What's Going On With SEALSQ Shares Monday?

SEALSQ Corp. LAES stock traded lower on Monday after the company announced worse-than-expected preliminary earnings for the 2024 fiscal year.

What To Know: SEALSQ reported preliminary revenue of approximately $11 million, marking a significant decline from $30 million during the same period last year.

The company reported its cash reserve was approximately $85 million at the end of 2024, and has since grown to over $90 million in early 2025. Additionally, SEALSQ noted a year-over-year increase of about $1.4 million in its Research and Development (R&D) expenses.

The company attributed the increase in R&D expenses to its strategic investment in the development of its next-generation Quantum Resistant technology, such as the high costs of necessary certifications.

“2024 was a transformative year for SEALSQ, laying the foundation for long-term growth through strategic innovation and investment. While the industry-wide shift toward next-generation semiconductor technologies resulted in a temporary slowdown in revenue growth, we have positioned ourselves to capitalize on new opportunities,” said Carlos Moreira, CEO of SEALSQ.

The company’s plans for 2025 include scaling production for two new quantum-resistant chips set to launch, while also developing a new business line of post-quantum ASICs and IPs. In addition, SEALSQ is focused on expanding partnerships with governments and enterprises to enhance digital ecosystems and strengthen its cybersecurity offerings.

Lastly, the company stated that revenue is not expected to fully return to 2023 levels during 2025, but “SEALSQ remains on track for sustained long-term growth.” However, SEALSQ has secured $6.4 million in confirmed bookings for 2025, an 80% increase from 2024, and is targeting $93 million in potential contracts over the next three years.

LAES Price Action: SEALSQ shares closed 5.97% lower at $2.99, according to data from Benzinga Pro.

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Image: This illustration was generated using artificial intelligence via Midjourney.