What's Going On With WISeKey Stock On Monday

  • WISeKey International Holding AG WKEY shares are trading higher Monday after it tweeted about its satellite discussions with SpaceX owner Elon Musk.
  • The cybersecurity firm tweeted about a discussion in Paris between WISeKey CEO Carlos Creus Moreira and Musk on launching more low-orbit Picco satellites leveraging SpaceX and incrementing the 13 satellites it already had in orbit.
  • In April, WISeKey reported FY22 revenue of $23.8 million, up by 35% year-on-year. 
  • The company saw an EPS loss of $(0.24). The gross profit margin was flattish at 42.4%.
  • Price Action: WKEY shares traded higher by 29.90% at $2.82 on the last check Monday.
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