WISeKey International Reported Unaudited H1 FY23 Revenue $15.1M, An Increase Of 39% YoY; Semiconductor Revenue Grew 38%
Portfolio Pulse from Benzinga Newsdesk
WISeKey International reported unaudited H1 FY23 revenue of $15.1 million, a 39% YoY increase. The semiconductor revenue grew by 38% to $14.8 million, largely due to higher demand for semiconductors/IoT products.
July 24, 2023 | 6:17 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
WISeKey's H1 FY23 revenue increased by 39% YoY, driven by a 38% increase in semiconductor revenue due to higher demand for semiconductors/IoT products.
WISeKey's significant YoY revenue growth, particularly in the semiconductor sector, indicates strong performance and increased demand for its products. This positive financial report is likely to boost investor confidence and could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100