Sealsq Corp
Sealsq Corp is a semiconductor company that designs and develops secure data storage and encryption solutions for enterprise and government clients.
Business. Sealsq Corp (LAES.O) is a technology company operating in the semiconductors industry, primarily engaged in the sale of semiconductor products. The firm is headquartered in Canada and is listed on the Oslo Stock Exchange under the ticker LAES.O. Specific details regarding its operating segments and geographic revenue mix are not available.
Analyst recommendations
2 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ2 2026 earnings (expected)2026-07-28 · estimated
- Peers
- EarningsQ2 2026 earnings (expected)2026-07-23 · estimated · Intel (INTC)
- EarningsQ2 2026 earnings (expected)2026-08-26 · estimated · NVIDIA (NVDA)
- EarningsQ3 2026 earnings (expected)2026-09-28 · estimated · Broadcom (AVGO)
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Sealsq Corp (LAES.O) is a technology company operating in the semiconductors industry, primarily engaged in the sale of semiconductor products. The firm is headquartered in Canada and is listed on the Oslo Stock Exchange under the ticker LAES.O. Specific details regarding its operating segments and geographic revenue mix are not available.
Sealsq Corp has a strong liquidity position, with cash and equivalents amounting to $417.66 million, which is significantly higher than its total liabilities of $42.67 million, resulting in a current ratio of 15.92. The company's price-to-book ratio is 1.6, indicating that the market value is slightly above the book value, while the price-to-tangible-book ratio is also 1.6, suggesting a similar valuation relative to tangible assets.
The company's profitability is currently negative, with a net income of -$34.19 million and an operating income of -$39.80 million. Its return on equity is -7.41%, and return on assets is -6.78%, both significantly below the industry median for semiconductor companies. These figures indicate that Sealsq Corp is not generating returns for its shareholders and is underperforming in asset utilization.
Sealsq Corp's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of diversification could pose a risk if demand in its primary market segment or region declines.
The company's growth trajectory is uncertain, with no specific revenue growth projections provided in the available data. However, the operating cash flow is negative at -$31.26 million, and the free cash flow is also negative at -$43.22 million, indicating that the company is not generating sufficient cash from operations to fund its activities. The capital expenditure of -$11.29 million suggests that the company is investing in its operations, but the negative cash flows indicate that these investments are not yet yielding positive returns.
The risk assessment for Sealsq Corp indicates low liquidity and dilution risks, with no immediate filing-based liquidity or dilution flags detected. The company's debt-to-equity ratio is 0.0, indicating that it is not leveraging debt to finance its operations, which reduces financial risk. However, the negative operating and net income suggest that the company may need to seek additional financing in the future, which could lead to dilution for existing shareholders.
Recent events, as disclosed in the available data, do not include any specific filings or transcripts that would indicate significant changes in the company's operations or financial position. The company's mean price target from analysts is $6.00, with a median price target of $6.00, suggesting that analysts have a generally positive outlook on the company's future performance.
- Sealsq Corp has a strong liquidity position with a current ratio of 15.92, indicating that it has sufficient cash and equivalents to cover its liabilities.
- The company is currently unprofitable, with a net income of -$34.19 million and an operating income of -$39.80 million, and its return on equity and return on assets are both negative.
- Sealsq Corp's revenue is concentrated in a single business segment, and there is no geographic diversification provided in the available data, which could pose a risk if demand in its primary market declines.
- The company's operating and free cash flows are negative, indicating that it is not generating sufficient cash from operations to fund its activities, and it may need to seek additional financing in the future.
- Analysts have a generally positive outlook on Sealsq Corp, with a mean price target of $6.00 and a median price target of $6.00, suggesting that the company has potential for future growth.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -0,17 |
| Revenue | —no estimate | —no estimate | 31,6M USD |
| Operating income | —no estimate | —no estimate | -35,5M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director · Employee Stock Option Plan (right to buy) → Ordinary SharesDisposed 13 649 @ $0,01exercise · 2026-06-16
- Director · Employee Stock Option Plan (right to buy) → Ordinary SharesDisposed 353 097 @ $0,01exercise · 2026-06-16
- Vice President, R&DSS · Employee Stock Option Plan (right to buy) → Ordinary SharesAcquired 60 000 @ $0,01grant · 2026-06-01
- Vice President, R&DSS · Employee Stock Option Plan (right to buy) → Ordinary SharesDisposed 15 000 @ $0,01exercise · 2026-06-01
- Vice-President, Global Sales · Employee Stock Option Plan (right to buy) → Ordinary SharesDisposed 20 000 @ $0,01exercise · 2026-05-11
- Vice President, R&DSS · Employee Stock Option Plan (right to buy) → Ordinary SharesDisposed 15 000 @ $0,01exercise · 2026-05-04
- Director, Chief Financial Officer · Employee Stock Option (right to buy) → Ordinary SharesAcquired 130 500 @ $0,01grant · 2026-04-13
- Director, Chief Financial Officer · Employee Stock Option (right to buy) → Ordinary SharesDisposed 130 500 @ $0,01exercise · 2026-04-13
- Chief Innovation Officer · Employee Stock Option Plan (right to buy) → Ordinary SharesDisposed 10 000 @ $0,01exercise · 2026-04-07
- Vice President, R&DSS · Employee Stock Option Plan (right to buy) → Ordinary SharesDisposed 15 000 @ $0,01exercise · 2026-04-06
- Director, Chief Financial Officer · Employee Stock Option (right to buy) → Ordinary SharesAcquired 100 000 @ $0,01grant · 2026-03-30
- Director, Chief Financial Officer · Employee Stock Option (right to buy) → Ordinary SharesAcquired 100 000 @ $0,01exercise · 2026-03-30
- Vice-President, Global Sales · Employee Stock Option (right to buy) → Ordinary SharesDisposed 15 000 @ $0,01exercise · 2026-03-27
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- Sealsq Corp Market data — financials · 2026-05-28
- Sealsq Corp Market data — analyst estimates · 2026-05-28
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$2M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2024-06-300,00 %$0M
Insider activity
- Director · Ordinary SharesOther 366 746 @ $0,01$4K · 2026-06-16
- Director · Ordinary SharesOther 96 530 @ $3,07$296K · 2026-06-16
- Director, Chief Executive Officer · Ordinary SharesSold 300 @ $3,51$1K · 2026-06-05
- Director, Chief Financial Officer · Ordinary SharesSold 143 @ $3,51$502 · 2026-06-05
- Director, Chief Executive Officer · Ordinary SharesSold 7 005 @ $3,53$25K · 2026-06-03
- Director, Chief Financial Officer · Ordinary SharesSold 5 582 @ $3,53$20K · 2026-06-03
- Vice President, R&DSS · Ordinary SharesSold 15 000 @ $3,51$53K · 2026-06-03
- Director, Chief Executive Officer · Ordinary SharesSold 10 000 @ $3,69$37K · 2026-06-02
- Director, Chief Financial Officer · Ordinary SharesSold 10 000 @ $3,69$37K · 2026-06-02
- Vice President, R&DSS · Ordinary SharesOther 15 000 @ $0,01$150 · 2026-06-01
- Director, Chief Financial Officer · Ordinary SharesSold 10 000 @ $3,51$35K · 2026-05-29
- Director, Chief Executive Officer · Ordinary SharesSold 10 000 @ $3,51$35K · 2026-05-29
- Director, Chief Financial Officer · Ordinary SharesSold 4 689 @ $3,50$16K · 2026-05-27
- Director, Chief Executive Officer · Ordinary SharesSold 4 139 @ $3,50$15K · 2026-05-27
- Vice-President, Global Sales · Ordinary SharesSold 20 000 @ $2,90$58K · 2026-05-14
- Vice-President, Global Sales · Ordinary SharesOther 20 000 @ $0,01$200 · 2026-05-11
- Vice President, R&DSS · Ordinary SharesSold 15 000 @ $3,13$47K · 2026-05-06
- Vice President, R&DSS · Ordinary SharesOther 15 000 @ $0,01$150 · 2026-05-04
- Director, Chief Financial Officer · Ordinary SharesSold 5 250 @ $2,91$15K · 2026-04-24
- Director, Chief Financial Officer · Ordinary SharesSold 10 000 @ $2,88$29K · 2026-04-23
- Director, Chief Financial Officer · Ordinary SharesSold 10 000 @ $3,06$31K · 2026-04-22
- Director, Chief Financial Officer · Ordinary SharesSold 10 000 @ $3,04$30K · 2026-04-21
- Director, Chief Financial Officer · Ordinary SharesSold 10 000 @ $2,79$28K · 2026-04-20
- Director, Chief Financial Officer · Ordinary SharesSold 10 000 @ $2,72$27K · 2026-04-17
- Director, Chief Financial Officer · Ordinary SharesSold 10 000 @ $2,69$27K · 2026-04-16
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Debt-to-equity (FY 2025-12-31): 0.09xDerived (calculated)
- Return on assets (FY 2025-12-31): -6.8%Derived (calculated)
- Current ratio (FY 2025-12-31): 15.92xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): 30.1%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 393.5%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): 42.0%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): 131.5%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -61.3%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -208.7%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -131.5%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): 150.3%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 66.2%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 503.4%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 416.8%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 102.4%Derived (calculated)
- Net margin (FY 2025-12-31): -187.3%Derived (calculated)
- Gross margin (FY 2025-12-31): 47.3%Derived (calculated)
- Return on equity (FY 2025-12-31): -7.4%Derived (calculated)
- Revenue (annual): USD 18.25MSEC XBRL filing
- Cost of revenue (annual): USD 9.62MSEC XBRL filing
- Shareholders' equity (annual): USD 461.51MSEC XBRL filing
- Long-term debt (annual): USD 1.68MSEC XBRL filing
- Net income (annual): USD -34.19MSEC XBRL filing
- Capex (annual): USD 743KSEC XBRL filing