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Sealsq Corp is a technology company specializing in secure semiconductors and digital security solutions for connected devices. The company focuses on secure microcontrollers, post-quantum cryptography chips, and IoT trust services designed to protect data, identities, and communications across modern digital infrastructures. Its products are used in applications such as multifactor authentication, home automation, IT networks, automotive systems, and industrial control environments, where robust hardware-based security is critical. Sealsq Corp offers an integrated architecture combining secure elements, RISC-V–based platforms, and public key infrastructure services to enable device authentication, secure provisioning, and lifecycle management at scale. Headquartered in Cointrin, Switzerland, the company serves customers in multiple regions, with a significant share of its business in North America. Through its focus on quantum-resistant security and embedded trust, Sealsq Corp plays a specialized role in the information technology and semiconductor industry, supporting manufacturers, service providers, and infrastructure operators that require high-assurance security components.
$2.54
$0.00 (-0.20%)
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The business is unprofitable at the operating level (-218.08% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 66.2%, still solid. Margins contracted 61.5pp, which offsets some of the top-line progress.
Negative free cash flow of -$33M. The business is consuming cash, not generating it. Operating margin contracted 61.5pp YoY, cost discipline may be slipping.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$18M
▲ +66.2% YoY
Net Income (TTM)
-$34M
▼ -61.3% YoY
Op. Margin
-218.08%
▼ -61.5pp YoY
ROIC
-11.33%
▲ +14.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$33M
▼ -203.9% YoY
Op. Cash Flow (TTM)
-$19M
▼ -185.5% YoY
Net Debt
-$420M
Net Cash Position
Cash & Equiv.
$428M
3Y CAGR: -7.7%
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Sealsq (LAES)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Sealsq scores 10/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Sealsq scores 10 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -218.1% operating margin and a -11.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh LAES's valuation and scores 10/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.