NASDAQ$AIP
Arteris Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Arteris reported a decrease in revenue but highlighted growth in annual contract value and design starts.
Arteris, Inc. announced its Q4 2022 financial results, reporting a decrease in revenue compared to the same period last year, but highlighted a strong finish to the year with growth in Annual Contract Value and design starts. The company also provided estimated guidance for Q1 and full year 2023.
- Annual Contract Value plus Trailing Twelve Month Royalties increased by 22% year-over-year, adjusted for the loss of HiSilicon and DJI.
- Revenue decreased by 2% year-over-year to $11.2 million.
- Operating loss was $9.1 million.
- 24 confirmed design starts in Q4 across various markets.
Headline financials
Revenue & EPS history
Arteris · Revenue · Quarterly
$11.2M
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 estimated guidance for the first quarter and full year 2023.
Tailwinds
- Q1 2023 ACV + TTM royalties are expected to be between $51.5 million and $55.5 million.
- FY 2023 ACV + TTM royalties are expected to be between $60.4 million and $65.4 million.
- Q1 2023 Revenue is expected to be between $11.0 million and $13.0 million.
- FY 2023 Revenue is expected to be between $56.0 million and $60.0 million.
- The company believes it is well-positioned for growth due to customer innovation in automotive, consumer electronics, and machine learning.
Headwinds
- Q1 2023 Non-GAAP operating loss (%) is expected to be between 55.0% and 75.0%.
- FY 2023 Non-GAAP operating loss (%) is expected to be between 28.5% and 43.5%.
- Q1 2023 Free cash flow (%) is expected to be between (81.7)% and (56.7)%.
- FY 2023 Free cash flow (%) is expected to be between (19.7)% and (9.7)%.
- Short-term macro-economic uncertainties may impact results.
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 Q4 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
| 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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