WISeKey Final H1 Results: Revenue Up 116%, $495M Cash, Redomiciliation Set for Oct 1
WKEY is trading near its 52-week low of $5.32 (9.0% above the low) on light trading volume (0.3× avg).
Summary
WISeKey released final H1 2026 results with revenue up 116% to $11.4M and gross margin expanding to 48%, but operating loss widened to $40.9M. The company holds $495M in cash and minimal debt, funding aggressive quantum and post-quantum expansion. SEALSQ's commercial pipeline now exceeds $225M through 2029, with over $100M tied to post-quantum projects. Redomiciliation to British Virgin Islands takes effect October 1, with WISeQey (WQEY) shares expected to trade on Nasdaq and SIX around October 5. Quantisimo's SPAC deal with GigCapital8 targets a $575M enterprise value and Q1 2027 completion. Key milestones include Miraex acquisition, Quobly and EeroQ investments, and QS7001 certification progress. This follows the preliminary revenue report in July and the September 28 redomiciliation announcement, adding full financials and strategic depth. Watch for the October 1 conference call and the WQEY listing debut.
Updates
· SEC 6-K — The 6-K attaches the press release and half-year report with full financial statements and MD&A.
At the time of this announcement, WKEY was trading at $5.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $71.4M. The 52-week trading range was $5.32 to $19.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.