Arteris Announces Financial Results for the Fourth Quarter and Full Year 2024 and Estimated First Quarter and Full Year 2025 Guidance

Core Insights - Arteris, Inc. reported a record Annual Contract Value (ACV) plus royalties of $65.1 million in Q4 2024, reflecting a 16% year-over-year increase, driven by strong demand in AI-driven enterprise computing and automotive SoCs [2][6] - The company is well-positioned to capitalize on high-growth opportunities in Generative AI and Autonomous Driving, supported by a robust product pipeline and new customer acquisitions [2][5] Financial Highlights - Q4 2024 revenue reached $57.7 million, an 8% increase year-over-year [6] - Non-GAAP gross profit for Q4 2024 was $14.15 million, with a gross margin of 91% [35] - The operating loss for Q4 2024 was $7.1 million, an improvement from a loss of $9.2 million in Q4 2023 [6][35] - Full year 2024 net loss was $33.6 million, or $0.86 per share, compared to a net loss of $36.9 million in 2023 [6][35] Business Highlights - In 2024, Arteris signed 14 new customers, including two major automotive OEMs, and expanded its presence in key technology areas such as chiplets and microcontrollers [6][5] - The company announced design wins with GigaDevice and Menta for automotive microcontrollers and edge AI chiplet designs, respectively [6][5] - Arteris released FlexGen smart NoC IP, which can potentially enhance engineering productivity by up to 10 times while reducing power consumption [6][5] Guidance for 2025 - For Q1 2025, Arteris expects ACV plus royalties to be between $65.5 million and $67.5 million, and revenue to be between $15.7 million and $16.1 million [8] - Full year 2025 guidance includes expected revenue of $66.0 million to $70.0 million and a non-GAAP operating loss of $8.5 million to $12.5 million [8]