WISeKey (WKEY, Financial) International is preparing to enhance its space communications capabilities with the launch of a next-generation WISeSat.Space satellite, scheduled for June 2025 aboard a SpaceX mission. This pivotal development aims to strengthen WISeSat.Space’s secure communication infrastructure and enable the deployment of Transactional IoT solutions from orbit.
The new satellite will introduce groundbreaking features, including secure, encrypted communication with WISePhone mobile devices and the integration of SEALCOIN, a decentralized agent facilitating machine-to-machine transactions straight from space. These innovations are set to significantly boost the functionality of the WISeSat.Space constellation, advancing towards a decentralized and secure IoT network that supports autonomous digital ecosystems.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for WISeKey International Holding Ltd (WKEY, Financial) is $10.00 with a high estimate of $10.00 and a low estimate of $10.00. The average target implies an upside of 168.82% from the current price of $3.72. More detailed estimate data can be found on the WISeKey International Holding Ltd (WKEY) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, WISeKey International Holding Ltd's (WKEY, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for WISeKey International Holding Ltd (WKEY, Financial) in one year is $0.81, suggesting a downside of 78.23% from the current price of $3.72. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the WISeKey International Holding Ltd (WKEY) Summary page.
WKEY Key Business Developments
Release Date: April 22, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- WISeKey International Holding Ltd (WKEY, Financial) ended the year with a strong cash position, exceeding $90 million, which supports future growth and investment opportunities.
- The company has made significant progress in developing post-quantum secure chips, with plans for commercial launch in Q4 2025.
- WISeKey International Holding Ltd (WKEY) has established strategic partnerships, including with the Swiss Army, to enhance secure communication and satellite technology.
- The company is focusing on a convergence strategy, integrating semiconductors, satellites, blockchain, and digital identity into a unified ecosystem.
- WISeKey International Holding Ltd (WKEY) has a robust pipeline of secured and pending business opportunities exceeding $115 million for the period 2026 to 2028.
Negative Points
- WISeKey International Holding Ltd (WKEY) reported a significant decline in revenue for 2024, down to $11.9 million from $30.1 million in 2023.
- The company is facing challenges with excess inventory accumulation from 2023, impacting current financial performance.
- There is uncertainty regarding the timing of client decisions and demand for the new post-quantum chips, which may affect future revenue projections.
- The acquisition of IC Alps is pending government approval, which could delay integration and potential revenue contributions.
- WISeKey International Holding Ltd (WKEY) is still in the early stages of development and proof of concept for several projects, which may delay revenue realization.
