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About

SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductors in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, post quantum, RISC-V chips, secure arm platform, and smart card reader chips; public key infrastructure (PKI) and provisioning for internet of things (IoT), such as root of trust, Ines managed PKI, secure factory provisioning, and zero touch field provisioning services; and other PKI services, including personal digital identity services and TLS certificates. The company also provides device-to-cloud authentication, device attestation for matter, GSMA root certificate, device-to-device authentication, data protection, anti-counterfeiting and brand protection, security access, device ID provisioning, identity lifecycle management, and satellite IoT connectivity solutions. It serves smart energy, smart home, automotive EV charging, consumer IoT, aerospace and military telecommunications, industry, logistics, medical, and luxury sectors. The company was founded in 2022 and is headquartered in Cointrin, Switzerland. SEALSQ Corp operates as a subsidiary of WISeKey International Holding AG.

Fundamentals
Scroll to Statements
Sector Technology Industry Semiconductors Market Cap 701.29M
Enterprise Value 399.85M Income -30.44M Sales 10.98M
Book/sh 0.90 Cash/sh 0.92 Dividend Yield —
Payout 0.00% Employees 67 IPO —
P/E — Forward P/E -65.33 PEG —
P/S 63.88 P/B 4.36 P/C —
EV/EBITDA -13.84 EV/Sales 36.42 Quick Ratio 7.10
Current Ratio 7.38 Debt/Eq 5.39 LT Debt/Eq —
EPS (ttm) -0.40 EPS next Y -0.06 EPS Growth —
Revenue Growth -0.10% Earnings 2026-03-19 ROA -21.19%
ROE -49.36% ROIC — Gross Margin 44.76%
Oper. Margin -4.40% Profit Margin -277.31% Shs Outstand 177.40M
Shs Float 121.65M Short Float 15.22% Short Ratio 2.51
Short Interest — 52W High 8.71 52W Low 1.99
Beta -12.22 Avg Volume 9.21M Volume 3.36M
Target Price $7.50 Recom None Prev Close $3.77
Price $3.92 Change 3.98%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$7.50
Mean price target
2. Current target
$3.92
Latest analyst target
3. DCF / Fair value
$-0.51
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.92
Low
$7.00
High
$8.00
Mean
$7.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-18 init Cantor Fitzgerald — → Overweight $7
2025-02-05 main Maxim Group Buy → Buy $6
2024-09-27 main Maxim Group Buy → Buy $2
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems18.19K171.28K46.16K71.96K
TaxRateForCalcs0.090.090.090.15
NormalizedEBITDA-16.14M-3.50M3.00M-3.60M
TotalUnusualItems214.00K2.02M543.00K482.00K
TotalUnusualItemsExcludingGoodwill214.00K2.02M543.00K482.00K
NetIncomeFromContinuingOperationNetMinorityInterest-21.20M-3.27M5.77M-4.83M
ReconciledDepreciation630.00K570.00K408.00K1.54M
ReconciledCostOfRevenue7.25M16.01M13.40M9.85M
EBITDA-15.93M-1.49M3.54M-3.12M
EBIT-16.56M-2.06M3.13M-4.65M
NetInterestIncome-1.13M-903.00K-597.00K-168.00K
InterestExpense1.56M987.00K605.00K167.00K
InterestIncome703.00K88.00K9.00K0.00
NormalizedIncome-21.40M-5.11M5.27M-5.24M
NetIncomeFromContinuingAndDiscontinuedOperation-21.20M-3.27M5.77M-4.83M
TotalExpenses28.17M34.20M20.61M22.04M
TotalOperatingIncomeAsReported-17.19M-4.14M2.58M-5.04M
DilutedAverageShares27.75M7.80M15.13M15.13M
BasicAverageShares27.75M7.80M15.13M15.13M
DilutedEPS-0.60-0.210.38-0.32
BasicEPS-0.60-0.210.38-0.32
DilutedNIAvailtoComStockholders-21.20M-3.27M5.77M-4.83M
NetIncomeCommonStockholders-21.20M-3.27M5.77M-4.83M
NetIncome-21.20M-3.27M5.77M-4.83M
NetIncomeIncludingNoncontrollingInterests-21.20M-3.27M5.77M-4.83M
NetIncomeContinuousOperations-21.20M-3.27M5.77M-4.83M
TaxProvision3.08M225.00K-3.25M6.00K
PretaxIncome-18.12M-3.04M2.52M-4.82M
OtherIncomeExpense201.00K2.00M539.00K388.00K
OtherNonOperatingIncomeExpenses-13.00K-14.00K-4.00K-94.00K
SpecialIncomeCharges-100.00K2.19M0.00
OtherSpecialCharges100.00K
WriteOff0.00-2.19M0.00
GainOnSaleOfSecurity314.00K-176.00K543.00K482.00K
NetNonOperatingInterestIncomeExpense-1.13M-903.00K-597.00K-168.00K
TotalOtherFinanceCost273.00K4.00K1.00K1.00K
InterestExpenseNonOperating1.56M987.00K605.00K167.00K
InterestIncomeNonOperating703.00K88.00K9.00K0.00
OperatingIncome-17.19M-4.14M2.58M-5.04M
OperatingExpense20.92M18.19M7.22M12.19M
OtherOperatingExpenses-359.00K-48.00K-2.01M-91.00K
ResearchAndDevelopment4.99M3.95M2.31M3.05M
SellingGeneralAndAdministration16.29M14.29M6.92M9.23M
SellingAndMarketingExpense5.45M5.65M3.82M4.25M
GeneralAndAdministrativeExpense10.84M8.64M3.09M4.98M
OtherGandA10.84M8.64M3.09M4.98M
GrossProfit3.73M14.05M9.80M7.15M
CostOfRevenue7.25M16.01M13.40M9.85M
TotalRevenue10.98M30.06M23.20M17.00M
OperatingRevenue10.98M30.06M23.20M17.00M
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber101.54M16.95M9.00M9.00M
ShareIssued101.54M16.95M9.00M9.00M
NetDebt7.25M8.75M13.55M
TotalDebt8.88M15.38M14.12M17.39M
TangibleBookValue77.86M5.03M211.00K-13.57M
InvestedCapital85.80M19.18M13.02M2.05M
WorkingCapital77.55M11.55M5.50M489.00K
NetTangibleAssets77.86M5.03M211.00K-13.57M
CapitalLeaseObligations943.00K1.23M1.31M1.78M
CommonStockEquity77.86M5.03M212.00K-13.56M
TotalCapitalization80.97M17.90M9.65M2.05M
TotalEquityGrossMinorityInterest77.86M5.03M212.00K-13.56M
StockholdersEquity77.86M5.03M212.00K-13.56M
GainsLossesNotAffectingRetainedEarnings758.00K784.00K775.00K621.00K
OtherEquityAdjustments758.00K784.00K775.00K621.00K
RetainedEarnings-41.91M-20.71M-17.44M-23.21M
AdditionalPaidInCapital117.94M24.73M16.73M7.26M
CapitalStock1.07M229.00K150.00K1.77M
CommonStock1.07M229.00K150.00K1.77M
TotalLiabilitiesNetMinorityInterest19.70M22.90M21.45M25.41M
TotalNonCurrentLiabilitiesNetMinorityInterest4.18M14.19M10.82M17.65M
EmployeeBenefits464.00K426.00K396.00K575.00K
NonCurrentPensionAndOtherPostretirementBenefitPlans464.00K426.00K396.00K575.00K
LongTermDebtAndCapitalLeaseObligation3.72M13.76M10.42M17.07M
LongTermCapitalLeaseObligation616.00K893.00K988.00K1.46M
LongTermDebt3.10M12.87M9.44M15.62M
CurrentLiabilities15.52M8.72M10.63M7.76M
OtherCurrentLiabilities36.00K47.00K
CurrentDeferredLiabilities88.00K125.00K84.00K111.00K
CurrentDeferredRevenue88.00K125.00K84.00K111.00K
CurrentDebtAndCapitalLeaseObligation5.16M1.61M3.70M320.00K
CurrentCapitalLeaseObligation327.00K336.00K324.00K320.00K
CurrentDebt4.83M1.28M3.37M
OtherCurrentBorrowings1.28M3.37M
CurrentNotesPayable4.83M1.28M
PayablesAndAccruedExpenses10.27M6.98M6.81M7.28M
CurrentAccruedExpenses435.76K
InterestPayable435.76K
Payables9.84M6.98M6.81M7.28M
OtherPayable1.95M1.14M663.00K757.00K
DuetoRelatedPartiesCurrent4.24M2.53M1.07M819.00K
TotalTaxPayable201.00K15.00K75.00K25.00K
IncomeTaxPayable1.00K2.00K47.00K3.00K
AccountsPayable3.44M3.30M6.74M5.68M
TotalAssets97.57M27.93M21.66M11.84M
TotalNonCurrentAssets4.50M7.67M5.54M3.60M
OtherNonCurrentAssets82.00K83.00K77.00K82.00K
NonCurrentPrepaidAssets83.00K77.00K82.00K
NonCurrentDeferredAssets190.00K3.08M3.30M847.00K
NonCurrentDeferredTaxesAssets190.00K3.08M3.30M847.00K
GoodwillAndOtherIntangibleAssets0.000.001.00K5.00K
OtherIntangibleAssets1.00K5.00K
NetPPE4.23M4.51M2.16M2.66M
AccumulatedDepreciation-13.71M-13.08M-12.51M-12.10M
GrossPPE17.94M17.58M14.67M14.76M
OtherProperties1.03M1.28M1.38M1.78M
MachineryFurnitureEquipment16.91M16.31M13.29M12.99M
CurrentAssets93.06M20.27M16.12M8.25M
OtherCurrentAssets26.00K1.00K
CurrentDeferredAssets2.25M1.72M692.00K
CurrentDeferredTaxesAssets2.25M1.72M692.00K
PrepaidAssets421.00K955.00K1.42M679.00K
Inventory1.42M5.23M7.51M2.71M
FinishedGoods172.00K0.00
WorkInProcess482.00K4.21M2.99M1.76M
RawMaterials764.00K1.02M4.52M950.00K
Receivables4.33M5.47M2.44M2.79M
OtherReceivables7.00K
DuefromRelatedPartiesCurrent223.00K0.00
TaxesReceivable501.00K415.00K224.00K188.00K
AccountsReceivable3.60M5.05M2.22M2.61M
AllowanceForDoubtfulAccountsReceivable-50.00K-50.00K-50.00K-50.00K
GrossAccountsReceivable3.65M5.10M2.27M2.66M
CashCashEquivalentsAndShortTermInvestments84.62M6.89M4.06M2.06M
CashAndCashEquivalents84.62M6.89M4.06M2.06M
CashEquivalents4.06M2.06M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-11.78M-6.06M147.00K-3.40M
RepaymentOfDebt-1.41M0.000.000.00
IssuanceOfDebt20.00M9.60M1.75M3.46M
IssuanceOfCapitalStock60.00M0.000.00
CapitalExpenditure-571.00K-3.02M-299.00K-36.00K
IncomeTaxPaidSupplementalData4.00K0.004.00K0.00
EndCashPosition84.62M6.89M4.06M2.06M
BeginningCashPosition6.89M4.06M2.06M1.83M
EffectOfExchangeRateChanges24.00K-21.00K96.00K170.00K
ChangesInCash77.70M2.86M1.90M64.00K
FinancingCashFlow89.48M8.92M1.75M3.46M
CashFlowFromContinuingFinancingActivities89.48M8.92M1.75M3.46M
NetOtherFinancingCharges-6.72M-680.00K
ProceedsFromStockOptionExercised17.61M0.000.00
NetCommonStockIssuance60.00M0.000.00
CommonStockIssuance60.00M0.000.00
NetIssuancePaymentsOfDebt18.59M9.60M1.75M3.46M
NetLongTermDebtIssuance18.59M9.60M1.75M3.46M
LongTermDebtPayments-1.41M0.000.000.00
LongTermDebtIssuance20.00M9.60M1.75M3.46M
InvestingCashFlow-571.00K-3.02M-299.00K-36.00K
CashFlowFromContinuingInvestingActivities-571.00K-3.02M-299.00K-36.00K
NetBusinessPurchaseAndSale0.000.00
SaleOfBusiness0.000.00
NetPPEPurchaseAndSale-571.00K-3.02M-299.00K-36.00K
PurchaseOfPPE-299.00K-36.00K
OperatingCashFlow-11.21M-3.04M446.00K-3.36M
CashFlowFromContinuingOperatingActivities-11.21M-3.04M446.00K-3.36M
ChangeInWorkingCapital5.34M125.00K-4.27M-709.00K
ChangeInOtherWorkingCapital-486.00K-995.00K-25.00K-126.00K
ChangeInOtherCurrentLiabilities145.00K-10.00K-31.00K-413.00K
ChangeInOtherCurrentAssets234.00K269.00K-773.00K176.00K
ChangeInPayablesAndAccruedExpense-341.00K1.38M1.52M752.00K
ChangeInAccruedExpense167.00K35.00K164.00K-54.00K
ChangeInInterestPayable167.00K35.00K164.00K-54.00K
ChangeInPayable-508.00K1.34M1.36M806.00K
ChangeInAccountPayable2.10M39.00K-521.00K522.00K
ChangeInTaxPayable0.00-45.00K44.00K3.00K
ChangeInIncomeTaxPayable0.00-45.00K44.00K3.00K
ChangeInInventory4.34M2.32M-5.35M-698.00K
ChangeInReceivables1.45M-2.83M387.00K-400.00K
ChangesInAccountReceivables1.45M-2.83M387.00K-400.00K
OtherNonCashItems1.70M842.00K1.24M167.00K
StockBasedCompensation148.00K0.000.00
ProvisionandWriteOffofAssets0.000.00
AssetImpairmentCharge-524.00K-1.65M554.00K462.00K
DeferredTax3.08M225.00K-3.25M6.00K
DeferredIncomeTax3.08M225.00K-3.25M6.00K
DepreciationAmortizationDepletion630.00K570.00K408.00K1.54M
DepreciationAndAmortization630.00K570.00K408.00K1.54M
AmortizationCashFlow0.001.00K4.00K5.00K
AmortizationOfIntangibles0.001.00K4.00K5.00K
Depreciation630.00K569.00K404.00K1.53M
OperatingGainsLosses-378.00K112.00K-179.00K-440.00K
PensionAndEmployeeBenefitExpense-179.00K-440.00K
NetForeignCurrencyExchangeGainLoss-478.00K112.00K0.000.00
NetIncomeFromContinuingOperations-21.20M-3.27M5.77M-4.83M
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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