secwatch.observer — SEC 8-K summary
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Issuer:     Arteris, Inc. (AIP)
CIK:        0001667011
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001667011-23-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667011/000166701123000021/0001667011-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667011/000166701123000021/aip-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001667011-23-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer