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Sep 30, 2021
Arteris Q3 2021 Earnings Report
Arteris reported financial results for the third quarter of 2021, showing revenue growth and increased customer base.
Key Takeaways
Arteris announced a 39% year-over-year increase in revenue for Q3 2021, driven by strong demand in the machine learning and automotive sectors. The company also reported growth in ACV, RPO, and customer count.
Revenue increased by 39% year-over-year.
Annual Contract Value (ACV) and Trailing-twelve-month (TTM) royalties increased by 21% year-over-year.
Remaining performance obligation (RPO) increased by 48% year-over-year.
Ended the quarter with 179 active customers, a 72% year-over-year increase.
Revenue by Segment
Forward Guidance
Arteris provided estimated guidance for Q4 2021 and full year 2021.
Positive Outlook
- Q4 2021 ACV + TTM royalties expected to be $48.5 - $50.0 million.
- Full year 2021 ACV + TTM royalties expected to be $48.5 - $50.0 million.
- Q4 2021 Revenue expected to be $10.0 - $11.1 million.
- Full year 2021 Revenue expected to be $36.3 - $37.5 million.
Challenges Ahead
- Q4 2021 Non-GAAP operating loss (%) expected to be 32% - 54%.
- Full year 2021 Non-GAAP operating loss (%) expected to be 40% - 50%.
- Q4 2021 Free cash flow (%) expected to be (52)% - (37)%.
- Full year 2021 Free cash flow (%) expected to be (35)% - (20)%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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