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$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$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]