NASDAQ$AIP

Arteris Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported financial results for the third quarter ended September 30, 2022.

Arteris announced strong Q3 2022 results with revenue up 41% year-over-year and ACV plus trailing-twelve-month royalties up 17% year-over-year. The company also achieved a milestone of over three billion systems shipped with SoCs connected by Arteris System IP.

  • Annual Contract Value (ACV) and Trailing-twelve-month (TTM) royalties of $53.2 million, up 17% year-over-year
  • Revenue of $12.6 million, up 41% year-over-year
  • Remaining performance obligation (RPO) of $59.3 million, up 17% year-over-year
  • Added 10 Active Customers in the third quarter

Headline financials

Total Revenue

$12.6M

Previous: $8.96M+40.6%
EPS (adj)

-$0.13

Previous: -$0.21+38.1%
Capital Expenditures

-$655K

Previous: -$488K-34.2%
Free Cash Flow

-$8.34M

Previous: -$5.46M-52.8%
Net Income

-$7.68M

Previous: -$4.97M-54.7%
Operating Income

-$7.75M

Previous: -$4.52M-71.7%
Gross Profit

$11.7M

Previous: $8.08M+44.5%
Cash & Equivalents

$68.2M

Previous: $11.2M+506.7%
Total Assets

$119M

Previous: $40.6M+192.7%
Stock-Based Comp

$3.39M

Previous: $433K+682.7%

Revenue & EPS history

Arteris · Revenue · Quarterly

$12.6M

Q3 2022+40.6%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Arteris · $12.6M total across 2 segments · Q3 2022

  • Licensing, support and maintenance
    $11.1M+36.9%
  • Variable royalties and other
    $1.46M+77.8%

Forward guidance

Arteris provided estimated fourth quarter and full year 2022 guidance.

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 Q3 2022

Historical avgQ3 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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