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7 months ago
BRIEF-WISeKey prelim FY 2016 revenues of $11 million
February 7, 2017 / 6:14 AM / 7 months ago

BRIEF-WISeKey prelim FY 2016 revenues of $11 million

Feb 7 (Reuters) - Wisekey International Holding AG :

* Acquires Quovadis, international certification authority capability for eIDAS and IoT

* Significant synergies between Quovadis and WISeKey in core electronic identity and IoT business expected

* Transaction is expected to close in Q1 2017

* Prelim consolidated FY2016 financial results for Wisekey shows revenues of $11 million

* For FY2017, expects probability weighted consolidated revenues of between $110 million - $120 million whilst achieving profitability on all P&L levels

* Reported consolidated net loss for FY2016 will be around $43 million, impacted by non-cash, accounting book losses of $32 million Source text - bit.ly/2le3d1R Further company coverage: (Gdynia Newsroom)

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