Alphawave IP Group plc (LON:AWE), Alphawave Semi, a global leader in high-speed connectivity and compute for the world’s technology infrastructure, has published its trading and business update for the three months ended 30 September 2024.
| New Bookings (US$m) | Q3 2024 | Q3 2023 | Change |
| Licence and NRE | 93.8 | 42.9 | 119% |
| Royalties and Silicon Orders | 10.7 | 30.1 | (64)% |
| New Bookings | 104.5 | 72.9 | 43% |
Due to rounding, numbers presented in the table may not add up to the totals provided and percentages may not precisely reflect the absolute figures. There were no new design wins in Q3 2024 or Q3 2023 generated from FSA drawdowns and re-sale licences.
Tony Pialis, President and Chief Executive Officer, said: “For the first time, we have secured over US$100m per quarter in new bookings over an entire year. This is a major sales milestone for the Company as we scale all our revenue streams. In addition to consistent strength in IP licensing and NRE, we also saw repeat and multiple design wins with chiplets leveraging the Arm UCIe IP. We are also pleased to have received the prestigious TSMC OIP Partner of the Year award for the fifth year straight. This is the ultimate validation of our continued technology leadership in connectivity.”
John Lofton Holt, Executive Chairman of Alphawave Semi, said: “2024 has been a transition year for the Company, as anticipated. Now this transition is playing out favourably in the numbers. Our continued momentum gives us strong confidence in our mid-term guidance and underpins our ambition for US$1B revenue run rate in 2027.”
