NASDAQ$AIP
Arteris Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Announced financial results for the first quarter ended March 31, 2024 and provided second quarter and full year 2024 guidance.
Arteris reported a solid start to 2024 with positive free cash flow in the first quarter, driven by robust licensing activity across all verticals including Enterprise Computing and Automotive deals. The company secured five major deals with top 30 global technology firms.
- Revenue of $12.9 million.
- Annual Contract Value (ACV) and trailing-twelve-months (TTM) variable royalties of $58.2 million, up 6% year-over-year.
- Remaining performance obligation (RPO) of $74.7 million, up 30% year-over-year, growing to the highest level the company has ever reported.
- Non-GAAP free cash flow of positive $0.3 million or 2.2% of revenue.
Headline financials
Revenue & EPS history
Arteris · Revenue · Quarterly
$12.9M
Revenue by segment
Arteris · $12.6M total across 2 segments · Q3 2022
- Licensing, support and maintenance$11.1M+36.9%88.4%
- Variable royalties and other$1.46M+77.8%11.6%
Forward guidance
Arteris provided second quarter and full year 2024 guidance.
Tailwinds
- Q2 2024 ACV + TTM royalties: $58.0 - $62.0 million
- FY 2024 ACV + TTM royalties: $62.0 - $68.0 million
- Q2 2024 Revenue: $13.2 - $14.2 million
- FY 2024 Revenue: $54.5 - $57.5 million
- FY 2024 Free cash flow: $(2.4) - $(2.6) million
Headwinds
- Q2 2024 Free cash flow: $(1.4) - $1.6 million
- Q2 2024 Non-GAAP operating loss: $4.5 - $6.5 million
- FY 2024 Non-GAAP operating loss: $19.4 - $23.4 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2024
-1.5%
Avg return
Earnings day
-2.0%
Avg return
5 days after
+0.6%
Avg return
30 days after
27%
6 / 22 earnings
Positive
+31.4%
Q1 2024
Best reaction
-25.1%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +9.4% | +2.7% | +26.6% | |
| Q4 2025 | -2.0% | -3.6% | -1.9% | |
| Q3 2025 | +26.0% | +21.3% | +42.5% | |
| Q1 2025 | -10.2% | -10.1% | -4.9% | |
| Q4 2024 | -1.5% | -8.1% | -22.4% | |
| Q3 2024 | +25.6% | +22.7% | +31.0% | |
| Q2 2024 | -8.7% | -18.2% | +4.8% | |
| Q1 2024 | +31.4% | +41.1% | +30.7% | |
| Q4 2023 | -7.5% | -11.2% | -1.8% | |
| Q3 2023 | -25.1% | -31.8% | -12.4% | |
| Q2 2023 | +0.1% | -1.3% | -0.1% | |
| Q1 2023 | +17.5% | +17.0% | +77.9% | |
| Q4 2022 | -16.9% | -21.5% | -37.7% | |
| Q3 2022 | -7.4% | +9.0% | -18.6% | |
| Q2 2022 | -2.5% | -5.8% | -17.4% | |
| Q1 2021 | -3.6% | +2.1% | -2.0% | |
| Q1 2022 | -3.6% | +2.1% | -2.0% | |
| Q2 2021 | -8.4% | -6.1% | -3.6% | |
| Q4 2021 | -8.3% | -16.0% | -10.9% | |
| Q3 2020 | -12.1% | -10.1% | -22.3% | |
| Q4 2020 | -12.1% | -10.1% | -22.3% | |
| Q3 2021 | -13.7% | -7.4% | -20.1% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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