WISeKey International Holding Ltd WKEY shares are trading higher after reporting H1 FY23 revenues.
WISeKey operates as a holding company with four subsidiaries: SEALSQ Corp LAES, WISeKey SA, WISeSat.Space, and WISe.ART.
Total unaudited revenue rose 39% Y/Y to $15.1 million.
Semiconductor revenue escalated 38% Y/Y to $14.8 million, led by higher demand for semiconductors/IoT products.
WISeKey and its subsidiaries had a pipeline of IoT semiconductors products opportunities totaling $60 million in H1.
Also Read: WISeKey Meets SpaceX - Here's What's Going On
In another release, SEALSQ disclosed a Distribution Agreement with Symmetry Electronics to expand its footprint in North America.
Last month, WKEY and LAES disclosed the development of an AI-based quantum solutions demonstrator for post-quantum cryptography.
Price Action: WKEY shares are higher by 3.78% at $4.12 premarket on the last check Monday.
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