NASDAQ$AIP

Arteris Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Arteris reported an increase in revenue and ACV, but experienced operating and net losses in Q2 2022.

Arteris announced its Q2 2022 financial results, with revenue up 37% year-over-year to $14.8 million and ACV plus TTM royalties up 18% year-over-year to $51.7 million. However, the company reported an operating loss of $5.4 million and a net loss of $5.7 million, or $0.18 per share.

  • Annual Contract Value (ACV) and Trailing-twelve-month (TTM) royalties of $51.7 million, up 18% year-over-year
  • Revenue of $14.8 million, up 37% year-over-year
  • Remaining performance obligation (RPO) of $55.7 million, up 11% year-over-year
  • Added nine Active Customers in the second quarter

Headline financials

Total Revenue

$14.8M

Previous: $10.8M+37.1%
EPS (adj)

-$0.07

Previous: -$0.19+63.2%
Capital Expenditures

-$205K

Previous: $320K-164.1%
Free Cash Flow

-$5.87M

Previous: -$2.34M-150.8%
Net Income

-$5.67M

Previous: -$3.91M-45.0%
Operating Income

-$5.43M

Previous: -$3.52M-54.1%
Gross Profit

$13.5M

Previous: $9.95M+36.1%
Cash & Equivalents

$81.3M

Previous: $14.8M+449.0%
Total Assets

$121M

No prior period
Stock-Based Comp

$3.38M

Previous: $378K+795.2%

Revenue & EPS history

Arteris · Revenue · Quarterly

$14.8M

Q2 2022+37.1%vs Q2 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Arteris · $14.8M total across 2 segments · Q2 2022

  • Licensing, support and maintenance
    $14M
  • Variable royalties and other
    $789K

Forward guidance

Arteris provided estimated guidance for Q3 2022 and full year 2022.

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 Q2 2022

Historical avgQ2 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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