crocon media, April 28, 2023 — [msch] WISeKey, a leading global cybersecurity and IoT company, has reported its full-year 2022 audited consolidated financial results. The company achieved strong growth in revenue and gross profit, driven by the continued expansion of its cybersecurity and IoT offerings.
In 2022, WISeKey generated a total revenue of $67.6 million, representing a growth of 34% over the previous year. Gross profit for the year reached $44.8 million, up by 41% compared to the previous year. The company’s gross margin increased from 59.4% in 2021 to 66.3% in 2022, reflecting the increasing contribution from high-margin cybersecurity and IoT services.
During the year, WISeKey continued to expand its offerings and partnerships, further strengthening its position in the global cybersecurity and IoT market. The company launched its WISeID Mobile Authentication Solution and its WISeKey IoT Security Platform, which provide advanced security solutions for mobile devices and IoT applications.
Commenting on the results, WISeKey CEO Carlos Moreira said, “We are pleased with the strong growth and continued expansion of our cybersecurity and IoT offerings in 2022. Our focus on delivering advanced, high-margin security solutions has enabled us to achieve solid financial results and position ourselves for long-term success in the growing global cybersecurity and IoT market.”
WISeKey’s strong financial performance and growth outlook have generated positive attention from investors, and the company’s stock price has seen significant gains in recent months. With its strong financial position and growing portfolio of cybersecurity and IoT solutions, WISeKey is well-positioned to continue delivering value for its customers and shareholders in the years ahead.
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