By Najat Kantouar

Alphawave IP Group said it was unable to issue any guidance for the current year due to uncertainty related to U.S. tariffs.

"Due to current global economic uncertainty and the rapidly developing nature of the recently imposed tariff regimes, we aren't in a position to provide guidance for full year 2025 or beyond at this point in the financial year," the U.K. semiconductor company said Thursday.

For the 12 months to Dec. 31, the company's pretax loss narrowed to $32.9 million from $39.5 million a year earlier.

Adjusted earnings before interest, taxes, depreciation, and amortization declined 18% to $51.1 million, but was above the company's guidance of around $50 million. The corresponding margin was down to 17% from 19%.

Revenue fell to $307.6 million from $321.7 million, while bookings increased 34% to $515.5 million.

Earlier this month, the San Diego-based company Qualcomm said it was considering making an offer to acquire the company. At that time, Alphawave advised its shareholders to take no action as there is no certainty that a firm offer will be made.

In early European trading, Alphawave shares were down 2.7% at 117.50 pence. Shares have risen 39% in the year to date.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

April 17, 2025 03:31 ET (07:31 GMT)

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