Arteris Announces Financial Results for the Second Quarter 2024 and Third Quarter and Full Year 2024 Guidance
Arteris, Inc. (AIP)
Company Research
Source: GlobeNewswire
CAMPBELL, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP which accelerates system-on-chip (SoC) creation, today announced financial results for the second quarter ended June 30, 2024 and provided third quarter and full year 2024 guidance. “We’re excited to report a record $60.1 million in Annual Contract Value and Trailing-Twelve-Month Variable Royalties and our second consecutive quarter of positive free cash flow in the second quarter of 2024,” said K. Charles Janac, President and CEO of Arteris. “As our customer base continues to expand with market leading companies in the Automotive and AI technology sectors, including those transitioning from internal solutions, the industry need for Arteris’ high-performance commercial System IP solutions, is evident,” concluded Janac. Second Quarter 2024 Financial Highlights: Revenue of $14.6 million, up 13% sequentiallyAnnual Contract Value (ACV) and trailing-twelve
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- Should You Invest in Arteris (AIP)? [Yahoo! Finance]Yahoo! Finance
- Arteris, Inc. (NASDAQ: AIP) had its "buy" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $15.00 price target on the stock.MarketBeat
AIP
Earnings
- 8/1/24 - Beat
AIP
Sec Filings
- 9/18/24 - Form 4
- 9/18/24 - Form 3
- 9/16/24 - Form 8-K
- AIP's page on the SEC website