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Arteris to Announce Financial Results for the Fourth Quarter and Year End 2024 on Tuesday, February 18, 2025
Globenewswire· 2025-02-03 13:00
Core Viewpoint - Arteris Inc. will announce its financial results for Q4 and the full year of 2024 on February 18, 2025, after market close, followed by a conference call to discuss these results [1]. Company Overview - Arteris is a leading provider of system IP that accelerates system-on-chip (SoC) development, focusing on enhancing product performance while reducing power consumption and time to market [3]. - The company's network-on-chip (NoC) interconnect IP and SoC integration automation technology contribute to better SoC economics, allowing customers to innovate further [3]. Conference Call Details - The conference call will take place on February 18, 2025, at 4:30 PM ET, with live access available via a toll-free number for the U.S./Canada and an international toll number [1]. - A live webcast of the call will be accessible in the Investor Relations section of Arteris' website [1]. - A replay of the webcast will be available approximately two hours after the call and will remain accessible for about 30 days [2].
Arteris (AIP) Moves 7.0% Higher: Will This Strength Last?
ZACKS· 2024-12-27 14:35
Core Viewpoint - Arteris, Inc. (AIP) has experienced a significant stock price increase, attributed to strong trading volume and positive market sentiment, with a notable 16.6% gain over the past four weeks [1] Financial Performance - The company is projected to report a quarterly loss of $0.10 per share, reflecting a year-over-year improvement of 44.4%. Expected revenues are $15.25 million, which indicates a 22% increase compared to the same quarter last year [2] - The consensus EPS estimate for Arteris has remained stable over the last 30 days, suggesting that stock price movements may not continue without changes in earnings estimate revisions [3] Industry Context - Arteris operates within the Zacks Internet - Software industry, alongside Calix (CALX), which saw a 1% increase in its stock price, with a 9.8% return over the past month [4][7] - The company is benefiting from strong demand in AI-driven enterprise computing and automotive SoC solutions, along with increasing adoption of its technology by leading global customers [5] Market Trends - Research indicates a strong correlation between earnings estimate revisions and near-term stock price movements, highlighting the importance of monitoring these trends for potential investment opportunities [6]
Arteris, Inc. (AIP) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2024-11-27 16:01
Core Viewpoint - Arteris, Inc. (AIP) is showing potential for a bullish breakout as it has reached a key support level and experienced a "golden cross" in its moving averages [1][2]. Technical Analysis - AIP's 50-day simple moving average has crossed above its 200-day simple moving average, indicating a bullish trend [1][2]. - The golden cross pattern suggests a potential bullish breakout, characterized by a short-term moving average surpassing a long-term moving average [2]. - The successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer one, and maintaining upward momentum [3]. Recent Performance - AIP shares have increased by 20.8% over the past four weeks, indicating strong upward movement [4]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it may be poised for further gains [4]. - There have been two upward earnings estimate revisions in the last 60 days, with no downward revisions, contributing to a positive earnings outlook for the current quarter [4][5]. Technical Indicators - As of the latest data, AIP's 50-day simple moving average is at 7.494, while the 200-day simple moving average is at 7.536 [5]. - The trading volume for AIP is reported at 17.02, indicating active trading [5].
Arteris Selected by GigaDevice for Development in Next-Generation Automotive SoC With Enhanced FuSa Standards
GlobeNewswire News Room· 2024-11-19 14:00
Core Insights - Arteris, Inc. has announced that GigaDevice has licensed its FlexNoC 5 interconnect IP to improve product performance, reduce power consumption, and accelerate time to market [1] - GigaDevice focuses on providing high-performance, reliable automotive-grade solutions that meet stringent industry standards [2] - The FlexNoC 5 interconnect IP is designed to manage the complexities of functional safety standards, offering high performance, flexibility, and scalability [3] Company Overview: Arteris - Arteris is a leading provider of system IP that accelerates system-on-chip (SoC) development, enabling higher product performance with lower power consumption and faster time to market [4] - The company's network-on-chip (NoC) interconnect IP and SoC integration automation technology enhance SoC economics, allowing customers to focus on innovation [4] Company Overview: GigaDevice - GigaDevice Semiconductor Inc. is a global fabless supplier established in 2005, providing a wide range of solutions in various fields including industrial, automotive, and IoT [5] - The company has achieved ISO 9001:2015 and ISO 14001:2015 certifications, indicating a commitment to quality and environmental management [5] - GigaDevice is focused on building a complete ecosystem with major product lines such as Flash memory, MCU, sensor, and power [5]
AIP Realty Trust Announces Securities Purchase Agreement to Acquire AllTrades Industrial Properties, LLC and Closing of Investment by Plymouth Industrial OP, LP, a subsidiary of Plymouth Industrial REIT, Inc.
GlobeNewswire News Room· 2024-11-15 01:40
Core Viewpoint - AIP Realty Trust is set to acquire AllTrades Industrial Properties, LLC for up to US$78.7 million, aiming to enhance its portfolio of light industrial assets across the Sunbelt States of the U.S. [1][3] Transaction Details - The acquisition will involve cash payments covering AllTrades' indebtedness and transaction expenses, along with the issuance of preferred partnership units valued at 25% of the total purchase price [1] - The remaining purchase price will be contingent on the number of "Building Starts" approved, with payments structured over four anniversaries post-transaction closing [1][2] Approval and Conditions - The transaction is subject to customary closing conditions, including approvals from the TSX Venture Exchange and Trust unitholders, as well as a formal valuation and fairness opinion [2][13] - The Trust will seek a two-thirds majority approval from disinterested unitholders at a special meeting [13] Strategic Intent - The acquisition of AllTrades is expected to streamline AIP's expansion plans and fill a gap in the light industrial marketplace for high-quality facilities [3][5] - AIP Realty Trust aims to build a significant portfolio of AllTrades-branded light industrial assets, focusing on small businesses and trades in the U.S. [15] Related Transactions - AIP Realty Trust has completed a separate transaction with Plymouth Industrial OP, LP, raising US$2.2 million through the sale of preferred partnership interests to fund the AllTrades acquisition [4][9] - The proceeds from the Plymouth transaction will be used for working capital and costs associated with the AllTrades transaction [9] Governance and Oversight - Independent trustees have reviewed the AllTrades transaction, ensuring compliance with regulations and overseeing the approval process for individual Building Starts [10][11] - The transaction may be classified as a related party transaction due to the involvement of trustees who are also directors of AllTrades [11][12]
Arteris(AIP) - 2024 Q3 - Earnings Call Transcript
2024-11-06 02:43
Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was $14.7 million, an 11% year-over-year increase, and at the midpoint of guidance range [21] - Annual contract value (ACV) plus royalties reached a record high of $60.5 million [21] - Remaining performance obligations (RPO) increased by 25% year-over-year to $78.4 million, also a record high [21] - GAAP gross profit was $13.3 million with a gross margin of 90%, while non-GAAP gross profit was $13.5 million with a gross margin of 92% [22] - GAAP operating loss was $7.9 million, an improvement from $8.5 million in the prior year [23] - Non-GAAP net loss was $3.1 million, or diluted net loss per share of $0.08 [24] - Free cash flow was positive at $1.1 million, marking the third consecutive quarter of positive free cash flow [25] Business Line Data and Key Metrics Changes - The majority of new designs in Q3 came from enterprise computing, followed by automotive, consumer electronics, and communications [11] - Nearly half of the license deals in dollar terms this year have enabled AI SoC development, more than doubling year-over-year [11] - The company is expanding its focus to include microcontroller chips, which are becoming complex enough to benefit from system IP technology [15][16] Market Data and Key Metrics Changes - The demand for AI-driven enterprise computing and automotive SoC solutions was a significant driver of business in Q3 [9] - The company has a strong presence in the Chinese automotive market, with notable customers like NIO adopting its technology [10][31] - Design activity in the Chinese EV market is robust, with ongoing projects across various global markets [40] Company Strategy and Development Direction - The strategy focuses on supporting mid- and high-end SoCs and expanding relationships with large customers [15] - The company aims to address a broader set of designs at large customers, including microcontrollers for various applications [16] - Recent product innovations include NoC Tiling to accelerate AI SoC design, which is expected to enhance customer engagement [12][42] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term opportunity, supported by a strong product pipeline and relationships with advanced electronics companies [17] - The company is encouraged by its top-line trajectory and effective cost management, leading to improved guidance for revenue and free cash flow for the full year [28] - Management acknowledged the challenges posed by market share shifts in the automotive sector but emphasized a strong presence in the market [31][34] Other Important Information - The company announced the addition of two seasoned individuals to its leadership team, enhancing its strategic capabilities [18] - The company is engaged with approximately half of the top 30 technology companies that design chips [45] Q&A Session Summary Question: Impact of China's automotive market on the company - Management indicated that the strategy is to capture as many projects as possible, and the presence in the Chinese automotive market is strong [31] - The company believes that despite market share shifts, it will benefit from ongoing projects in the automotive sector [31][32] Question: Contribution of enterprise computing design - Enterprise computing remains a significant revenue contributor, driven by AI elements across various verticals [37] Question: Design activity in the Chinese EV market - Design activity is robust globally, with significant activity in China, the U.S., and Europe [40] Question: Licensing deals in the microcontroller market - ASPs in the microcontroller market are typically lower, but the strategy focuses on capturing entire generations of microcontrollers to improve account yield [41] Question: Customer feedback on new NoC Tiling product - Initial feedback is positive, with significant customer interest, but revenue impact is expected to start next year [42]
Arteris, Inc. (AIP) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2024-11-05 23:40
Arteris, Inc. (AIP) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 42.86%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.11, delivering a surprise of 26.67%. Over the last four quarters, the company has surpassed ...
Arteris(AIP) - 2024 Q3 - Quarterly Report
2024-11-05 22:04
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40960 Arteris, Inc. (Exact name of registrant as specified in its charter) Delaware 27-0117058 (State or o ...
Arteris(AIP) - 2024 Q3 - Quarterly Results
2024-11-05 21:08
ARTERIS IP Arteris Announces Financial Results for the Third Quarter 2024 and Fourth Quarter and Full Year 2024 Guidance CAMPBELL, Calif. - November 5, 2024 - Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP which accelerates system-on-chip (SoC) creation, today announced financial results for the third quarter ended September 30, 2024 and provided fourth quarter and full year 2024 guidance. "We're excited to report a record $60.5 million in Annual Contract Value plus royalties, and our third co ...
Arteris Announces Financial Results for the Third Quarter 2024 and Fourth Quarter and Full Year 2024 Guidance
GlobeNewswire News Room· 2024-11-05 21:05
CAMPBELL, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP which accelerates system-on-chip (SoC) creation, today announced financial results for the third quarter ended September 30, 2024 and provided fourth quarter and full year 2024 guidance. "We're excited to report a record $60.5 million in Annual Contract Value plus royalties, and our third consecutive quarter of positive free cash flow in the third quarter of 2024," said K. Charles Janac, Presiden ...