Alphawave IP Announces Record FY2019, Record 1Q2020 and Dramatic Hiring Plans for Remainder of 2020 and Beyond

TORONTO, May 05, 2020 (GLOBE NEWSWIRE) — Alphawave IP, a leading provider of multi-standard connectivity IP solutions for electronic devices, today announced record results for 2019 and for the first quarter of 2020.  The company also announced dramatic hiring plans for 2020 so it can continue to expand to service the needs of its most advanced customers in 5nm and beyond.“We have been profitable since 2017, but 2019 was a record year for us, with year-over-year revenue growing over 200%.  Our first quarter of 2020 alone saw revenue nearly exceed our fantastic 2019 numbers.” said Tony Pialis, President and CEO of Alphawave.  “Our focus on successful delivery of the highest-end and highest-quality connectivity solutions to our tier-one customer base has resulted in unprecedented revenue, gross margin, and EBITDA margin growth.  We expect to more than double our 2019 revenue in 2020, while expanding EBITDA margins into the low 40% range – while expanding aggressively to meet customer demand in 2020 and 2021.”
To meet the significant uptick in customer demand in 2020 and 2021, Alphawave is aggressively recruiting new talent across all areas of semiconductor design, sales, marketing and operations.  This is in great contrast to many other companies that are struggling to cope with the macroeconomic impacts of the global CoVid-19 situation.  “From day one, we built our company to support remote work, design, and support.  This makes us well positioned to be able to hire anyone, anywhere; We just want the best people from the industry.  So, we welcome applications via our website and look forward to more than doubling our headcount in 2020,” said Mr. Pialis. About Alphawave IP Inc.
Alphawave is a leading provider of multi-standard connectivity IP solutions for electronic devices.  Founded in Toronto, Ontario, Canada in 2017, Alphawave is one of the fastest growing and most profitable companies in the semiconductor industry.  Find out more at

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.