Alphawave IP Group (AWE)

Sector:

IT Hardware

 181.40p
   
  • Change Today:
      0.000p
  • 52 Week High: 183.80
  • 52 Week Low: 95.80
  • Currency: UK Pounds
  • Shares Issued: 726.61m
  • Volume: 0
  • Market Cap: £1,318.08m

Alphawave IP swings to first-half loss

By Benjamin Chiou

Date: Monday 25 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Shares in Alphawave IP Group dropped on Monday after the digital infrastructure company swung to a loss in the first half despite a trebling in revenues as margins shrunk significantly and overheads jumped.
Despite the company assuring shareholders that the outlook for the full year remains unchanged, shares were down 7.2% at 136.42p by 0824 BST.

The company, which trades as Alphawave Semi and provides high-speed connectivity solutions, said revenues rose 228% to $187.2m, as it generated sales from 85 customers compared with just 28 last year.

However, the gross margin fell to 44% compared with 97% last year, reflecting the diversification of the business into custom silicon development and silicon products. Through last year's acquisition of OpenFive, the company also inherited a number of contracts with gross margins below its group targets.

Meanwhile, operating expenses jumped to $85.1m, from $25.5m a year earlier, as headcount grew to 744 from 251 - primarily as a result of recent acquisitions.

The result was a reported bottom line after tax showing a loss of $13.4m in the six months to 30 June, compared with a profit of $16.3m the year before.

Adjusted EBITDA, however, rose 40% to $32.4m.

Alphawave Semi said it still expects to generate $340m-360m in revenue in 2023 and adjusted EBITDA of approximately $87m (or approximately 25% of revenue). This compares to revenues of $185m and adjusted EBITDA of $47m in 2022.

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AWE Market Data

Currency UK Pounds
Share Price 181.40p
Change Today 0.000p
% Change 0.00 %
52 Week High 183.80
52 Week Low 95.80
Volume 0
Shares Issued 726.61m
Market Cap £1,318.08m

AWE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.45% below the market average47.45% below the market average47.45% below the market average47.45% below the market average47.45% below the market average
39.13% below the sector average39.13% below the sector average39.13% below the sector average39.13% below the sector average39.13% below the sector average
Price Trend
90.56% above the market average90.56% above the market average90.56% above the market average90.56% above the market average90.56% above the market average
92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average
Income Not Available
Growth
25.18% below the market average25.18% below the market average25.18% below the market average25.18% below the market average25.18% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

AWE Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

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