Arteris Q1 revenue $11.8M (+77% YoY); ACV+TTM royalties $52.8M (+26%); guides Q2 rev $11.5-14.5M

Arteris, Inc.

2022-Q1 EPS reported -$0.22 revenue$11,755,000

Revenue $11.8M (+77% YoY); GAAP net loss $6.8M ($0.22/share); non-GAAP net loss $4.4M ($0.14/share).
ACV+TTM royalties $52.8M (+26% YoY); RPO $60.5M (+28% YoY).
Operating loss $6.6M (56% of revenue); non-GAAP op. loss $4.2M (36% of revenue).
Q2 guidance: ACV+TTM royalties $49.5-51.5M, revenue $11.5-14.5M; FY22 revenue $48-52M.
19 design starts in Q1; added 7 active customers; BMW licensed Arteris IP for neural network accelerator.

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