WISeKey International Holding (CH:WIHN)
:WIHN
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WISeKey International Holding
(WIHN)
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Rating:45Neutral
Price Target:
CHF11.50
▼(-19.01% Downside)
Action:ReiteratedDate:12/02/25
WISeKey International Holding's overall stock score reflects significant financial challenges, including declining revenue and profitability issues. Technical indicators suggest a bearish trend, while valuation metrics highlight ongoing financial struggles. Despite strategic advancements and potential future growth, the current financial health remains a concern.
Positive Factors
Strong cash position
A large cash balance provides multi-quarter runway to fund R&D, commercialization and partnerships without immediate dilution. This liquidity supports execution of the quantum convergence strategy and chip launch, reducing near-term financing risk while scaling operations.
Negative Factors
Steep recent revenue decline
A large year-over-year revenue contraction undermines scale economies and weakens the core business base. Persistent top-line declines constrain investment capacity, reduce leverage in partnerships, and make multi-year growth targets harder to achieve without structural recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash position
A large cash balance provides multi-quarter runway to fund R&D, commercialization and partnerships without immediate dilution. This liquidity supports execution of the quantum convergence strategy and chip launch, reducing near-term financing risk while scaling operations.
Read all positive factors
WISeKey International Holding (WIHN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF57.79M
Dividend YieldN/A
Average Volume (3M)20.82K
Price to Earnings (P/E)―
Beta (1Y)-0.42
Revenue Growth-44.06%
EPS Growth58.60%
CountryCH
Employees109
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-1.68
Shares Outstanding4,088,287
10 Day Avg. Volume42,500
30 Day Avg. Volume20,824
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)4.14
Price to Sales (P/S)8.74
P/FCF Ratio-5.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-4.8
Revenue Forecast (FY)CHF26.90M
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 Pac...
How the Company Makes Money
WISeKey generates revenue through a diverse range of solutions, including digital certificates, IoT security services, and cloud-based security offerings. The company’s revenue model is primarily based on subscription fees for its services, licens...
WISeKey International Holding Earnings Call Summary
Earnings Call Date:Sep 23, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Neutral
WISeKey is making strategic advancements with its quantum convergence strategy and partnerships, promising future revenue growth. However, the current financials show increased operating losses and limited revenue growth, indicating a transitional phase with potential for future improvement.Positive Updates
Quantum Convergence Strategy
WISeKey's quantum convergence strategy is beginning to show financial potential, helping to multiply revenues, diversify them, and reduce dependency on any single line of business.
Negative Updates
Operating Loss Increase
Operating losses increased by $30.2 million to $27.3 million, largely due to a one-off stock-based compensation charge and increased investment in R&D and administrative costs.
Read all updates
Q2-2025 Updates
Positive
Negative
Quantum Convergence Strategy
WISeKey's quantum convergence strategy is beginning to show financial potential, helping to multiply revenues, diversify them, and reduce dependency on any single line of business.
Read all positive updates
Company Guidance
During the WISeKey International Holdings 2025 Interim Financial Results Earnings Conference Call, several key metrics and strategic initiatives were highlighted. Revenue for the first half of 2025 increased by $0.1 million to $5.3 million, and the company anticipates full-year revenues in the range of $18 million to $21 million. Despite an operating loss increase of $30.2 million to $27.3 million, largely due to a one-off stock-based compensation charge, the company's cash balance remains strong at $124.6 million as of June 2025. WISeKey's strategic focus includes expanding quantum resilient digital ecosystems, with a significant milestone being the upcoming launch of a world-first post-quantum chip in November 2025. The company also announced a $170 million revenue pipeline for 2026-2028, driven by demand for SEALSQ's semiconductors and new partnerships, including a EUR 20 million investment in the Quantix Edge Security initiative in Spain. Looking ahead, WISeKey plans to further commercialize its WISe.ART platform and SEALCOIN to create new revenue streams.WISeKey International Holding Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
45
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.99M | 11.88M | 30.92M | 23.81M | 17.65M | 14.78M |
| Gross Profit | 5.07M | 4.29M | 14.74M | 10.23M | 7.75M | 6.20M |
| EBITDA | -39.48M | -26.28M | -13.27M | -11.71M | -20.09M | -17.19M |
| Net Income | -8.43M | -13.45M | -15.36M | -27.48M | -20.34M | -28.66M |
Balance Sheet | ||||||
| Total Assets | 154.99M | 114.69M | 47.80M | 49.50M | 88.81M | 52.88M |
| Cash, Cash Equivalents and Short-Term Investments | 124.60M | 90.60M | 15.32M | 20.71M | 34.20M | 28.84M |
| Total Debt | 4.97M | 8.94M | 9.77M | 9.63M | 16.86M | 16.97M |
| Total Liabilities | 28.43M | 27.56M | 26.72M | 25.47M | 47.43M | 38.45M |
| Stockholders Equity | 31.47M | 25.05M | 26.68M | 26.26M | 35.90M | 16.27M |
Cash Flow | ||||||
| Free Cash Flow | -10.37M | -18.34M | -17.23M | -17.45M | -21.83M | -12.60M |
| Operating Cash Flow | -9.89M | -17.77M | -14.21M | -17.14M | -21.79M | -12.55M |
| Investing Cash Flow | -482.00K | 179.00K | -3.02M | -484.00K | -2.52M | -3.90M |
| Financing Cash Flow | 74.67M | 92.92M | 11.85M | 4.18M | 36.98M | 21.48M |
WISeKey International Holding Technical Analysis
Negative
14.20
Price Trends
11.06
Negative
12.81
Negative
12.10
Negative
Market Momentum
-0.37
Negative
46.33
Neutral
64.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:WIHN, the sentiment is Negative. The current price of 14.2 is above the 20-day moving average (MA) of 10.53, above the 50-day MA of 11.06, and above the 200-day MA of 12.10, indicating a bearish trend. The MACD of -0.37 indicates Negative momentum. The RSI at 46.33 is Neutral, neither overbought nor oversold. The STOCH value of 64.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:WIHN.
WISeKey International Holding Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | CHF2.68B | 33.89 | ― | 2.14% | -0.84% | -8.41% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | CHF1.32B | 1,526.55 | ― | 3.40% | -5.87% | -224.75% | |
52 Neutral | CHF1.02B | -4.01 | -20.37% | ― | -27.51% | -36.15% | |
45 Neutral | CHF57.79M | -3.09 | -24.65% | ― | -44.06% | 58.60% | |
45 Neutral | CHF906.65M | -10.54 | -12.96% | ― | -5.48% | 79.75% | |
44 Neutral | CHF73.03M | -1.96 | -52.82% | ― | -41.32% | 89.56% |
* Technology Sector Average
CH:WIHN
WISeKey International Holding
10.26
3.78
58.33%
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WISeKey International Holding Corporate Events
WISeKey’s SEALSQ Enters Exclusive Talks to Invest $200 Million in Quantum Firm Quobly
Jan 14, 2026
SEALSQ, the semiconductor and post-quantum cryptography arm of WISeKey, has entered into a non-binding memorandum of understanding for exclusive negotiations to make an initial minority investment and potentially acquire a majority stake in French...
WISeKey Finalizes Business Combination for Nasdaq Listing of WISeSat.Space
Nov 10, 2025
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’...
WISeKey to Publicly List WISeSat.Space on Nasdaq Through Business Combination
Nov 10, 2025
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 tra...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.