Cash flow SEALSQ Corp

Stocks

LAES

VGG794831062

Semiconductors

Market Closed - Nasdaq Other stock markets 04:00:00 2026-06-10 pm EDT			5-day change	1st Jan Change
3.040 ^USD	-1.30%		-12.14%	-19.58%

Jun. 03	Sealsq, STMicroelectronics Lead Series A Funding Round for Quobly	MT
Jun. 03	Quobly announced that it has received ?130 million in funding from a group of investors	CI

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Published financial data: SEALSQ CORP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	17M	23.2M	30.06M	10.98M	18.25M
Total Revenues	17M	23.2M	30.06M	10.98M	18.25M
Cost of Goods Sold, Total	9.55M	13.27M	15.59M	6.78M	9.12M
Gross Profit	7.45M	9.93M	14.47M	4.21M	9.14M
Selling General & Admin Expenses, Total	9.04M	6.92M	14.31M	16.29M	38.56M
R&D Expenses	3.05M	2.31M	3.95M	4.98M	12.48M
Depreciation & Amortization - (IS)	301K	132K	420K	478K	506K
Other Operating Expenses	-91K	-2.01M	-39.58K	-359K	-2.61M
Other Operating Expenses, Total	12.3M	7.35M	18.63M	21.4M	48.94M
Operating Income	-4.85M	2.58M	-4.16M	-17.19M	-39.8M
Interest Expense, Total	-167K	-605K	-987K	-1.56M	-223K
Interest And Investment Income	-	-	88K	703K	6.1M
Net Interest Expenses	-167K	-605K	-899K	-853K	5.87M
Income (Loss) On Equity Invest.	-	-	-	-	-148K
Currency Exchange Gains (Loss)	482K	543K	-176K	314K	-51K
Other Non Operating Income (Expenses)	-287K	8K	-4K	-286K	-257K
EBT, Excl. Unusual Items	-4.82M	2.52M	-5.24M	-18.02M	-34.39M
Gain (Loss) On Sale Of Investments	-	-	-	-	32K
Other Unusual Items	-	-	2.2M	-100K	-
EBT, Incl. Unusual Items	-4.82M	2.52M	-3.04M	-18.12M	-34.36M
Income Tax Expense	6K	-3.24M	225K	3.08M	-162K
Earnings From Continuing Operations	-4.83M	5.77M	-3.27M	-21.2M	-34.19M
Net Income to Company	-4.83M	5.77M	-3.27M	-21.2M	-34.19M
Net Income - (IS)	-4.83M	5.77M	-3.27M	-21.2M	-34.19M
Net Income to Common Incl Extra Items	-4.83M	5.77M	-3.27M	-21.2M	-34.19M
Net Income to Common Excl. Extra Items	-4.83M	5.77M	-3.27M	-21.2M	-34.19M
Per Share Items
Net EPS - Basic	-3.72	3.92	-0.21	-0.6	-0.24
Basic EPS - Continuing Operations	-3.72	3.92	-0.21	-0.6	-0.24
Basic Weighted Average Shares Outstanding	1.3M	1.47M	15.3M	35.25M	143M
Net EPS - Diluted	-3.72	3.92	-0.21	-0.6	-0.24
Diluted EPS - Continuing Operations	-3.72	3.92	-0.21	-0.6	-0.24
Diluted Weighted Average Shares Outstanding	1.3M	1.47M	15.3M	35.25M	143M
Normalized Basic EPS	-2.32	1.07	-0.21	-0.32	-0.15
Normalized Diluted EPS	-2.32	1.07	-0.21	-0.32	-0.15
Supplemental Items
EBITDA	-3.31M	2.99M	-3.59M	-16.56M	-37.58M
EBITA	-4.84M	2.58M	-4.16M	-17.19M	-38.28M
EBIT	-4.85M	2.58M	-4.16M	-17.19M	-39.8M
EBITDAR	-2.93M	3.32M	-3.26M	-16.2M	-36.97M
Effective Tax Rate - (Ratio)	-0.12	-128.51	-7.39	-17.03	0.47
Current Foreign Taxes	-	-	-	-	-162K
Total Current Taxes	-	-	-	-	-162K
Normalized Net Income	-3.01M	1.58M	-3.28M	-11.26M	-21.49M
Interest on Long-Term Debt	-	-	-	-	2K
Non-Cash Pension Expense	-192K	4K	14K	13K	-94K
Supplemental Operating Expense Items
Selling and Marketing Expenses	4.24M	3.82M	5.65M	5.45M	12.77M
General and Administrative Expenses	4.6M	2.76M	8.32M	10.48M	25.18M
Research And Development Expense From Footnotes	3.05M	2.31M	3.95M	4.98M	12.48M
Net Rental Expense, Total	381K	332K	329K	356K	612K
Imputed Operating Lease Interest Expense	-	102K	176K	365K	129K
Imputed Operating Lease Depreciation	-	230K	153K	-9.47K	483K
Stock-Based Comp., R&D Exp. (Total)	-	-	-	-	2.38M
Stock-Based Comp., S&M Exp. (Total)	-	-	-	-	3.69M
Stock-Based Comp., G&A Exp. (Total)	-	-	492K	148K	5.19M
Total Stock-Based Compensation	-	-	492K	148K	11.26M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.06M	4.06M	6.9M	84.62M	418M
Short Term Investments	5K	3K	4K	5K	10.04M
Total Cash And Short Term Investments	2.07M	4.06M	6.9M	84.63M	428M
Accounts Receivable, Total	2.61M	2.22M	5.05M	3.6M	4.72M
Other Receivables	188K	224K	415K	731K	9.41M
Total Receivables	2.79M	2.44M	5.47M	4.33M	14.13M
Inventory	2.71M	7.51M	5.23M	1.42M	2.01M
Prepaid Expenses	454K	394K	605K	355K	880K
Other Current Assets, Total	221K	1.02M	2.06M	2.33M	4.92M
Total Current Assets	8.25M	15.43M	20.27M	93.06M	450M
Gross Property Plant And Equipment	14.76M	14.67M	17.58M	17.94M	24.14M
Accumulated Depreciation	-12.1M	-12.51M	-13.08M	-13.71M	-14.13M
Net Property Plant And Equipment	2.66M	2.16M	4.51M	4.23M	10.01M
Long-term Investments	-	-	-	-	15.35M
Goodwill	-	-	-	-	5.66M
Other Intangibles, Total	5K	1K	0	0	20.95M
Loans Receivable Long-Term	-	-	-	-	31K
Deferred Tax Assets Long-Term	847K	3.99M	3.08M	190K	2.3M
Other Long-Term Assets, Total	82K	77K	83K	82K	251K
Total Assets	11.84M	21.66M	27.94M	97.57M	504M
Liabilities
Accounts Payable, Total	7.26M	6.74M	6.96M	10.07M	4.89M
Accrued Expenses, Total	22K	28K	13K	200K	5.54M
Short-term Borrowings	-	-	-	4.83M	689K
Current Portion of Long-Term Debt	-	3.37M	1.28M	-	-
Current Portion of Leases	320K	324K	336K	327K	725K
Current Income Taxes Payable	3K	47K	2K	1K	3K
Unearned Revenue Current, Total	111K	84K	125K	88K	1.62M
Other Current Liabilities	47K	36K	-	-	14.78M
Total Current Liabilities	7.76M	10.63M	8.72M	15.52M	28.25M
Long-Term Debt	15.62M	9.44M	12.87M	3.1M	989K
Long-Term Leases	1.46M	988K	893K	616K	5.6M
Pension & Other Post Retirement Benefits	575K	396K	426K	464K	2.16M
Deferred Tax Liability Non Current	-	-	-	-	4.37M
Other Non Current Liabilities	-	-	-	-	1.31M
Total Liabilities	25.41M	21.45M	22.9M	19.7M	42.67M
Common Stock, Total	1.77M	1.96M	229K	1.08M	1.99M
Additional Paid In Capital	7.26M	14.93M	24.73M	118M	535M
Retained Earnings	-23.21M	-17.44M	-20.71M	-41.91M	-76.11M
Comprehensive Income and Other	621K	775K	784K	758K	852K
Total Common Equity	-13.56M	212K	5.03M	77.86M	462M
Total Equity	-13.56M	212K	5.03M	77.86M	462M
Total Liabilities And Equity	11.84M	21.66M	27.94M	97.57M	504M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	15M	22.95M	108M	199M
ECS Total Common Shares Outstanding	15M	15M	22.95M	108M	199M
Book Value / Share	-0.9	0.01	0.22	0.72	2.32
Tangible Book Value	-13.57M	211K	5.03M	77.86M	435M
Tangible Book Value Per Share	-0.9	0.01	0.22	0.72	2.19
Total Debt	17.39M	14.12M	15.38M	8.88M	8M
Net Debt	15.32M	10.06M	8.48M	-75.75M	-420M
Debt Equivalent of Unfunded Proj. Benefit Obligation	575K	396K	426K	463K	2.16M
Debt Equivalent Oper. Leases	3.05M	2.66M	2.63M	2.85M	4.9M
Equity Method Investments, Total	-	-	-	-	14.22M
Account Code - Inventory Valuation	-	6	6	6	6
Inventories - Raw Materials, Total	950K	4.52M	1.02M	764K	670K
Inventories - Work In Process, Total	1.76M	2.99M	4.21M	482K	192K
Inventories - Finished Goods, Total	-	-	-	172K	1.15M
Buildings, Total	-	-	-	-	224K
Machinery, Total	12.99M	13.29M	16.31M	16.91M	17.67M
Full Time Employees	-	-	61	67	185
Accumulated Allowance for Doubtful Accounts (Supple)	50K	50K	50K	50K	380K
Order Backlog	-	36M	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-4.83M	5.77M	-3.27M	-21.2M	-34.19M
Depreciation & Amortization - CF	1.53M	404K	569K	630K	703K
Amortization of Goodwill and Intangible Assets - (CF)	5K	4K	1K	-	1.52M
Depreciation & Amortization, Total	1.54M	408K	570K	630K	2.23M
Asset Writedown & Restructuring Costs	-	-	-2.24M	-	472K
(Income) Loss On Equity Investments - (CF)	-	-	-	-	148K
Stock-Based Compensation (CF)	-	-	-	148K	11.26M
Other Operating Activities, Total	173K	-1.46M	1.77M	3.88M	-2.31M
Change In Accounts Receivable	-400K	387K	-2.83M	1.45M	688K
Change In Inventories	-236K	-5.35M	2.32M	4.34M	-1.1M
Change In Accounts Payable	522K	-521K	39K	2.1M	4.56M
Change in Unearned Revenues	-150K	-	-	5K	13K
Change In Income Taxes	3K	44K	-45K	-	2K
Change In Deferred Taxes	464K	154K	-1.03M	-528K	-
Change in Other Net Operating Assets	-677K	-983K	1.67M	-2.02M	-13.02M
Cash from Operations	-3.59M	-1.55M	-3.04M	-11.2M	-31.26M
Capital Expenditure	-36K	-299K	-3.02M	-571K	-743K
Cash Acquisitions	-	-	-	-	-10.55M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-23.52M
Other Investing Activities, Total	-	-	-	-	-500K
Cash from Investing	-36K	-299K	-3.02M	-571K	-35.31M
Long-Term Debt Issued, Total	3.69M	3.75M	9.6M	20M	-
Total Debt Issued	3.69M	3.75M	9.6M	20M	-
Long-Term Debt Repaid, Total	-	-	-	-1.41M	-5.13M
Total Debt Repaid	-	-	-	-1.41M	-5.13M
Issuance of Common Stock	-	-	-	77.61M	437M
Repurchase of Common Stock	-	-	-	-	-3.02M
Other Financing Activities, Total	-	-	-680K	-6.72M	-29M
Cash from Financing	3.69M	3.75M	8.92M	89.48M	400M
Foreign Exchange Rate Adjustments	170K	96K	-21K	24K	83K
Net Change in Cash	234K	1.99M	2.84M	77.73M	333M
Supplemental Items
Cash Interest Paid	-	-	-	-	29K
Cash Income Tax Paid (Refund)	-	4K	-	-	6K
Levered Free Cash Flow	-	-4.36M	-6.31M	-3.32M	-10.69M
Unlevered Free Cash Flow	-	-3.98M	-5.69M	-2.34M	-10.55M
Change In Net Working Capital	-	5.7M	1.13M	-8.19M	-1.58M
Net Debt Issued / Repaid	3.69M	3.75M	9.6M	18.59M	-5.13M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	9.62	-10.49	-17.12	-8.27
Return on Total Capital	-	17.75	-14.98	-20.06	-8.97
Return On Equity %	-	-86.44	-124.66	-51.15	-12.71
Return on Common Equity	-	-86.44	-124.66	-51.15	-12.71
Margin Analysis
Gross Profit Margin %	43.82	42.81	48.14	38.3	50.05
SG&A Margin	53.17	29.83	47.59	148.37	211.29
EBITDA Margin %	-19.49	12.88	-11.95	-150.82	-205.88
EBITA Margin %	-28.5	11.13	-13.85	-156.55	-209.74
EBIT Margin %	-28.53	11.12	-13.85	-156.55	-218.08
Income From Continuing Operations Margin %	-28.4	24.87	-10.87	-193.07	-187.34
Net Income Margin %	-28.4	24.87	-10.87	-193.07	-187.34
Net Avail. For Common Margin %	-28.4	24.87	-10.87	-193.07	-187.34
Normalized Net Income Margin	-17.73	6.8	-10.9	-102.54	-117.75
Levered Free Cash Flow Margin	-	-18.79	-20.99	-30.2	-58.56
Unlevered Free Cash Flow Margin	-	-17.16	-18.94	-21.34	-57.79
Asset Turnover
Asset Turnover	-	1.38	1.21	0.17	0.06
Fixed Assets Turnover	-	9.62	9.01	2.51	2.56
Receivables Turnover (Average Receivables)	-	9.62	8.27	2.54	4.39
Inventory Turnover (Average Inventory)	-	2.6	2.45	2.04	5.32
Short Term Liquidity
Current Ratio	1.06	1.45	2.32	6	15.92
Quick Ratio	0.63	0.61	1.42	5.73	15.64
Operating Cash Flow to Current Liabilities	-0.46	-0.15	-0.35	-0.72	-1.11
Days Sales Outstanding (Average Receivables)	-	37.96	44.15	144.12	83.14
Days Outstanding Inventory (Average Inventory)	-	140.59	149.16	179.6	68.67
Average Days Payable Outstanding	-	141.33	187.82	1.05K	156.68
Cash Conversion Cycle (Average Days)	-	37.22	5.49	-728.81	-4.87
Long Term Solvency
Total Debt/Equity	-128.24	6.66K	305.61	11.4	1.73
Total Debt / Total Capital	454.13	98.52	75.35	10.23	1.7
LT Debt/Equity	-125.88	4.92K	273.52	4.78	1.43
Long-Term Debt / Total Capital	445.77	72.72	67.44	4.29	1.4
Total Liabilities / Total Assets	214.51	99.02	81.99	20.19	8.46
EBIT / Interest Expense	-29.04	4.26	-4.22	-11.05	-178.49
EBITDA / Interest Expense	-17.55	5.49	-3.31	-10.41	-165.77
(EBITDA - Capex) / Interest Expense	-17.77	4.99	-6.37	-10.78	-169.1
Total Debt / EBITDA	-5.93	4.25	-4.71	-0.55	-0.22
Net Debt / EBITDA	-5.23	3.03	-2.6	4.67	11.35
Total Debt / (EBITDA - Capex)	-5.86	4.68	-2.45	-0.53	-0.21
Net Debt / (EBITDA - Capex)	-5.16	3.33	-1.35	4.52	11.13
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.7	36.5	29.57	-63.47	66.21
Gross Profit, 1 Yr. Growth %	20.71	33.34	45.7	-70.93	117.21
EBITDA, 1 Yr. Growth %	-42.34	-190.19	-430.32	362.67	126.91
EBITA, 1 Yr. Growth %	-39.35	-153.32	-708.67	314.4	122.68
EBIT, 1 Yr. Growth %	-43.56	-153.19	-712.4	314.3	131.54
Earnings From Cont. Operations, 1 Yr. Growth %	-47.54	-219.54	-156.64	548.75	61.28
Net Income, 1 Yr. Growth %	-47.54	-219.54	-156.64	548.75	61.28
Normalized Net Income, 1 Yr. Growth %	-47.58	-152.38	-937.64	490.41	90.87
Diluted EPS Before Extra, 1 Yr. Growth %	-47.53	-205.29	-152.23	181.57	-60.11
Accounts Receivable, 1 Yr. Growth %	-	-14.85	127.72	-28.85	31.29
Inventory, 1 Yr. Growth %	-	177.12	-30.35	-72.89	41.89
Net Property, Plant and Equip., 1 Yr. Growth %	-	-18.82	108.61	-6.12	136.51
Total Assets, 1 Yr. Growth %	-	82.87	28.98	249.26	416.76
Tangible Book Value, 1 Yr. Growth %	-	-101.56	2.28K	1.45K	468.58
Common Equity, 1 Yr. Growth %	-	-101.56	2.27K	1.45K	503.37
Cash From Operations, 1 Yr. Growth %	18.79	-56.73	-781.61	268.59	208.74
Capital Expenditures, 1 Yr. Growth %	-30.77	730.56	910.37	-81.1	30.12
Levered Free Cash Flow, 1 Yr. Growth %	-	-	1.13	-51.18	450.96
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-2.87	-62.05	990.43
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	27.29	32.99	-31.2	-22.08
Gross Profit, 2 Yr. CAGR %	-	26.87	39.38	-34.92	-20.54
EBITDA, 2 Yr. CAGR %	-	-27.89	4.16	289.46	224.39
EBITA, 2 Yr. CAGR %	-	-43.13	-7.3	399.92	204.08
EBIT, 2 Yr. CAGR %	-	-45.21	-7.34	401.38	210.04
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-20.81	-17.72	91.69	223.47
Net Income, 2 Yr. CAGR %	-	-20.81	-17.72	91.69	223.47
Normalized Net Income, 2 Yr. CAGR %	-	-47.6	4.28	436.53	236.16
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-25.67	-20.98	21.27	5.98
Accounts Receivable, 2 Yr. CAGR %	-	-	39.25	27.28	-3.35
Inventory, 2 Yr. CAGR %	-	-	38.93	-56.55	-37.98
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	30.13	39.94	49.01
Total Assets, 2 Yr. CAGR %	-	-	53.58	112.24	324.83
Tangible Book Value, 2 Yr. CAGR %	-	-	-39.11	1.82K	829.75
Common Equity, 2 Yr. CAGR %	-	-	-39.1	1.82K	857.77
Cash From Operations, 2 Yr. CAGR %	-	-28.3	-4.94	401.23	237.44
Capital Expenditures, 2 Yr. CAGR %	-	139.79	816.06	38.19	-50.41
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	71.86	-27.08	25.49
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	67.38	-36.75	30.75
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	28.05	-13.55	-7.68
Gross Profit, 3 Yr. CAGR %	-	-	32.86	-17.34	-2.74
EBITDA, 3 Yr. CAGR %	-	-	-14.47	71	225.28
EBITA, 3 Yr. CAGR %	-	-	-19.53	52.53	281.79
EBIT, 3 Yr. CAGR %	-	-	-21.45	52.48	287.54
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-29.18	63.77	80.96
Net Income, 3 Yr. CAGR %	-	-	-29.18	63.77	80.96
Normalized Net Income, 3 Yr. CAGR %	-	-	-17.08	55.18	280.17
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-68.88	20.69	-16.29
Accounts Receivable, 3 Yr. CAGR %	-	-	31.82	11.32	28.61
Inventory, 3 Yr. CAGR %	-	-	28.35	-19.42	-35.53
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	0.24	16.71	66.69
Total Assets, 3 Yr. CAGR %	-	-	27.64	101.96	185.53
Tangible Book Value, 3 Yr. CAGR %	-	-	-18.76	79.04	1.17K
Common Equity, 3 Yr. CAGR %	-	-	-18.73	79.06	1.2K
Cash From Operations, 3 Yr. CAGR %	-	-	0.19	49.34	312.29
Capital Expenditures, 3 Yr. CAGR %	-	-	287.3	151.25	35.45
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	15.79	19.67
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	4.87	21.66
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	4.98
Gross Profit, 5 Yr. CAGR %	-	-	-	-	8.17
EBITDA, 5 Yr. CAGR %	-	-	-	-	45.59
EBITA, 5 Yr. CAGR %	-	-	-	-	36.81
EBIT, 5 Yr. CAGR %	-	-	-	-	35.89
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	30.02
Net Income, 5 Yr. CAGR %	-	-	-	-	30.02
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	30.19
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-49.2
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	16.43
Inventory, 5 Yr. CAGR %	-	-	-	-	-4.05
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	17.46
Total Assets, 5 Yr. CAGR %	-	-	-	-	106.48
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	115.39
Common Equity, 5 Yr. CAGR %	-	-	-	-	118
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	59.55
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	70.21