Sealsq vs Quicklogic
Sealsq is the larger business, with $18.3m of revenue in fiscal 2025 against $13.8m for Quicklogic (1.3 times as much). Sealsq grew faster (66.2% against -29.9%). Quicklogic kept more of each dollar of sales as profit: a net margin of -107.6% against -187.3%. Sealsq carries less debt relative to equity (0.5% against 4.1%).
| Latest fiscal year | SealsqLAES, 2025 | QuicklogicQUIK, 2025 |
|---|---|---|
| Revenue | $18.3m | $13.8m |
| Revenue growth | 66.2% | -29.9% |
| Net income | −$34.2m | −$14.8m |
| Operating margin | -218.1% | -86.5% |
| Net margin | -187.3% | -107.6% |
| Return on equity | -12.7% | -62.6% |
| Free cash flow | −$32.0m | −$6.4m |
| Cash | $418m | $18.8m |
| Total debt | $2.4m | $926,000 |
| Debt to equity | 0.5% | 4.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $264m | $155m |
| Price vs our value range | — | — |
| Moat score | — | 19 (Weak) |
| Insider trades, 12 months | 0 buys, 38 sales | 0 buys, 20 sales |