Slide 1: 4Q 2024 Earnings Presentation
Arteris 4Q 2024 Earnings Presentation Charlie Janac Nick Hawkins CEO CFO February 18, 2025 1 © 2025 Arteris, Inc.
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying oral presentation have been prepared by Arteris, Inc. ("Arteris IP“ or “the "Company") for informational purposes only and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise or r
Slide 3: 4Q Business Highlights (1 of 2)
4Q Business Highlights (1 of 2) Achieved a record high $65.1 million ACV plus royalties, fueled by AI-driven enterprise computing and automotive designs, and growing momentum in key areas such as MCUs and chiplets Large customers broadened their use of the Arteris product portfolio—one of the la
Slide 4: 4Q Business Highlights (2 of 2)
4Q Business Highlights (2 of 2) Infineon Infineon, serving many of the world’s top automotive Tier 1 vendors and OEMs, has licensed Arteris NoCs for its automotive MCUs. GigaDevice’s microcontroller business unit has chosen Arteris interconnect for its capabilities in minimizing interconnect area an
Slide 5: 4Q and FY 2024 Results: Revenue, ACV + Royalties, RPO, Gross Profit
4Q and FY 2024 Results Revenue, ACV + Royalties, RPO, Gross Profit 4Q 2023 3Q 2024 4Q’24 4Q 2024 FY 2023 FY’24 FY2024 Guidance Guidance $14.7M - $15.5M $56.9M - $57.7M Revenue $12.5M $14.7M $15.7M (+24% Y/Y) $53.7M $57.9M (+7% Y/Y) ACV + $65.1M $65.1M $56.1M $60.5M $63M - $67M $56.1M $63M - $67M Roy
Slide 6: 4Q and FY 2024 Results: Operating Expenses, Operating Income
4Q and FY 2024 Results Operating Expenses, Operating Income 4Q 2023 3Q 2024 4Q’24 4Q 2024 FY 2023 FY’24 FY2024 Guidance Guidance Non-GAAP*: Non-GAAP*: Non-GAAP*: Non-GAAP*: Non-GAAP*: Operating $16.9M $67.6M $16.8M $16.8M $69.1M N/A (+<1% Y/Y) N/A (-2% Y/Y) Expenses GAAP: GAAP: GAAP: GAAP: GAAP: $20
Slide 7: 4Q and FY 2024 Results: Free Cash Flow, Cash
4Q and FY 2024 Results Free Cash Flow, Cash 4Q 2023 3Q 2024 4Q’24 4Q 2024 FY 2023 FY’24 FY2024 Guidance Guidance Free Cash ($0.9M) – ($2.7M) $0.7M – ($1.0M) ($3.4M) $1.1M ($17.2M) Flow* $1.1M (+$0.7M Y/Y) $2.7M (+$16.2M Y/Y) Cash, Cash Equivalents & $53.0M $54.5M N/A $52.3M $53.0M N/A $52.3M Investm
Slide 8: Guidance
Guidance 1Q 2025 Guidance FY 2025 Guidance ACV + Royalties1 Revenue2 ACV + Royalties3 Revenue4 $65.5M - $67.5M $15.7M - $16.1M $73M - $77M $66M - $70M Non-GAAP Op. Free Cash Flow* Non-GAAP Op. Free Cash Flow* Income* Income* ($4M) – ($3M) ($2.0M) – $2.0M ($12.5M) – ($8.5M) $1M – $7M 1. 66.5M at the
Slide 9: Appendix - Non-GAAP Financial Measures
Appendix - Non-GAAP Financial Measures To supplement our financial results, which are prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, as described below, to understand and evaluate our core performance. These non-GAAP measures, which may be different than
Slide 10: Appendix - GAAP To Non-GAAP Reconciliation (Gross profit)
Appendix - GAAP To Non-GAAP Reconciliation Gross profit Three Months Ending: Twelve Months Ending: In $ thousands December 31, September 30, December 31, December 31, December 31, 2023 2024 2024 2023 2024 Gross profit 11,056 13,252 13,914 48,589 51,762 Add: Stock-based compensation 170 221 187 556 7
Slide 11: Appendix - GAAP To Non-GAAP Reconciliation (Operating expenses)
Appendix - GAAP To Non-GAAP Reconciliation Operating expenses Three Months Ending: Twelve Months Ending: In $ thousands December 31, September 30, December 31, December 31, December 31, 2023 2024 2024 2023 2024 Operating expenses 20,305 21,171 21,016 83,731 83,358 Less: Stock-based compensation 3,38
Slide 12: Appendix - GAAP To Non-GAAP Reconciliation (Operating income)
Appendix - GAAP To Non-GAAP Reconciliation Income (loss) from operations Three Months Ending: Twelve Months Ending: In $ thousands December 31, September 30, December 31, December 31, December 31, 2023 2024 2024 2023 2024 Operating income (loss) (9,249) (7,919) (7,102) (35,142) (31,596) Add: Stock-b
Slide 13: Appendix - Free Cash Flow
Appendix –Free Cash Flow Three Months Ending: Twelve Months Ending: In $ thousands December 31, September 30, December 31, December 31, December 31, 2023 2024 2024 2023 2024 Net cash (used in) provided by operating (2,979) 1,123 (2,631) (15,729) (720) activities Less: Purchase of property and equipm