WKEY Earnings Prediction
The chart below shows how WKEY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WKEY sees a +0.00% change in stock price 10 days leading up to the earnings, and a +0.00% change 10 days following the report. On the earnings day itself, the stock moves by +0.00%. This data can give you a slight idea of what to expect for the next quarter's release.
WKEY Key Earning Data
2024/Q4
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Quarter Over Quarter
Total Revenue
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Gross Margin
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Operating Margin
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Net Margin
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EPS
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No Data Available
WKEY Earnings Analysis
WISeKey International Holding Ltd Corporation (WKEY.O) Earnings Conference Call
Positive
Revenue Growth to $31 Million: 30% revenue growth to $31 million for full year 2023 compared to $24 million in 2022.
Gross Profit Improvement: Gross profit improved by $5 million to $15 million, achieving a profit margin of 48% for full year 2023.
Asset and Cash Position: Total assets reached $48 million with a healthy cash position of $50 million at the end of 2023.
North America Sales Dominance: 54% of net sales for 2023 came from North America, indicating strong market demand and expansion.
Order Backlog Stability: The company has a backlog of orders between $60 million and $100 million, ensuring future revenue stability.
Negative
Cash Position Decline: 1. Declining Cash Position: Cash and cash equivalents decreased from $50 million at the end of 2023 to $15 million by December 31, 2023, indicating a significant reduction in liquidity.
Net Loss Improvement: 2. Increased Net Loss: The net loss for the year was $15 million, which, despite being an improvement from a $29 million loss in 2022, still reflects ongoing financial challenges.
Projected Revenue Stagnation: 3. Revenue Stagnation Expected: Projected semiconductor revenue for 2024 is expected to stall at around $19 million to $20 million, down from the previous year's growth of 30% to $31 million.
Pre-Revenue Subsidiaries Status: 4. Pre-Revenue Status of Subsidiaries: WISeSat and WISe.ART remain pre-revenue, indicating that significant investments have yet to yield financial returns, with WISe.ART particularly noted as still needing to grow substantially to generate revenue.
Backlog Revenue Concerns: 5. Backlog Uncertainty: Although the backlog is reported between $60 million and $100 million, the reliance on existing customers to maintain orders raises concerns about future revenue stability amid market transitions.
