Alphawave IP Group Full Year 2023 Earnings: Misses Expectations

Alphawave IP Group (LON:AWE) Full Year 2023 Results

Key Financial Results

• Revenue: US$321.7m (up 74% from FY 2022).
• Net loss: US$51.0m (loss widened by US$49.9m from FY 2022).
• US$0.072 loss per share (further deteriorated from US$0.002 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alphawave IP Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the United Kingdom.

Performance of the British Semiconductor industry.

The company's shares are down 13% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Alphawave IP Group you should be aware of.

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