Following a period of investment into the expansion of the team and capabilities in alignment with the goals outlined during the Company's IPO in 2021, Alphawave plans to create long-term shareholder value by:
- Extending and expanding its technology leadership in connectivity silicon technology;
- Transforming into a vertically integrated semiconductor company by further monetising its IP through business opportunities in custom silicon and other connectivity products;
- Addressing more of the customer's connectivity needs in high-growth digital infrastructure markets, including data centers. Alphawave estimates its addressable market will grow at 20% CAGR over the period 2023-2026; and
- Maintaining a disciplined capital allocation and a strong focus on improving operational efficiency over the next two years.
Despite the uncertain macroeconomic environment, our growing pipeline reflects positive secular growth trends in data infrastructure markets and the continued investment in next generation connectivity solutions. This combined with our talented team and strong balance sheet gives us confidence in our future.
For the full year 2023, Alphawave expects to maintain its high-growth trajectory while completing the integration of the recent acquisitions. The Company expects for the FY 2023:
- Revenue within a range of
US$340m toUS$360m - Adjusted EBITDA of approximately
US$87m at the mid-point of the revenue guidance range, representing an adjusted EBITDA margin of c.25%
By FY2025, Alphawave targets operating within the following financial model:
- Revenue CAGR in line with its addressable market of approximately 20%, representing approximately
US$500m revenue run rate by 2025 - Gross margin of c.60%
- Adjusted operating expenses as a percentage of revenue of c.30%
- Adjusted EBITDA margin of c.30%, representing approximately
US$150m adjusted EBITDA1
1 Calculated based on |
Capital Markets Day
The Company is today hosting its first Capital Markets Day in
Live Broadcast
The event will be broadcast live from
https://www.lsegissuerservices.com/spark/ALPHAWAVEIPGROUP/events/7aadd13f-2514-47e1-8281-baced5bae5e8
A recording of the event will also be available to view in the Investor Relations section of the Company's website Results, Reports & Presentations - Alphawave Semi
Alphawave Semi is a global leader in high-speed connectivity for the world's technology infrastructure. Faced with the exponential growth of data, Alphawave Semi's technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. We are a vertically integrated semiconductor company, and our IP, custom silicon, and connectivity products are deployed by global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage. Founded in 2017 by an expert technical team with a proven track record in licensing semiconductor IP, our mission is to accelerate the critical data infrastructure at the heart of our digital world. To find out more about Alphawave Semi, visit: awavesemi.com
Alphawave Semi and the Alphawave Semi logo are trademarks of
Cautionary statement regarding forward-looking statements
This document may contain forward-looking statements which are made in good faith and are based on current expectations or beliefs, as well as assumptions about future events. You can sometimes, but not always, identify these statements by the use of a date in the future or such words as "will", "anticipate", "estimate", "expect", "project", "intend", "plan", "should", "may", "assume" and other similar words. By their nature, forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements. The Company undertakes no obligation to update any forward-looking statements contained in this document, whether as a result of new information, future events or otherwise.
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