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WISeKey International Reports Q1 Revenue Gain, Sees 'Strong' 2021

05/10/2021 10:30

02:28 PM EDT, 05/10/2021 (MT Newswires) -- WISeKey International (WKEY) Monday reported "unaudited" Q1 revenue of $4.7 million, up 7% year over year, including revenue from its 51% stake in German technology company arago.

Cash and restricted cash totaled $23 million at the quarter's end, the Swiss cybersecurity company said.

"The higher demand, increased backlog and several new customers are now positively impacting revenues and the company's forecast for 2021. In addition to the positive growth from the core WISeKey business, the recent acquisition of arago is expected to further improve our operational performance for 2021," Chief Executive Officer Carlos Moreira said.

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