Alphawave IP Group plc provided earnings guidance for the years 2023 and 2024. The OpenFive acquisition is expected to close in second half of 2022 pending US regulatory approvals. Including the financial contribution from OpenFive, the company expects to reach revenues of between $325 million and $360 million in 2023. Excluding OpenFive, standalone revenues are expected to be in line with the guidance provided at IPO, namely $210 million to $240 million by 2023.

Longer-term, the company expects to achieve annual revenue run rates in excess of $500 million in 2024.