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WISeKey International Holding Ltd. reported its audited consolidated financial results for full year 2022, with a 35% increase in revenue to $23.8 million, as compared to $17.6 million in FY 2021. Gross profit margin increased slightly to 42.4% from 42.2% in FY 2021, and cash and cash equivalents together with restricted cash remained strong at $20.7 million at December 31, 2022. The Company’s main focus was on the Internet of Things (IoT) and the development of its SEALSQ Semiconductors/Post Quantum offering, and it plans to channel its efforts towards developing new and advanced IoT solutions in 2023.
