WISeKey International Holding AG

WKEY

Semiconductors · Technology

Price

$6.60

+0.21 (+3.29%)

Market Cap

$41.1M

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+169.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 4.2M (2021) → 11.2M (2025)

WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions for the internet of things (IoT) and digital identity ecosystems in Switzerland, rest of Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company operates through three segments: IoT, Artificial Intelligence (AI), and Managed Public Key Infrastructure (mPKI). It offers microcontrollers that provides identity to various connected devices; and mPKI, which includ

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+110.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+64.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$15M/ year

↑ Rising (+112% vs prior year)

77.2% of revenue

5.1x the sector average (15%)

Investing heavily in future products and technology

Insider Activity

74.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~6 years

$429M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$429M cash & investments at current burn rate

Revenue accelerating

WISeKey International Holding AG grew revenue 111% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

40.0%

Modest — 40.0% gross margin

Operating Margin

-146.6%

Losing money on operations — -146.6%

ROCE

-41.7%

Weak — -41.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-43.0%

Shrinking sales (-43.0% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-165.0%

Burning cash (-165.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.07

Conservative — low debt load (0.07)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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