Stocktoria
SEALSQ Corp LAES
Nasdaq · XNAS · stock · Semiconductors & Related Devices · website · IPO 2023-05-19
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4/9
Piotroski F — financial health
15.82
Altman Z″ — distress risk · safe
—
Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Financials | ||||
| Revenue | $18.3M | $11.0M | $30.1M | $23.2M |
| Gross profit | $8.6M | $3.7M | $14.0M | $9.8M |
| Operating income | -$39.8M | -$17.2M | -$4.1M | $2.6M |
| Net income | -$34.2M | -$21.2M | -$3.3M | $5.8M |
| Operating cash flow | -$31.3M | -$10.1M | -$2.7M | $446,000 |
| Free cash flow | -$32.0M | -$10.7M | -$5.8M | $147,000 |
| Total assets | $504.2M | $97.6M | $27.9M | $21.7M |
| Total liabilities | $42.7M | $21.1M | $22.9M | $21.4M |
| Shareholders' equity | $461.5M | $76.5M | $4.7M | $212,000 |
| Ratios | ||||
| Gross margin | 47.3% | 33.9% | 46.7% | 42.2% |
| Operating margin | -218.1% | -156.6% | -13.8% | 11.1% |
| Net margin | -187.3% | -193.1% | -10.9% | 24.9% |
| FCF margin | -175.3% | -97.4% | -19.2% | 0.6% |
| Return on assets | -6.8% | -21.7% | -11.7% | 26.6% |
| Return on equity | -7.4% | -27.7% | -69.0% | 2721.7% |
| Debt / equity | 0.00× | — | — | — |
| Current ratio | 15.92 | 5.51 | 2.32 | 1.52 |
| Revenue growth | 66.2% | -63.5% | 29.6% | — |
Why these scores methodology →
Piotroski F-score: 4/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: 15.82 (safe)
- Working capital / assets 0.836
- Retained earnings / assets -0.151
- EBIT / assets -0.079
- Equity / liabilities 10.815
Sector peers
VFS · TM · HMC · SONY · AAPL · XOM · all Manufacturing →
Source: SEC EDGAR filings · CIK 0001951222 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.