Alphawave IP Group (AWE)

Sector:

IT Hardware

162.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 164.60
  • 52 Week Low: 89.30
  • Currency: UK Pounds
  • Shares Issued: 723.69m
  • Volume: 625,807
  • Market Cap: £1,172.38m

Alphawave IP new bookings down in Q3, but guidance maintained

By Benjamin Chiou

Date: Tuesday 24 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Semiconductor group Alphawave IP reported a mixed third quarter, with falls in licence and non-recurring engineering (NRE) contract wins dragging down new bookings by 9%.
Alphawave IP, which provides wired connectivity solutions for data to travel faster, said new bookings totalled $72.9m during the three months to 30 September, down from $80m a year earlier.

Licence and NRE booking were down 26% at $42.9m, though that was mainly due to the timing of a $20m deal which slipped into the fourth quarter.

However, royalties and silicon orders were up 35% at $30.1m.

The company said its outlook for the full year remains unchanged with a "strong pipeline of opportunities in Q4", guiding to 2023 revenues of $340m to $360m, and adjusted EBITDA of around $87m.

"Despite the uncertain macroeconomic environment, our 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 our talented team and strong balance sheet, give us confidence in our future," the company said.

Shares were more or less flat at 99.4p in early deals on Tuesday.

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AWE Market Data

Currency UK Pounds
Share Price 162.00p
Change Today -2.00p
% Change -1.22 %
52 Week High 164.60
52 Week Low 89.30
Volume 625,807
Shares Issued 723.69m
Market Cap £1,172.38m

AWE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.97% below the market average43.97% below the market average43.97% below the market average43.97% below the market average43.97% below the market average
30.43% below the sector average30.43% below the sector average30.43% below the sector average30.43% below the sector average30.43% below the sector average
Price Trend
67.16% above the market average67.16% above the market average67.16% above the market average67.16% above the market average67.16% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Income Not Available
Growth
26.87% below the market average26.87% below the market average26.87% below the market average26.87% below the market average26.87% 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 23-Feb-2024

Time Volume / Share Price
16:35 5,528 @ 162.00p
16:35 2,000 @ 162.00p
16:35 2,000 @ 162.00p
16:35 1,527 @ 162.00p
16:35 199,136 @ 162.00p

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