Alphawave IP Group (AWE) Trading Update summary

Financial performance and bookings

• Achieved fourth consecutive quarter with bookings above $100 million, marking a significant sales milestone.

• Q3 2024 new bookings totaled $104.5 million, up 43% year-on-year.

• Licence and NRE bookings rose 119% to $93.8 million, while royalties and silicon orders declined 64% to $10.7 million.

• Management expressed confidence in mid-term guidance and ambition for a $1 billion revenue run rate.

Business development and design wins

• Secured five new design wins in Q3 2024 from both new and existing customers in connectivity and compute markets.

• Design wins included advanced 4nm and 3nm technology and high-profile Arm-based chiplets leveraging UCle IP.

• Achieved two new design wins with Samsung foundry and two with leaders in data centre optical connectivity.

• No new design wins from FSA drawdowns or resale licenses in Q3 2024.

Technology leadership and partnerships

• Awarded TSMC 2024 OIP Partner of the Year for High-Speed SerDes IP for the fifth consecutive year.

• Emphasized importance of partnerships with TSMC, Samsung, and Intel for continued technology leadership.

• Technology enables faster, more reliable, and higher-performance data transfer at lower power.