WISeKey International Holding AG provided revenue guidance for year 2022 and 2023. The company announced that its Semiconductors IoT segment has returned to pre-COVID levels and its Fiscal Year 2022 revenue is expected to be approximately $22.7 million, representing an increase of over 34% as compared to Fiscal Year 2021.

This trend is projected to continue in 2023 and the Company expects revenue for the year to increase over 40%, and reach record levels, due to higher semiconductors demand and new contracts signed to secure medical equipment, drones, routers, batteries, and smart meters.