Alphawave Semi Q4 2024 Trading and Business Update

LONDON, United Kingdom and TORONTO, Ontario, Canada 21 January 2025 – Alphawave IP Group plc (LN: AWE, the “Company” or “Alphawave Semi”), a global leader in ultra-high-speed data connectivity for AI, compute and network architectures, is pleased to publish 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.
• Successful execution of US$150m convertible notes offering strengthens balance sheet and supports the Company’s ability to achieve its strategic objectives.

For detailed updates and more reports, visit “Alphawave Semi Financial Results”