Alphawave IP Group plc (LON: AWE), Alphawave Semi, a global leader in ultra-high-speed data connectivity for AI, compute and network architectures, has published its trading and business update for the three months ended 31 December 2024.
· Most successful bookings quarter in the Company’s history with US$185.7m in bookings1.
– includes US$99.9m in new intellectual property (“IP”) and custom silicon non-recurring engineering (“NRE”) along with US$85.8m in new silicon orders1.
· Annual bookings1 exceed US$515m, underpinning long-term growth targets.
· Based on preliminary, unaudited figures, 2024 Adjusted EBITDA1 now expected to exceed US$50m with revenue1 for 2024 expected at the lower end of the guidance1 range of US$310m to US$330m.
· Secured first silicon products revenue from the Company’s Connectivity Products Group focused on enabling optical interconnect needs within hyperscale data centers.
