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GENEVA - SEALSQ Corp (NASDAQ:LAES), a technology company with a strong balance sheet showing more cash than debt and a current ratio of 6.0, announced Thursday it has completed the cryptographic toolbox validation stage for its QS7001 post-quantum hardware platform, a key milestone in the company’s development of quantum-resistant security solutions. According to InvestingPro data, the company’s market capitalization stands at $438 million, reflecting investors’ interest in quantum security solutions.
The validation confirms the performance of post-quantum cryptographic algorithms, including Kyber and Dilithium, on the platform. This achievement has enabled SEALSQ to begin formal Common Criteria EAL5+ certification with Serma labs while making the platform available to early adopters. Despite the company’s current unprofitability, InvestingPro analysts anticipate significant sales growth in the current year, with revenue growth forecast at 68% for FY2025.
The QS7001 is a RISC-V-based secure hardware platform designed to implement NIST-standardized post-quantum cryptography algorithms. The chip features hardware accelerators for cryptographic operations and is optimized for low-power applications in IoT and edge devices.
According to the company, the chip is expected to be available to first customers in Q4 2025, allowing device manufacturers to integrate post-quantum security into their designs. Target applications include IoT devices, automotive systems, healthcare equipment, and critical infrastructure.
"We’re excited to validate the QS7001 and move toward certification, keeping us ahead in the quantum race," said Jean Pierre Enguent, CTO of SEALSQ, in the press release.
SEALSQ is also developing the QVault TPM, a Trusted Platform Module based on the QS7001 platform. This product is currently undergoing Common Criteria certification and is planned for launch in the first half of 2026 following anticipated certification by the Trusted Computing Group for TPM 2.0 compliance.
The company focuses on developing semiconductors, PKI, and post-quantum technology hardware and software products designed to address security challenges posed by advances in quantum computing. With a gross profit margin of 38.3% in the last twelve months, SEALSQ demonstrates potential in the quantum security market. For deeper insights into SEALSQ’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers exclusive ProTips and detailed research reports covering over 1,400 US stocks.
In other recent news, SEALSQ Corp announced a $60 million securities purchase agreement with institutional investors, which includes 15 million ordinary shares and warrants for an additional 30 million shares. The purchase price of $4.00 per share represents a 10% premium to the company’s recent closing price. This move is expected to bolster SEALSQ’s cash position to approximately $170 million, with plans to use the funds for advancing its post-quantum technology roadmap and strategic acquisitions. Meanwhile, SEALSQ has started deploying its GSMA-accredited eUICC technology with telecommunications operators globally. This technology incorporates post-quantum cryptographic security to protect against potential quantum computing threats. Additionally, SEALSQ has expanded its Quantum Investment Fund to over $35 million, aiming to accelerate the integration of quantum technologies and secure identity infrastructure. Investments include a $12 million co-development of a Post-Quantum Semiconductor Center in Spain and a $14.7 million acquisition of ASIC design firm IC’Alps. The company has also invested in WISeSat.Space for deploying quantum-secured communication satellites.
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