- WISeKey International Holding Ltd WKEY reported 1H 2021 revenue growth of 24% year-on-year to $9.9 million.
- A new revenue stream from AI activities brought by acquiring a controlling interest in arago drove the growth.
- Revenue from EMEA rose 57.5% Y/Y to $4.67 million. Revenue from North America grew 9.5% Y/Y to $4.71 million.
- WISeKey's operating loss widened to $(11.2) million in the six months ended June 30, 2021, versus $(7.3) million last year.
- WISeKey's net loss narrowed to $(6.1) million in the six months ended June 30, 2021, against a $(8.9) million loss in the prior year.
- WISeKey held $38.6 million in cash and equivalents.
- Price Action: WKEY shares closed higher by 1.29% at $7.04 on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
