Arteris reports Q4 revenue $12.5M (+12% YoY); ACV hits $56.1M above guidance

Arteris, Inc.

2023-FY EPS reported -$1.03 revenue$53,666,000

Q4 revenue $12.5M (+12% YoY); FY revenue $53.7M (+7% YoY).
Annual Contract Value + TTM variable royalties $56.1M (+7% YoY), above high-end of guidance.
Q4 GAAP net loss $10.5M ($0.29/sh); non-GAAP net loss $6.8M ($0.18/sh).
Added 23 net new Active Customers in 2023; 29 design starts in Q4 including 9 AI/ML.
Provided Q1 and FY2024 guidance (specific figures not included in excerpt).

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