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Arteris Announces Financial Results for the Fourth Quarter and Full Year 2024 and Estimated First Quarter and Full Year 2025 Guidance
GlobeNewswire· 2025-02-18 21:05
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]
Codexis to Participate in TD Cowen 45th Annual Health Care Conference
GlobeNewswire· 2025-02-18 21:05
REDWOOD CITY, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Codexis, Inc. (NASDAQ: CDXS), a leading provider of enzymatic solutions for efficient and scalable therapeutics manufacturing, today announced the Company will attend the TD Cowen 45th Annual Health Care Conference, being held March 3-5, 2025, in Boston, Massachusetts. Management will participate in a fireside chat on Tuesday, March 4, 2025, at 1:10 pm ET. A live webcast of the event will be available in the Investor Relations section of the Company’s ...
SAIHEAT Limited to Hold Extraordinary General Meeting on February 26, 2025
GlobeNewswire· 2025-02-18 21:05
SINGAPORE, Feb. 18, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), today announced that it will hold an extraordinary general meeting (the “EGM”) of shareholders (the “Notice of EGM”) virtually at http://www.virtualshareholdermeeting.com/SAI2025SM on February 26, 2025 at 10:00 a.m. Eastern Standard Time, for the purposes of considering and, if thought fit, passing the proposals set forth in the Notice of EGM. The Notice of EGM ...
Upwork to Present at The Citizens JMP Technology Conference
GlobeNewswire· 2025-02-18 21:03
PALO ALTO, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketplace that connects businesses with independent talent from across the globe, today announced that President and CEO Hayden Brown and CFO Erica Gessert will participate in a fireside chat at The Citizens JMP Technology Conference in San Francisco, CA on Monday, March 3, 2025 at 12:00 p.m. PT/3:00 p.m. ET. A live webcast of the fireside chat will be available in the Events and Presentations section ...
Gibson Energy Announces 5% Dividend Increase and Declares Dividend
GlobeNewswire· 2025-02-18 21:03
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (TSX:GEI) (“Gibson”, or the “Company”) announced today that its Board of Directors has approved and declared a quarterly dividend of $0.43 per common share, representing a 5% increase of $0.02 per common share per quarter. The quarterly dividend is payable on April 17, 2025, to shareholders of record at the close of business on March 31, 2025. This dividend is designate ...
Steelworkers union supports NDP plan for massive public infrastructure program using Canadian steel
GlobeNewswire· 2025-02-18 21:02
HAMILTON, Ontario, Feb. 18, 2025 (GLOBE NEWSWIRE) -- With job losses already a reality, United Steelworkers union (USW) representatives met today to underscore the urgency of a national program to protect Canadian workers from the Trump administration’s threats of devastating, unprecedented tariffs. USW members from five manufacturing and steel plants in Hamilton and the nearby community of Nanticoke held a roundtable discussion this morning with federal New Democratic Party Leader Jagmeet Singh regarding t ...
Solidus Resources, LLC Announces Positive Feasibility Study Results for Its Spring Valley Gold Project in Nevada
GlobeNewswire· 2025-02-18 21:01
RENO, Nev., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Solidus Resources, LLC (“Solidus” or the “Company”) is pleased to announce the results of the Spring Valley Gold Project (“Spring Valley” or the "Project") Feasibility Study prepared by lead consultant Ausenco Engineering Canada ULC (“Ausenco”) with an effective date of January 31, 2025. The Project is located in Pershing County, Nevada. This news release contains forward-looking information about expected future events and financial and operating performance of ...
Gibson Energy Reports 2024 Fourth Quarter and Record Full Year Results Driven by All-Time High Volumes at the Gateway and Edmonton Terminals, Alongside a 5% Dividend Increase
GlobeNewswire· 2025-02-18 21:01
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (TSX:GEI) ("Gibson" or the "Company") announced today its financial and operating results for the three and twelve months ended December 31, 2024. “We are pleased to announce record Infrastructure results for 2024, driven by a full year of contribution from Gateway," said Curtis Philippon, President & Chief Executive Officer. "Exiting the year, the quality and stabili ...
Goosehead Insurance, Inc. To Report Fourth Quarter and Full Year 2024 Results
GlobeNewswire· 2025-02-18 21:01
WESTLAKE, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), announced today that it will report its fourth quarter 2024 results after the market close on Monday, February 24, 2024. The company will hold a conference call to discuss results at 4:30 PM ET on February 24th. To access the call by phone, participants should go to this link (registration link), and you will be provided with the dial in details. A live webcast of the conference call w ...
Trio of Seasoned Healthcare Leaders Joins Greenhouse Treatment Center’s Executive Team
GlobeNewswire· 2025-02-18 21:00
GRAND PRAIRIE, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Greenhouse Treatment Center has announced the appointment of three experienced healthcare professionals to its executive team. The Texas-based addiction treatment facility welcomes Jonathan Sprecher as Executive Director, Satisha Kidd-Grijialiva as Clinical Director, and Brian Shegog as Director of Nursing. Collectively, they bring over five decades of healthcare leadership experience to their roles. Jonathan Sprecher, RN, has had an extensive career i ...