21 Sept 2021
Chip Tech Firm Alphawave Raises 140% Rise in their First-Half Revenue
The Index Today
Alphawave, the Canadian semiconductor technology company raised its 2021 guidance on Tuesday after reporting a 140% rise in their first-half revenue in its first results since it listed in London in May.
Alphawave, is known to have licenses its high-speed data transmission technology to chipmakers, said that their full-year revenue was expected to exceed around $75M, representing over 125% year-on-year growth and ahead of 100% guidance at the IPO, with the adjusted core earnings margins expected to increase to over 55%.