Arteris, Inc. · NASDAQ:AIP

Arteris — Q2 2024 Earnings Presentation

7 slides from Arteris's earnings presentation, Aug 1, 2024

  1. Slide 1: Arteris 2Q 2024 Earnings Presentation

    Arteris 2Q 2024 Earnings Presentation Charlie Janac Nick Hawkins CEO CFO August 1, 2024 1 © 2024 Arteris, Inc.

  2. Slide 2: 2Q Business Highlights (1 of 2)

    2Q Business Highlights (1 of 2)  Delivered another positive free cash flow quarter, and met or exceeded all guided metrics  Added 7 new customers in the quarter  4 license deals with top 30 technology companies  Automotive and AI-enabled autonomous driving licensing momentum: – 1 new top 5 globa

  3. Slide 3: 2Q Business Highlights (2 of 2)

    2Q Business Highlights (2 of 2) Andes Technology Arteris and Andes are partnering to support the growing adoption of RISC-V SoCs by mutual customers, focusing on high-performance/low-power designs across a wide range of markets Esperanto Technologies Esperanto Technologies has chosen Arteris’ CSRCom

  4. Slide 4: 2Q 2024 Results: Revenue, ACV + Royalties, RPO, Gross Profit

    2Q 2024 Results Revenue, ACV + Royalties, RPO, Gross Profit 2Q 2023 1Q 2024 2Q 2024 Guidance 2Q 2024 Revenue $14.7M $12.9M $13.2M - $14.2M $14.6M (-1% Y/Y)1 ACV + $60.1M $58.2M $58.2M $58M - $62M Royalties (+3% Y/Y) RPO $65.1M $74.7M N/A $77.5M (+19% Y/Y) GAAP: $13.5M (92%) GAAP: $11.5M (89%) GAAP:

  5. Slide 5: 2Q 2024 Results: Operating Expenses, Operating Income

    2Q 2024 Results Operating Expenses, Operating Income 2Q 2023 1Q 2024 2Q 2024 Guidance 2Q 2024 Operating GAAP: $22.2M GAAP: $20.6M GAAP: $20.6M N/A Non-GAAP: $16.8M Expenses Non-GAAP: $17.9M Non-GAAP: $17.0M (-6% Y/Y) Operating GAAP: ($8.7M) GAAP: ($9.1M) Non-GAAP: GAAP: ($7.4M) Non-GAAP: ($3.5M) Inc

  6. Slide 6: 2Q 2024 Results: Free Cash Flow, Cash

    2Q 2024 Results Free Cash Flow, Cash 2Q 2023 1Q 2024 2Q 2024 Guidance 2Q 2024 Free Cash $0.3M ($2.2M) $0.3M ($1.4M) – $1.6M Flow (+$2.5M Y/Y) Cash, Cash Equivalents & $60.8M $53.4M N/A $53.9M Investments 6 © 2024 Arteris, Inc.

  7. Slide 7: Guidance

    Guidance 3Q 2024 Guidance FY 2024 Guidance ACV + Royalties Revenue ACV + Royalties Revenue $58.5M - $62.5M $14.2M - $15.2M $62M - $68M $56M - $58M (+$1M)1 Non-GAAP Op. Free Cash Flow Non-GAAP Op. Free Cash Flow Income Income ($5.5M) – ($3.5M) ($1.4M) – $1.6M ($22M) – ($18M) ($2.4M) – $2.6M (+$1.4M)1

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