WISeKey International Holding AG (NASDAQ:WKEY) Q1 2023 Earnings Conference Call May 2, 2023 9:00 AM ET

Company Participants

Carlos Moreira - Founder & Chief Executive Officer

Peter Ward - Chief Financial Officer

Conference Call Participants

Matthew Galinko - Maxim Group

Kevin Dede - H.C. Wainwright

Operator

Greetings, ladies and gentlemen and welcome to the WISeKey International Full Year 2022 Financial Results Earnings Conference Call.

As a reminder, this conference call contains forward-looking statements. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holdings to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holdings is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise. [Operator Instructions]

As a reminder, this conference call is being recorded. It is now my pleasure to introduce your host, Mr. Carlos Moreira, Founder and Chief Executive Officer of WISeKey. Mr. Moreira, you may begin.

Carlos Moreira

Thank you very much. Good afternoon to all of you joining us today from both Europe, United State and in some cases, from South America. I am joined today here in our call with our Chief Financial Officer, Peter Ward, that he will be providing a financial briefing after my introduction. Before the opening floor, we will also have a Q&A on which we will discuss growth opportunity for 2023 and beyond.

So 2023 was a year of major milestone of WISeKey, but it's also a transitional year as we made the strategic decision to operate as a holding company of several distinctive operational company that has been operated by WISeKey since many years, covering the full spectrum of WISeKey-related technology. So current holding company structure, WISeKey has 4 companies. One is WISeKey SA, société anonyme in French, which is the original start-up, which is very much focused on everything, which is cybersecurity, public infrastructure, digital identity with a very famous digital identity project with a name WISeID.

Then we have the semiconductor, which is the name of this company, has been renamed to CL SQ, S for semiconductor, Q for Quantum, which is a company that has been a spin-off from the holding company and is now in the process of doing its own listing on the Nasdaq, the 26th of May and on which last week, the shareholders approved the spinoff and the listing on the Nasdaq. Then we have 2 start-ups that they have been added during 2020. One is isatpace, which is a space technology picosatellite company. So this company has launched in cooperation with another start-up with the name FOSSA, 13 picosatellite using SpaceX. So we have now 13 picosatellite in low orbit that they are being used to collect data from the sensors that we are installing in all sort of equipment, and we'll come back later to that.