SEALSQ Provides Business Update, Says As Of June 30, 2024, The Co's New Business Pipeline Stood At $71M, With A Cash Position Of $19M. Preliminary Unaudited Revenue Of $5M For H1 2024 Is Reflective Of The Expected Slowdown In Traditional Semiconductor Demand; Sees A Stronger H2 2024 And A Return To Growth In 2025
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SEALSQ Corp (NASDAQ: LAES) reports a new business pipeline of $71M and a cash position of $19M as of June 30, 2024. Preliminary unaudited revenue for H1 2024 is $5M, reflecting a slowdown in traditional semiconductor demand. The company anticipates a stronger H2 2024 and a return to growth in 2025.
July 03, 2024 | 12:49 pm
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SEALSQ Corp (NASDAQ: LAES) has reported a new business pipeline of $71M and a cash position of $19M as of June 30, 2024. Preliminary unaudited revenue for H1 2024 is $5M, reflecting a slowdown in traditional semiconductor demand. The company expects a stronger H2 2024 and a return to growth in 2025.
The company's strong cash position and robust new business pipeline indicate financial stability and potential for future growth. Despite the slowdown in H1 2024, the expectation of a stronger H2 2024 and growth in 2025 is likely to positively impact investor sentiment and the stock price in the short term.
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