NASDAQ$AIP
Arteris Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Arteris reported a 12% increase in revenue year-over-year, reaching $12.5 million, and highlighted design activity and customer growth.
Arteris announced strong Q4 2023 results with a 12% increase in revenue year-over-year, driven by growth in design activity and customer acquisition. The company's annual contract value and trailing-twelve-month variable royalties reached $56.1 million, exceeding guidance. However, the company reported an operating loss of $9.2 million and a net loss of $10.5 million, or $0.29 per share.
- Revenue increased by 12% year-over-year, reaching $12.5 million.
- Annual Contract Value (ACV) and trailing twelve months (TTM) variable royalties increased by 7% year-over-year to $56.1 million.
- Remaining performance obligation (RPO) increased by 26% year-over-year to $72.7 million.
- The company saw the highest level of quarterly design activity with 29 confirmed design starts.
Headline financials
Revenue & EPS history
Arteris · Revenue · Quarterly
$12.5M
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 Q1 2024 revenue guidance of $12.1 million to $13.1 million and FY 2024 revenue guidance of $54.5 million to $57.5 million.
Tailwinds
- Q1 2024 ACV + TTM royalties guidance: $55.0 - $59.0 million
- FY 2024 ACV + TTM royalties guidance: $62.0 - $68.0 million
- Q1 2024 Revenue guidance: $12.1 - $13.1 million
- FY 2024 Revenue guidance: $54.5 - $57.5 million
- Q1 2024 Non-GAAP operating loss (%): 40.8% - 60.8%
Headwinds
- Q1 2024 Free cash flow (%): (9.2)% - 10.8%
- FY 2024 Non-GAAP operating loss (%): 33.2% - 43.2%
- FY 2024 Free cash flow (%): (4.8)% - 5.2%
- Non-GAAP operating loss is expected
- Free cash flow is expected to be negative
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 2023
-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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