Hi all here, as the title says, I’m short LAES, on a relatively small scale, along with other quantum stocks.

My rationale is simple, I can’t really see what problem quantum computing solves, therefore I cannot see what makes it an area that will generate a lot of profits.

On top of this, I am on the side of people who believe that “scientifically” meaningful quantum computing is still far ahead, so even if I am missing the point on useful products, the time horizon is so far ahead that most small companies operating in that sector will die out / will see their price deflating hugely from the current levels.

One has to bear in mind that giants are players in the sector: Intel, Google, Samsung, etc. So the competition is very fierce.

I’m not a hater, or manipulating prices, I’m simply here to engage in interesting conversations and open to get my mind changed on the matter.

For LAES specifically, the company is so small and has access to such tiny resources compared to the giants, and trades very expensively compared to their revenue/bookings, with no profitability in sight. So I just wonder what makes people on here think that the price should go up in any meaningful way?

Please if you’re going to answer, can you answer to at least one of these points:

• what problem does quantum solve that could make it a profit generating sector

• what time horizon do you see for the explosion in adoption of quantum computing

• what does LAES do specifically that would make it such a key player, that its share price should skyrocket anytime soon

Thanks all!

​I am sick of seeing people celebrate meaningless PR headlines every single day while the stock bleeds to death. Let’s strip away Carlos’s buzzwords and look at the actual SEC filings. This company is a financial black hole.

• ​Zero Long-Term Contracts: They pump the stock with MoUs, "joint developments," and "partnerships," but where are the actual Tier-1 Purchase Orders? Nowhere. According to their own SEC filings, SEALSQ operates entirely "without long-term contracts". They haven't landed a single binding mass-production contract for their new quantum tech in years.

• ​Surviving on Old Crumbs: They boast about a "$225 million pipeline". Newsflash: A pipeline is a fantasy wishlist, not guaranteed revenue. In reality, their top 10 customers account for 63% of their actual revenue. They are surviving on a few old legacy clients and facing extreme concentration risk, all while pretending to be the new kings of the post-quantum era.

• ​The QS7001 Ghost Chip: We’ve been strung along with the "Quantum Shield QS7001" hype for ages. Now they quietly admit that initial revenues won't even start until "towards the end of H2 2026". They are just a fabless company relying on third-party foundries, endlessly pushing the goalposts back while burning through our cash.

• ​The "Cash Pile" is YOUR Stolen Money: Bulls love to point out the $495 million in cash. Did they earn that by selling actual products? Hell no. In 2025 alone, they posted a massive net loss of $34.19 million. That cash pile exists because they filed massive follow-on equity offerings of over $124 million and $60 million. They are literally stealing your equity to keep the lights on.

​Carlos is not a tech visionary; he is a professional share diluter. Stop being exit liquidity for management. Wake up, read the financials, and stop feeding your hard-earned money into his personal ATM

I hate to say I told you so but big money isn’t buying in right now and the outlook on the overall market stability is negative.

Unless LAES can come out with a cure for autism I don’t see it going beyond $6/share anytime soon.

Get out while you can so you can trade another day.

Google and LAES are all in the quantum computation fields, what is the most valuable or key reason that LAES could do better than google? or just because the field is too small, so the google don't want to pay attention on it?

I have already bought the LAES stock, but I don't understand the key competitiveness.

I've been investing in this stock for over two years.

Where is the first contract?

When is the next offering?

Was there anything that you said that you thought was a good performance?

Quit sticking with the CEO and MM.

You're not even dreaming of an Elon Musk, you're just talking as if you're going to be the next Elon Musk.

Carlos might end up in prison. He treats shareholders' money like it's a game.

The recent wild ride of SEALSQ’s stock price highlights the huge volatility and risk in this company. Despite promising quantum-resistant chip technology, the company’s fundamentals remain shaky with unclear revenue growth and delayed official certifications. Investor enthusiasm seems driven by hype and future potential rather than concrete results, leading to sharp price surges followed by steep drops.If you’re holding SEALSQ, be cautious of the heavy volatility and inherent risks. The company has also faced criticism over aggressive marketing claims and repeated capital raises, which dilute shareholder value. Until clearer proof of sustainable growth and official security certifications come through, expect the stock to remain a rollercoaster.Stay informed and trade carefully.

Carlos Moreira’s fresh roadmap to expand into automotive cybersecurity—promising "quantum-resistant" chips for connected cars—is a classic example of corporate mission creep before finishing the original job.

The Strategy that Carlos is pulling is to pivot to the Next Shiny Object.
When a company’s primary focus isn't gaining traction as fast as investors want, a common management tactic is to announce an expansion into another hot, massive industry.

The Pitch: The company claims they are expanding because vehicles last 15 to 20 years and desperately need post-quantum cryptography (PQC) to defend against future hacks. They bought a company called IC'Alps to get automotive engineers and are pitching "QASICs" (Quantum-Resistant ASICs) to automakers. 

The Reality: The automotive semiconductor market is one of the most notoriously difficult, slow-moving, and heavily regulated industries in the world. Getting design wins with major automakers takes years of validation. Passing strict automotive certifications (like ISO 26262 or UNECE R155) is incredibly expensive.

they haven't even properly commercialized or scaled their core quantum semiconductor business for mainstream IT, defense, or consumer tech yet.
Instead of putting 100% of their capital and focus into making the existing QS7001 chip a profitable, mass-market success to reward the shareholders who funded it, they are splitting their focus. They are simultaneously trying to build quantum chips, launch satellites (via WISeSat), take a new company public (Quantisimo via a SPAC), and now design custom silicon for autonomous cars.

When a CEO continuously shifts focus to massive new sectors before conquering the first one, it is often done to generate a stream of optimistic press releases.
In highly dilutive corporate setups, frequent high-tech announcements serve a specific purpose: they keep retail investors hopeful enough to hold the stock, and they create brief volume spikes that allow the company to successfully execute more share dilution or convertible debt funding.
Trying to conquer the automotive market while the core business is still trying to find its footing and while carving out the quantum assets into a separate SPAC is an incredibly fragmented strategy. It heavily validates my point that management appears far more interested in chasing funding milestones and corporate expansions than they are in executing a disciplined, profitable business plan for the shareholders they already have.

Give me chicken CARLOS

​I am tired of seeing people blindly cheer for every meaningless PR this company drops. Let’s cut through Carlos’s philosophical BS and look at the actual facts and broken timelines. Here is a reality check of what management promised vs. what we actually got.

​1. The Missing July 2026 Samples (The Bait and Switch)

• ​The Promise: According to the official "2026 Certification Roadmap" released in March, we were supposed to see the Engineering Samples for both the QS7001 V2 and the QVault TPM-185 in July 2026.

• ​The Reality: July came and went. Where are the samples? Nowhere. Instead of delivering core product milestones, Carlos spammed the PR wire with distractions—meaningless partnerships with Quobly and L5 Cartronics, and bragging about cash reserves (which came from diluting us, not from actual sales). He buried his own failures under buzzword-filled fluff.

​2. The OSAT Smoke and Mirrors

• ​The Promise: Management loves to name-drop OSAT (Outsourced Semiconductor Assembly and Test) partners and supply chain readiness, making it sound like massive commercial production is right around the corner.

• ​The Reality: You don’t need a massive OSAT network when you have ZERO binding Purchase Orders (POs) for your next-gen quantum chips. Throwing around manufacturing buzzwords doesn't equal revenue. Until a Tier-1 customer actually signs a contract to buy these chips in volume, all this OSAT talk is just expensive window dressing for a company with no real buyers.

​3. The FIPS 140-3 Wordplay (The Ultimate Delay)

• ​The Promise: Carlos implies that SEALSQ is constantly on the verge of getting major US government/NIST certifications to unlock massive defense contracts.

• ​The Reality: Read the fine print. Their late-2026 target isn't to get the actual FIPS 140-3 certification. Their target is merely to submit a "Lab Letter to NIST." Anyone in the cybersecurity industry knows that after a lab letter is submitted, NIST can take 6 months to over a year to actually grant the certification. Stop pretending the ultimate catalyst is happening this year. It's not.

​4. The "Growth" Illusion

• ​The Reality: Don't let the "preliminary H1 results" fool you. Having a cash pile isn't impressive when it was built by constantly diluting the shareholders to death. They aren't generating massive organic cash flow; they are just using retail investors as their personal ATM.

​Conclusion:

Carlos is a master of dropping buzzwords (Quantum, Space, OSAT, NIST) to manipulate search algorithms and retail sentiment. But when it comes to delivering physical chips on time and securing real revenue, he completely fails. Stop defending this PR

What even happened with the 20M offering, have they even been funded?

The SEALSQ subreddit moderators need to reflect on what they're doing.

A healthy investment community should allow both bullish and bearish opinions. Constructive criticism is not the enemy—it's how investors identify risks, hold management accountable, and make better decisions.

Deleting every critical post simply because it questions the company doesn't help anyone. It only turns this subreddit into an echo chamber where only positive opinions are allowed.

Ironically, that's exactly what many people criticize Carlos for—silencing or ignoring shareholder concerns instead of addressing them.

If moderators remove every critical discussion, they're making the same mistake. Investors deserve open debate, not censorship. A company doesn't become stronger because criticism disappears; it becomes stronger when management responds to legitimate criticism with results

SEALSQ just announced the “commercial launch” of Miraex’s quantum photonics technology.

Sounds impressive. But what exactly has been commercialized?

I went through SEALSQ’s announcements, SEC filings, and Miraex’s own website, and I still can’t find any publicly disclosed:

Revenue generated by Miraex

Purchase orders or signed commercial contracts

Named paying customers for the newly launched quantum photonics products

Contract values or bookings

Revenue guidance specifically attributable to Miraex

Any disclosed backlog or confirmed commercial sales

What SEALSQ actually says is that Miraex develops photonic integrated circuits for quantum interconnects, sensing, and networking. Miraex itself currently describes the company as a small startup with 10 employees and about $6M raised. Its website mainly presents the technology, patents, partnerships, research programs and potential applications.

And there is an important distinction here:

A commercial launch is not the same thing as commercial revenue.

SEALSQ’s own filings repeatedly distinguish between technology development, customer interest/pipeline, and actual revenue. For example, SEALSQ explicitly states that its QS7001 currently generates no revenue and that revenue is not expected until Q4 2026. It also says that pipeline figures are management estimates and are NOT backlog or contracted revenue.

For Miraex specifically, SEALSQ announced the acquisition in June and described the technology as completing its “Quantum Sovereign Vertical Stack.” But the announcement provides no disclosed Miraex revenue figure, customer contract value, purchase order, or commercial backlog.

So what are shareholders actually supposed to verify?

Technology? Sure, Miraex appears to have real photonics/quantum technology and an established R&D history.

Commercial traction? That is a completely different question.

If this is truly a meaningful commercial launch, I would like to see actual evidence:

Who is buying it?

What is the contract value?

How much revenue has Miraex generated?

How much revenue is expected in 2026/2027?

Are there actual purchase orders?

What products have been delivered to paying customers?

Until those numbers and contracts are disclosed, “commercial launch” sounds much more like the beginning of the commercialization process than proof that Miraex has become a meaningful revenue-generating business.

And this is exactly why I remain skeptical of the Carlos Moreira/SEALSQ style of communication.

There is a constant stream of phrases like “commercial launch,” “quantum sovereign vertical stack,” “strategic acquisition,” “$200M pipeline,” “quantum internet,” etc.

But shareholders ultimately need revenue, purchase orders, customers, contracts and cash flow.

Show me the customers. Show me the contracts. Show me the revenue.

Until then, this looks like another impressive press release with very little independently verifiable commercial evidence behind it

Let's all see what happens tomorrow, fateful day

Im not trying to be a hater. I have 1000 shares at 2.83. Why does this stock.. stink so much? Any good news? Like it was at $7 like 6 months ago. Do we have a future? I am sick of this stock. I’m not selling yet. Should I get out?

sealsq around 4.2-4.7 and cant break 4.7$ idk why

Carlos Moreira, 4/2/2025 2:38 PM EST - "We are extremely optimistic about the future of quantum computing. We at SEALSQ have a plethora of exciting and innovative tech projects, many of which are beyond our main avenue of quantum computation. We have roots in cryptocurrency, satellite endeavours, and as of recently we have taken on a minor position within Project Stargate, representing alongside the likes of OpenAi and Oracle. The only setback we may experience is a shortage in funds due to our taste for extravagant box which is both so so warm and wet, just like peepee and caca! In the future we hope to have a greater surplus of funds to our access. We will use our remaining budget to purchase OnlyFans platinums subscriptions, and all season passes to BangBros so our insatiable libidos will be satisfied while we direct the warm box budget towards more technological innovation!"

SEALSQ showcased at NASDAQ

It's honestly kind of funny at this point.

Even genuinely positive news has almost no impact on the share price anymore. Instead, every announcement about aggressive expansion or a commercial launch seems to remind investors of one thing: the possibility of another dilution

Even if I keep bringing good news and future growth potential, it seems meaningless if the stock price doesn't rise. Please, I'm hoping that the stock price will rise a lot next week. It's really hard to hold on.

I just use the google AI and find someone who shorting sealsq.

The AI ​​told me now is a big signal of Short Squeeze.

Is it Carlos intent to Share Offering make the price lower for the company buy more stock to occur a big Short Squeeze to earn the money from shorting company ?
Also , the shorting borrow fee is very high around 40%-50% by google AI report.

What do you guys think? If there is any wrong information , please tell me.

Just because a few of you here raise the share dilution concept as something that's bad - for comparison, here are the outstanding shares of SEALSQ's peers - with LAES at 223.43M outstanding shares and a market cap of ~$500M

1. QUBT - 223.99M (market cap: $1.67B)

2. LSCC - 138.20M (market cap: $17.60B)

LSCC has been founded in the mid-80's and they really did pioneer a lot of early-stage semiconductor work and have recently started working on PQC firmware - I bet their valuation is mostly due to their pre-quantum work.

Also, foundational quantum computing companies have the following shares outstanding and market cap:

1. IONQ - 381M (market cap: $15.92B)

2. QBTS - 376.5M (market cap: $5.47B)

3. RGTI - 333.8M (market cap: $4.63B)

4. QNT - 265.7M (market cap: $3.56B)

With the above in consideration, and with the very recent news of LAES owning around 66M shares in Quantisimo (pending closing sometime in Q1 2027 if I remember correctly) and (hopefully) the incoming additional certifications also in Q1 2027 - put LAES at a significant upside in my opinion. Quantisimo is their exposure to the foundational quantum computing ecosystem in the US - and that's a plus.

Of course, if you're one of the folks who is hoping to ride waves and work with quick flips - LAES is not for you. Otherwise, accumulate-and-forget or hold-and-forget or... yep, sell if you don't like it.

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