SEALSQ Corp
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $18.3M | $11.0M | $30.1M | $23.2M | $17.0M | $14.3M |
| Cost of Revenue | $9.6M | $6.8M | $15.6M | $13.3M | $9.5M | $8.1M |
| Gross Profit | $8.6M | $3.7M | $14.0M | $9.8M | $7.1M | $5.4M |
| Gross Margin | 47.3% | 33.9% | 46.7% | 42.2% | 42.1% | 38.0% |
| Operating Expenses | ||||||
| Research & Development | $12.5M | $5.0M | $3.9M | $2.3M | $3.1M | $4.1M |
| SG&A Expense | $25.8M | $10.8M | $8.6M | $3.1M | $5.0M | $6.8M |
| Operating Income | $-39.8M | $-17.2M | $-4.1M | $2.6M | $-5.0M | $-8.6M |
| Operating Margin | -218.1% | -156.6% | -13.8% | 11.1% | -29.7% | -60.0% |
| Interest Expense | $67.0K | $14.6K | $4.9K | $355.0K | $167.0K | $8.0K |
| Pretax Income | $-34.2M | $-18.1M | $-3.0M | $2.5M | $-4.8M | $-9.2M |
| Income Tax Expense | $-162.0K | $3.1M | $225.0K | $-3.2M | $6.0K | $5.0K |
| Net Income | $-34.2M | $-21.2M | $-3.3M | $5.8M | $-4.8M | $-9.2M |
| Net Margin | -187.3% | -193.1% | -10.9% | 24.9% | -28.4% | -64.3% |
| EPS (Basic) | — | $-0.60 | $-0.05 | $0.10 | $-0.09 | $-0.35 |
| EPS (Diluted) | — | $-0.60 | $-0.05 | $0.10 | $-0.09 | $-0.35 |
| Shares Outstanding (Basic) | 191.5M | 27.7M | 31.2M | 26.4M | 26.4M | 26.0M |
| Shares Outstanding (Diluted) | 191.5M | 27.7M | 31.2M | 26.4M | 26.4M | 26.0M |
| Dividends Per Share | — | — | — | — | — | — |