LONDON (ShareCast) - (Sharecast News) - Connectivity tech group Alphawave IP, which in August announced the $2.4bn takeover by Qualcomm, released its interim results on Monday showing a big increase in losses and a significant drop in new bookings as a result of customer delays.
The company, which makes high-speed silicon for use in AI, data centres and other technology infrastructure, saw revenues over the six months to 30 June rise 13.2% to $103m, as a 19.2% improvement in licence and non-recurring engineering (NRE) revenues to $77.3m offset a 1.9% fall in royalties and silicon revenues to $25.7m.

Top-line results reflect global economic uncertainty and the trade tariffs, as well as some customers deferring or revising purchase decisions due to the uncertainty arising from the Qualcomm takeover, the company explained.

Adjusted EBITDA dropped to a loss of $43m, with a negative 42% margin, compared to a loss of $11.8m (negative 13% margin) the year before, weighed down by customer project delays, increased headcount, $10m of impairments and a $4.5m commission payment due to a customer.

Looking ahead, new bookings by the end of the half totalled just $159.4m, down 29.2% from the $225.3m reported at the half-year stage in 2024, with licence and NRE bookings down 47.2% to $107.4m, outweighing a 138.5% improvement in royalties and silicon bookings to $52m.

Commenting on the Qualcomm deal, president and chief executive Tony Pialis said: "We are continuing to support Qualcomm in obtaining the approvals required to complete the transaction and, as announced on 5 August 2025, we received clearance from the UK government in respect of the notification made under the National Security and Investment Act 2021."

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE