secure and quantum-resilient future.

The most recent analyst rating on (CH:WIHN) stock is a Hold with a CHF12.50 price target. To see the full list of analyst forecasts on WISeKey International Holding stock, see the CH:WIHN Stock Forecast page.

WISeKey’s Earnings Call: Strategic Shifts Amid Losses

WISeKey International Holding’s latest earnings call reflects a company in transition, with a strategic focus on quantum convergence and promising partnerships. While current financials reveal increased operating losses and limited revenue growth, the sentiment remains optimistic about future revenue potential.

WISeKey’s Strategic Growth and Financial Highlights

WISeKey International Holding Ltd is a Swiss-based global leader in cybersecurity, digital identity, and IoT solutions, integrating semiconductors, satellites, blockchain, and digital identity into a unified architecture of trust. In the first half of 2025, WISeKey made significant strides in executing its Convergence strategy, which integrates various technological components into a cohesive ecosystem. This strategy has begun to show financial promise, with WISeKey reporting $5.3 million in revenue, in line with expectations, and a strong cash balance of $124.6 million. The company also completed the acquisition of IC’ALPS SAS, enhancing its custom chip development capabilities. Key financial highlights include a gross profit margin increase to 35% and significant investments in R&D, particularly in post-quantum technologies. WISeKey’s strategic initiatives, such as the commercial launch of SEALSQ’s QVault-TPM and the expansion of the WISeSat.Space constellation, are expected to drive revenue growth in the latter half of 2025 and beyond. Moving forward, WISeKey aims to scale its operations and capitalize on its diversified revenue streams, positioning itself as a leader in the digital trust architecture for the future.