Alphawave IP’s interim results for 2022 are booked into the technology company’s financial calendar for next Wednesday September 21.
In the lead up to the London-listed company’s earnings call, the company has reiterated its mid-term and long-term outlook, namely an EBITDA margin of 32% to 36% by 2023 on revenues of between US$325mln and US$360mln.
No dividends are expected to be announced.
“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 give us confidence in our future,” the company stated in its most recent trading update.
But despite a 50% increase in licence and related bookings in the second quarter, the company’s total bookings value is significantly down due to a high-value 2021 multi-year deal with WiseWave.
Technical analysis provided at Investing.com points to a weighty upside in AWE shares in the next 12 months, though investors are likely keen to see how the recent acquisition of system-on-chip (SoC) solutions provider OpenFive affects near-term margins.
AWE is enjoying a rally in the lead up to Wednesday’s earnings, having jumped 17% to 161p in the past month as of Friday September 16, 16:40 BST.