WISeQey Corp. (WSKEF)
WISeQey Corp., a cybersecurity company, provides integrated security solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company designs, manufactures, distributes, and sells high-end, Common Criteria EAL5+ & FIPS 140-3-certified secure microprocessors, as well as offers digital certificates; software as a service solutions, including cloud-based certificate life-cycle-management, signing, and authentication solutions; software licenses; cloud-based certificates for authentication purposes; post-contract customer support for cybersecurity applications; software for certificates life-cycle management, and signing and authentication solutions through its INeS certificate management platform; and services to implement and integrate multi-element cybersecurity solutions of infrastructure services. It also develops, markets, hosts, and supports a range of solutions that enable secure digital identification of people, content, and objects by generating digital identities through its products and services in cybersecurity services, and internet of things that enable clients to monetize its existing user bases, as well as expand its eco-system. In addition, the company engages in financing, sales, and distribution activities; and provision of semiconductor secure chips. The company has a strategic partnership with the Swiss Space Command for the development of secure space communication systems. WISeQey Corp. was incorporated in 2015 and is based in Road Town, the British Virgin Islands.
Sector: Services-Computer Processing & Data Preparation
Industry: Information Technology Services
WISeQey Corp.
OTC:WSKEFTechnology · Information Technology Services
Mkt Cap-
Float6.93M
O/S7.21M
Inst Own-
SI<0.1%
Dilution
Financials Summary
Revenue$19.29M
Net Income-$6.07M
Total Assets$514.59M
Free Cash Flow-$33.1M
Debt & Equity
Debt 18%
Equity 82%
Total Debt$9.81M
Total Equity$45.92M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:50Reverse splitJun 30, 202350 shares → 1
Balance Sheet Details
Assets$514.59M
Liabilities$53.44M
Accounts Receivable$7.11M
Accounts Payable$4.99M
Inventory$2.01M
PP&E (Net)$10.3M
Goodwill$13.97M
Intangible Assets$21.07M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $19.29M | $11.88M | $30.92M | $23.81M | $17.65M | $14.78M | $22.65M | $34.28M | $43.08M | $10.96M | $2.29M |
| YoY Growth | 62.4% | -61.6% | 29.8% | 35.0% | 19.4% | -34.8% | -33.9% | -20.4% | 293.0% | 379.3% | - |
| Cost of Revenue | $10.05M | $7.58M | $16.17M | $13.4M | $13.17M | $9.31M | $13.2M | $18.32M | $22.39M | $6.54M | $820K |
| Gross Profit | $9.24M | $4.29M | $14.74M | $9.8M | $9.09M | $5.46M | $9.46M | $15.96M | $20.69M | $4.43M | $1.47M |
| Gross Margin | 47.9% | 36.2% | 47.7% | 41.1% | 51.5% | 37.0% | 41.7% | 46.6% | 48.0% | 40.4% | 64.1% |
| Research and Development | $14.88M | $7.03M | $4.4M | $2.31M | $7.01M | $6.01M | $6.42M | $5.31M | $7.39M | $1.44M | $645K |
| Selling, General, and Administrative | $42.27M | $24.87M | $23.81M | $6.92M | $28.95M | $18.03M | $23.72M | $20M | $28.34M | $39.28M | $7.35M |
| Other | -$224K | -$184K | -$167K | -$2.01M | -$183K | -$43K | -$180K | -$62K | -$2K | -$18K | $0 |
| Total Operating Expenses | $56.93M | $31.72M | $28.04M | $7.22M | $35.78M | $24M | $29.96M | $25.02M | $34.2M | $40.67M | $8M |
| Operating Income (EBIT) | -$47.69M | -$27.42M | -$13.3M | -$10.44M | -$21.16M | -$18.53M | -$20.5M | -$9.06M | -$13.51M | -$36.18M | -$6.53M |
| Operating Margin | -247.3% | -230.9% | -43.0% | -43.8% | -119.9% | -125.4% | -90.5% | -26.4% | -31.4% | -330.1% | -285.5% |
| Interest Expense | $224K | $2.15M | $1.33M | $815K | $2.11M | $1.14M | $1.77M | $394K | $1.68M | $1.48M | $23K |
| Interest Income | $6.13M | $832K | $90K | $14K | $9K | $16K | $76K | $0 | $33K | $28K | $7 |
| Other Income (Expense) | $9.38M | -$1.43M | -$1.92M | -$2.61M | -$2.3M | -$10.37M | -$2.51M | -$795K | -$2.19M | -$318K | $139K |
| Income Before Tax (EBT) | -$38.32M | -$28.86M | -$15.22M | -$13.04M | -$23.46M | -$28.9M | -$23.02M | -$9.86M | -$25.79M | -$36.5M | -$6.39M |
| Income Tax Expense | -$163K | $3.09M | $230K | -$3.25M | $13K | $9K | $13K | $53K | -$1.04M | -$16K | $300 |
| Net Income | -$6.07M | -$13.45M | -$15.36M | -$27.48M | -$20.34M | -$28.66M | $7.45M | -$16.28M | -$24.27M | -$35.93M | -$6.16M |
| Net Income Margin | -31.5% | -113.2% | -49.7% | -115.4% | -115.3% | -193.9% | 32.9% | -47.5% | -56.3% | -327.7% | -269.2% |
| Supplementary Data | |||||||||||
| EPS | -1.13 | -2.65 | -3.66 | -3.57 | -11.55 | -16.89 | 5.91 | -12.00 | -82.25 | -159.36 | -26.97 |
| Diluted EPS | -1.13 | -2.65 | -3.66 | -3.57 | -11.55 | -16.89 | 5.68 | -12.00 | -82.25 | -159.36 | -26.97 |
| Weighted Average OS | 5.62M | 4.92M | 4.48M | 2.09M | 2.09M | 1.71M | 1.44M | 1.36M | 1.18M | 914,956 | 3.79M |
| EBITDA | -$37.73M | -$26.28M | -$13.27M | -$12.93M | -$20.09M | -$17.19M | -$20.28M | -$5.98M | -$5.87M | -$34.99M | -$4.55M |
| EBITDA Margin | -195.6% | -221.3% | -42.9% | -54.3% | -113.8% | -116.3% | -89.5% | -17.4% | -13.6% | -319.2% | -198.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $429.24M | $90.6M | $15.31M | $20.71M | $34.25M | $19.65M | $12.12M | $9.15M | $12.21M | $5.22M | $262K |
| Short-Term Investments | $10.03M | $0 | $5K | $0 | $0 | $9.19M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $439.28M | $90.6M | $15.32M | $20.71M | $34.25M | $28.84M | $12.12M | $9.15M | $12.21M | $5.22M | $262K |
| Accounts Receivable | $7.11M | $7.01M | $6.19M | $2.99M | $2.75M | $2.57M | $5.23M | $7.6M | $3.87M | $7.36M | $427K |
| Inventory | $2.01M | $1.42M | $5.23M | $7.51M | $2.71M | $2.47M | $2.79M | $4.19M | $3.46M | $2.98M | $3K |
| Other Current Assets | $4.63M | $109K | $1.71M | $1.83M | $1.6M | $4.13M | $2.74M | $10.66M | $8.38M | $1.65M | $22K |
| Total Current Assets | $455.78M | $100.5M | $30.09M | $33.87M | $42.51M | $38.66M | $23.58M | $32.12M | $26.07M | $17.34M | $736K |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $10.3M | $4.78M | $5.44M | $2.16M | $4.46M | $3.75M | $4.87M | $2.37M | $3.97M | $3.41M | $17K |
| Goodwill | $13.97M | $8.32M | $8.32M | $8.32M | $30.84M | $8.32M | $8.32M | $8.32M | $16.5M | $8.32M | $0 |
| Intangible Assets | $21.07M | $96K | $96K | $98K | $9.19M | $9K | $600K | $1.13M | $15.1M | $2.12M | $22K |
| Long-Term Investments | $9.5M | $455K | $486K | $472M | $502K | $301K | $7.76M | $7.86M | $592K | $0 | $0 |
| Deferred Tax Assets | $2.36M | $250K | $3.09M | $3.99M | $854K | $1.31M | $2.49M | $2.55M | $4.77M | $0 | $0 |
| Other Long-Term Assets | $1.6M | $293K | $276K | -$480.34M | $448K | $528K | $2.28M | $24.11M | $154K | $2.44M | $57K |
| Total Long-Term Assets | $58.81M | $14.19M | $17.71M | $6.23M | $46.3M | $14.22M | $26.32M | $46.34M | $41.09M | $16.3M | $96K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $514.59M | $114.69M | $47.8M | $49.5M | $88.81M | $52.88M | $49.9M | $78.45M | $67.16M | $33.63M | $832K |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $4.99M | $3.69M | $3.57M | $5.21M | $5.84M | $4.61M | $5.48M | $7M | $7.02M | $6.31M | $958K |
| Short-Term Debt | $842K | $5.99M | $4.35M | $4.2M | $4.23M | $9.93M | $8.22M | $7.73M | $1.16M | $8.92M | $0 |
| Current Income Tax Payable | $7.28M | $585K | $4K | $47K | $236K | $452K | $782K | $522K | $983K | $88K | $80K |
| Current Unearned Revenue | $1.87M | $484K | $570K | $279K | $220K | $669K | $344K | $233K | $5.71M | $1.16M | $432K |
| Other Current Liabilities | $5.08M | $160K | $5.61M | $4.7M | $7.63M | $289K | $322K | $14.41M | $11.2M | $7.21M | $4.62M |
| Total Current Liabilities | $35.27M | $21.32M | $18.91M | $18.83M | $24.75M | $24.98M | $20.15M | $34.88M | $23.72M | $25.58M | $6.09M |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $2.37M | $1.49M | $3.34M | $3.12M | $9.51M | $4.36M | $0 | $23.94M | $20.43M | $0 | $0 |
| Long-Term Unearned Revenue | $13K | $21K | $24K | $23K | $100K | $19K | $10K | $9K | $2.71M | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $4.37M | $0 | $0 | $8K | $62K | $38K | $25K | $4K | $1.48M | $0 | $0 |
| Other Long-Term Liabilities | $5.81M | $3.88M | $3M | $1.77M | $10.54M | $7.1M | $6.88M | $15.65M | $6.69M | $6.14M | $2.96M |
| Total Long-Term Liabilities | $18.17M | $6.24M | $7.81M | $6.64M | $22.67M | $13.48M | $9.31M | $39.6M | $29.83M | $6.14M | $2.96M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $53.44M | $27.56M | $26.72M | $25.47M | $47.43M | $38.45M | $29.46M | $74.48M | $53.55M | $31.72M | $9.05M |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.88M | $0 | $0 |
| Common Stock | $456K | $375K | $8.57M | $5.73M | $5.08M | $2.89M | $1.88M | $1.87M | $1.66M | $1.16M | $794K |
| Retained Earnings | -$300.48M | -$294.41M | -$280.96M | -$265.63M | -$238.16M | -$217.82M | -$189.16M | -$197.35M | -$180.55M | -$155.69M | -$119.77M |
| Comprehensive Income & Other | $3.43M | $3.15M | $4.04M | $5.93M | $1.41M | $6.94M | -$1.45M | $100K | -$650K | -$1.9M | $70K |
| Other Stockholders' Equity | $345.94M | $319.08M | $299.07M | $286.16M | $268.97M | $231.2M | $209.3M | $200.33M | $193.38M | $157.53M | $110.87M |
| Total Equity | $45.92M | $25.05M | $26.68M | $26.26M | $35.9M | $16.27M | $22.02M | $4.86M | $14.49M | $3M | -$8.11M |
| Minority Interest | $415.23M | $62.08M | -$5.59M | -$2.23M | $5.48M | -$1.84M | -$1.57M | -$883K | -$883K | -$1.08M | -$107K |
| Total Liabilities and Equity | $99.35M | $52.61M | $53.39M | $51.73M | $83.32M | $54.72M | $51.48M | $79.34M | $68.04M | $34.71M | $939K |
| Supplementary Data | |||||||||||
| Total Debt | $9.81M | $8.94M | $9.77M | $9.63M | $16.86M | $16.97M | $11.27M | $31.67M | $21.59M | $8.92M | $0 |
| Net Debt | -$419.43M | -$81.66M | -$5.54M | -$11.07M | -$12.19M | -$2.68M | -$852K | $22.52M | $9.38M | $3.7M | -$262K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | -$38.15M | -$31.94M | -$15.45M | -$29.25M | -$24.09M | -$28.91M | $7.45M | -$16.27M | -$24.75M | -$36.49M | -$6.39M |
| Depreciation & Amortization | $254K | $682K | $625K | $602K | $994K | $1.59M | $1.35M | $3.48M | $5.02M | $1.19M | $1.98M |
| Deferred Income Tax | -$2.28M | $1K | $222K | -$3.27M | -$131K | $9K | -$17K | -$152K | -$1.11M | -$21K | $0 |
| Stock-Based Compensation | $8.35M | $1.18M | $392K | $744K | $3.78M | $393K | $5.41M | $0 | $2.23M | $24.81M | $652K |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | $549K | $1.19M | -$2.9M | $227K | $115K | $1.09M | -$1.91M | -$5.62M | $2.89M | $6.18M | -$1.12M |
| Inventory | -$629K | $4.33M | $2.32M | -$5.35M | -$236K | $313K | $1.4M | -$722K | -$480K | $1.23M | $821 |
| Accounts Payable | $3.31M | $634K | -$538K | $137K | $2.06M | $2.39M | -$1.76M | -$126K | $1.51M | -$2.81M | $262K |
| Other Working Capital | -$705K | $22K | -$770K | -$352K | -$748K | $1.46M | $2.47M | $5.82M | $4.85M | -$4.08M | $252K |
| Total Working Capital Change | $2.53M | $6.18M | -$1.89M | -$5.34M | $1.19M | $5.25M | $197K | -$650K | $8.77M | $513K | -$609K |
| Other Non-Cash Items | -$3.06M | $6.13M | $1.89M | $19.38M | -$3.54M | $9.11M | -$28.29M | $3.43M | $4.91M | -$935K | -$257K |
| Net Cash from Operating | -$32.36M | -$17.77M | -$14.21M | -$17.14M | -$21.79M | -$12.55M | -$13.89M | -$8.49M | -$4.93M | -$10.93M | -$4.62M |
| Investing Activities | |||||||||||
| Capital Expenditures | -$743K | -$571K | -$3.02M | -$303K | -$36K | -$52K | -$293K | -$1.24M | -$669K | -$87K | $0 |
| Acquisitions | -$16.56M | $750K | $0 | -$181K | -$2.01M | -$3.85M | $40.92M | $0 | -$11.63M | -$1.43M | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$476K | -$3.85M | -$4M | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $476K | $7.69M | $4M | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$11.04M | $0 | $0 | $0 | -$476K | -$3.85M | -$4M | -$3M | -$553K | -$1.5M | $3.03M |
| Net Cash from Investing | -$28.35M | $179K | -$3.02M | -$484K | -$2.52M | -$3.9M | $36.63M | -$4.24M | -$12.85M | -$3.02M | $3.03M |
| Financing Activities | |||||||||||
| Debt Repaid | $4.93M | -$22.46M | -$12.71M | -$4.57M | -$39.09M | -$20.36M | $20.74M | -$9.65M | -$20.43M | -$8.41M | - |
| Common Stock Issuance | $436.67M | $60M | $28K | $17K | $226K | $2.19M | $1.11M | $2.9M | $5.04M | $7.86M | $1.43M |
| Common Stock Repurchases | $0 | $0 | -$2K | -$102K | $0 | -$1.14M | -$1.02M | -$900K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$32.23M | $10.46M | -$862K | -$287K | -$2.34M | $68K | $3.37M | $217K | $37K | $1.82M | $0 |
| Net Cash from Financing | $399.5M | $92.92M | $11.85M | $4.18M | $36.98M | $21.48M | -$17.28M | $11.88M | $25.51M | $18.09M | $1.43M |
| Forex Effect | -$146K | -$32K | -$126K | -$102K | -$63K | $82K | $41K | -$200K | -$734K | $817K | $0 |
| Net Change in Cash | $338.65M | $75.29M | -$5.5M | -$13.54M | $12.6M | $5.12M | $5.49M | -$1.06M | $6.99M | $4.96M | -$165K |
| Supplementary Data | |||||||||||
| Operating Cash Flow | -$32.36M | -$17.77M | -$14.21M | -$17.14M | -$21.79M | -$12.55M | -$13.89M | -$8.49M | -$4.93M | -$10.93M | -$4.62M |
| Capital Expenditure | -$743K | -$571K | -$3.02M | -$303K | -$36K | -$52K | -$293K | -$1.24M | -$669K | -$87K | $0 |
| Free Cash Flow | -$33.1M | -$18.34M | -$17.23M | -$17.45M | -$21.83M | -$12.6M | -$14.18M | -$9.74M | -$5.6M | -$11.02M | -$4.62M |
| Cash at Beginning | $90.6M | $15.31M | $20.81M | $34.36M | $21.76M | $16.65M | $11.15M | $12.21M | $5.22M | $262K | $427K |
| Cash at End | $429.25M | $90.6M | $15.31M | $20.81M | $34.36M | $21.76M | $16.65M | $11.15M | $12.21M | $5.22M | $262K |