Symbols / LAES Stock $3.20 +5.26% SEALSQ Corp

Technology • Semiconductors • Switzerland • NMS
LAES (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Semiconductors
CEO Mr. Carlos Creus Moreira
Exch · Country NMS · Switzerland
Market Cap 712.88M
Enterprise Value 217.18M
Income -34.19M
Sales 18.25M
FCF (ttm) -10.69M
Book/sh 2.32
Cash/sh 2.15
Employees 185
Insider 10d —
IPO May 23, 2023
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -21.33
PEG —
P/S 39.06
P/B 1.38
P/C —
EV/EBITDA -5.78
EV/Sales 11.90
Quick Ratio 15.64
Current Ratio 15.92
Debt/Eq 1.73
LT Debt/Eq —
EPS (ttm) -0.24
EPS next Y -0.15
EPS Growth —
Revenue Growth 118.20%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-03-31
Earnings (prior) 2026-03-31
ROA -8.27%
ROE -12.71%
ROIC —
Gross Margin 50.06%
Oper. Margin -138.28%
Profit Margin -187.34%
Shs Outstand 222.77M
Shs Float 171.82M
Insider Own 2.69%
Instit Own 11.05%
Short Float 11.10%
Short Ratio 1.62
Short Interest 23.92M
52W High 8.71
vs 52W High -63.26%
52W Low 1.99
vs 52W Low 60.80%
Beta -8.27
Impl. Vol. 2.02%
Rel Volume 1.50
Avg Volume 13.98M
Volume 20.93M
Target (mean) $6.00
Tgt Median $6.00
Tgt Low $4.00
Tgt High $8.00
# Analysts 2
Recom None
Prev Close $3.04
Price $3.20
Change 5.26%
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, quantum-resistant RISC-V secure chips, secure ARM platform, and smart card reader chips; custom chip design services; and other PKI services, including personal digital identity services. The company also provides semiconductors secure chips, SaaS, software and INeS certificate management platform, implementation, integration and other services, and ASIC design and production services. Additionally, it develops WISeRobot.ch, a platform human and artificial intelligence collaboration. 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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.00
Mean price target
2. Current target
$3.20
Latest analyst target
3. DCF / Fair value
$-0.86
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.20
Low
$4.00
High
$8.00
Mean
$6.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-02 main Cantor Fitzgerald Overweight → Overweight $4
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
News
RSS: Latest LAES news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
18.25
+66.21%
10.98
-63.47%
30.06
+29.57%
23.20
Operating Revenue
18.25
+66.21%
10.98
-63.47%
30.06
+29.57%
23.20
Cost Of Revenue
9.62
+32.66%
7.25
-54.69%
16.01
+19.48%
13.40
Reconciled Cost Of Revenue
9.62
+32.66%
7.25
-54.69%
16.01
+19.48%
13.40
Gross Profit
8.63
+131.49%
3.73
-73.46%
14.05
+43.37%
9.80
Operating Expense
48.43
+131.53%
20.92
+15.00%
18.19
+152.08%
7.22
Research And Development
12.48
+150.29%
4.99
+26.33%
3.95
+70.97%
2.31
Selling General And Administration
38.56
+136.69%
16.29
+14.00%
14.29
+106.68%
6.92
Selling And Marketing Expense
12.77
+134.15%
5.45
-3.45%
5.65
+47.70%
3.82
General And Administrative Expense
25.80
+137.97%
10.84
+25.40%
8.64
+179.65%
3.09
Salaries And Wages
0.01
0.00
0.00
—
Other Gand A
25.79
+137.92%
10.84
+25.40%
8.64
+179.65%
3.09
Other Operating Expenses
-2.61
-626.18%
-0.36
-647.92%
-0.05
+97.61%
-2.01
Total Expenses
58.06
+106.08%
28.17
-17.62%
34.20
+65.89%
20.61
Operating Income
-39.80
-131.54%
-17.19
-315.14%
-4.14
-260.32%
2.58
Total Operating Income As Reported
-39.80
-131.51%
-17.19
-315.14%
-4.14
-260.32%
2.58
EBITDA
-33.79
-112.14%
-15.93
-972.01%
-1.49
-142.00%
3.54
Normalized EBITDA
-33.77
-109.21%
-16.14
-361.13%
-3.50
-216.89%
3.00
Reconciled Depreciation
0.19
-69.68%
0.63
+10.53%
0.57
+39.71%
0.41
EBIT
-33.98
-105.22%
-16.56
-705.45%
-2.06
-165.69%
3.13
Total Unusual Items
-0.02
-108.88%
0.21
-89.38%
2.02
+271.09%
0.54
Total Unusual Items Excluding Goodwill
-0.02
-108.88%
0.21
-89.38%
2.02
+271.09%
0.54
Special Income Charges
0.00
+100.00%
-0.10
-104.56%
2.19
0.00
Other Special Charges
—
0.10
—
—
Write Off
0.00
0.00
+100.00%
-2.19
0.00
Net Income
-34.19
-61.28%
-21.20
-548.75%
-3.27
-156.64%
5.77
Pretax Income
-34.21
-88.83%
-18.12
-495.33%
-3.04
-220.51%
2.52
Net Non Operating Interest Income Expense
5.60
+597.25%
-1.13
-24.70%
-0.90
-51.26%
-0.60
Interest Expense Non Operating
0.22
-85.67%
1.56
+57.65%
0.99
+63.14%
0.60
Net Interest Income
5.60
+597.25%
-1.13
-24.70%
-0.90
-51.26%
-0.60
Interest Expense
0.22
-85.67%
1.56
+57.65%
0.99
+63.14%
0.60
Interest Income Non Operating
6.15
+774.40%
0.70
+698.86%
0.09
+877.78%
0.01
Interest Income
6.15
+774.40%
0.70
+698.86%
0.09
+877.78%
0.01
Other Income Expense
-0.00
-101.49%
0.20
-89.96%
2.00
+271.24%
0.54
Other Non Operating Income Expenses
0.02
+223.08%
-0.01
+7.14%
-0.01
-250.00%
-0.00
Gain On Sale Of Security
-0.02
-106.05%
0.31
+278.41%
-0.18
-132.41%
0.54
Tax Provision
-0.16
-105.25%
3.08
+1271.11%
0.23
+106.93%
-3.25
Tax Rate For Calcs
0.00
-94.43%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-0.00
-100.49%
0.02
-89.38%
0.17
+271.09%
0.05
Net Income Including Noncontrolling Interests
-34.19
-61.28%
-21.20
-548.75%
-3.27
-156.64%
5.77
Net Income From Continuing Operation Net Minority Interest
-34.19
-61.28%
-21.20
-548.75%
-3.27
-156.64%
5.77
Net Income From Continuing And Discontinued Operation
-34.19
-61.28%
-21.20
-548.75%
-3.27
-156.64%
5.77
Net Income Continuous Operations
-34.19
-61.28%
-21.20
-548.75%
-3.27
-156.64%
5.77
Normalized Income
-34.18
-59.72%
-21.40
-318.58%
-5.11
-196.94%
5.27
Net Income Common Stockholders
-34.19
-61.28%
-21.20
-548.75%
-3.27
-156.64%
5.77
Diluted EPS
-0.24
+60.00%
-0.60
-185.71%
-0.21
-155.07%
0.38
Basic EPS
-0.24
+60.00%
-0.60
-185.71%
-0.21
-155.07%
0.38
Basic Average Shares
135.03
+386.60%
27.75
+255.77%
7.80
-48.45%
15.13
Diluted Average Shares
135.03
+386.60%
27.75
+255.77%
7.80
-48.45%
15.13
Diluted NI Availto Com Stockholders
-34.19
-61.28%
-21.20
-548.75%
-3.27
-156.64%
5.77
Earnings From Equity Interest Net Of Tax
-0.15
0.00
0.00
—
Total Other Finance Cost
0.33
+19.05%
0.27
+6725.00%
0.00
+300.00%
0.00
Line Item Trend 2023-12-31
Total Assets
27.93
Current Assets
20.27
Cash Cash Equivalents And Short Term Investments
6.89
Cash And Cash Equivalents
6.89
Cash Equivalents
—
Other Short Term Investments
—
Receivables
5.47
Accounts Receivable
5.05
Gross Accounts Receivable
5.10
Allowance For Doubtful Accounts Receivable
-0.05
Other Receivables
—
Taxes Receivable
0.41
Inventory
5.23
Raw Materials
1.02
Work In Process
4.21
Finished Goods
0.00
Prepaid Assets
0.95
Current Deferred Assets
1.72
Other Current Assets
—
Total Non Current Assets
7.67
Net PPE
4.51
Gross PPE
17.58
Accumulated Depreciation
-13.08
Properties
—
Buildings And Improvements
—
Machinery Furniture Equipment
16.31
Other Properties
1.28
Goodwill And Other Intangible Assets
0.00
Goodwill
—
Other Intangible Assets
—
Investments And Advances
—
Long Term Equity Investment
—
Non Current Deferred Assets
3.08
Non Current Deferred Taxes Assets
3.08
Non Current Prepaid Assets
0.08
Other Non Current Assets
0.08
Total Liabilities Net Minority Interest
22.90
Current Liabilities
8.72
Payables And Accrued Expenses
6.98
Payables
6.98
Accounts Payable
3.30
Other Payable
1.14
Current Accrued Expenses
—
Employee Benefits
0.43
Pensionand Other Post Retirement Benefit Plans Current
—
Total Tax Payable
0.01
Income Tax Payable
0.00
Current Debt And Capital Lease Obligation
1.61
Current Debt
1.28
Other Current Borrowings
1.28
Current Capital Lease Obligation
0.34
Current Deferred Liabilities
0.12
Current Deferred Revenue
0.12
Other Current Liabilities
—
Total Non Current Liabilities Net Minority Interest
14.19
Long Term Debt And Capital Lease Obligation
13.76
Long Term Debt
12.87
Long Term Capital Lease Obligation
0.89
Non Current Pension And Other Postretirement Benefit Plans
0.43
Non Current Deferred Liabilities
—
Non Current Deferred Taxes Liabilities
—
Other Non Current Liabilities
—
Stockholders Equity
5.03
Common Stock Equity
5.03
Capital Stock
0.23
Common Stock
0.23
Share Issued
16.95
Ordinary Shares Number
16.95
Treasury Shares Number
0.00
Additional Paid In Capital
24.73
Retained Earnings
-20.71
Gains Losses Not Affecting Retained Earnings
0.78
Other Equity Adjustments
0.78
Total Equity Gross Minority Interest
5.03
Total Capitalization
17.90
Working Capital
11.55
Invested Capital
19.18
Total Debt
15.38
Net Debt
7.25
Capital Lease Obligations
1.23
Net Tangible Assets
5.03
Tangible Book Value
5.03
Available For Sale Securities
—
Current Deferred Taxes Assets
1.72
Current Notes Payable
1.28
Duefrom Related Parties Current
0.00
Dueto Related Parties Current
2.53
Interest Payable
—
Investmentin Financial Assets
—
Investmentsin Associatesat Cost
—
Non Current Note Receivables
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-31.26
-208.74%
-10.12
-268.82%
-2.75
-715.47%
0.45
Cash Flow From Continuing Operating Activities
-31.26
-208.74%
-10.12
-268.82%
-2.75
-715.47%
0.45
Net Income From Continuing Operations
-34.19
-61.28%
-21.20
-548.75%
-3.27
-156.64%
5.77
Depreciation Amortization Depletion
0.19
-69.68%
0.63
+10.53%
0.57
+39.71%
0.41
Depreciation
-1.33
-311.43%
0.63
+10.72%
0.57
+40.84%
0.40
Amortization Cash Flow
1.52
0.00
-100.00%
0.00
-75.00%
0.00
Depreciation And Amortization
0.19
-69.68%
0.63
+10.53%
0.57
+39.71%
0.41
Amortization Of Intangibles
1.52
0.00
-100.00%
0.00
-75.00%
0.00
Other Non Cash Items
0.37
-78.16%
1.70
+101.78%
0.84
-31.93%
1.24
Pension And Employee Benefit Expense
—
—
—
-0.18
Stock Based Compensation
11.26
+7508.78%
0.15
0.00
0.00
Provisionand Write Offof Assets
—
—
—
0.00
Asset Impairment Charge
0.51
+196.56%
-0.52
+68.17%
-1.65
-397.11%
0.55
Deferred Tax
-0.17
-105.45%
3.08
+1269.33%
0.23
+106.92%
-3.25
Deferred Income Tax
-0.17
-105.45%
3.08
+1269.33%
0.23
+106.92%
-3.25
Operating Gains Losses
-0.36
+3.44%
-0.38
-437.50%
0.11
+162.57%
-0.18
Net Foreign Currency Exchange Gain Loss
-0.36
+23.64%
-0.48
-526.79%
0.11
0.00
Change In Working Capital
-8.86
-237.97%
6.42
+1428.81%
0.42
+109.83%
-4.27
Change In Receivables
0.69
-52.58%
1.45
+151.20%
-2.83
-832.30%
0.39
Changes In Account Receivables
0.69
-52.58%
1.45
+151.20%
-2.83
-832.30%
0.39
Change In Inventory
-1.10
-125.39%
4.34
+87.02%
2.32
+143.31%
-5.35
Change In Payables And Accrued Expense
-7.48
-2094.43%
-0.34
-124.78%
1.38
-9.65%
1.52
Change In Accrued Expense
-0.32
-291.02%
0.17
+377.14%
0.04
-78.66%
0.16
Change In Payable
-7.16
-1310.24%
-0.51
-137.88%
1.34
-1.32%
1.36
Change In Account Payable
4.56
+117.05%
2.10
+5284.62%
0.04
+107.49%
-0.52
Change In Other Working Capital
0.49
+201.85%
-0.49
+51.16%
-0.99
-3880.00%
-0.03
Change In Other Current Assets
-3.10
-1424.79%
0.23
-13.01%
0.27
+134.80%
-0.77
Change In Other Current Liabilities
1.64
+33.93%
1.23
+330.18%
0.28
+1019.35%
-0.03
Investing Cash Flow
-35.31
-6084.24%
-0.57
+81.10%
-3.02
-910.37%
-0.30
Cash Flow From Continuing Investing Activities
-35.31
-6084.24%
-0.57
+81.10%
-3.02
-910.37%
-0.30
Net PPE Purchase And Sale
-0.74
-30.12%
-0.57
+81.10%
-3.02
-910.37%
-0.30
Purchase Of PPE
—
—
—
-0.30
Capital Expenditure
-1.24
-117.69%
-0.57
+81.10%
-3.02
-910.37%
-0.30
Net Investment Purchase And Sale
-22.42
0.00
0.00
—
Purchase Of Investment
-22.42
0.00
0.00
—
Net Business Purchase And Sale
-11.55
0.00
0.00
0.00
Purchase Of Business
-10.55
0.00
0.00
—
Net Intangibles Purchase And Sale
-0.50
0.00
0.00
—
Net Other Investing Changes
-0.10
—
—
—
Financing Cash Flow
399.52
+351.94%
88.40
+924.93%
8.62
+392.86%
1.75
Cash Flow From Continuing Financing Activities
399.52
+351.94%
88.40
+924.93%
8.62
+392.86%
1.75
Net Issuance Payments Of Debt
-5.13
-127.57%
18.59
+93.68%
9.60
+448.57%
1.75
Issuance Of Debt
0.00
-100.00%
20.00
+108.33%
9.60
+448.57%
1.75
Repayment Of Debt
-5.13
-264.39%
-1.41
0.00
0.00
Long Term Debt Issuance
0.00
-100.00%
20.00
+108.33%
9.60
+448.57%
1.75
Long Term Debt Payments
-5.13
-264.39%
-1.41
0.00
0.00
Net Long Term Debt Issuance
-5.13
-127.57%
18.59
+93.68%
9.60
+448.57%
1.75
Net Common Stock Issuance
429.27
+615.44%
60.00
0.00
0.00
Proceeds From Stock Option Exercised
7.40
-57.97%
17.61
0.00
0.00
Net Other Financing Charges
-32.02
-310.37%
-7.80
-700.31%
-0.97
—
Changes In Cash
332.95
+328.48%
77.70
+2617.91%
2.86
+50.71%
1.90
Effect Of Exchange Rate Changes
0.08
+245.83%
0.02
+214.29%
-0.02
-121.88%
0.10
Beginning Cash Position
84.62
+1127.32%
6.89
+69.95%
4.06
+96.56%
2.06
End Cash Position
417.66
+393.54%
84.62
+1127.32%
6.89
+69.95%
4.06
Free Cash Flow
-32.50
-203.88%
-10.70
-85.48%
-5.77
-4022.45%
0.15
Income Tax Paid Supplemental Data
—
0.00
0.00
-100.00%
0.00
Change In Income Tax Payable
0.00
0.00
+100.00%
-0.04
-202.27%
0.04
Change In Interest Payable
-0.32
-291.02%
0.17
+377.14%
0.04
-78.66%
0.16
Change In Tax Payable
0.00
0.00
+100.00%
-0.04
-202.27%
0.04
Common Stock Issuance
429.27
+615.44%
60.00
0.00
0.00
Issuance Of Capital Stock
429.27
+615.44%
60.00
0.00
0.00
Sale Of Business
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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