SEALSQ Reports First Nine Months Unaudited Revenue Of $22.1M (+20.4% YoY); Raises FY23 Revenue Guidance To ~$30M Reflecting Growth Of 29% YoY, Exceeding Initial Expectations Of 20% Growth
Portfolio Pulse from Benzinga Newsdesk
SEALSQ has reported unaudited revenue of $22.1 million for the first nine months of 2023, a 20.4% YoY growth. The company has raised its FY23 revenue guidance to approximately $30 million, reflecting a 29% YoY growth, exceeding initial expectations of 20% growth. The growth is attributed to robust customer demand for semiconductors and Matter-related products, and an increase in market share.
November 03, 2023 | 6:25 am
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POSITIVE IMPACT
SEALSQ's reported revenue growth and raised FY23 revenue guidance indicate strong performance and positive market response to its products. This could potentially lead to a positive impact on its stock price in the short term.
SEALSQ's reported revenue growth and raised FY23 revenue guidance are strong indicators of the company's performance and the market's positive response to its products. This could potentially lead to increased investor confidence and a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100