Alphawave IP Group plc Provides Revenue Guidance for the Fiscal Year 2023, 2024 and 2025
The company expects 2024 revenue of USD 345 million to USD 365 million and adjusted EBITDA of approximately USD 70 million or approximately 20% of revenue, which is at the mid-point of the revenue guidance range. This reflects the deliberate decision to de-priorities growth in China, which will reduce materially as a proportion of revenue.
In addition, the company now expects 2025 revenue to be approximately USD 450 million.