Arteris Announces Financial Results for the First Quarter 2024 and Second Quarter and Full Year 2024 Guidance [Yahoo! Finance]
Arteris, Inc. (AIP)
Company Research
Source: Yahoo! Finance
system-on-chip (SoC) creation, today announced financial results for the first quarter ended March 31, 2024 and provided second quarter and full year 2024 guidance. “We're encouraged by our solid start to 2024, with positive free cash flow in the first quarter, and Annual Contract Value and Trailing-Twelve-Month Variable Royalties of $58.2 million, driven by robust licensing activity across all of our verticals including Enterprise Computing and Automotive deals,” said K. Charles Janac, President and CEO of Arteris. “Nearly half of our license deals this quarter facilitated AI/ML design starts, showcasing the significance of AI for our clients. In addition, we secured five major deals with top 30 global technology firms, underscoring Arteris' continued influence as a leading commercial system IP vendor in the semiconductor industry,” concluded Janac. First Quarter 2024 Financial Highlights: Revenue of $12.9 million Annual Contract Value (ACV) and trailing-twelve-months (TTM) v
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- Arteris, Inc. (NASDAQ: AIP) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $9.00 price target on the stock, down previously from $11.00.MarketBeat
- Earnings Update: Arteris, Inc. (NASDAQ:AIP) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts [Yahoo! Finance]Yahoo! Finance
- Arteris, Inc. (NASDAQ:AIP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- RCAT, SMFL and NUVO among mid-day movers [Seeking Alpha]Seeking Alpha
- 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
- 5/2/24 - Beat
AIP
Sec Filings
- 5/14/24 - Form 4
- 5/3/24 - Form 4
- 5/2/24 - Form 10-Q
- AIP's page on the SEC website