2023 Q4 Form 20-F Financial Statement

#000119380524000652 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $15.81M $30.92M
YoY Change 21.87% 29.83%
Cost Of Revenue $9.166M $15.75M
YoY Change 19.74% 15.94%
Gross Profit $6.645M $14.74M
YoY Change 24.93% 46.07%
Gross Profit Margin 42.03% 47.69%
Selling, General & Admin $11.96M $23.81M
YoY Change 32.44% 27.06%
% of Gross Profit 179.95% 161.51%
Research & Development $2.247M $4.398M
YoY Change 3.88% 13.88%
% of Gross Profit 33.81% 29.83%
Depreciation & Amortization $439.0K $624.0K
YoY Change 15.53% 39.91%
% of Gross Profit 6.61% 4.23%
Operating Expenses $14.06M $28.04M
YoY Change 53.62% 36.6%
Operating Profit -$7.414M -$13.30M
YoY Change 93.43% 27.44%
Interest Expense -$1.622M -$2.055M
YoY Change 43.29% 285.55%
% of Operating Profit
Other Income/Expense, Net -$296.0K -$764.0K
YoY Change -79.61% -63.2%
Pretax Income -$8.432M -$15.22M
YoY Change 31.4% 16.67%
Income Tax -$92.00K $230.0K
% Of Pretax Income
Net Earnings -$8.392M -$15.45M
YoY Change -71.94% -47.19%
Net Earnings / Revenue -53.08% -49.97%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.37 -$4.80
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.31M $15.31M
YoY Change -26.06% -26.06%
Cash & Equivalents $15.31M $2.500M
Short-Term Investments
Other Short-Term Assets $1.008M $3.354M
YoY Change -26.96% 70.77%
Inventory $5.230M $5.230M
Prepaid Expenses $1.290M
Receivables $5.471M $5.471M
Other Receivables $27.00K $725.0K
Total Short-Term Assets $30.09M $30.09M
YoY Change -9.3% -9.3%
LONG-TERM ASSETS
Property, Plant & Equipment $3.392M $5.444M
YoY Change 302.85% 73.87%
Goodwill $8.317M
YoY Change 0.0%
Intangibles $96.00K
YoY Change -2.04%
Long-Term Investments $486.0K $486.0K
YoY Change 2.75% 2.75%
Other Assets $275.0K $3.367M
YoY Change 10.44% -20.55%
Total Long-Term Assets $17.71M $17.71M
YoY Change 8.51% 8.51%
TOTAL ASSETS
Total Short-Term Assets $30.09M $30.09M
Total Long-Term Assets $17.71M $17.71M
Total Assets $47.80M $47.80M
YoY Change -3.42% -3.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.86M $12.86M
YoY Change -4.01% -4.01%
Accrued Expenses $957.0K $957.0K
YoY Change 36.71% 36.71%
Deferred Revenue $353.0K
YoY Change 236.19%
Short-Term Debt $4.164M $4.164M
YoY Change -0.76% -0.76%
Long-Term Debt Due $190.0K $190.0K
YoY Change
Total Short-Term Liabilities $18.91M $18.91M
YoY Change 0.42% 0.42%
LONG-TERM LIABILITIES
Long-Term Debt $3.339M $3.339M
YoY Change 7.12% 7.12%
Other Long-Term Liabilities $2.000K $4.470M
YoY Change -75.0% 27.1%
Total Long-Term Liabilities $7.809M $7.809M
YoY Change 17.57% 17.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.91M $18.91M
Total Long-Term Liabilities $7.809M $7.809M
Total Liabilities $26.72M $21.13M
YoY Change 4.89% -9.08%
SHAREHOLDERS EQUITY
Retained Earnings -$281.0M
YoY Change 5.77%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $691.0K
YoY Change 86.25%
Treasury Stock Shares
Shareholders Equity $26.68M $26.68M
YoY Change
Total Liabilities & Shareholders Equity $47.80M $47.80M
YoY Change -3.42% -3.42%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$8.392M -$15.45M
YoY Change -71.94% -47.19%
Depreciation, Depletion And Amortization $439.0K $624.0K
YoY Change 15.53% 39.91%
Cash From Operating Activities -$6.163M -$14.21M
YoY Change 9.62% -17.14%
INVESTING ACTIVITIES
Capital Expenditures $1.344M $3.021M
YoY Change 685.96% 897.03%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.344M -$3.021M
YoY Change 685.96% 524.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.865M $11.85M
YoY Change 132.31% 183.15%
NET CHANGE
Cash From Operating Activities -6.163M -$14.21M
Cash From Investing Activities -1.344M -$3.021M
Cash From Financing Activities 8.865M $11.85M
Net Change In Cash 1.358M -$5.503M
YoY Change -168.69% -59.37%
FREE CASH FLOW
Cash From Operating Activities -$6.163M -$14.21M
Capital Expenditures $1.344M $3.021M
Free Cash Flow -$7.507M -$17.23M
YoY Change 29.59% -1.26%

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CY2023 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
12990000 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
4820000 usd
CY2021 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
44362000 usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2000000 usd
CY2023 us-gaap Repayments Of Debt
RepaymentsOfDebt
276000 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
2246000 usd
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
5276000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
890000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
303000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2341000 usd
CY2023 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
2000 usd
CY2022 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
102000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11850000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4185000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36975000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-126000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-102000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-63000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5503000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13545000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
12596000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20814000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34359000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21763000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15311000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20814000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34359000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15311000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20706000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
34201000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
108000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
110000 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
48000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15311000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20814000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34359000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
53000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
409000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6000 usd
CY2023 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
12875000 usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
13800000 usd
CY2021 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
43704000 usd
CY2022 wkey Net Effects Of Business Acquired And Disposed Of Noncash
NetEffectsOfBusinessAcquiredAndDisposedOfNoncash
2831000 usd
CY2021 wkey Stock Issued During Period Value Issued For Seda Fee Payment
StockIssuedDuringPeriodValueIssuedForSEDAFeePayment
476000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
66000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
29000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2375000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80F_eus-gaap--NatureOfOperations_zLhAPwYT88v6" style="font: bold 10pt Times New Roman, Times, Serif; margin-left: 20pt; margin-top: 0pt; margin-bottom: 0pt"> <span style="color: windowtext">Note</span> <span style="color: windowtext">1.<span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">       </span></span><span id="xdx_820_zbu5SbF8OKEg">The WISeKey Group</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WISeKey International Holding Ltd, together with its consolidated subsidiaries (“<b>WISeKey</b>” or the “<b>Company</b>” or the “<b>Group</b>” or the “<b>WISeKey Group</b>”), has its headquarters in Switzerland. WISeKey International Holding Ltd, the ultimate parent of the WISeKey Group, was incorporated in December 2015 and is listed on the Swiss Stock Exchange, SIX SAG, with the valor symbol “WIHN” since March 2016 and on the NASDAQ Capital Market exchange with the valor symbol “WKEY” since December 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Group develops, markets, hosts and supports a range of solutions that enable the secure digital identification of people, content and objects, by generating digital identities that enable its clients to monetize their existing user bases and at the same time, expand its own eco-system. WISeKey generates digital identities from its current products and services in Cybersecurity Services, IoT (Internet of Things), Digital Brand Management and Mobile Security. In the first half of 2022, the Group decided to divest its Artificial Intelligence (“AI”) segment and sell arago GmbH in order to refocus on its core operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Group leads a carefully planned vertical integration strategy through acquisitions of companies in the industry. The strategic objective is to provide integrated services to its customers and also achieve cross-selling and synergies across WISeKey. Through this vertical integration strategy, WISeKey anticipates being able to generate profits in the near future.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2023Q4 wkey Working Capital Deficit
WorkingCapitalDeficit
11200000 usd
CY2023 us-gaap Basis Of Accounting
BasisOfAccounting
<p id="xdx_802_eus-gaap--BasisOfAccounting_ztsQeecSszy3" style="font: bold 10pt Times New Roman, Times, Serif; margin-left: 20pt; margin-top: 0pt; margin-bottom: 0pt"> <span style="color: windowtext">Note 3.       </span> <span id="xdx_826_zLuNmQRreypg">Basis of presentation</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The consolidated financial statements are prepared in accordance with the Generally Accepted Accounting Principles in the United States of America (“<b>US GAAP</b>”) as set forth in the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC). All amounts are in United States dollars (“<b>USD</b>”) unless otherwise stated.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Reverse stock split</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 29, 2023, after market close, the Group effected a reverse stock split of WISeKey’s common stock (the “<b>Reverse Stock Split</b>”) as follows: </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif">-</span></td><td style="text-align: justify"><span id="xdx_90D_eus-gaap--StockholdersEquityReverseStockSplit_c20230601__20230629__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zu87ygfvf2M6" title="Reverse stock split">Class A shares, par value CHF 0.01 per share at a ratio of one-for-twenty-five</span>, and</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif">-</span></td><td style="text-align: justify"><span id="xdx_907_eus-gaap--StockholdersEquityReverseStockSplit_c20230601__20230629__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zz1bYbr7P4xi" title="Reverse stock split">Class B shares, par value CHF 0.05 per share at a ratio of one-for-fifty</span>.</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_907_eus-gaap--StockholdersEquityReverseStockSplit_c20230701__20231231_z8Lg9HS9rL5i" title="Reverse stock split">The Group’s common stock began trading on a split-adjusted basis on June 30, 2023. Where the Reverse Stock Split of Class B shares resulted in fractions of ‘new’ Class B shares for the individual shareholder, the resulting fractions in new Class B shares were rounded down to the next whole number of ‘new’ Class B shares and shareholders were compensated for the remaining fractions in cash at a fixed price of CHF 8.735 per ‘new’ Class B share corresponding to a three-day volume-weighted average price of the WISeKey Class B Shares on the SIX Swiss Exchange prior to the ex-date of the Reverse Stock Split. WISeKey paid a total amount of CHF 1,747 (USD 1,952) in compensation for fractions. All share, warrant and options numbers, as well as share and per share amounts in the consolidated financial statements and notes thereto have been retroactively adjusted for all periods presented to give effect to the Reverse Stock Split.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Spin-off</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On April 27, 2023, the shareholders approved the partial spin-off of the Group’s IoT Semiconductors Vertical into a publicly traded company, SEALSQ Corp (“<b>SEALSQ</b>”), which was completed through the distribution of 20% of the ordinary share capital of SEALSQ Corp to the shareholders of WISeKey on May 23, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a result of the spin-off of SEALSQ Corp, the Group distributed net negative assets of USD <span id="xdx_906_eus-gaap--DividendsCommonStockPaidinkind_pp0p0_c20230101__20231231_zKPq6zMMphVl" title="Dividend in kind">34,209</span> to noncontrolling interests, which was reflected as a reduction in Retained earnings and an increase in Noncontrolling interests in consolidated subsidiaries.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The results of operations of SEALSQ Corp are included in the continuing operations of the IoT operating segment for all periods presented and, from the date of the distribution, the consolidated comprehensive results of SEALSQ Corp are attributed to owners of the Group and to the noncontrolling interests in proportion to their relative ownership interests. The assets and liabilities of SEALSQ Corp are consolidated in the Group’s financial statements. Intercompany income and expenses, including unrealized gross profits from internal group transactions and intercompany receivables, payables and loans have been eliminated.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Earnings per share</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s share capital is divided into WIHN Class B Shares, par value CHF <span id="xdx_900_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zV3H8BibTEb2" title="Common stock, par value">2.50</span>, which are listed on the SIX Swiss Stock Exchange, and WIHN Class A Shares, par value CHF <span id="xdx_903_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zkU3zrmJZ9Fk" title="Common stock, par value">0.25</span>, which are not listed on any exchange.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Historically, basic earnings per share were calculated using WISeKey International Holding Ltd’s weighted-average outstanding WIHN Class B Shares. When the effects are not antidilutive, diluted earnings per share were calculated using the weighted-average outstanding WIHN Class B Shares and the dilutive effect of stock options as determined under the treasury stock method. The Company had assessed that the other class of shares, the non-listed WIHN Class A Shares, were not eligible for dividend and, as a result, did not apply the two-class method required for companies with multiple classes of common stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">However, in the course of 2023, the dividend in kind voted by the board of directors was distributed to both shareholders of WIHN Class B Shares and WIHN Class A Shares. We have therefore amended our presentation of earnings per share to show the allocation between both classes of shares.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a result of this assessment, basic earnings per share are calculated using the two-class method required for companies with multiple classes of common stock. The two-class method determines net earnings per common share for each class of common stock according to dividends declared or accumulated and participation rights in distributed and undistributed earnings or losses. The two-class method requires income available to common stockholders for the period to be allocated between each class of common stock based upon their respective rights to receive dividends as if all income for the period had been distributed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For WISeKey, the dividend rights of the holders of WIHN Class A Shares and WIHN Class B Shares (collectively, the “common stock”) differ. Dividend rights are proportionate to the nominal value of each class of shares. The dividend rights of a WIHN Class B Share with a nominal value of CHF <span id="xdx_900_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zwpr6xPMBRx9" title="Common stock, par value">2.50</span> are ten times greater than the dividend rights of a WIHN Class A Share with a nominal value of CHF <span id="xdx_903_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zTAzTfHX4bJi" title="Common stock, par value">0.25</span>. Undistributed earnings are allocated to the classes of common stock proportionately to their dividend rights and the resulting net results per share will, therefore, vary for each class of common stock. In line with ASC 260-10-45, the Group has presented the net earnings attributed to its common stock for each class of common stock. The earnings per share calculation is based on the weighted average number of shares in issue of each class.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_895_eus-gaap--ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock_z3IIHKctDDc3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Below is a summary of the impact of the change in policy on the previous years’ presentation of earnings per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_8B7_zucrlMSSMbie" style="display: none">Basis of Presentation - Earnings Per Share - Prior Period Adjustments</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="font-family: Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: left"> <span id="xdx_918_esrt--ScenarioPreviouslyReportedMember_za3SkMXJFOc2" style="display: none">Previously Reported</span></td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="7" style="font-size: 10pt; font-weight: bold; text-align: center">12 months ended December 31,</td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="7" style="font-size: 10pt; font-weight: bold; text-align: center">12 months ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: left"> <span id="xdx_91A_esrt--RestatementAdjustmentMember_zUko6ffsrR6d" style="display: none">Restated Amount</span></td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: right">2022</td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: right">2021</td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: right">2022</td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: right">2021</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">USD</td><td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">As previously reported</td><td style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">Restated amount</td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td colspan="3" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td> <td colspan="3" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td> <td colspan="3" style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td colspan="3" style="font-size: 10pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: underline; font-size: 10pt; font-weight: bold; text-align: left">Earnings per Class A Share</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; font-weight: bold; text-align: left">Earnings per Class A Share from continuing operations</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; font-size: 10pt; text-align: left">Basic</td><td style="width: 2%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 10%; font-size: 10pt; text-align: right">-</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 2%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 10%; font-size: 10pt; text-align: right">-</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 2%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td><td id="xdx_98A_eus-gaap--IncomeLossFromContinuingOperationsPerBasicShare_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zTb9x0rdvDTc" style="width: 10%; font-size: 10pt; text-align: right" title="Earnings per Class A Share from continuing operations - Basic">(0.44</td><td style="width: 1%; font-size: 10pt; text-align: left">)</td><td style="width: 2%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td><td id="xdx_985_eus-gaap--IncomeLossFromContinuingOperationsPerBasicShare_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zUWGpHKH8Q7l" style="width: 10%; font-size: 10pt; text-align: right" title="Earnings per Class A Share from continuing operations - Basic">(1.64</td><td style="width: 1%; font-size: 10pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left">Diluted</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">-</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">-</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_982_eus-gaap--IncomeLossFromContinuingOperationsPerDilutedShare_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_ztNYTF2vuwjc" style="font-size: 10pt; text-align: right" title="Earnings per Class A Share from continuing operations - Diluted">(0.44</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_980_eus-gaap--IncomeLossFromContinuingOperationsPerDilutedShare_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zloMO4YE3Lcg" style="font-size: 10pt; text-align: right" title="Earnings per Class A Share from continuing operations - Diluted">(1.64</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; font-weight: bold; text-align: left">Earnings per Class A Share from discontinued operations</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left">Basic</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">-</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">-</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98C_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zhDhKPOltrE7" style="font-size: 10pt; text-align: right" title="Earnings per Class A Share from discontinued operations - Basic">(0.87</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98B_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zDJ1q66eECMe" style="font-size: 10pt; text-align: right" title="Earnings per Class A Share from discontinued operations - Basic">(0.04</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left">Diluted</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">-</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">-</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_983_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zLaV4b6KGhoe" style="font-size: 10pt; text-align: right" title="Earnings per Class A Share from discontinued operations - Diluted">(0.87</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_983_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zUB8CKnFGTdk" style="font-size: 10pt; text-align: right" title="Earnings per Class A Share from discontinued operations - Diluted">(0.04</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; font-weight: bold; text-align: left">Earning per Class A Share attributable to WISeKey International Holding Ltd</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left">Basic</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">-</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">-</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98D_eus-gaap--EarningsPerShareBasic_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zvtjm99KMa3d" style="font-size: 10pt; text-align: right" title="Earnings per Class A Share attributable to WISeKey International Holding Ltd - Basic">(1.22</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_987_eus-gaap--EarningsPerShareBasic_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_z8QPEV3QIGIe" style="font-size: 10pt; text-align: right" title="Earnings per Class A Share attributable to WISeKey International Holding Ltd - Basic">(1.42</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left">Diluted</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">-</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">-</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_981_eus-gaap--EarningsPerShareDiluted_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_z0moG0iFWoC3" style="font-size: 10pt; text-align: right" title="Earnings per Class A Share attributable to WISeKey International Holding Ltd - Diluted">(1.22</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_980_eus-gaap--EarningsPerShareDiluted_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zVXMORNBE3W8" style="font-size: 10pt; text-align: right" title="Earnings per Class A Share attributable to WISeKey International Holding Ltd - Diluted">(1.42</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: underline; font-size: 10pt; font-weight: bold; text-align: left">Earnings per Class B Share</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; font-weight: bold; text-align: left">Earnings per Class B Share from continuing operations</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left">Basic</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_988_eus-gaap--IncomeLossFromContinuingOperationsPerBasicShare_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_z6ZZRmjmfyx6" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from continuing operations - Basic">(4.50</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_981_eus-gaap--IncomeLossFromContinuingOperationsPerBasicShare_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zEpQeVYm8Xrk" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from continuing operations - Basic">(16.5</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_980_eus-gaap--IncomeLossFromContinuingOperationsPerBasicShare_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zv3AZhK92Ur2" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from continuing operations - Basic">(4.36</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_989_eus-gaap--IncomeLossFromContinuingOperationsPerBasicShare_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zZBBZ1ocQwZa" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from continuing operations - Basic">(16.38</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left">Diluted</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98B_eus-gaap--IncomeLossFromContinuingOperationsPerDilutedShare_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_ztsG1ZJDwXFd" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from continuing operations - Diluted">(4.50</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_987_eus-gaap--IncomeLossFromContinuingOperationsPerDilutedShare_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zLzw18afO7We" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from continuing operations - Diluted">(16.5</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_981_eus-gaap--IncomeLossFromContinuingOperationsPerDilutedShare_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_z45xNTAkpL54" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from continuing operations - Diluted">(4.36</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98B_eus-gaap--IncomeLossFromContinuingOperationsPerDilutedShare_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zckNuukANAZ9" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from continuing operations - Diluted">(16.38</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; font-weight: bold; text-align: left">Earnings per Class B Share from discontinued operations</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left">Basic</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98A_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zsSM7uo3IOM1" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from discontinued operations - Basic">(8.50</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98E_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zuV9WUaXggX9" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from discontinued operations - Basic">(0.50</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_987_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_z07wuHJVRhk9" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from discontinued operations - Basic">(8.65</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_988_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zs3MnQcIu0Ek" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from discontinued operations - Basic">(0.44</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left">Diluted</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_980_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zUFBZqErbpRa" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from discontinued operations - Diluted">(8.50</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98F_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zCyb1CnJiJL4" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from discontinued operations - Diluted">(0.50</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_986_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_z2LlwB1UUf8a" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from discontinued operations - Diluted">(8.65</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98C_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zqpve3eV5oz9" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share from discontinued operations - Diluted">(0.44</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; font-weight: bold; text-align: left">Earning per Class B Share attributable to WISeKey International Holding Ltd</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left">Basic</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98B_eus-gaap--EarningsPerShareBasic_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_z6lZRn9GF2ub" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share attributable to WISeKey International Holding Ltd - Basic">(12.00</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98E_eus-gaap--EarningsPerShareBasic_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zCsWmLjExVac" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share attributable to WISeKey International Holding Ltd - Basic">(14.00</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98F_eus-gaap--EarningsPerShareBasic_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zkRoWKtblnMk" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share attributable to WISeKey International Holding Ltd - Basic">(12.22</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98F_eus-gaap--EarningsPerShareBasic_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_z2mA9VPLK1F4" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share attributable to WISeKey International Holding Ltd - Basic">(14.20</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left">Diluted</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_989_eus-gaap--EarningsPerShareDiluted_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_z5pu4dHK1hj" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share attributable to WISeKey International Holding Ltd - Diluted">(12.00</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_981_eus-gaap--EarningsPerShareDiluted_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zB1m39J5fmC5" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share attributable to WISeKey International Holding Ltd - Diluted">(14.00</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_982_eus-gaap--EarningsPerShareDiluted_pid_c20220101__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zmBskKvABJrj" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share attributable to WISeKey International Holding Ltd - Diluted">(12.22</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_986_eus-gaap--EarningsPerShareDiluted_pid_c20210101__20211231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zERYiAbnK5J3" style="font-size: 10pt; text-align: right" title="Earnings per Class B Share attributable to WISeKey International Holding Ltd - Diluted">(14.20</td><td style="font-size: 10pt; text-align: left">)</td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"> </p>
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
The Group’s common stock began trading on a split-adjusted basis on June 30, 2023. Where the Reverse Stock Split of Class B shares resulted in fractions of ‘new’ Class B shares for the individual shareholder, the resulting fractions in new Class B shares were rounded down to the next whole number of ‘new’ Class B shares and shareholders were compensated for the remaining fractions in cash at a fixed price of CHF 8.735 per ‘new’ Class B share corresponding to a three-day volume-weighted average price of the WISeKey Class B Shares on the SIX Swiss Exchange prior to the ex-date of the Reverse Stock Split. WISeKey paid a total amount of CHF 1,747 (USD 1,952) in compensation for fractions. All share, warrant and options numbers, as well as share and per share amounts in the consolidated financial statements and notes thereto have been retroactively adjusted for all periods presented to give effect to the Reverse Stock Split.
CY2023 us-gaap Dividends Common Stock Paidinkind
DividendsCommonStockPaidinkind
34209 usd
CY2023 us-gaap Fiscal Period
FiscalPeriod
<p id="xdx_84E_eus-gaap--FiscalPeriod_z0YJCvHkVpbj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Fiscal Year </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Group’s fiscal year ends on December 31.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_849_eus-gaap--UseOfEstimates_zRWQ1kV6f1Xl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of consolidated financial statements in conformity with US GAAP requires management to make certain estimates, judgments and assumptions. We believe these estimates, judgements and assumptions are reasonable, based upon information available at the time they were made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. To the extent there are differences between these estimates, judgments or assumptions and the actual results, our consolidated financial statements will be affected. In many cases, the accounting treatment of a particular transaction is specifically dictated by US GAAP and does not require management’s judgment in its application. There are also areas in which management’s judgment in selecting from available alternatives would not produce a materially different result.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our most critical accounting estimates include: </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif">-</span></td><td style="text-align: justify">Inventory Valuation (see Note 10)</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif">-</span></td><td style="text-align: justify">Recoverability of deferred tax assets (see Note 32)</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif">-</span></td><td style="text-align: justify">Revenue recognition (see Note 27)</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif">-</span></td><td style="text-align: justify">Bonds, mortgages and other long-term debt (see Note 22)</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif">-</span></td><td style="text-align: justify">Convertible note payable, current and noncurrent (see Note 22)</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p>
CY2023Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
2500000 usd
CY2023Q4 wkey Trade Accounts Receivable
TradeAccountsReceivable
5380000 usd
CY2022Q4 wkey Trade Accounts Receivable
TradeAccountsReceivable
2463000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
114000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
64000 usd
CY2023Q4 wkey Accounts Receivables From Other Related Parties
AccountsReceivablesFromOtherRelatedParties
178000 usd
CY2022Q4 wkey Accounts Receivables From Other Related Parties
AccountsReceivablesFromOtherRelatedParties
171000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
27000 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5471000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2573000 usd
CY2023Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
657000 usd
CY2022Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
352000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
346000 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1025000 usd
CY2023Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
5000 usd
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
3000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1025000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4523000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
4205000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2987000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
5230000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
7510000 usd
CY2023 us-gaap Government Assistance Amount
GovernmentAssistanceAmount
1052514 usd
CY2022 us-gaap Government Assistance Amount
GovernmentAssistanceAmount
665734 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1008000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1380000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12044000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8634000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8652000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7792000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3392000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
842000 usd
CY2023 us-gaap Depreciation Nonproduction
DepreciationNonproduction
624000 usd
CY2022 us-gaap Depreciation Nonproduction
DepreciationNonproduction
443000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
491137 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
21591000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
20101000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
21495000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20003000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
96000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
98000 usd
CY2023 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1000 usd
CY2022 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
69000 usd
CY2021 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
72872 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
33000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
68000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7000 usd
CY2023 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
668000 usd
CY2022 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
587000 usd
CY2021 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
695000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2269000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
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668000 usd
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66000 usd
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56000 usd
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2052000 usd
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2081000 usd
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641000 usd
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641000 usd
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615000 usd
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615000 usd
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561000 usd
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561000 usd
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292000 usd
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292000 usd
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160000 usd
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160000 usd
CY2023Q4 wkey Lease Liability Payments Due
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2269000 usd
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188000 usd
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188000 usd
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2081000 usd
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8317000 usd
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108000 usd
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160000 usd
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409000 usd
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3320000 usd
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449000 usd
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237000 usd
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213000 usd
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263000 usd
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279000 usd
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29000 usd
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98000 usd
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100000 usd
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278000 usd
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606000 usd
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194000 usd
CY2023 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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1175000 usd
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14143000 usd
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16938000 usd
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184000 usd
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190000 usd
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263000 usd
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98000 usd
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98000 usd
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153000 usd
CY2023 wkey Net Benefits Paid To Participants Reconciliation
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CY2021 wkey Net Benefits Paid To Participants Reconciliation
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223000 usd
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370000 usd
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CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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11867000 usd
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16938000 usd
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CY2021Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
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263000 usd
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148000 usd
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152000 usd
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CY2022 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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CY2021 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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194000 usd
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6000 usd
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227000 usd
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185000 usd
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1005000 usd
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CY2021 wkey Defined Benefit Plan Actuarial Gain Loss On Liabilities From Change To Fin Assumptions
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CY2021 wkey Defined Benefit Plan Actuarial Gain Loss On Liabilities From Change To Demo Assumptions
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109000 usd
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CY2021 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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270000 usd
CY2023 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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CY2021 wkey Defined Benefit Plan Currency Translation Balance Sheet Adjustment
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CY2021 wkey Defined Benefit Plan Net Gain Loss Currency Translation Adjustment
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CY2021Q4 wkey Defined Benefit Plan Net Gain Loss
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CY2023 wkey Employee Benefit Plan Prior Service Cost Credit
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CY2023 wkey Defined Benefit Plan Prior Service Costs Credits Amortization
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CY2021 wkey Defined Benefit Plan Prior Service Costs Credits Amortization
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CY2022 wkey Defined Benefit Plan Prior Service Costs Credits Currency Translation Adjustment
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CY2021 wkey Defined Benefit Plan Prior Service Costs Credits Currency Translation Adjustment
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CY2022Q4 us-gaap Defined Benefit Plan Expected Amortization Of Prior Service Cost Credit Next Fiscal Year
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
23537000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
20759000 usd
CY2023Q4 wkey Add Back Loss Carryforwards Used For Debt Remission By Wisekey Semiconductors Sas
AddBackLossCarryforwardsUsedForDebtRemissionByWisekeySemiconductorsSas
828000 usd
CY2022Q4 wkey Add Back Loss Carryforwards Used For Debt Remission By Wisekey Semiconductors Sas
AddBackLossCarryforwardsUsedForDebtRemissionByWisekeySemiconductorsSas
1342000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
21649000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
18967000 usd
CY2023Q4 wkey Income Tax Deferred Tax Assets Liabilities Net
IncomeTaxDeferredTaxAssetsLiabilitiesNet
3077000 usd
CY2022Q4 wkey Income Tax Deferred Tax Assets Liabilities Net
IncomeTaxDeferredTaxAssetsLiabilitiesNet
3295000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
17424000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
181737000 usd
CY2023Q4 wkey Segment Assets
SegmentAssets
93007000 usd
CY2022Q4 wkey Segment Assets
SegmentAssets
82858000 usd
CY2021Q4 wkey Segment Assets
SegmentAssets
100787000 usd
CY2023 us-gaap Revenues
Revenues
30918000 usd
CY2022 us-gaap Revenues
Revenues
23814000 usd
CY2021 us-gaap Revenues
Revenues
17646000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-15219000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13045000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-23459000 usd
CY2023Q4 us-gaap Assets
Assets
47801000 usd
CY2022Q4 us-gaap Assets
Assets
49496000 usd
CY2023 us-gaap Revenues
Revenues
30918000 usd
CY2022 us-gaap Revenues
Revenues
23814000 usd
CY2021 us-gaap Revenues
Revenues
17646000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3392000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
842000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15360000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-27475000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20340000 usd
CY2023Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
178000 usd
CY2022Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
171000 usd
CY2023Q4 us-gaap Other Notes Payable
OtherNotesPayable
1009000 usd
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
496000 usd
CY2023 us-gaap Other General Expense
OtherGeneralExpense
1144000 usd
CY2022 us-gaap Other General Expense
OtherGeneralExpense
983000 usd
CY2021 us-gaap Other General Expense
OtherGeneralExpense
1136000 usd
CY2023 us-gaap Other Income
OtherIncome
119000 usd
CY2022 us-gaap Other Income
OtherIncome
157000 usd
CY2021 us-gaap Other Income
OtherIncome
71000 usd

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