NASDAQ$AIP
Arteris Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported financial results for the third quarter ended September 30, 2024 and provided fourth quarter and full year 2024 guidance.
Arteris reported revenue of $14.7 million and a record $60.5 million in Annual Contract Value plus royalties for Q3 2024. The company also achieved its third consecutive quarter of positive free cash flow.
- Revenue was $14.7 million.
- Annual Contract Value (ACV) plus royalties reached $60.5 million, a 6% increase year-over-year.
- Remaining performance obligation (RPO) increased by 25% year-over-year to $78.4 million.
- Non-GAAP free cash flow was positive $1.1 million, representing 7% of revenue.
Headline financials
Revenue & EPS history
Arteris · Revenue · Quarterly
$14.7M
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 guidance for Q4 2024, expecting revenue between $14.7 million and $15.7 million, and ACV + royalties between $63.0 million - $67.0 million.
Tailwinds
- Q4 2024 ACV + royalties are expected to be between $63.0 million and $67.0 million.
- Q4 2024 Revenue is expected to be between $14.7 million and $15.7 million.
- Full Year 2024 ACV + royalties are expected to be between $63.0 million and $67.0 million.
- Full Year 2024 Revenue is expected to be between $56.9 million and $57.9 million.
- Full Year 2024 Free cash flow is expected to be between $0.7 million and $2.7 million.
Headwinds
- Q4 2024 Non-GAAP operating loss is expected to be between $4.0 million and $5.0 million.
- Q4 2024 Free cash flow is expected to be between $(0.9) million and $1.1 million.
- Full Year 2024 Non-GAAP operating loss is expected to be between $16.1 million and $17.1 million.
- The guidance provided are forward-looking statements and reflects Arteris' expectations as of today's date.
- Actual results may differ materially.
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 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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