8-K
filed February 28, 2023, 6:59 PM ET
ticker AIP
CIK 0001667011
earnings
confidence high
sentiment negative
materiality 0.75
Arteris reports FY2022 revenue up 33% to $50.4M; net loss $27.4M; guides FY2023 revenue $56-60M
Arteris, Inc.
2022-FY EPS reported
-$0.84
revenue$50,378,000
- FY2022 revenue $50.4M (+33% YoY); net loss $27.4M ($0.84/share); non-GAAP net loss $14.7M ($0.45/share).
- Q4 2022 revenue $11.2M (-2% YoY); net loss $7.2M ($0.21/share); non-GAAP net loss $4.0M ($0.12/share).
- ACV+TTM royalties $52.4M (+22% YoY adjusted for HiSilicon/DJI loss); RPO $57.7M (-5% YoY).
- Guides Q1 2023 revenue $11-13M; FY2023 revenue $56-60M; non-GAAP operating loss 28.5%-43.5% of revenue.
- Acquired Semifore in Q4; launched FlexNoC 5; added 38 active customers in FY2022.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Arteris, Inc. updated its full year 2023 guidance (initiated).
- Period
- full year 2023
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Estimated First Quarter and Full Year 2023 Guidance: Q1 2023 FY 2023 (in millions, except %) ACV + TTM royalties $51.5 - $55.5 $60.4 - $65.4 Revenue $11.0 - $13.0 $56.0 - $60.0 Non-GAAP operating loss (%) 55.0% - 75.0% 28.5% - 43.5% Free cash flow (%) (81.7)% - (56.7)% (19.7)% - (9.7)%
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Arteris, Inc. reported fourth quarter ended December 31, 2022 results: revenue $11.2 million, net income $7.2 million, EPS $0.21 per share.
- Period
- fourth quarter ended December 31, 2022
- Revenue
- $11.2 million
- Net income
- $7.2 million
- EPS
- $0.21 per share
- Result
- reported results
Exact text from the filing
Fourth Quarter 2022 Financial Highlights: • Annual Contract Value (ACV) and trailing twelve months (TTM) royalties of $52.4 million, compared to $50.0 million for the same period last year • Revenue of $11.2 million, down 2% year-over-year • Remaining performance obligation (RPO) of $57.7 million, down 5% year-over-year • Operating loss of $9.1 million • Non-GAAP operating loss of $5.8 million , compared to a Non-GAAP operating loss of $2.8 million in the year-ago period • Net loss of $7.2 million or $0.21 per share • Non-GAAP net loss of $4.0 million or $0.12 per share • Non-GAAP free cash flow of $(0.8) million or (7)% of revenue
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Arteris, Inc. reported full year ended December 31, 2022 results: revenue $50.4 million, net income $27.4 million, EPS $0.84 per share.
- Period
- full year ended December 31, 2022
- Revenue
- $50.4 million
- Net income
- $27.4 million
- EPS
- $0.84 per share
- Result
- reported results
Exact text from the filing
Full year 2022 Financial Highlights: • Revenue of $50.4 million, up 33% year-over-yea r • Operating loss of $28.9 million • N on-GAAP operating loss of $16.2 million , compared to a Non-GAAP operating loss of $15.5 million for the year-ended 2021 • Net loss of $27.4 million or $0.84 per share • Non-GAAP net loss of $14.7 million or $0.45 per share • Non-GAAP free cash flow of $(7.8) million or (16)% of revenue
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Arteris, Inc. updated its first quarter 2023 guidance (initiated).
- Period
- first quarter 2023
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Estimated First Quarter and Full Year 2023 Guidance: Q1 2023 FY 2023 (in millions, except %) ACV + TTM royalties $51.5 - $55.5 $60.4 - $65.4 Revenue $11.0 - $13.0 $56.0 - $60.0 Non-GAAP operating loss (%) 55.0% - 75.0% 28.5% - 43.5% Free cash flow (%) (81.7)% - (56.7)% (19.7)% - (9.7)%
View on SEC.gov
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