Alphawave IP Group plc provided earnings guidance for the fiscal year 2024. For the period, the company expected the ramp of new Optical products to start in 2024 and profitability to improve from 2023 levels as products go into high-volume production and generate additional revenue. Alphawave anticipates additional revenue synergies given the complementary nature of the technology and its contribution to the product roadmap.

Alphawave reiterates its stand-alone outlook.