Alphawave IP Group PLC
OTC:AWEVF

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Alphawave IP Group PLC Logo
Alphawave IP Group PLC
OTC:AWEVF
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Price: 1.25 USD Market Closed
Market Cap: 922.7m USD

Alphawave IP Group PLC
Investor Relations

Alphawave IP Group PLC, a company born from the technological fervor of the late 2010s in Toronto, quickly established itself as a prominent player in the semiconductor industry, focusing primarily on providing high-speed connectivity solutions. Its inception was driven by a keen understanding of the growing demand for bandwidth and data processing, as digital transformation accelerated across sectors. The company crafts leading-edge technology that underpins high-speed data transfer, centered around their proprietary intellectual property—specifically, semiconductor designs. These designs, known as IPs, are used by chip manufacturers to enhance the performance and efficiency of their products, allowing for faster data processing and more integrated connectivity applications.

Revenue generation for Alphawave IP hinges on licensing these semiconductor IPs and providing bespoke services tailored to individual client needs. Their financial model benefits from the scalability of software-like margins within the hardware domain. Clients, often tech giants looking to streamline integration within their own products, pay Alphawave for the rights to utilize these designs, ensuring their chips meet the stringent demands of today’s data-centric landscape. With the global surge in data-driven technology—from cloud computing infrastructures to ultra-fast 5G networks—their solutions have become integral to keeping pace. This strategic niche specialization not only cements their market position but also drives consistent revenue streams leveraged on their innovative and adaptable high-speed connectivity solutions.

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Last Earnings Call
Fiscal Period
Q4 2022
Call Date
Apr 28, 2023
AI Summary
Q4 2022

Record Bookings: Q1 2023 saw Alphawave achieve over $103 million in new bookings, the company's highest ever, representing 246% year-on-year growth.

Strong Revenue Growth: 2022 revenue reached $192 million, more than six times 2021's figure, and organic revenue grew 33%.

2023 Guidance Maintained: Management reaffirmed 2023 revenue guidance of $340–360 million and adjusted EBITDA of $87 million.

Audit Delay and Share Suspension: Audited results were delayed due to increased audit complexity from acquisitions; shares will be temporarily suspended until audited results are published by May 12.

Major Acquisitions Integrated: The company invested $440 million in three acquisitions, expanding its customer base from 20 to 80 and employee count to nearly 700.

Technology Leadership: Alphawave announced industry milestones in high-speed connectivity and chiplet-based design, with strong penetration among top semiconductor companies.

Key Financials
Bookings (Q1 2023)
$103 million
Bookings (2022)
$228 million
Revenue (2022)
$192 million
Adjusted EBITDA (2022)
$54 million
Backlog (end 2022)
$366 million
Revenue Backlog (current, post-Q1 2023)
$469 million
Operating Cash Flow (2022)
$7.8 million
Cash and Cash Equivalents (end 2022)
$186 million
Adjusted Diluted EPS (2022)
$1.21
Gross Margin (2022)
68%
Adjusted EBITDA Margin (2022)
28%
Operating Expenses (2022)
$86.6 million
Headcount (end 2022)
695 employees
Customers (end 2022)
80
Other Earnings Calls
2022

Management

Dr. John Lofton Holt
Executive Chairman
No Bio Available
Mr. Tony Pialis
President, CEO & Director
No Bio Available
Mr. Rahul Mathur
Chief Financial Officer
No Bio Available
Mr. Rajeevan Mahadevan
Senior Vice President of Operations (Board Observer) & COO
No Bio Available
Mr. Sameer Ladiwala
Senior VP Finance & Chief Accounting Officer
No Bio Available
Mr. Tony Chan Carusone
Chief Technology Officer
No Bio Available
John Hou
Corporate General Counsel
No Bio Available
Ms. Maia Jones
Vice President of Human Resources
No Bio Available
Mr. Jonathan Rogers
Senior Vice President of Engineering (Board Observer)
No Bio Available
Mr. Mohit Gupta
Senior VP and GM of IP & Custom Silicon Business Unit
No Bio Available

Contacts

Address
London
6th Floor, 65 Gresham Street
Contacts
+442077175877.0
awaveip.com