{"success":true,"data":{"pressRelease":{"id":"157358","rtpr_id":"nGNEb7Zks2-20260930","ticker":"COLA","exchange":"NASDAQ","all_tickers":["COLA","GIW","LAES","SAIQ","WIHN"],"title":"REG-WISeKey Reports First Half 2026 Financial Results, Accelerates Quantum and Post-Quantum Strategy and Provides Outlook","author":"Globe Newswire","published_at":"2026-09-30T21:08:04.162Z","article_body":"WISeKey Reports First Half 2026 Financial Results, Accelerates Quantum and\nPost-Quantum Strategy and Provides Outlook\n\nSchedules Conference Call for Thursday, October 1 at 9:00am ET\n* H1 2026 Unaudited Revenue Up Approximately 116% to $11.4 Million\n* Approximately $495 Million in Cash and Restricted Cash at June 30, 2026\n* SEALSQ Commercial Pipeline Exceeds $225 Million Through 2029\n* FY 2026 Revenue Growth Guidance of 50% to 100% Reaffirmed\n* Shareholders Approved Redomiciliation; Direct Nasdaq and SIX Listing as\nWISeQey (WQEY) Expected in October\n* Strategic Progress Includes WISeSat and Quantisimo Transactions, Commercial\nQSOC Deployment, SEALQuantum Expansion and New Swiss Post-Quantum\nSemiconductor Center\nGENEVA, Switzerland – September 30, 2026 – Ad hoc announcement pursuant to\nArt. 53 LR - WISeKey International Holding Ltd (“WISeKey” or the\n“Company”) (SIX: WIHN; Nasdaq: WKEY), a global leader in cybersecurity,\ndigital identity, post-quantum semiconductors, quantum technologies and secure\nsatellite infrastructure, today announced its financial results for the six\nmonths ended June 30, 2026 (H1 2026) and provided an update on significant\nstrategic developments achieved since the beginning of the year.\n\nH1 2026 Financial Highlights\n* Revenue more than doubled: Revenue rose approximately 116% to approximately\n$11.4 million, from $5.3 million in H1 2025.\n* Gross profit increased 192% to $5.5 million, compared to gross profit of\n$1.9 million in H1 2025; gross margin expanded to approximately 48% from 35%\nin H1 2025.\n* Operating loss was $40.9 million, compared to operating loss of $27.3\nmillion in H1 2025.\n* Net loss was $36.4 million, compared to net loss of $22.3 million in H1\n2025.\n* Post-quantum pipeline above $100 million: The commercial pipeline as of\nSeptember 22, 2026, at subsidiary SEALSQ Corp (Nasdaq: LAES) (\"SEALSQ\")\nexceeds $225 million through 2029 and contains more than $100 million\nassociated with the Company’s Post-Quantum projects, including the QS7001\nand QVault TPM. It reflects rising demand as governments, enterprises and\ncritical infrastructure operators prepare to move to quantum-resistant\ncryptography. These figures represent management estimates and are subject to\nrisks such as conversion risk, customer validation, technical integration and\nother commercial risks.\n* Over $495 million in cash and restricted cash and minimal debt: At June 30,\n2026, the Group held approximately $495 million in cash and restricted cash\nand had minimal debt.\n* Funding the next phase of growth: This financial strength lets WISeKey keep\ninvesting in post-quantum semiconductor commercialization, quantum\ntechnologies, sovereign infrastructure and strategic acquisitions, with a\nlong-term investment horizon.\n* FY 2026 guidance reaffirmed: WISeKey expects FY 2026 revenue growth of 50%\nto 100% year over year.\nCarlos Moreira, Founder, Chairman and Chief Executive Officer of WISeKey,\nsaid: \"2026 is the year the technologies and investments we have built over\nmany years are coming together as one commercial ecosystem, and WISeKey is\nentering the most important commercialization phase in its history. First-half\nrevenue grew approximately 116%, and we ended June with approximately $495\nmillion in cash and restricted cash and minimal debt. That gives us a strong\nfinancial foundation to execute our strategy.\n\n“Our momentum continued into the third quarter. Shareholders approved our\nredomiciliation, which clears the way for a direct listing on Nasdaq. We\nadvanced the WISeSat and Quantisimo transactions, began commercializing our\nQuantum Spatial Orbital Cloud, and signed an agreement with the Canton of Jura\nto develop a sovereign post-quantum semiconductor center in Switzerland.\n\n\"Our priorities are now clear and measurable: convert the SEALSQ pipeline into\nrevenue, bring our post-quantum products into volume production, complete the\nWISeSat and Quantisimo transactions, and expand our sovereign semiconductor\ninfrastructure. Looking beyond 2026, we are building a group in which WISeKey,\nSEALSQ, WISeSat, and Quantisimo can each grow as focused businesses while\nremaining connected through one trusted infrastructure. From silicon to\nqubits, from identity to AI, and from Earth to space, our mission is\nunchanged: to provide the Root of Trust for the next generation of the digital\neconomy.\"\n\nSTRATEGIC DEVELOPMENTS\n\nWISeKey Redomiciliation and Planned Direct Nasdaq Structure\n\nWISeKey advanced its strategy to simplify its corporate structure and\nstrengthen its access to U.S. and international capital markets. On June 26,\n2026, WISeKey signed a merger agreement to move the domicile of its holding\ncompany from Switzerland to the British Virgin Islands. WISeKey's British\nVirgin Islands subsidiary, WISeQey Corp. (formerly known as WISeKey\nInternational Corp., \"WISeQey\") filed a registration statement on Form F-4\nwith the U.S. Securities and Exchange Commission on July 16, 2026, and the SEC\ndeclared it effective on July 31, 2026. At an Extraordinary General Meeting\nheld on September 9, 2026, shareholders approved the redomiciliation and the\nrelated merger agreement. On September 16, 2026, the subsidiary, which will\nbecome the Group's new parent company, changed its name to WISeQey Corp.\n\nThe redomiciliation is expected to take effect on October 1, 2026, with\nWISeQey ordinary shares expected to begin trading under the ticker “WQEY”\non or about October 5, 2026 on both the Nasdaq Global Market and the SIX Swiss\nExchange, which will remain the primary listing. The WISeQey ordinary shares\nwill trade directly on Nasdaq, replacing WISeKey's existing American\nDepositary Shares and providing the Group with a more streamlined U.S. capital\nmarkets presence while preserving its international footprint. WISeQey's\noperational headquarters and place of effective management will remain in\nSwitzerland, and the Group's businesses and operations are not expected to\nchange. Completion of the redomiciliation remains subject to the remaining\nclosing conditions and the applicable Swiss and British Virgin Islands\nprocedures.\n\nThis simplified structure, together with the planned independent listings of\nWISeSat and Quantisimo, is designed to give investors clearer visibility into\nthe value and performance of each of the Group's technology platforms.\n\nQuantisimo: Creating a Quantum Technology Pure-Play\n\nIn June 2026, WISeKey and SEALSQ established Quantisimo Corp. and executed a\nnon-binding Letter of Intent with GigCapital8 Corp. (Nasdaq: GIW) regarding a\npotential business combination designed to create a Nasdaq-listed quantum\ntechnology company. The initial transaction contemplated an enterprise value\nof approximately $575 million.\n\nQuantisimo is being designed to bring together selected technologies and\ninvestments developed through the SEALQuantum ecosystem, creating a vertically\nintegrated platform spanning quantum computing, photonics, quantum-secure\ninfrastructure and related technologies.\n\nThe proposed transaction remains subject to definitive agreements, regulatory\nreview, shareholder approvals and customary closing conditions. The Group is\ntargeting completion of the transaction during the first quarter of 2027,\nsubject to satisfaction of these conditions.\n\n SEALQUANTUM Sovereign Vertical Stack: Building the Root-to-Qubit Technology\nStack\n\nSEALSQ continued to execute its SEALQUANTUM Sovereign Vertical Stack\nstrategy, backed by a targeted allocation of up to $200 million of SEALSQ’s\ninternal capital resources. The strategy aims to build a sovereign, vertically\nintegrated quantum technology stack. It runs from the cryptographic Root of\nTrust and post-quantum semiconductors through photonics and quantum computing.\nKey milestones include:\n* SEALSQ completed its acquisition of Miraex SA in Switzerland, adding quantum\nphotonics interconnect technology.\n* SEALSQ invested approximately €15 million in Quobly in France as a lead\ninvestor in Quobly's €115 million Series A financing, and subsequently\nsigned a $5 million commercial agreement.\n* SEALSQ has invested a total of $7.0 million in EeroQ, a U.S.-based quantum\ncomputing company.\n* SEALSQ made a majority investment in Wecan Group, and WISeKey is working\nwith Wecan to develop and deploy the next generation of Wecan’s Co-Pilote\ncompliance solution, aiming to integrate post-quantum financial security\nsolutions for the global financial industry.\nThese assets complement the Group's in-house semiconductor, PKI and secure\ninfrastructure capabilities into an integrated architecture \"Root-to-Qubit.\n\nThe WISeKey Quantum RootKey ties these assets together. It extends the Root of\nTrust that WISeKey has operated under the OISTE Foundation governance model\nsince 1999 into the post-quantum and quantum computing era. WISeKey has begun\nintegrating the Quantum RootKey across the SEALQUANTUM Sovereign Vertical\nStack ecosystem, anchoring each asset to a common, quantum-resistant trust\nlayer that spans from chips to qubits.\n\nPost-Quantum Semiconductors Enter Commercialization Phase\n\nSEALSQ's semiconductor business remains the Group's technology foundation.\n* In 2026, SEALSQ reached several certification and security milestones for\nits QS7001 post-quantum secure element and QVault TPM product lines. QS7001\nreceived NIST SP 800-90B Entropy Source Validation, a required step toward\nFIPS 140-3 and Common Criteria EAL5+ certification. It also completed Common\nCriteria fault-injection and side-channel resistance testing for both the\nQS7001 and QVault product lines.\n* Engineering samples of the QVault TPM are now available to customers. \n* SEALSQ separately received NIST FIPS 140-3 Level 3 certification for its\nVaultIC408 secure element.\nWISeKey believes the shift to post-quantum cryptography required by regulators\nin the United States and Europe is creating a multi-year commercial\nopportunity for SEALSQ. The Group expects first revenues from its post-quantum\nproducts in Q4 2026, with larger contributions anticipated in 2027.\n\nAs of June 30, 2026, more than 150 customers and prospects were engaging with\nSEALSQ's post-quantum technologies, and more than 30 were actively evaluating\nor integrating QS7001 and QVault TPM.\n\nAs of September 22, 2026, SEALSQ's commercial pipeline exceeded $225 million\nthrough 2029, including more than $100 million tied to post-quantum projects.\nThe pipeline reflects management estimates of potential opportunities. Turning\nit into recognized revenue will depend on customer qualification,\ncertification, production schedules and other factors.\n\nWISeSat and the Quantum Spatial Orbital Cloud\n\nWISeSat continued progressing toward becoming an independently listed space\ntechnology company. Following the public filing of the Form F-4 registration\nstatement in June 2026 and effectiveness of such registration statement in\nAugust 2026 in connection with the proposed business combination with Columbus\nAcquisition Corp. (Nasdaq: COLA), WISeSat continued preparing for the\ntransaction and its intended Nasdaq listing under the ticker SAIQ, subject to\nshareholder approval, Nasdaq approval and other closing conditions.\n\nAt the International Space Summit in Paris in September 2026, WISeKey, SEALSQ\nand WISeSat presented the commercial Quantum Spatial Orbital Cloud\n(“QSOC”) initiative.\n\nQSOC is designed to combine WISeSat's satellite constellation with SEALSQ\npost-quantum semiconductors, PKI, quantum random-number generation and\nidentity technologies to establish secure and sovereign orbital\ninfrastructure.\n\nThe current roadmap contemplates progressive deployment of a constellation of\nup to 100 satellites through 2033, designed to provide secure communications,\nquantum-generated trust and post-quantum identity services to governments,\ndefense organizations, financial institutions, critical infrastructure and\nenterprises.\n\nWISeKey Joins the Hedera Council Network\n\nIn September 2026, WISeKey announced that it had joined the Hedera Council\nnetwork of strategic and community partners, further strengthening the\ntechnological foundation supporting its trusted machine-economy strategy.\n\nThe collaboration supports WISeKey's broader objective of combining trusted\ndigital identity, secure hardware, distributed-ledger infrastructure and\nmachine-to-machine transactions. This architecture is particularly relevant to\nSEALCOIN, where autonomous devices, AI agents, robots and satellites can be\nprovided with verifiable identities and mechanisms for trusted transactions.\n\nNew Swiss Post-Quantum Semiconductor and Cybersecurity Center\n\nOn September 21, 2026, WISeKey, SEALSQ and the Republic and Canton of Jura\nsigned a Memorandum of Understanding to work together on a Post-Quantum\nSemiconductor and Cybersecurity Center in the Canton of Jura, Switzerland. The\nproposed public-private initiative has an indicative investment of\napproximately CHF 40 million to CHF 60 million over six years.\n\nThe Center is intended to give Switzerland its own capabilities to design,\npersonalize, test and securely provision next-generation post-quantum\nsemiconductors, starting with SEALSQ's QS7001 Quantum Shield. The initiative\ntargets approximately 40 direct jobs within two years, 150 by Year 5 and more\nthan 250 by Year 8, and at least 60% of positions are expected to go to Canton\nresidents.\n\nThe Jura project builds on the model of Quantix Edge Security in Murcia,\nSpain, where WISeKey and SEALSQ are developing sovereign semiconductor design,\npersonalization and cybersecurity capabilities. Together, Murcia and Jura are\nintended to become key hubs in the WISeKey/SEALSQ Quantum Highway(TM), which\nlinks post-quantum semiconductor, quantum, cybersecurity and trusted\ninfrastructure capabilities across multiple regions.\n\nGeneva Quantum Center of Excellence\n\nWISeKey and SEALSQ are also establishing the Geneva Quantum Center of\nExcellence at the Group's new headquarters in Pont-Rouge.\n\nThe Center is designed as a physical convergence point for the Group's quantum\ncomputing, post-quantum cybersecurity, secure semiconductor, digital identity,\nsatellite, robotics and artificial-intelligence technologies.\n\nThe objective is to provide customers, governments, technology partners,\nregulators and investors with an end-to-end demonstration environment showing\nhow the different components of WISeKey's trusted technology ecosystem operate\ntogether.\n\nFY 2026 GUIDANCE AND OUTLOOK\n\nWISeKey's outlook statements are based on current expectations. The following\nstatements are forward-looking and actual results could differ materially\ndepending on market conditions and the factors set forth under \"Forward\nLooking Statements\" below.\n\nWISeKey reaffirms its FY 2026 revenue growth guidance of 50% to 100% compared\nwith FY 2025.\n\nThe Company expects growth during the remainder of 2026 and into 2027 to be\nsupported by several principal drivers:\n* Post-Quantum Semiconductor Commercialization. SEALSQ expects to transition\nits QS7001, QVault TPM and related post-quantum technologies from development,\ncertification and customer qualification toward commercial production.\n* ASIC and Semiconductor Services. The integration of IC'ALPS provides\nadditional ASIC design capabilities and engineering capacity, expanding the\nGroup's ability to participate in custom semiconductor and post-quantum design\nprograms.\n* Sovereign Semiconductor Infrastructure. The Quantix Edge project has\ndelivered the first revenues to the Group as the project advances with the\ndevelopment of a semiconductor design and personalization center in Murcia,\nSpain, while the proposed Jura project is intended to expand this sovereign\nsemiconductor infrastructure model into Switzerland.\n* Digital Identity and PKI. WISeID, INeS and related PKI services are expected\nto benefit from growing requirements for trusted identity across humans,\nmachines, AI agents and connected devices.\n* Machine-to-Machine Economy. SEALCOIN and its integration with WISeKey's\nidentity technologies, secure hardware and distributed-ledger infrastructure\nare intended to create new transactional applications for autonomous devices\nand AI agents.\n* Space and QSOC. WISeSat is progressing from satellite technology\ndemonstration toward commercial secure-space infrastructure through the QSOC\narchitecture.\n* Quantum Technologies.  SEALQUANTUM Sovereign Vertical Stack and the\nproposed Quantisimo platform are intended to consolidate and commercialize\ncomplementary capabilities across quantum computing, photonics, post-quantum\ncybersecurity and trusted infrastructure.\nSTRATEGIC OUTLOOK: 2027 AND BEYOND\n\nWISeKey is entering a new stage of its corporate development. The Group\nintends to further develop its specialized technology platforms, with clearer\naccountability, distinct market positioning and enhanced capital-markets\nvisibility. Building on its existing publicly traded platforms, WISeKey will\ncontinue to evaluate opportunities to unlock value through differentiated\nbusinesses focused on their respective markets and growth priorities.\n\nSubject to regulatory approvals, shareholder approvals, market conditions and\ncompletion of the related transactions, the future structure is expected to\ninclude:\n* WISeQey Corp. (Nasdaq and SIX: WQEY): The Group's parent company will be\nredomiciled in the British Virgin Islands, with ordinary shares expected to be\nlisted directly on the Nasdaq Global Market and a primary listing on the SIX\nSwiss Exchange. It will oversee the Group's Root of Trust, PKI and digital\nidentity businesses.\n* SEALSQ Corp (Nasdaq: LAES): The Group's post-quantum semiconductor platform,\ncovering the QS7001 secure element, the QVault TPM and the SEALQUANTUM\nSovereign Vertical Stack strategy.\n* WISeSat.Space Holdings Corp. (Nasdaq: SAIQ): The Group's secure satellite\nand space technology platform, planned to list on Nasdaq through a proposed\nbusiness combination with Columbus Acquisition Corp. (Nasdaq: COLA).\n* Quantisimo: A combination of selected technologies and investments developed\nthrough the SEALQUANTUM Sovereign Vertical Stack ecosystem, creating a\nvertically integrated platform spanning quantum computing, photonics,\nquantum-secure infrastructure and related technologies. This is planned to\nlist through a proposed business combination with GIGCapital8 Corp. (Nasdaq:\nGIW).\nThe objective is to provide each business with the operational focus,\nmanagement structure and access to capital required to pursue its respective\nmarket opportunity, while preserving technological integration through the\nWISeKey Root of Trust.\n\nConference Call\n\nThe Company will host a conference call to review its results on Thursday,\nOctober 1, 2026, at 9:00 am EDT (3:00 pm CEST). To join, please use the\nfollowing dial-in numbers:\n* Toll-Free Dial-In Number: 877-445-9755   \n* International Dial-In Number: 201-493-6744  \nThe webcast of the call can be accessed through the Investor Relations section\nof WISeKey’s website at www.wisekey.com or by clicking here\n(https://www.globenewswire.com/Tracker?data=rSkDYcCzlPY7sCB8LUkw70RRUaEM2s2dux5U6jNoztcBm7api4N8SKBnbAq5vH6q9k05KccmaBGOvDo5MPK_yZ8BtFx_2_ZUigbEioXPiRizmgOZUC0qX21iZgRicda9dBYFt0wbKIxImAHoujGgLQ==).\nAn archived version of the call will also be made available.\n\nUNAUDITED ADDITIONAL FINANCIAL & OPERATIONAL DATA\n\nUnaudited Condensed Consolidated Statements of Comprehensive Income/(Loss) [as\nreported]\n\n Unaudited 6 months ended June 30, \n USD'000 2026 2025 \n \n Net sales 11,434 5,293 \n Cost of sales (5,699) (3,173) \n Depreciation of production assets (257) (243) \n Gross profit 5,478 1,877 \n \n Other operating income 71 82 \n Research & development expenses (9,603) (5,792) \n Selling & marketing expenses (9,474) (7,393) \n General & administrative expenses (27,351) (16,090) \n Total operating expenses (46,357) (29,193) \n Operating loss (40,879) (27,316) \n \n Non-operating income 9,658 6,964 \n Interest and amortization of debt discount and expense (1) (88) \n Non-operating expenses (5,261) (1,846) \n Loss before income tax expense (36,483) (22,286) \n \n Income tax income / (expense) 302 (1) \n Equity in earnings of unconsolidated entities (229) - \n Net loss (36,410) (22,287) \n \n Less: Net loss attributable to noncontrolling interests (27,083) (17,835) \n Net loss attributable to WISeKey International Holding Ltd (9,327) (4,452) \n \n Earnings / (loss) per Class A Share (USD) \n Earnings / (loss) per Class A Share \n Basic (0.87) (0.53) \n Diluted (0.87) (0.53) \n \n Earnings / (loss) per Class A Share attributable to WISeKey International Holding Ltd \n Basic (0.22) (0.11) \n Diluted (0.22) (0.11) \n \n Earnings / (loss) per Class B Share (USD) \n Earnings / (loss) per Class B Share \n Basic (8.65) (5.32) \n Diluted (8.65) (5.32) \n \n Earnings / (loss) per Class B Share attributable to WISeKey International Holding Ltd \n Basic (2.22) (1.06) \n Diluted (2.22) (1.06) \n \n\n\n\n Other comprehensive income / (loss), net of tax: \n Foreign currency translation adjustments (550) 700 \n Unrealized gains on debt securities \n Unrealized holding gains arising during the period (1) 23 \n Defined benefit pension plans: \n Net gain arising during the period 160 95 \n Other comprehensive income / (loss) (391) 818 \n Comprehensive loss (36,801) (21,469) \n \n Other comprehensive income attributable to noncontrolling interests (416) 65 \n Other comprehensive income / (loss) attributable to WISeKey International Holding Ltd 25 753 \n \n Comprehensive loss attributable to noncontrolling interests (27,499) (17,770) \n Comprehensive loss attributable to WISeKey International Holding Ltd (9,302) (3,699) \n \n\nThe notes are an integral part of our consolidated financial statements.\n\nUnaudited Condensed Consolidated Balance Sheets [as reported]\n\n As of June 30, As of December 31, \n USD'000 2026 (unaudited) 2025 \n \n ASSETS \n Current assets \n Cash and cash equivalents 488,953 429,244 \n Restricted cash, current 6,311 4 \n Accounts receivable, net of allowance for credit losses 8,051 5,109 \n Inventories 2,101 2,012 \n Prepaid expenses, current 2,033 2,445 \n Investment, current 2,449 10,032 \n Government assistance 6,613 4,579 \n Other current assets 1,994 2,353 \n Total current assets 518,505 455,778 \n \n Noncurrent assets \n Notes receivable, noncurrent - 31 \n Deferred tax credits 4,492 2,364 \n Property, plant and equipment net of accumulated depreciation 5,042 3,804 \n Intangible and crypto assets, net of accumulated amortization 30,410 21,073 \n Operating lease right-of-use assets 5,975 6,366 \n Finance lease right-of-use assets 87 126 \n Goodwill 20,012 13,973 \n Available-for-sale debt securities, noncurrent 128 129 \n Equity securities, at cost 19,194 517 \n Investment in unconsolidated affiliates 4,262 7,857 \n Investment in SAFE 7,000 1,000 \n Prepaid expenses, noncurrent 828 1,114 \n Other noncurrent assets 443 455 \n Total noncurrent assets 97,873 58,809 \n TOTAL ASSETS 616,378 514,587 \n \n LIABILITIES \n Current Liabilities \n Accounts payable 26,966 19,207 \n Notes payable 613 748 \n Indebtedness to related parties, current 82 84 \n Convertible note payable, current 10 10 \n Deferred revenue, current 1,079 93 \n Current portion of obligations under operating lease liabilities 683 932 \n Current portion of obligations under finance lease liabilities 35 57 \n Income tax payable - 3 \n Other current liabilities 12,420 14,132 \n Total current liabilities 41,888 35,266 \n\n\n\n Noncurrent liabilities \n Bonds, mortgages and other long-term debt 724 1,047 \n Deferred revenue, noncurrent 1,076 13 \n Indebtedness to related parties, noncurrent 1,171 1,324 \n Operating lease liabilities, noncurrent 5,227 5,536 \n Finance lease liabilities, noncurrent 55 72 \n Deferred income tax liability 5,805 4,367 \n Employee benefit plan obligation 4,928 4,502 \n Other noncurrent liabilities 876 1,311 \n Total noncurrent liabilities 19,862 18,172 \n TOTAL LIABILITIES 61,750 53,438 \n \n Commitments and contingent liabilities \n \n SHAREHOLDERS' EQUITY \n Common stock - Class A 16 16 \n Par value - CHF 0.01 and CHF 0.01 \n Authorized - 2,000,880 and 2,000,880 shares \n Issued and outstanding - 1,600,880 and 1,600,880 shares \n Common stock - Class B 440 440 \n Par value - CHF 0.10 and CHF 0.10 \n Authorized - 8,281,180 and 8,281,180 \n Issued – 4,080,546 and 4,080,546 \n Outstanding - 4,024,038 and 4,024,038 \n Share subscription in progress - - \n Treasury stock, at cost (56,508 and 56,508 shares held) (502) (502) \n Additional paid-in capital 351,740 343,015 \n Accumulated other comprehensive income / (loss) 3,451 3,426 \n Accumulated deficit (309,806) (300,479) \n Total shareholders' equity attributable to WISeKey shareholders 45,339 45,916 \n Noncontrolling interests in consolidated subsidiaries 509,289 415,233 \n Total shareholders' equity 554,628 461,149 \n TOTAL LIABILITIES AND EQUITY 616,378 514,587 \n\nThe notes are an integral part of our consolidated financial statements.\n\nAbout WISeKey\n\nWISeKey International Holding Ltd (“WISeKey”; SIX: WIHN; Nasdaq: WKEY) is\na Swiss-based holding company focused on post quantum cybersecurity, digital\nidentity, space technology and the Internet of Things (IoT). Its operating\nsubsidiaries and technology platforms address distinct parts of this\nportfolio:\n1. SEALSQ Corp (Nasdaq: LAES) develops secure semiconductors, public key\ninfrastructure (PKI) and post-quantum security products.\n2. WISeSat AG develops space technology and secure satellite communications,\nparticularly for IoT applications.\n3. WISeID provides digital identity, authentication, secure access and digital\nsigning for individuals, enterprises and connected devices.\n4. WISe.ART Corp operates the WISe.ART marketplace, which uses blockchain\ntechnology to support trusted digital asset and NFT transactions.\n5. SEALCOIN AG develops decentralized physical infrastructure network (DePIN)\ntechnology and the SEALCOIN platform.\nEach subsidiary contributes to WISeKey’s mission of securing the internet\nwhile focusing on its respective areas of research and expertise. Their\ntechnologies seamlessly integrate into the comprehensive WISeKey platform.\nWISeKey secures digital identity ecosystems for individuals and objects using\nblockchain, AI, and IoT technologies. With over 1.6 billion microchips\ndeployed across various IoT sectors, WISeKey plays a vital role in securing\nthe Internet of Everything. Trusted by the OISTE/WISeKey cryptographic Root of\nTrust, WISeKey provides secure authentication and identification for IoT,\nblockchain, and AI applications. The WISeKey Root of Trust ensures the\nintegrity of online transactions between objects and people. For more\ninformation on WISeKey’s strategic direction and its subsidiary companies,\nplease visit www.wisekey.com.\n\nForward-Looking Statements\n\nThis communication contains forward-looking statements concerning WISeKey\nInternational Holding Ltd and/or its subsidiaries (collectively,\n“WISeKey,” “our” or “us”) and its businesses, including statements\nregarding: our anticipated revenue growth guidance for FY 2026 of 50% to 100%;\nour ability to convert our commercial pipeline into actual sales; the\ndevelopment, certification, production timing and market for post-quantum\ncryptography products, including the QS7001 secure element and QVault TPM; the\nexpected completion of the redomiciliation transaction and anticipated trading\nof WISeQey ordinary shares on Nasdaq and the SIX Swiss Exchange; the proposed\nbusiness combination between WISeSat and Columbus Acquisition Corp. and\nrelated Nasdaq listing; the proposed business combination between Quantisimo\nand GigCapital8 Corp. and related Nasdaq listing; the SEALQUANTUM Sovereign\nVertical Stack strategy and investments, including in Miraex, Quobly, EeroQ\nand Wecan Group; the Quantum Spatial Orbital Cloud initiative and planned\nsatellite constellation deployment; the proposed Post-Quantum Semiconductor\nand Cybersecurity Center in the Canton of Jura, Switzerland; the Quantix Edge\nproject in Murcia, Spain; the Geneva Quantum Center of Excellence; the\nSEALCOIN platform and machine-to-machine transactional infrastructure; the\nsufficiency of cash to meet liquidity needs; and our ability to attract and\nretain customers. Forward-looking statements can be identified by terms such\nas “anticipate,” “believe,” “estimate,” “expect,”\n“intend,” “may,” “plan,” “project,” “will,” “target,”\n“guidance,” “outlook” and similar expressions.\n\nThese statements involve known and unknown risks, uncertainties and other\nfactors that could cause WISeKey’s actual results, financial condition,\nperformance or achievements to differ materially from any future results,\nperformance or achievements expressed or implied by such forward-looking\nstatements. These factors include: our ability to convert our pipeline into\nactual sales; the ability to realize WISeKey’s anticipated growth strategies\nand profitability; the development of post-quantum cryptography products and\nthe potential market for such products; WISeKey’s plans for global customer\nbase expansion; the expansion of the WISeSat project and the QSOC initiative;\nthe timing and expected revenues from the commercial deployment of the QS7001\nsecure element and QVault TPM; the completion of the redomiciliation and the\nanticipated trading of WISeQey ordinary shares; the completion of the proposed\nWISeSat and Quantisimo business combinations and related Nasdaq listings; the\nexecution of the SEALQUANTUM Sovereign Vertical Stack strategy; the\nrealization of benefits from our investments in quantum and photonics\ncompanies; the development of sovereign semiconductor infrastructure in Jura\nand Murcia; the deployment of the QSOC satellite constellation; the\ncommercialization of SEALCOIN and related machine-to-machine transactional\napplications; the sufficiency of cash to meet liquidity needs; WISeKey’s\nability to attract and retain customers; changes in economic conditions;\nmarket demand and semiconductor industry conditions; and the risks discussed\nin WISeKey’s filings with the SEC. WISeKey is providing this communication\nas of this date and does not undertake to update any forward-looking\nstatements as a result of new information, future events or otherwise.\n\nStatements regarding our business pipeline are based on management’s current\nestimates of potential revenue opportunities and do not represent backlog or\ncontracted revenue. Pipeline conversion is subject to numerous factors\nincluding customer validation, technical integration requirements,\ncertification timelines, and market conditions. There can be no assurance that\npipeline opportunities will convert to actual sales or that such conversion\nwill occur within anticipated timeframes. The proposed redomiciliation,\nWISeSat and Quantisimo transactions are subject to definitive agreements,\nregulatory review, shareholder approvals and customary closing conditions, and\nthere can be no assurance that such transactions will be completed on the\nanticipated timelines or at all. This press release does not constitute an\noffer to sell, or a solicitation of an offer to buy, any securities, and it\ndoes not constitute an offering prospectus within the meaning of the Swiss\nFinancial Services Act (“FinSA”), the FinSA’s predecessor legislation or\nadvertising within the meaning of the FinSA. Investors must rely on their own\nevaluation of WISeKey and its securities, including the merits and risks\ninvolved. Nothing contained herein is, or shall be relied on as, a promise or\nrepresentation as to the future performance of WISeKey. Given the risks and\nuncertainties described herein, you should not place undue reliance on\nforward-looking statements as a prediction of actual results.\n\nPress and Investor Contacts\n\n WISeKey International Holding Ltd Company Contact: Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@wisekey.com WISeKey Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 lena.cati@theequitygroup.com","article_body_html":"","raw_payload":{"data":{"id":"nGNEb7Zks2-20260930","title":"REG-WISeKey Reports First Half 2026 Financial Results, Accelerates Quantum and Post-Quantum Strategy and Provides Outlook","author":"Globe Newswire","ticker":"COLA","created":"2026-09-30T21:08:04.162Z","tickers":["COLA","GIW","LAES","SAIQ","WIHN"],"exchange":"NASDAQ","article_body":"WISeKey Reports First Half 2026 Financial Results, Accelerates Quantum and\nPost-Quantum Strategy and Provides Outlook\n\nSchedules Conference Call for Thursday, October 1 at 9:00am ET\n* H1 2026 Unaudited Revenue Up Approximately 116% to $11.4 Million\n* Approximately $495 Million in Cash and Restricted Cash at June 30, 2026\n* SEALSQ Commercial Pipeline Exceeds $225 Million Through 2029\n* FY 2026 Revenue Growth Guidance of 50% to 100% Reaffirmed\n* Shareholders Approved Redomiciliation; Direct Nasdaq and SIX Listing as\nWISeQey (WQEY) Expected in October\n* Strategic Progress Includes WISeSat and Quantisimo Transactions, Commercial\nQSOC Deployment, SEALQuantum Expansion and New Swiss Post-Quantum\nSemiconductor Center\nGENEVA, Switzerland – September 30, 2026 – Ad hoc announcement pursuant to\nArt. 53 LR - WISeKey International Holding Ltd (“WISeKey” or the\n“Company”) (SIX: WIHN; Nasdaq: WKEY), a global leader in cybersecurity,\ndigital identity, post-quantum semiconductors, quantum technologies and secure\nsatellite infrastructure, today announced its financial results for the six\nmonths ended June 30, 2026 (H1 2026) and provided an update on significant\nstrategic developments achieved since the beginning of the year.\n\nH1 2026 Financial Highlights\n* Revenue more than doubled: Revenue rose approximately 116% to approximately\n$11.4 million, from $5.3 million in H1 2025.\n* Gross profit increased 192% to $5.5 million, compared to gross profit of\n$1.9 million in H1 2025; gross margin expanded to approximately 48% from 35%\nin H1 2025.\n* Operating loss was $40.9 million, compared to operating loss of $27.3\nmillion in H1 2025.\n* Net loss was $36.4 million, compared to net loss of $22.3 million in H1\n2025.\n* Post-quantum pipeline above $100 million: The commercial pipeline as of\nSeptember 22, 2026, at subsidiary SEALSQ Corp (Nasdaq: LAES) (\"SEALSQ\")\nexceeds $225 million through 2029 and contains more than $100 million\nassociated with the Company’s Post-Quantum projects, including the QS7001\nand QVault TPM. It reflects rising demand as governments, enterprises and\ncritical infrastructure operators prepare to move to quantum-resistant\ncryptography. These figures represent management estimates and are subject to\nrisks such as conversion risk, customer validation, technical integration and\nother commercial risks.\n* Over $495 million in cash and restricted cash and minimal debt: At June 30,\n2026, the Group held approximately $495 million in cash and restricted cash\nand had minimal debt.\n* Funding the next phase of growth: This financial strength lets WISeKey keep\ninvesting in post-quantum semiconductor commercialization, quantum\ntechnologies, sovereign infrastructure and strategic acquisitions, with a\nlong-term investment horizon.\n* FY 2026 guidance reaffirmed: WISeKey expects FY 2026 revenue growth of 50%\nto 100% year over year.\nCarlos Moreira, Founder, Chairman and Chief Executive Officer of WISeKey,\nsaid: \"2026 is the year the technologies and investments we have built over\nmany years are coming together as one commercial ecosystem, and WISeKey is\nentering the most important commercialization phase in its history. First-half\nrevenue grew approximately 116%, and we ended June with approximately $495\nmillion in cash and restricted cash and minimal debt. That gives us a strong\nfinancial foundation to execute our strategy.\n\n“Our momentum continued into the third quarter. Shareholders approved our\nredomiciliation, which clears the way for a direct listing on Nasdaq. We\nadvanced the WISeSat and Quantisimo transactions, began commercializing our\nQuantum Spatial Orbital Cloud, and signed an agreement with the Canton of Jura\nto develop a sovereign post-quantum semiconductor center in Switzerland.\n\n\"Our priorities are now clear and measurable: convert the SEALSQ pipeline into\nrevenue, bring our post-quantum products into volume production, complete the\nWISeSat and Quantisimo transactions, and expand our sovereign semiconductor\ninfrastructure. Looking beyond 2026, we are building a group in which WISeKey,\nSEALSQ, WISeSat, and Quantisimo can each grow as focused businesses while\nremaining connected through one trusted infrastructure. From silicon to\nqubits, from identity to AI, and from Earth to space, our mission is\nunchanged: to provide the Root of Trust for the next generation of the digital\neconomy.\"\n\nSTRATEGIC DEVELOPMENTS\n\nWISeKey Redomiciliation and Planned Direct Nasdaq Structure\n\nWISeKey advanced its strategy to simplify its corporate structure and\nstrengthen its access to U.S. and international capital markets. On June 26,\n2026, WISeKey signed a merger agreement to move the domicile of its holding\ncompany from Switzerland to the British Virgin Islands. WISeKey's British\nVirgin Islands subsidiary, WISeQey Corp. (formerly known as WISeKey\nInternational Corp., \"WISeQey\") filed a registration statement on Form F-4\nwith the U.S. Securities and Exchange Commission on July 16, 2026, and the SEC\ndeclared it effective on July 31, 2026. At an Extraordinary General Meeting\nheld on September 9, 2026, shareholders approved the redomiciliation and the\nrelated merger agreement. On September 16, 2026, the subsidiary, which will\nbecome the Group's new parent company, changed its name to WISeQey Corp.\n\nThe redomiciliation is expected to take effect on October 1, 2026, with\nWISeQey ordinary shares expected to begin trading under the ticker “WQEY”\non or about October 5, 2026 on both the Nasdaq Global Market and the SIX Swiss\nExchange, which will remain the primary listing. The WISeQey ordinary shares\nwill trade directly on Nasdaq, replacing WISeKey's existing American\nDepositary Shares and providing the Group with a more streamlined U.S. capital\nmarkets presence while preserving its international footprint. WISeQey's\noperational headquarters and place of effective management will remain in\nSwitzerland, and the Group's businesses and operations are not expected to\nchange. Completion of the redomiciliation remains subject to the remaining\nclosing conditions and the applicable Swiss and British Virgin Islands\nprocedures.\n\nThis simplified structure, together with the planned independent listings of\nWISeSat and Quantisimo, is designed to give investors clearer visibility into\nthe value and performance of each of the Group's technology platforms.\n\nQuantisimo: Creating a Quantum Technology Pure-Play\n\nIn June 2026, WISeKey and SEALSQ established Quantisimo Corp. and executed a\nnon-binding Letter of Intent with GigCapital8 Corp. (Nasdaq: GIW) regarding a\npotential business combination designed to create a Nasdaq-listed quantum\ntechnology company. The initial transaction contemplated an enterprise value\nof approximately $575 million.\n\nQuantisimo is being designed to bring together selected technologies and\ninvestments developed through the SEALQuantum ecosystem, creating a vertically\nintegrated platform spanning quantum computing, photonics, quantum-secure\ninfrastructure and related technologies.\n\nThe proposed transaction remains subject to definitive agreements, regulatory\nreview, shareholder approvals and customary closing conditions. The Group is\ntargeting completion of the transaction during the first quarter of 2027,\nsubject to satisfaction of these conditions.\n\n SEALQUANTUM Sovereign Vertical Stack: Building the Root-to-Qubit Technology\nStack\n\nSEALSQ continued to execute its SEALQUANTUM Sovereign Vertical Stack\nstrategy, backed by a targeted allocation of up to $200 million of SEALSQ’s\ninternal capital resources. The strategy aims to build a sovereign, vertically\nintegrated quantum technology stack. It runs from the cryptographic Root of\nTrust and post-quantum semiconductors through photonics and quantum computing.\nKey milestones include:\n* SEALSQ completed its acquisition of Miraex SA in Switzerland, adding quantum\nphotonics interconnect technology.\n* SEALSQ invested approximately €15 million in Quobly in France as a lead\ninvestor in Quobly's €115 million Series A financing, and subsequently\nsigned a $5 million commercial agreement.\n* SEALSQ has invested a total of $7.0 million in EeroQ, a U.S.-based quantum\ncomputing company.\n* SEALSQ made a majority investment in Wecan Group, and WISeKey is working\nwith Wecan to develop and deploy the next generation of Wecan’s Co-Pilote\ncompliance solution, aiming to integrate post-quantum financial security\nsolutions for the global financial industry.\nThese assets complement the Group's in-house semiconductor, PKI and secure\ninfrastructure capabilities into an integrated architecture \"Root-to-Qubit.\n\nThe WISeKey Quantum RootKey ties these assets together. It extends the Root of\nTrust that WISeKey has operated under the OISTE Foundation governance model\nsince 1999 into the post-quantum and quantum computing era. WISeKey has begun\nintegrating the Quantum RootKey across the SEALQUANTUM Sovereign Vertical\nStack ecosystem, anchoring each asset to a common, quantum-resistant trust\nlayer that spans from chips to qubits.\n\nPost-Quantum Semiconductors Enter Commercialization Phase\n\nSEALSQ's semiconductor business remains the Group's technology foundation.\n* In 2026, SEALSQ reached several certification and security milestones for\nits QS7001 post-quantum secure element and QVault TPM product lines. QS7001\nreceived NIST SP 800-90B Entropy Source Validation, a required step toward\nFIPS 140-3 and Common Criteria EAL5+ certification. It also completed Common\nCriteria fault-injection and side-channel resistance testing for both the\nQS7001 and QVault product lines.\n* Engineering samples of the QVault TPM are now available to customers. \n* SEALSQ separately received NIST FIPS 140-3 Level 3 certification for its\nVaultIC408 secure element.\nWISeKey believes the shift to post-quantum cryptography required by regulators\nin the United States and Europe is creating a multi-year commercial\nopportunity for SEALSQ. The Group expects first revenues from its post-quantum\nproducts in Q4 2026, with larger contributions anticipated in 2027.\n\nAs of June 30, 2026, more than 150 customers and prospects were engaging with\nSEALSQ's post-quantum technologies, and more than 30 were actively evaluating\nor integrating QS7001 and QVault TPM.\n\nAs of September 22, 2026, SEALSQ's commercial pipeline exceeded $225 million\nthrough 2029, including more than $100 million tied to post-quantum projects.\nThe pipeline reflects management estimates of potential opportunities. Turning\nit into recognized revenue will depend on customer qualification,\ncertification, production schedules and other factors.\n\nWISeSat and the Quantum Spatial Orbital Cloud\n\nWISeSat continued progressing toward becoming an independently listed space\ntechnology company. Following the public filing of the Form F-4 registration\nstatement in June 2026 and effectiveness of such registration statement in\nAugust 2026 in connection with the proposed business combination with Columbus\nAcquisition Corp. (Nasdaq: COLA), WISeSat continued preparing for the\ntransaction and its intended Nasdaq listing under the ticker SAIQ, subject to\nshareholder approval, Nasdaq approval and other closing conditions.\n\nAt the International Space Summit in Paris in September 2026, WISeKey, SEALSQ\nand WISeSat presented the commercial Quantum Spatial Orbital Cloud\n(“QSOC”) initiative.\n\nQSOC is designed to combine WISeSat's satellite constellation with SEALSQ\npost-quantum semiconductors, PKI, quantum random-number generation and\nidentity technologies to establish secure and sovereign orbital\ninfrastructure.\n\nThe current roadmap contemplates progressive deployment of a constellation of\nup to 100 satellites through 2033, designed to provide secure communications,\nquantum-generated trust and post-quantum identity services to governments,\ndefense organizations, financial institutions, critical infrastructure and\nenterprises.\n\nWISeKey Joins the Hedera Council Network\n\nIn September 2026, WISeKey announced that it had joined the Hedera Council\nnetwork of strategic and community partners, further strengthening the\ntechnological foundation supporting its trusted machine-economy strategy.\n\nThe collaboration supports WISeKey's broader objective of combining trusted\ndigital identity, secure hardware, distributed-ledger infrastructure and\nmachine-to-machine transactions. This architecture is particularly relevant to\nSEALCOIN, where autonomous devices, AI agents, robots and satellites can be\nprovided with verifiable identities and mechanisms for trusted transactions.\n\nNew Swiss Post-Quantum Semiconductor and Cybersecurity Center\n\nOn September 21, 2026, WISeKey, SEALSQ and the Republic and Canton of Jura\nsigned a Memorandum of Understanding to work together on a Post-Quantum\nSemiconductor and Cybersecurity Center in the Canton of Jura, Switzerland. The\nproposed public-private initiative has an indicative investment of\napproximately CHF 40 million to CHF 60 million over six years.\n\nThe Center is intended to give Switzerland its own capabilities to design,\npersonalize, test and securely provision next-generation post-quantum\nsemiconductors, starting with SEALSQ's QS7001 Quantum Shield. The initiative\ntargets approximately 40 direct jobs within two years, 150 by Year 5 and more\nthan 250 by Year 8, and at least 60% of positions are expected to go to Canton\nresidents.\n\nThe Jura project builds on the model of Quantix Edge Security in Murcia,\nSpain, where WISeKey and SEALSQ are developing sovereign semiconductor design,\npersonalization and cybersecurity capabilities. Together, Murcia and Jura are\nintended to become key hubs in the WISeKey/SEALSQ Quantum Highway(TM), which\nlinks post-quantum semiconductor, quantum, cybersecurity and trusted\ninfrastructure capabilities across multiple regions.\n\nGeneva Quantum Center of Excellence\n\nWISeKey and SEALSQ are also establishing the Geneva Quantum Center of\nExcellence at the Group's new headquarters in Pont-Rouge.\n\nThe Center is designed as a physical convergence point for the Group's quantum\ncomputing, post-quantum cybersecurity, secure semiconductor, digital identity,\nsatellite, robotics and artificial-intelligence technologies.\n\nThe objective is to provide customers, governments, technology partners,\nregulators and investors with an end-to-end demonstration environment showing\nhow the different components of WISeKey's trusted technology ecosystem operate\ntogether.\n\nFY 2026 GUIDANCE AND OUTLOOK\n\nWISeKey's outlook statements are based on current expectations. The following\nstatements are forward-looking and actual results could differ materially\ndepending on market conditions and the factors set forth under \"Forward\nLooking Statements\" below.\n\nWISeKey reaffirms its FY 2026 revenue growth guidance of 50% to 100% compared\nwith FY 2025.\n\nThe Company expects growth during the remainder of 2026 and into 2027 to be\nsupported by several principal drivers:\n* Post-Quantum Semiconductor Commercialization. SEALSQ expects to transition\nits QS7001, QVault TPM and related post-quantum technologies from development,\ncertification and customer qualification toward commercial production.\n* ASIC and Semiconductor Services. The integration of IC'ALPS provides\nadditional ASIC design capabilities and engineering capacity, expanding the\nGroup's ability to participate in custom semiconductor and post-quantum design\nprograms.\n* Sovereign Semiconductor Infrastructure. The Quantix Edge project has\ndelivered the first revenues to the Group as the project advances with the\ndevelopment of a semiconductor design and personalization center in Murcia,\nSpain, while the proposed Jura project is intended to expand this sovereign\nsemiconductor infrastructure model into Switzerland.\n* Digital Identity and PKI. WISeID, INeS and related PKI services are expected\nto benefit from growing requirements for trusted identity across humans,\nmachines, AI agents and connected devices.\n* Machine-to-Machine Economy. SEALCOIN and its integration with WISeKey's\nidentity technologies, secure hardware and distributed-ledger infrastructure\nare intended to create new transactional applications for autonomous devices\nand AI agents.\n* Space and QSOC. WISeSat is progressing from satellite technology\ndemonstration toward commercial secure-space infrastructure through the QSOC\narchitecture.\n* Quantum Technologies.  SEALQUANTUM Sovereign Vertical Stack and the\nproposed Quantisimo platform are intended to consolidate and commercialize\ncomplementary capabilities across quantum computing, photonics, post-quantum\ncybersecurity and trusted infrastructure.\nSTRATEGIC OUTLOOK: 2027 AND BEYOND\n\nWISeKey is entering a new stage of its corporate development. The Group\nintends to further develop its specialized technology platforms, with clearer\naccountability, distinct market positioning and enhanced capital-markets\nvisibility. Building on its existing publicly traded platforms, WISeKey will\ncontinue to evaluate opportunities to unlock value through differentiated\nbusinesses focused on their respective markets and growth priorities.\n\nSubject to regulatory approvals, shareholder approvals, market conditions and\ncompletion of the related transactions, the future structure is expected to\ninclude:\n* WISeQey Corp. (Nasdaq and SIX: WQEY): The Group's parent company will be\nredomiciled in the British Virgin Islands, with ordinary shares expected to be\nlisted directly on the Nasdaq Global Market and a primary listing on the SIX\nSwiss Exchange. It will oversee the Group's Root of Trust, PKI and digital\nidentity businesses.\n* SEALSQ Corp (Nasdaq: LAES): The Group's post-quantum semiconductor platform,\ncovering the QS7001 secure element, the QVault TPM and the SEALQUANTUM\nSovereign Vertical Stack strategy.\n* WISeSat.Space Holdings Corp. (Nasdaq: SAIQ): The Group's secure satellite\nand space technology platform, planned to list on Nasdaq through a proposed\nbusiness combination with Columbus Acquisition Corp. (Nasdaq: COLA).\n* Quantisimo: A combination of selected technologies and investments developed\nthrough the SEALQUANTUM Sovereign Vertical Stack ecosystem, creating a\nvertically integrated platform spanning quantum computing, photonics,\nquantum-secure infrastructure and related technologies. This is planned to\nlist through a proposed business combination with GIGCapital8 Corp. (Nasdaq:\nGIW).\nThe objective is to provide each business with the operational focus,\nmanagement structure and access to capital required to pursue its respective\nmarket opportunity, while preserving technological integration through the\nWISeKey Root of Trust.\n\nConference Call\n\nThe Company will host a conference call to review its results on Thursday,\nOctober 1, 2026, at 9:00 am EDT (3:00 pm CEST). To join, please use the\nfollowing dial-in numbers:\n* Toll-Free Dial-In Number: 877-445-9755   \n* International Dial-In Number: 201-493-6744  \nThe webcast of the call can be accessed through the Investor Relations section\nof WISeKey’s website at www.wisekey.com or by clicking here\n(https://www.globenewswire.com/Tracker?data=rSkDYcCzlPY7sCB8LUkw70RRUaEM2s2dux5U6jNoztcBm7api4N8SKBnbAq5vH6q9k05KccmaBGOvDo5MPK_yZ8BtFx_2_ZUigbEioXPiRizmgOZUC0qX21iZgRicda9dBYFt0wbKIxImAHoujGgLQ==).\nAn archived version of the call will also be made available.\n\nUNAUDITED ADDITIONAL FINANCIAL & OPERATIONAL DATA\n\nUnaudited Condensed Consolidated Statements of Comprehensive Income/(Loss) [as\nreported]\n\n Unaudited 6 months ended June 30, \n USD'000 2026 2025 \n \n Net sales 11,434 5,293 \n Cost of sales (5,699) (3,173) \n Depreciation of production assets (257) (243) \n Gross profit 5,478 1,877 \n \n Other operating income 71 82 \n Research & development expenses (9,603) (5,792) \n Selling & marketing expenses (9,474) (7,393) \n General & administrative expenses (27,351) (16,090) \n Total operating expenses (46,357) (29,193) \n Operating loss (40,879) (27,316) \n \n Non-operating income 9,658 6,964 \n Interest and amortization of debt discount and expense (1) (88) \n Non-operating expenses (5,261) (1,846) \n Loss before income tax expense (36,483) (22,286) \n \n Income tax income / (expense) 302 (1) \n Equity in earnings of unconsolidated entities (229) - \n Net loss (36,410) (22,287) \n \n Less: Net loss attributable to noncontrolling interests (27,083) (17,835) \n Net loss attributable to WISeKey International Holding Ltd (9,327) (4,452) \n \n Earnings / (loss) per Class A Share (USD) \n Earnings / (loss) per Class A Share \n Basic (0.87) (0.53) \n Diluted (0.87) (0.53) \n \n Earnings / (loss) per Class A Share attributable to WISeKey International Holding Ltd \n Basic (0.22) (0.11) \n Diluted (0.22) (0.11) \n \n Earnings / (loss) per Class B Share (USD) \n Earnings / (loss) per Class B Share \n Basic (8.65) (5.32) \n Diluted (8.65) (5.32) \n \n Earnings / (loss) per Class B Share attributable to WISeKey International Holding Ltd \n Basic (2.22) (1.06) \n Diluted (2.22) (1.06) \n \n\n\n\n Other comprehensive income / (loss), net of tax: \n Foreign currency translation adjustments (550) 700 \n Unrealized gains on debt securities \n Unrealized holding gains arising during the period (1) 23 \n Defined benefit pension plans: \n Net gain arising during the period 160 95 \n Other comprehensive income / (loss) (391) 818 \n Comprehensive loss (36,801) (21,469) \n \n Other comprehensive income attributable to noncontrolling interests (416) 65 \n Other comprehensive income / (loss) attributable to WISeKey International Holding Ltd 25 753 \n \n Comprehensive loss attributable to noncontrolling interests (27,499) (17,770) \n Comprehensive loss attributable to WISeKey International Holding Ltd (9,302) (3,699) \n \n\nThe notes are an integral part of our consolidated financial statements.\n\nUnaudited Condensed Consolidated Balance Sheets [as reported]\n\n As of June 30, As of December 31, \n USD'000 2026 (unaudited) 2025 \n \n ASSETS \n Current assets \n Cash and cash equivalents 488,953 429,244 \n Restricted cash, current 6,311 4 \n Accounts receivable, net of allowance for credit losses 8,051 5,109 \n Inventories 2,101 2,012 \n Prepaid expenses, current 2,033 2,445 \n Investment, current 2,449 10,032 \n Government assistance 6,613 4,579 \n Other current assets 1,994 2,353 \n Total current assets 518,505 455,778 \n \n Noncurrent assets \n Notes receivable, noncurrent - 31 \n Deferred tax credits 4,492 2,364 \n Property, plant and equipment net of accumulated depreciation 5,042 3,804 \n Intangible and crypto assets, net of accumulated amortization 30,410 21,073 \n Operating lease right-of-use assets 5,975 6,366 \n Finance lease right-of-use assets 87 126 \n Goodwill 20,012 13,973 \n Available-for-sale debt securities, noncurrent 128 129 \n Equity securities, at cost 19,194 517 \n Investment in unconsolidated affiliates 4,262 7,857 \n Investment in SAFE 7,000 1,000 \n Prepaid expenses, noncurrent 828 1,114 \n Other noncurrent assets 443 455 \n Total noncurrent assets 97,873 58,809 \n TOTAL ASSETS 616,378 514,587 \n \n LIABILITIES \n Current Liabilities \n Accounts payable 26,966 19,207 \n Notes payable 613 748 \n Indebtedness to related parties, current 82 84 \n Convertible note payable, current 10 10 \n Deferred revenue, current 1,079 93 \n Current portion of obligations under operating lease liabilities 683 932 \n Current portion of obligations under finance lease liabilities 35 57 \n Income tax payable - 3 \n Other current liabilities 12,420 14,132 \n Total current liabilities 41,888 35,266 \n\n\n\n Noncurrent liabilities \n Bonds, mortgages and other long-term debt 724 1,047 \n Deferred revenue, noncurrent 1,076 13 \n Indebtedness to related parties, noncurrent 1,171 1,324 \n Operating lease liabilities, noncurrent 5,227 5,536 \n Finance lease liabilities, noncurrent 55 72 \n Deferred income tax liability 5,805 4,367 \n Employee benefit plan obligation 4,928 4,502 \n Other noncurrent liabilities 876 1,311 \n Total noncurrent liabilities 19,862 18,172 \n TOTAL LIABILITIES 61,750 53,438 \n \n Commitments and contingent liabilities \n \n SHAREHOLDERS' EQUITY \n Common stock - Class A 16 16 \n Par value - CHF 0.01 and CHF 0.01 \n Authorized - 2,000,880 and 2,000,880 shares \n Issued and outstanding - 1,600,880 and 1,600,880 shares \n Common stock - Class B 440 440 \n Par value - CHF 0.10 and CHF 0.10 \n Authorized - 8,281,180 and 8,281,180 \n Issued – 4,080,546 and 4,080,546 \n Outstanding - 4,024,038 and 4,024,038 \n Share subscription in progress - - \n Treasury stock, at cost (56,508 and 56,508 shares held) (502) (502) \n Additional paid-in capital 351,740 343,015 \n Accumulated other comprehensive income / (loss) 3,451 3,426 \n Accumulated deficit (309,806) (300,479) \n Total shareholders' equity attributable to WISeKey shareholders 45,339 45,916 \n Noncontrolling interests in consolidated subsidiaries 509,289 415,233 \n Total shareholders' equity 554,628 461,149 \n TOTAL LIABILITIES AND EQUITY 616,378 514,587 \n\nThe notes are an integral part of our consolidated financial statements.\n\nAbout WISeKey\n\nWISeKey International Holding Ltd (“WISeKey”; SIX: WIHN; Nasdaq: WKEY) is\na Swiss-based holding company focused on post quantum cybersecurity, digital\nidentity, space technology and the Internet of Things (IoT). Its operating\nsubsidiaries and technology platforms address distinct parts of this\nportfolio:\n1. SEALSQ Corp (Nasdaq: LAES) develops secure semiconductors, public key\ninfrastructure (PKI) and post-quantum security products.\n2. WISeSat AG develops space technology and secure satellite communications,\nparticularly for IoT applications.\n3. WISeID provides digital identity, authentication, secure access and digital\nsigning for individuals, enterprises and connected devices.\n4. WISe.ART Corp operates the WISe.ART marketplace, which uses blockchain\ntechnology to support trusted digital asset and NFT transactions.\n5. SEALCOIN AG develops decentralized physical infrastructure network (DePIN)\ntechnology and the SEALCOIN platform.\nEach subsidiary contributes to WISeKey’s mission of securing the internet\nwhile focusing on its respective areas of research and expertise. Their\ntechnologies seamlessly integrate into the comprehensive WISeKey platform.\nWISeKey secures digital identity ecosystems for individuals and objects using\nblockchain, AI, and IoT technologies. With over 1.6 billion microchips\ndeployed across various IoT sectors, WISeKey plays a vital role in securing\nthe Internet of Everything. Trusted by the OISTE/WISeKey cryptographic Root of\nTrust, WISeKey provides secure authentication and identification for IoT,\nblockchain, and AI applications. The WISeKey Root of Trust ensures the\nintegrity of online transactions between objects and people. For more\ninformation on WISeKey’s strategic direction and its subsidiary companies,\nplease visit www.wisekey.com.\n\nForward-Looking Statements\n\nThis communication contains forward-looking statements concerning WISeKey\nInternational Holding Ltd and/or its subsidiaries (collectively,\n“WISeKey,” “our” or “us”) and its businesses, including statements\nregarding: our anticipated revenue growth guidance for FY 2026 of 50% to 100%;\nour ability to convert our commercial pipeline into actual sales; the\ndevelopment, certification, production timing and market for post-quantum\ncryptography products, including the QS7001 secure element and QVault TPM; the\nexpected completion of the redomiciliation transaction and anticipated trading\nof WISeQey ordinary shares on Nasdaq and the SIX Swiss Exchange; the proposed\nbusiness combination between WISeSat and Columbus Acquisition Corp. and\nrelated Nasdaq listing; the proposed business combination between Quantisimo\nand GigCapital8 Corp. and related Nasdaq listing; the SEALQUANTUM Sovereign\nVertical Stack strategy and investments, including in Miraex, Quobly, EeroQ\nand Wecan Group; the Quantum Spatial Orbital Cloud initiative and planned\nsatellite constellation deployment; the proposed Post-Quantum Semiconductor\nand Cybersecurity Center in the Canton of Jura, Switzerland; the Quantix Edge\nproject in Murcia, Spain; the Geneva Quantum Center of Excellence; the\nSEALCOIN platform and machine-to-machine transactional infrastructure; the\nsufficiency of cash to meet liquidity needs; and our ability to attract and\nretain customers. Forward-looking statements can be identified by terms such\nas “anticipate,” “believe,” “estimate,” “expect,”\n“intend,” “may,” “plan,” “project,” “will,” “target,”\n“guidance,” “outlook” and similar expressions.\n\nThese statements involve known and unknown risks, uncertainties and other\nfactors that could cause WISeKey’s actual results, financial condition,\nperformance or achievements to differ materially from any future results,\nperformance or achievements expressed or implied by such forward-looking\nstatements. These factors include: our ability to convert our pipeline into\nactual sales; the ability to realize WISeKey’s anticipated growth strategies\nand profitability; the development of post-quantum cryptography products and\nthe potential market for such products; WISeKey’s plans for global customer\nbase expansion; the expansion of the WISeSat project and the QSOC initiative;\nthe timing and expected revenues from the commercial deployment of the QS7001\nsecure element and QVault TPM; the completion of the redomiciliation and the\nanticipated trading of WISeQey ordinary shares; the completion of the proposed\nWISeSat and Quantisimo business combinations and related Nasdaq listings; the\nexecution of the SEALQUANTUM Sovereign Vertical Stack strategy; the\nrealization of benefits from our investments in quantum and photonics\ncompanies; the development of sovereign semiconductor infrastructure in Jura\nand Murcia; the deployment of the QSOC satellite constellation; the\ncommercialization of SEALCOIN and related machine-to-machine transactional\napplications; the sufficiency of cash to meet liquidity needs; WISeKey’s\nability to attract and retain customers; changes in economic conditions;\nmarket demand and semiconductor industry conditions; and the risks discussed\nin WISeKey’s filings with the SEC. WISeKey is providing this communication\nas of this date and does not undertake to update any forward-looking\nstatements as a result of new information, future events or otherwise.\n\nStatements regarding our business pipeline are based on management’s current\nestimates of potential revenue opportunities and do not represent backlog or\ncontracted revenue. Pipeline conversion is subject to numerous factors\nincluding customer validation, technical integration requirements,\ncertification timelines, and market conditions. There can be no assurance that\npipeline opportunities will convert to actual sales or that such conversion\nwill occur within anticipated timeframes. The proposed redomiciliation,\nWISeSat and Quantisimo transactions are subject to definitive agreements,\nregulatory review, shareholder approvals and customary closing conditions, and\nthere can be no assurance that such transactions will be completed on the\nanticipated timelines or at all. This press release does not constitute an\noffer to sell, or a solicitation of an offer to buy, any securities, and it\ndoes not constitute an offering prospectus within the meaning of the Swiss\nFinancial Services Act (“FinSA”), the FinSA’s predecessor legislation or\nadvertising within the meaning of the FinSA. Investors must rely on their own\nevaluation of WISeKey and its securities, including the merits and risks\ninvolved. Nothing contained herein is, or shall be relied on as, a promise or\nrepresentation as to the future performance of WISeKey. Given the risks and\nuncertainties described herein, you should not place undue reliance on\nforward-looking statements as a prediction of actual results.\n\nPress and Investor Contacts\n\n WISeKey International Holding Ltd Company Contact: Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@wisekey.com WISeKey Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 lena.cati@theequitygroup.com"},"type":"article","timestamp":"2026-09-30T21:08:04.271901842Z","server_sent_at_ms":1790802484271},"received_at":"2026-09-30T21:08:04.521Z","source_url":null},"analysis":{"id":"146028","press_release_id":"157358","analysis_json":{"industry":null,"redFlags":["WISeSat/COLA business combination not yet closed; subject to shareholder, Nasdaq and regulatory approvals","WISeKey group posted H1 2026 operating loss of $40.9 million; net loss $36.4 million","SEALSQ $225M pipeline is a management estimate, not backlog or contracted revenue","Planned SAIQ ticker listing could shift attention from the COLA shell"],"eventType":"m_and_a","narrative":"WISeKey reported H1 2026 revenue of ~$11.4 million, up roughly 116% year-over-year, with FY2026 revenue growth guidance of 50-100% reaffirmed.\n\nFor Columbus Acquisition Corp (COLA), the relevant item is confirmation that its proposed business combination with WISeSat continues to progress, with WISeSat planning a Nasdaq listing under ticker SAIQ, subject to shareholder and Nasdaq approvals.\n\nWISeKey also disclosed ~$495 million in group cash, a $225M+ SEALSQ pipeline, a planned redomiciliation and direct Nasdaq/SIX listing as WISeQey (WQEY) in October, and a proposed $575 million Quantisimo combination with GigCapital8 (GIW).\n\nAll combination transactions remain subject to definitive agreements, regulatory review and closing conditions, with WISeSat/Quantisimo closings targeted around Q1 2027.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"WISeSat-to-COLA SPAC deal remains on track per WISeKey's H1 report, with SAIQ listing targeted as group spins out multiple Nasdaq vehicles."},"keyFigures":{"revenue":11434000,"guidance":"FY 2026 revenue growth of 50% to 100% reaffirmed","revenueYoy":"116%","customDimensions":{"net_loss":36410000,"gross_profit":5478000,"operating_loss":40879000,"sealsq_pipeline":225000000,"wiseseat_target_ticker":"SAIQ","cash_and_restricted_cash":495000000}},"quotedText":"the proposed business combination between WISeSat and Columbus Acquisition Corp. and related Nasdaq listing","namedEntities":{"people":[{"name":"Carlos Moreira","role":"Founder, Chairman and CEO of WISeKey"}],"products":["QS7001","QVault TPM","VaultIC408","Quantum Spatial Orbital Cloud (QSOC)","SEALCOIN","WISeID","IC'ALPS","Quantum RootKey"],"companies":[{"name":"WISeKey International Holding Ltd","ticker":"WKEY","relationship":"issuer of the release; parent of WISeSat"},{"name":"Columbus Acquisition Corp.","ticker":"COLA","relationship":"SPAC in proposed business combination with WISeSat (the filer)"},{"name":"SEALSQ Corp","ticker":"LAES","relationship":"subsidiary of WISeKey"},{"name":"GigCapital8 Corp.","ticker":"GIW","relationship":"SPAC partner for proposed Quantisimo combination"},{"name":"WISeSat.Space Holdings Corp.","relationship":"target in proposed combination with COLA; planned Nasdaq listing as SAIQ"},{"name":"WISeQey Corp.","relationship":"successor parent of WISeKey group, planned ticker WQEY"},{"name":"Quobly","relationship":"SEALSQ investment"},{"name":"EeroQ","relationship":"SEALSQ investment"},{"name":"Miraex SA","relationship":"acquired by SEALSQ"},{"name":"Wecan Group","relationship":"majority investment by SEALSQ"},{"name":"Hedera Council","relationship":"network WISeKey joined"}],"dollarAmounts":[{"amount":"$11.4 million","context":"H1 2026 revenue, up ~116% YoY"},{"amount":"$495 million","context":"cash and restricted cash at June 30, 2026"},{"amount":"$225 million","context":"SEALSQ commercial pipeline through 2029"},{"amount":"$575 million","context":"contemplated enterprise value of Quantisimo/GigCapital8 combination"},{"amount":"$200 million","context":"targeted SEALQUANTUM Sovereign Vertical Stack allocation"},{"amount":"€115 million","context":"Quobly Series A financing"},{"amount":"€15 million","context":"SEALSQ investment in Quobly"},{"amount":"$7.0 million","context":"SEALSQ investment in EeroQ"},{"amount":"$5 million","context":"commercial agreement signed with Quobly"},{"amount":"CHF 40 million to CHF 60 million","context":"indicative investment in Canton of Jura post-quantum semiconductor center"}]},"materialImpact":{"score":3,"reasoning":"The release is authored by WISeKey, but for the FILER (COLA) the key news is that its proposed business combination with WISeSat (to list as SAIQ) remains on track per WISeKey's H1 2026 earnings report. The SPAC itself discloses nothing new; materiality is moderate pending closing."},"tickerRelevance":{"others":[{"ticker":"WKEY","relevance":"author of the release; parent of WISeSat, COLA's merger counterparty"},{"ticker":"LAES","relevance":"subsidiary of WKEY"},{"ticker":"GIW","relevance":"other SPAC in WISeKey group's Quantisimo transaction"}],"primary":"COLA"},"globalImportance":30,"audienceRelevance":20,"eventTypeSecondary":["earnings","ticker_change"],"importanceComponents":{"tickerTier":"small-cap SPAC","dealGravity":"WISeSat/Quantisimo spin-off combinations pending","eventGravity":"subsidiary earnings + SPAC deal progress update","issuerAuthored":false}},"event_type":"m_and_a","event_type_secondary":["earnings","ticker_change"],"sentiment":"bullish","material_impact_score":3,"narrative":"WISeKey reported H1 2026 revenue of ~$11.4 million, up roughly 116% year-over-year, with FY2026 revenue growth guidance of 50-100% reaffirmed.\n\nFor Columbus Acquisition Corp (COLA), the relevant item is confirmation that its proposed business combination with WISeSat continues to progress, with WISeSat planning a Nasdaq listing under ticker SAIQ, subject to shareholder and Nasdaq approvals.\n\nWISeKey also disclosed ~$495 million in group cash, a $225M+ SEALSQ pipeline, a planned redomiciliation and direct Nasdaq/SIX listing as WISeQey (WQEY) in October, and a proposed $575 million Quantisimo combination with GigCapital8 (GIW).\n\nAll combination transactions remain subject to definitive agreements, regulatory review and closing conditions, with WISeSat/Quantisimo closings targeted around Q1 2027.","key_figures":{"revenue":11434000,"guidance":"FY 2026 revenue growth of 50% to 100% reaffirmed","revenueYoy":"116%","customDimensions":{"net_loss":36410000,"gross_profit":5478000,"operating_loss":40879000,"sealsq_pipeline":225000000,"wiseseat_target_ticker":"SAIQ","cash_and_restricted_cash":495000000}},"named_entities":{"people":[{"name":"Carlos Moreira","role":"Founder, Chairman and CEO of WISeKey"}],"products":["QS7001","QVault TPM","VaultIC408","Quantum Spatial Orbital Cloud (QSOC)","SEALCOIN","WISeID","IC'ALPS","Quantum RootKey"],"companies":[{"name":"WISeKey International Holding Ltd","ticker":"WKEY","relationship":"issuer of the release; parent of WISeSat"},{"name":"Columbus Acquisition Corp.","ticker":"COLA","relationship":"SPAC in proposed business combination with WISeSat (the filer)"},{"name":"SEALSQ Corp","ticker":"LAES","relationship":"subsidiary of WISeKey"},{"name":"GigCapital8 Corp.","ticker":"GIW","relationship":"SPAC partner for proposed Quantisimo combination"},{"name":"WISeSat.Space Holdings Corp.","relationship":"target in proposed combination with COLA; planned Nasdaq listing as SAIQ"},{"name":"WISeQey Corp.","relationship":"successor parent of WISeKey group, planned ticker WQEY"},{"name":"Quobly","relationship":"SEALSQ investment"},{"name":"EeroQ","relationship":"SEALSQ investment"},{"name":"Miraex SA","relationship":"acquired by SEALSQ"},{"name":"Wecan Group","relationship":"majority investment by SEALSQ"},{"name":"Hedera Council","relationship":"network WISeKey joined"}],"dollarAmounts":[{"amount":"$11.4 million","context":"H1 2026 revenue, up ~116% YoY"},{"amount":"$495 million","context":"cash and restricted cash at June 30, 2026"},{"amount":"$225 million","context":"SEALSQ commercial pipeline through 2029"},{"amount":"$575 million","context":"contemplated enterprise value of Quantisimo/GigCapital8 combination"},{"amount":"$200 million","context":"targeted SEALQUANTUM Sovereign Vertical Stack allocation"},{"amount":"€115 million","context":"Quobly Series A financing"},{"amount":"€15 million","context":"SEALSQ investment in Quobly"},{"amount":"$7.0 million","context":"SEALSQ investment in EeroQ"},{"amount":"$5 million","context":"commercial agreement signed with Quobly"},{"amount":"CHF 40 million to CHF 60 million","context":"indicative investment in Canton of Jura post-quantum semiconductor center"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T21:08:14.758Z","global_importance":30,"audience_relevance":20,"importance_components":{"tickerTier":"small-cap SPAC","dealGravity":"WISeSat/Quantisimo spin-off combinations pending","eventGravity":"subsidiary earnings + SPAC deal progress update","issuerAuthored":false}},"durationMs":10195,"modelName":"glm-5.3-flashx"}}