Alphawave IP Signals Future Growth Amidst Revenue Shift

Alphawave IP Group (GB:AWE) has released an update.

Alphawave IP Group PLC reports a first-half revenue of $91 million, a decrease from the previous year, alongside a $12 million adjusted EBITDA loss due to strategic shifts in business focus. Nevertheless, the company maintains a strong booking increase of 20% to $225 million and a robust non-cancellable backlog of $486 million, signaling confidence in future growth. Investments in advanced connectivity solutions like chiplets are expected to drive significant revenue in the latter half of 2024 and beyond.

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