Here is why WISeKey International Holding AG (WKEY) stock is soaring in the pre-market on Thursday?

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WISeKey International Holding AG (WKEY) shares are surging 4.06% to trade at $6.41 in pre-market on Thursday, October 14, 2021, at last check. Yesterday, WKEY’s stock gained 4.05% to close Wednesday’s session at $6.16. WKEY shares have fallen 1.60% over the last 12 months, and they have moved up 0.33% in the past week. Over the past three months, the stock has lost 9.28%, while over the past six months, it has declined 34.19%.

Let’s see what’s going on with the company?


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WKEY recent financial results

On October 13, 2021, WISeKey International Holding Ltd (WKEY), reported its preliminary unaudited financial results for the 9 months ended September 30, 2021.

9 months preliminary financial results

  • WKEY reported revenue of $4 million in the first 9 months of 2021 compared to $11.5 million in the same period in 2020.
  • WISeKey’s cash reserves amount to $33.7 million, as of October 1, 2021.

WKEY Trust Protocol Association

On October 11, 2021, WISeKey International Holding Ltd (WKEY) announced that Trust Protocol Association is now fully operational. The purpose of the Association is to establish a new Trust Protocol for the Internet by combining traditional Cryptographic Trust Models with permission for Blockchain transactions through strong authentication provided by the OISTE WISeKey Root of Trust.

WKEY new NFC element

On October 6 2021, WISeKey International Holding, (WKEY) released its new NanoSealRT Near Field Communication (NFC) secure element to allow any object to authenticate itself and create its NFT by combining in tiny tags original innovative features such as authentication algorithms, tamper/opening detection and efficient radio communication with its TrustedNFT.IO Platform.

WKEY entry into the humanitarian world of NFTs

On October 4, 2021, WISeKey International Holding Ltd (WKEY) teamed up with the OISTE.ORG foundation, to enter the humanitarian world of Non-Fungible Tokens (NFTs) through the WISeKey TrustedNFT.IO platform.

WKEY Joins Multistakeholder Manifesto

On September 30, 2021 – WISeKey International Holding Ltd joined over 50 global organizations and has become a signatory of the Multistakeholder Manifesto on Cybercrime, aiming to raise awareness of the upcoming United Nations (“UN”) negotiations on cybercrime and prioritize human-centric equities within the proposed UN Cybercrime Treaty.

Auction of a historical Jiaozi NFT

On September 28, 2021 – WISeKey International Holding (WKEY), joined forces with The Chinese Museum of Finance to offer Trusted NFTs with the launch of WISe.ART NFT platform. The WISe.ART NFT Platform is an Ethereum scaling and infrastructure development and is available with Ethereum-compatible blockchains. The WISe.ART platform will auction a historical NFT of the world’s first paper money created in China in 1024.

Conclusion

WISeKey stock is surging in pre-market after the company announced better financial results for the nine months yesterday. We can expect it to continue its surge in the coming trading sessions as well.

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