Arteris Announces Financial Results for the Fourth Quarter and Full Year 2023 and Estimated First 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 fourth quarter and year ended December 31, 2023 and provided first quarter and full year 2024 guidance. "We're excited to report a strong finish to 2023, with Annual Contract Value and Trailing-Twelve-Month Variable Royalties of $56.1 million, above the high end of our guidance range," said K. Charles Janac, President and CEO of Arteris. "We believe that the accelerating adoption of commercial System IP solutions across the industry's most complex applications including Generative AI and advanced mobility is becoming clear. With 23 net new Active Customers in 2023, including several of the world's largest electronics companies, as well as a record number of license deals and customer chip designs, the scale and scope of our long-term opportunity remains robust," concluded Janac. Fourth Quarter 2023 Financial Highlights: Revenue of $12.5 million, up 12% year-over-year Annual Contract Value (ACV) and traili
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- 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
- Arteris Announces Financial Results for the First Quarter 2024 and Second Quarter and Full Year 2024 Guidance [Yahoo! Finance]Yahoo! Finance
- Arteris Announces Financial Results for the First Quarter 2024 and Second Quarter and Full Year 2024 GuidanceGlobeNewswire
- Arteris to Announce Financial Results for the First Quarter 2024 on Thursday, May 2, 2024GlobeNewswire
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