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Dec 31, 2024
Arteris Q4 2024 Earnings Report
Arteris reported strong financial results for the fourth quarter of 2024, driven by record Annual Contract Value plus royalties and increased demand for its commercial system IP products.
Key Takeaways
Arteris, Inc. announced robust financial results for the fourth quarter of 2024, with revenue increasing by 24% year-over-year and Annual Contract Value (ACV) plus royalties reaching a record high of $65.1 million. The company also reported a significant improvement in operating loss and net loss compared to the previous year.
Revenue for Q4 2024 was $15.5 million, a 24% increase year-over-year.
Annual Contract Value (ACV) plus royalties reached a record $65.1 million, up 16% year-over-year.
Operating loss improved to $7.1 million from $9.2 million in Q4 2023.
Non-GAAP net loss was $3.9 million, or $0.10 per share, a significant improvement from $6.8 million in Q4 2023.
Revenue by Segment
Forward Guidance
Arteris provided guidance for Q1 2025 and full year 2025, anticipating continued growth in ACV plus royalties and revenue, alongside an expected increase in non-GAAP operating loss and free cash flow.
Positive Outlook
- Q1 2025 ACV plus royalties expected to be between $65.5 million and $67.5 million.
- FY 2025 ACV plus royalties expected to be between $73.0 million and $77.0 million.
- Q1 2025 revenue expected to be between $15.7 million and $16.1 million.
- FY 2025 revenue expected to be between $66.0 million and $70.0 million.
- FY 2025 free cash flow expected to be between $1.0 million and $7.0 million.
Challenges Ahead
- Q1 2025 Non-GAAP operating loss expected to be between $3.0 million and $4.0 million.
- FY 2025 Non-GAAP operating loss expected to be between $8.5 million and $12.5 million.
- Q1 2025 free cash flow expected to be between $(2.0) million and $2.0 million.
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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