Arteris Q2 2024: revenue $14.6M (+13% seq), record ACV $60.1M, net loss $0.22/share

Arteris, Inc.

2024-Q2 EPS reported -$0.47 revenue$27,522,000

Revenue $14.6M, up 13% sequentially; ACV+TTM variable royalties $60.1M (+3% YoY); RPO $77.5M (+19% YoY).
GAAP net loss $8.3M ($0.22/share); non-GAAP net loss $4.4M ($0.11/share).
Non-GAAP free cash flow positive $0.3M (1.8% of revenue), second consecutive quarter positive.
Added seven new customers in automotive, AI, and enterprise computing; included two global automotive OEMs.
Esperanto Technologies and Andes Technology partnership highlighted; AIP added to Russell 2000 index.

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