Actualización comercial y aviso de resultados para los años fiscales 23 y 24 hasta la fecha
Se considera que la información contenida en este anuncio constituye información privilegiada según lo estipulado en el Reglamento sobre abuso de mercado ("MAR") (UE) n.º 596/2014, incorporado a la legislación del Reino Unido por la Ley de (Retiro) de la Unión Europea de 2018. Tras la publicación de este anuncio, esta información privilegiada ahora se considera de dominio público.
PLC ALPHAWAVE IP GROUP
FY 2023 and 2024 YTD Trading Update and Notice of Results
LONDON, United Kingdom and TORONTO, Ontario, Canada 16 April 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 publishing a trading update for the year ended 31 December 2023 and for the year-to-date 2024.
Based on the near completion of the audit process, the Company now expects FY 2023 revenue of approximately US$318m-323m which is below the original outlook for the year (US$340m to US$360m). This is mainly due to the accelerated transition away from China, and changes in expected revenue recognition of long-term contracts in advanced nodes.
As a result of the lower revenue and continuing investment in advanced R&D, the Company now also expects reduced adjusted EBITDA for FY2023.
At the end of 2023, the Company held US$101.3m in cash and cash equivalents and had borrowings of US$220.4m, comprising a revolving credit facility of US$125m, a term loan of US$94m and other long-term borrowings of US$2m. The net debt position was US$119m (FY 2022: US$24m)
YTD Trading Update
The Company has seen a stronger-than-expected start to 2024 with over ten new design wins across the IP and custom silicon offerings, and over $110m in bookings in 1Q2024. This brings the cumulative lifetime bookings for the Company to over one billion dollars. All the 2024 design wins are in the AI and datacentre application segments and one is a chiplet design win that leverages the Company's full range of capabilities including IP, custom silicon, and advanced packaging solutions. Several of the new design wins in 2024 are repeat design wins in leading technology nodes with the world's largest hyperscaler, semiconductor, and OEMs. Notably, the Company also achieved its first design win in the automotive segment in 1Q2024 with a leading North American automobile manufacturer. The level of bookings in the quarter and the growing pipeline reflects the scalability of Alphawave Semi's technology through both 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. These orders are expected to begin shipping in 4Q2024.
Perspectiva y orientación
Alphawave Semi expects 2024 revenue of US$345m to US$365m and adjusted EBITDA of approximately US$70m or approximately 20% of revenue, which is at the mid-point of the revenue guidance range. This reflects the deliberate decision to de-prioritise growth in China, which will reduce materially as a proportion of revenue. In particular, the Company has now performed substantially all its obligations under the WiseWave contract and does not expect to recognise any further revenue in the current year or beyond. In addition, the Company now expects 2025 revenue to be approximately US$450m and adjusted EBITDA margin to be between 20% to 25%. The new 2024 and 2025 guidance has been prepared on a bottom-up basis with projects that are currently being delivered across IP licensing, custom silicon and silicon products. The new guidance also reflects the new revenue recognition profile of the combined solution portfolio of IP, custom Silicon, and Silicon products.
Despite the continued uncertain macroeconomic environment, the growing pipeline reflects positive secular growth trends in data infrastructure markets and the continued investment in next-generation AI-centric connectivity solutions. This combined with strength of the core technology leadership gives the Company confidence in its future prospects.
Fecha de anuncio de resultados
The Company will report audited results for the year ended 31 December 2023 and the detailed Q1 2024 trading update, on 23 April 2024.
A presentation for investors and analysts will be held at 8.30am BST, today 16 April 2024, to discuss the information contained in this trading update. The webcast will be accessible via:
https://awavesemi.zoom.us/s/89678647610?pwd=VC84bks5eDcyK0VVZ3BMcEgwVjFjQT09
Código de acceso: 573071
O One Tap Mobile:
+ 16469313860`` 89678647610 #,,,,*573071# EE.UU.
+ 16694449171`` 89678647610 #,,,,*573071# EE.UU.
O únete por teléfono:
Marcar (para mayor calidad, marque un número basado en su ubicación actual):
Reino Unido: +44 203 901 7895 / +44 208 080 6591 / +44 330 088 5830
Estados Unidos: +1 669 900 9128 / +1 689 278 1000 / +1 719 359 4580 or +1 253 205 0468
ID del seminario web: 896 7864 7610
Código de acceso: 573071
Números internacionales disponibles: https://awavesemi.zoom.us/u/kbBjjiO5IV
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
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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 | simone selzer Sarah west | +44 0 20 7404 5959 | |
Gravitar PR | Lisette Paras Michael Terry Caraher | +1 415 420 8420 | |
LEI: 213800ZXTO21EU4VMH37
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