Actualización comercial y comercial del cuarto trimestre de 1
Actualización comercial y comercial del cuarto trimestre de 1
· Second consecutive quarter of bookings above $100m at US$117.9m
· Licence and NRE bookings of US$108.9m up 75% over Q1 2023
· Lower silicon orders reflect accelerated transition away from China
· Approximately 95% of licence & NRE bookings in advanced nodes, 5nm and below
· 9 new design wins, mainly in APAC and North America
· Strong pipeline of opportunities in FY 2024
· La dirección sigue confiando en las perspectivas del negocio
LONDRES, Reino Unido y TORONTO, Ontario, Canadá 23 de abril de 2024 - Alphawave IP Group plc (LN: AWE, la "Compañía" o "Alphawave Semi"), a global leader in high-speed connectivity for the world's technology infrastructure, is pleased to publish its trading and business update for the three months ended 31 March 2024.
US $ millones | Q1 2024 | Q1 2023[ 1 ] | Cambios |
Licencia y NRE | 108.9 | 62.3 | 75% |
Royalties y órdenes de silicio | 9.0 | 35.8 | (75)% |
Nuevas reservas | 117.9 | 98.1 | 20% |
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Actividad adicional de adjudicación de diseños: retiros de la FSA y licencias de reventa en China[ 2 ] | - | - | nm |
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Debido al redondeo, es posible que los números presentados en la tabla no coincidan con los totales proporcionados y que los porcentajes no reflejen con precisión las cifras absolutas.
Tony Pialis, presidente y director ejecutivo de Alphawave Semi, dijo: "We started the year with another strong quarter of bookings in excess of US$110m. We achieved several exciting new wins during the quarter, including two 5nm AI custom silicon designs, for a Korean and a North American customer. We also signed a 4nm IP licencing deal for a leading North American automotive company. Customers' demand for our high-performance custom silicon and IP remains strong and the level of Q1 bookings underpins our confidence for the year. We are excited about the year ahead and the long-term growth potential of our business."
John Lofton Holt, presidente ejecutivo de Alphawave Semi, dijo: "Our technology leadership in the most advanced technologies is driving the ongoing momentum of design wins and strong quarterly bookings. Following our updated revenue outlook guidance last week that reflects our transition away from China and changes in expected revenue recognition of long-term contracts in advanced nodes, we are entering 2024 with strong business momentum and remain focused on execution and long-term value creation."
Puntos clave
New bookings in Q1 2024 were 20% above the prior period at US$117.9m (Q1 2023: US$98.1m).
Licence and Non-recurring Engineering ("NRE") bookings in Q1 2024 were 75% above Q1 2023 at US$108.9m. APAC (excluding China) and North American customers represented 93% of these bookings and approximately 95% of the licence & NRE bookings were in advanced nodes, 5nm and below.
Royalties and Silicon orders were down significantly compared to Q1 2023 at US$9.0m, as we actively de-prioritised the legacy lower margin silicon business from Chinese customers and accelerate our transition away from China. Silicon orders in the quarter were from EMEA and North American customers. We expect further silicon orders from Chinese customers in 2024, albeit at a lower level than in 2023.
The level of bookings in the quarter and our growing pipeline reflects the scalability of our technology through IP licensing and custom silicon.
The Company has also received its first orders for silicon products from a top networking equipment OEM in North America. Our Connectivity Products Group continues to make made good progress toward our plan to start generating revenue in 2024.
Liderazgo tecnológico en expansión y fuerte atracción de clientes
Alphawave Semi's customers include leading semiconductor device companies, as well as data centre module makers and hyperscalers.
Overall, design win activity in the quarter was strong with 9 new design wins, from new and existing end-customers. These wins reflect Alphawave Semi's continued strength in AI and the data infrastructure markets that require the world's most advanced connectivity technology.
Since 2017, Alphawave Semi has demonstrated connectivity technology leadership in leading-edge technologies. In Q1 2024 we signed various licencing deals in 5nm and below. During the quarter we signed our first licensing deal with a leading North American automotive business and a licencing deal with a leading North American compute silicon company. These design wins reflect the ongoing market momentum of leading-edge connectivity. The Company expects further design wins in advanced nodes and continues to work with its foundry partners in 2nm and beyond.
With our expanded IP portfolio and silicon expertise, we are strongly positioned to deliver the most advanced connectivity solutions for our custom silicon customers. In Q1 2024 we won an AI custom silicon design with a leading APAC customer. This is a chiplet design win that leverages the Company's full range of capabilities including IP, custom silicon, and advanced packaging solutions. Furthermore, during the quarter we won additional 5nm business with an AI North American business building next generation AI solutions.
In Q1 2024, there were US$nil Flexible Spending Accounts[ 3 ] ("FSA") drawdowns (Q1 2023: US$nil). Both FSA and reseller deals represent the conversion of customer commitments to design wins.
Acerca de Alphawave Semi
Alphawave Semi es líder mundial en conectividad de alta velocidad para la infraestructura tecnológica mundial. Frente al crecimiento exponencial de los datos, la tecnología de Alphawave Semi atiende una necesidad crítica: permitir que los datos viajen más rápido, de manera más confiable y con un mayor rendimiento con menor consumo de energía. Somos una empresa de semiconductores integrada verticalmente, y nuestros productos de IP, silicio personalizado y conectividad son implementados por clientes globales de primer nivel en centros de datos, cómputo, redes, IA, 5G, vehículos autónomos y almacenamiento. Fundada en 2017 por un equipo técnico experto con una trayectoria comprobada en la concesión de licencias de IP de semiconductores, nuestra misión es acelerar la infraestructura de datos críticos en el corazón de nuestro mundo digital. Para obtener más información sobre Alphawave Semi, visite: awavesemi.com
Divulgaciones de partes relacionadas
No hay nuevas partes relacionadas reveladas en este comunicado de prensa.
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Marcas Comerciales
Alphawave Semi y el logotipo de Alphawave Semi son marcas comerciales de Alphawave IP Group plc. Todos los derechos reservados. Todas las marcas comerciales registradas y otras marcas comerciales pertenecen a sus respectivos propietarios.
Información de contacto:
Alphawave Semi plc
| John Lofton Holt, presidente ejecutivo Jose Cano, Jefe de RI | +44 0 20 7717 5877 | |
Grupo Brunswick | Caroline daniel | GME@dhr-rgv.com+44 0 20 7404 5959 | |
Gravitar PR | Lisette Paras Michael Terry Caraher | +1 415 420 8420 | |
LEI: 213800ZXTO21EU4VMH37
[ 1 ] Licence and NRE bookings in Q1 2023 have been adjusted for an amount of US$4.9m related to a licence & NRE booking reported in Q1 2023.
[ 2 ] Tanto los retiros de la FSA (cuenta de gastos flexibles) como las licencias de reventa en China convierten los compromisos contractuales previamente anunciados incluidos en las reservas informadas en períodos anteriores en ganancias de diseño de nuevos productos que se reconocerán como ingresos con el tiempo.
[ 3 ] Las FSA o cuentas de gastos flexibles representan contratos con clientes que se han comprometido a pagos periódicos regulares. Estos pagos no se refieren a licencias específicas, pero se pueden utilizar como crédito contra entregas futuras. Los retiros de la FSA representan el valor de ganancia de diseño de las transacciones firmadas durante el período, contra el cual se acreditarán los pagos de la FSA y se convertirán en ingresos con el tiempo.
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