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Arteris (AIP)
NASDAQ:AIP
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.12Last Year’s EPS
-$0.18Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 32.40%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call for Arteris Q3 2024 was generally positive, highlighting record contract values, strong revenue growth, and robust customer engagement across various sectors. Challenges were noted in operating losses and market headwinds, particularly in automotive, but the positive performance and outlook for the remainder of 2024 overshadow these issues.Company Guidance
During the Arteris Q3 2024 earnings call, the company reported several key metrics and provided forward-looking guidance. Arteris achieved a record annual contract value plus royalties of $60.5 million and delivered positive free cash flow of $1.1 million for the third consecutive quarter. Total revenue reached $14.7 million, marking an 11% year-over-year increase. The company also reported a non-GAAP gross profit of $13.5 million, with a 92% gross margin, and a non-GAAP operating loss of $3.3 million, which was better than their guidance. For Q4 2024, Arteris projects ACV plus royalties between $63 million and $67 million, revenue of $14.7 million to $15.7 million, and non-GAAP free cash flow ranging from negative $0.9 million to positive $1.1 million. For the full year 2024, they expect ACV plus royalties to increase over 16% year-over-year, with revenue guidance improved by $0.4 million at the midpoint, and non-GAAP free cash flow projected to be $1.6 million higher than prior guidance.Record Annual Contract Value
Achieved a record annual contract value plus royalties of $60.5 million in Q3 2024.
Positive Free Cash Flow
Delivered positive free cash flow of $1.1 million, marking the third consecutive quarter of positive free cash flow.
Revenue Growth
Total revenue for Q3 2024 was $14.7 million, up 11% year-over-year.
Strong Customer Base Expansion
Expanded engagement with a top 5 global technology company and adoption by major automotive companies like NEO.
High Gross Margin
Non-GAAP gross margin was 92% for Q3 2024.
Positive Outlook for Full Year 2024
Guidance for full year 2024 includes ACV plus royalties up over 16% year-over-year at the midpoint, and improved non-GAAP free cash flow guidance.
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AIP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AIP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $7.16 | $8.50 | +18.72% |
| Aug 01, 2024 | $7.60 | $7.48 | -1.58% |
| May 02, 2024 | $5.93 | $8.21 | +38.45% |
| Feb 20, 2024 | $6.89 | $6.86 | -0.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Arteris (AIP) report earnings?
Arteris (AIP) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Arteris (AIP) earnings time?
Arteris (AIP) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AIP EPS forecast?
AIP EPS forecast for the fiscal quarter 2024 (Q4) is -$0.12.
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