Arteris Q2 revenue $14.7M beats guidance; ACV+TTM royalties +13% YoY; Q3 rev guide $12.5-13.5M

Arteris, Inc.

2023-Q2 EPS reported -$0.52 revenue$27,888,000

Revenue $14.7M exceeded guidance; ACV+TTM royalties $58.2M (+13% YoY, +21% ex-DJI).
GAAP net loss $9.2M ($0.26/share); non-GAAP net loss $4.7M ($0.13/share); non-GAAP op loss $4.2M.
Q3 guidance: revenue $12.5-13.5M, ACV+TTM $57-61M, non-GAAP op loss margin 42-62%.
Added 12 active customers; 22 design starts (12 AI-enabled); deals with three top-10 semis.
Majority of revenue contracts expected to be recognized ratably going forward.

item 2.02 item 9.01

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. reported the quarter ended June 30, 2023 results: revenue $14.7 million, net income Net loss of $9.2 million or $0.26 per share, EPS $0.26 per share. Guidance raised.

Period: the quarter ended June 30, 2023
Revenue: $14.7 million
Net income: Net loss of $9.2 million or $0.26 per share
EPS: $0.26 per share
Guidance: raised
Result: reported results

Exact text from the filing

Arteris." Second Quarter 2023 Financial Highlights: • Annual Contract Value (ACV) and Trailing-twelve-month (TTM) royalties of $58.2 million, up 13% year-over-year • Revenue of $14.7 million, exceeding the top end of our guidance • Remaining performance obligation (RPO) of $65.1 million, up $7.8 million sequentially • Operating loss of $8.7 million or 59% of revenue

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Arteris, Inc. filing history →

Source: SEC EDGAR

accession 0001667011-23-000021

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