Benzinga | Sep 28, 2021 06:27AM EDT

WISeKey Clocks 24% Revenue Growth In 1H

* WISeKey International Holding Ltd (NASDAQ:WKEY) reported 1H 2021 revenue growth of 24% year-on-year to $9.9 million.

* A new revenue stream from AI activities brought by acquiring a controlling interest in arago drove the growth.

* Revenue from EMEA rose 57.5% Y/Y to $4.67 million. Revenue from North America grew 9.5% Y/Y to $4.71 million.

* WISeKey's operating loss widened to $(11.2) million in the six months ended June 30, 2021, versus $(7.3) million last year.

* WISeKey's net loss narrowed to $(6.1) million in the six months ended June 30, 2021, against a $(8.9) million loss in the prior year.

* WISeKey held $38.6 million in cash and equivalents.

* Price Action: WKEY shares closed higher by 1.29% at $7.04 on Monday.