Alphawave IP Group ( (GB:AWE) ) has shared an announcement.
Alphawave IP Group plc reported record bookings of $515.5 million for the year ended December 31, 2024, reflecting a 34% increase year-on-year, driven by strong demand for its connectivity technology. Despite a 4% decrease in total revenue to $307.6 million, the company maintained its leadership in connectivity technology for data centers and AI, and expanded its IP product portfolio to over 240 silicon IPs. The company also launched a dedicated chiplet group and achieved significant design wins, strengthening partnerships with major industry players like TSMC, Samsung, and Arm. However, the company reported an operating loss of $32.8 million and a net loss of $42.5 million, with uncertainties in global economic conditions affecting future guidance.
More about Alphawave IP Group
Alphawave Semi is a global leader in high-speed connectivity solutions for technology infrastructure, addressing the critical need for faster, more reliable data transmission with higher performance and lower power. As a vertically integrated semiconductor company, Alphawave Semi provides IP, custom silicon, connectivity products, and chiplets for data centers, compute, networking, AI, 5G, autonomous vehicles, and storage.
YTD Price Performance: 43.30%
Average Trading Volume: 2,011,170
Technical Sentiment Signal: Hold
Current Market Cap: £951.7M
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