WISeQey Corp 6-K, filed Sep 30, 2024

WISeQey Corp. (WSKEF)

6-K 2024-09-30 For: 2024-09-30

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Added on April 12, 2026

About this 6-K

WISeQey Corp filed this 6-K on September 30, 2024.

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Exhibit No.	Description

99.1	Press release issued on September 30, 2024.

99.2	Half-Year Report of WISeKey International Holding AG including Management’s Discussion and Analysis of Financial Condition and Results of Operations, issued on September 30, 2024.

Date: September 30, 2024	wisekey international holding ag

	By:	/s/ Carlos Moreira
		Name:	Carlos Moreira
		Title:	Chief Executive Officer

	By:	/s/ John O’Hara
		Name:	John O’Hara
		Title:	Chief Financial Officer

	Unaudited 6 months ended June 30,
USD'000	2024	2023

Net sales	5,174	15,107
Cost of sales	(3,834)	(6,924)
Depreciation of production assets	(228)	(84)
Gross profit	1,112	8,099

Other operating income	178	21
Research & development expenses	(2,942)	(2,151)
Selling & marketing expenses	(3,967)	(3,887)
General & administrative expenses	(8,518)	(7,968)
Total operating expenses	(15,249)	(13,985)
Operating loss	(14,137)	(5,886)

Non-operating income	1,129	598
Debt conversion expense	(21)	(484)
Interest and amortization of debt discount	(529)	(119)
Non-operating expenses	(584)	(896)
Loss before income tax expense	(14,142)	(6,787)

Income tax expense	(1,310)	(322)

Net loss	(15,452)	(7,109)

Less: Net loss attributable to noncontrolling interests	(5,982)	(141)
Net loss attributable to WISeKey International Holding AG	(9,470)	(6,968)

Earnings per Class A Share (USD)
Earnings per Class A Share
Basic	(0.45)	(0.25)
Diluted	(0.45)	(0.25)

Earning per Class A Share attributable to WISeKey International Holding Ltd
Basic	(0.27)	(0.24)
Diluted	(0.27)	(0.24)

Earnings per Class B Share (USD)
Earnings per Class B Share
Basic	(4.48)	(2.49)
Diluted	(4.48)	(2.49)

Earning per Class B Share attributable to WISeKey International Holding Ltd
Basic	(2.74)	(2.44)
Diluted	(2.74)	(2.44)


Other comprehensive income / (loss), net of tax:
Foreign currency translation adjustments	(515)	(1,118)
Defined benefit pension plans:
Net gain arising during the period	34	16
Other comprehensive loss	(481)	(1,102)
Comprehensive loss	(15,933)	(8,211)

Other comprehensive income / (loss) attributable to noncontrolling interests	45	(63)
Other comprehensive loss attributable to WISeKey International Holding AG	(526)	(1,039)

Comprehensive loss attributable to noncontrolling interests	(5,937)	(204)
Comprehensive loss attributable to WISeKey International Holding AG	(9,996)	(8,007)

	As at June 30,	As at December 31,
USD'000	2024 (unaudited)	2023 (unaudited)

ASSETS
Current assets
Cash and cash equivalents	26,293	15,311
Restricted cash, current	111	-
Accounts receivable, net of allowance for credit losses	2,041	5,471
Notes receivable from employees and related parties	53	63
Inventories	2,772	5,230
Prepaid expenses	1,669	1,290
Government assistance	1,826	1,718
Other current assets	759	1,008
Total current assets	35,524	30,091

Noncurrent assets
Deferred income tax assets	1,775	3,077
Deferred tax credits	104	15
Property, plant and equipment net of accumulated depreciation	3,115	3,392
Intangible assets, net of accumulated amortization	94	96
Operating lease right-of-use assets	1,781	2,052
Goodwill	8,317	8,317
Equity securities, at cost	471	486
Other noncurrent assets	263	275
Total noncurrent assets	15,920	17,710
TOTAL ASSETS	51,444	47,801

LIABILITIES
Current Liabilities
Accounts payable	12,492	12,863
Notes payable	4,160	4,164
Convertible note payable, current	49	190
Deferred revenue, current	100	217
Current portion of obligations under operating lease liabilities	630	638
Income tax payable	-	4
Other current liabilities	698	832
Total current liabilities	18,129	18,908

Noncurrent liabilities
Bonds, mortgages and other long-term debt	1,863	1,820
Convertible note payable, noncurrent	9,313	1,519
Deferred revenue, noncurrent	22	24
Operating lease liabilities, noncurrent	1,138	1,443
Employee benefit plan obligation	2,963	3,001
Other noncurrent liabilities	3	2
Total noncurrent liabilities	15,302	7,809
TOTAL LIABILITIES	33,431	26,717

Commitments and contingent liabilities

SHAREHOLDERS' EQUITY
Common stock - Class A	16	400
Par value: CHF 0.01 and CHF 0.25
Authorized - 2,000,880 and 2,000,880 shares
Issued and outstanding - 1,600,880 and 1,600,880 shares
Common stock - Class B	359	8,170
Par value: CHF 0.10 and CHF 2.50
Authorized - 6,194,267 and 6,194,267
Issued - 3,365,560 and 3,076,150
Outstanding - 3,292,180 and 2,954,097
Treasury stock, at cost (73,380 and 122,053 shares held)	(548)	(691)
Additional paid-in capital	323,973	295,716
Accumulated other comprehensive income / (loss)	3,515	4,041
Accumulated deficit	(290,431)	(280,961)
Total shareholders' equity attributable to WISeKey shareholders	36,884	26,675
Noncontrolling interests in consolidated subsidiaries	(18,871)	(5,591)
Total shareholders' equity	18,013	21,084
TOTAL LIABILITIES AND EQUITY	51,444	47,801