Press Release : WISeKey Reports FY 2020 Audited -2-

or unusual. Reconciliations of these non-GAAP measures to the most 
comparable measures calculated in accordance with GAAP are provided in 
the financial statements portion of this release in a schedule entitled 
"Financial Reconciliation of GAAP to non-GAAP Results (unaudited)." 
 
   Non-GAAP to GAAP Reconciliations 
 
 
 
 
Financial Reconciliation of GAAP to non-GAAP Results   12 months to December 
 (unaudited)                                                    31, 
                                                       --------------------- 
(Million US$)                                                  2020           2019 
                                                       ---------------------  ------ 
Operating loss as reported                                            (18.5)  (20.5) 
Non-GAAP adjustments from continuing operations: 
Depreciation expense from continuing operations                         1.08     0.8 
Amortization expense on intangibles from continuing 
 operations                                                              0.6     0.5 
                                                       ---------------------  ------ 
EBITDA from continuing operations                                     (16.9)  (19.2) 
 
 
 
 
 
 
 
 
GAAP to Non-GAAP Cash and Cash Equivalents               As of December 31, 
                                             -------------------------------- 
(Million US$)                                     2020             2019 
                                             ---------------  --------------- 
Cash and cash equivalents as reported                   19.7             12.1 
Restricted cash, current as reported                     2.1              2.5 
Restricted cash, noncurrent as reported                    -              2.0 
Total Cash and restricted cash                          21.8             16.6 
 
 
   About WISeKey 
 
   WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global 
cybersecurity company currently deploying large scale digital identity 
ecosystems for people and objects using Blockchain, AI and IoT 
respecting the Human as the Fulcrum of the Internet. WISeKey 
microprocessors secure the pervasive computing shaping today's Internet 
of Everything. WISeKey IoT has an install base of over 1.5 billion 
microchips in virtually all IoT sectors (connected cars, smart cities, 
drones, agricultural sensors, anti-counterfeiting, smart lighting, 
servers, computers, mobile phones, crypto tokens etc.).  WISeKey is 
uniquely positioned to be at the edge of IoT as our semiconductors 
produce a huge amount of Big Data that, when analyzed with Artificial 
Intelligence (AI), can help industrial applications to predict the 
failure of their equipment before it happens. 
 
   Our technology is Trusted by the OISTE/WISeKey's Swiss based 
cryptographic Root of Trust ("RoT") provides secure authentication and 
identification, in both physical and virtual environments, for the 
Internet of Things, Blockchain and Artificial Intelligence. The WISeKey 
RoT serves as a common trust anchor to ensure the integrity of online 
transactions among objects and between objects and people. For more 
information, visit www.wisekey.com. 
 
   Press and investor contacts: 
 
 
 
 
WISeKey International Holding Ltd  WISeKey Investor Relations (US) 
 Company Contact: Carlos Moreira    Contact: Lena Cati 
 Chairman & CEO                     The Equity Group Inc. 
 Tel: [phone]               Tel: [phone] 
 [e-mail]                   [e-mail] 
 
   Disclaimer: 
 
   This communication expressly or implicitly contains certain 
forward-looking statements concerning WISeKey International Holding Ltd 
and its business. Such statements involve certain known and unknown 
risks, uncertainties and other factors, which could cause the actual 
results, financial condition, performance or achievements of WISeKey 
International Holding Ltd to be materially different from any future 
results, performance or achievements expressed or implied by such 
forward-looking statements. WISeKey International Holding Ltd is 
providing this communication as of this date and does not undertake to 
update any forward-looking statements contained herein as a result of 
new information, future events or otherwise. 
 
   This press release does not constitute an offer to sell, or a 
solicitation of an offer to buy, any securities, and it does not 
constitute an offering prospectus within the meaning of article 652a or 
article 1156 of the Swiss Code of Obligations or a listing prospectus 
within the meaning of the listing rules of the SIX Swiss Exchange. 
Investors must rely on their own evaluation of WISeKey and its 
securities, including the merits and risks involved. Nothing contained 
herein is, or shall be relied on as, a promise or representation as to 
the future performance of WISeKey. 
 
 
 
 
 
 

(END) Dow Jones Newswires

April 30, 2021 01:00 ET (05:00 GMT)