Arteris Announces Financial Results for the Third Quarter 2024 and Fourth Quarter and Full Year 2024 Guidance
Arteris, Inc. (AIP)
Company Research
Source: GlobeNewswire
CAMPBELL, Calif., Nov. 05, 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 third quarter ended September 30, 2024 and provided fourth quarter and full year 2024 guidance. “We’re excited to report a record $60.5 million in Annual Contract Value plus royalties, and our third consecutive quarter of positive free cash flow in the third quarter of 2024,” said K. Charles Janac, President and CEO of Arteris. “Demonstrating our increasing traction with some of the largest customers in the market, the majority of license deal value in the quarter was with top 30 technology customers, as they create ever more sophisticated electronics that increasingly need high-performance and energy-efficient SoCs. Whether it be within industry verticals such as Automotive and Enterprise Computing, high growth horizontal vectors such as AI, or emerging opportunities like micr
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- Arteris Selected by GigaDevice for Development in Next-Generation Automotive SoC With Enhanced FuSa StandardsGlobeNewswire
- Arteris and MIPS Partner on High-Performance RISC-V SoCs for Automotive, Datacenter and Edge AIGlobeNewswire
- Arteris Third Quarter 2024 Earnings: EPS Beats Expectations [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
- 11/5/24 - Beat
AIP
Sec Filings
- 11/15/24 - Form 4
- 11/13/24 - Form SC
- 11/8/24 - Form 4
- AIP's page on the SEC website