Loading...
•
Sep 30, 2024
Arteris Q3 2024 Earnings Report
Reported financial results for the third quarter ended September 30, 2024 and provided fourth quarter and full year 2024 guidance.
Key Takeaways
Arteris reported revenue of $14.7 million and a record $60.5 million in Annual Contract Value plus royalties for Q3 2024. The company also achieved its third consecutive quarter of positive free cash flow.
Revenue was $14.7 million.
Annual Contract Value (ACV) plus royalties reached $60.5 million, a 6% increase year-over-year.
Remaining performance obligation (RPO) increased by 25% year-over-year to $78.4 million.
Non-GAAP free cash flow was positive $1.1 million, representing 7% of revenue.
Forward Guidance
Arteris provided guidance for Q4 2024, expecting revenue between $14.7 million and $15.7 million, and ACV + royalties between $63.0 million - $67.0 million.
Positive Outlook
- Q4 2024 ACV + royalties are expected to be between $63.0 million and $67.0 million.
- Q4 2024 Revenue is expected to be between $14.7 million and $15.7 million.
- Full Year 2024 ACV + royalties are expected to be between $63.0 million and $67.0 million.
- Full Year 2024 Revenue is expected to be between $56.9 million and $57.9 million.
- Full Year 2024 Free cash flow is expected to be between $0.7 million and $2.7 million.
Challenges Ahead
- Q4 2024 Non-GAAP operating loss is expected to be between $4.0 million and $5.0 million.
- Q4 2024 Free cash flow is expected to be between $(0.9) million and $1.1 million.
- Full Year 2024 Non-GAAP operating loss is expected to be between $16.1 million and $17.1 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...