Arteris, Inc. · NASDAQ:AIP
Arteris — Q1 2024 Earnings Presentation
7 slides from Arteris's earnings presentation, May 2, 2024
Slide 1: Arteris 1Q 2024 Earnings Presentation
Arteris 1Q 2024 Earnings Presentation Charlie Janac Nick Hawkins CEO CFO May 2, 2024 1 © 2024 Arteris, Inc.
Slide 2: Business Highlights (1 of 2)
Business Highlights (1 of 2) Delivered positive free cash flow quarter and ACV plus royalties of $58.2M in the quarter Robust design activity across our main verticals, primarily in Enterprise Computing and Automotive, followed by Communications, Industrial, and Consumer Electronics Licensing
Slide 3: Business Highlights (2 of 2)
Business Highlights (2 of 2) Rebellions Mercedes Benz Standardization Collaboration Rebellions selects Arteris for its next-generation Neural Processing Unit aimed at Generative AI and Large At the Automotive Computing Conference, Mercedes Benz Language Models presented a vision for standardization
Slide 4: 1Q 2024 Results
1Q 2024 Results Revenue, ACV + Royalties, RPO, Gross Profit 1Q 2023 4Q 2023 1Q 2024 Guidance 1Q 2024 Revenue $13.2M $12.5M $12.1M - $13.1M $12.9M (-2% Y/Y)1 ACV + $58.2M $54.8M $56.1M $55.0M - $59.0M Royalties (+6% Y/Y) RPO $57.3M $72.7M N/A $74.7M (+30% Y/Y) GAAP: $12.0M (91%) GAAP: $11.1M (88%) GA
Slide 5: 1Q 2024 Results
1Q 2024 Results Operating Expenses, Operating Income 1Q 2023 4Q 2023 1Q 2024 Guidance 1Q 2024 Operating GAAP: $20.8M GAAP: $20.3M GAAP: $20.6M N/A Non-GAAP: $17.0M Expenses Non-GAAP: $17.7M Non-GAAP: $16.8M (-4% Y/Y) Operating GAAP: ($8.8M) GAAP: ($9.2M) Non-GAAP: GAAP: ($9.1M) Non-GAAP: ($5.3M) Inc
Slide 6: 1Q2024 Results
1Q2024 Results Free Cash Flow, Cash 1Q 2023 4Q 2023 1Q 2024 Guidance 1Q 2024 Free Cash ($8.5M) ($3.4M) ($1.2M) – $1.4M +$0.3M Flow Cash, Cash Equivalents $63.4M $53.0M N/A $53.4M & Investments 6 © 2024 Arteris, Inc.
Slide 7: Guidance
Guidance 2Q 2024 Guidance FY 2024 Guidance ACV + Royalties Revenue ACV + Royalties Revenue $58M - $62M $13.2M - $14.2M $62M - $68M $54.5M - $57.5M Non-GAAP Op. Non-GAAP Op. Free Cash Flow Free Cash Flow Income ($1.4M) – $1.6M Income ($2.4M) – $2.6M ($6.5M) – ($4.5M) ($23.4M) – ($19.4M) 7 © 2024 Arte