Arteris reports Q3 2024 revenue of $14.7M, record ACV+royalties of $60.5M, and positive free cash flow

Arteris, Inc.

2024-Q3 EPS reported -$0.66 revenue$42,235,000

Revenue of $14.7 million; ACV plus royalties hit a record $60.5M, up 6% YoY.
RPO of $78.4 million, up 25% YoY, the highest ever reported.
Operating loss improved to $7.9M from $8.5M a year ago; non-GAAP operating loss narrowed to $3.3M.
Non-GAAP free cash flow positive for third consecutive quarter at $1.1M (7% of revenue).
Expanded customer adoption: top 5 tech company expanding AI SoC deployment, majority of license dollars from top 30 global tech firms, and new focus on microcontrollers.

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