Welcome to our dedicated page for Arteris news (Ticker: AIP), a resource for investors and traders seeking the latest updates and insights on Arteris stock.
Arteris, Inc. Common Stock (symbol: AIP) is a premiere technology company specializing in network-on-chip (NoC) interconnect IP and system-on-chip (SoC) integration solutions. Arteris’ innovative products are designed to enhance the performance and efficiency of semiconductor devices by providing flexible, efficient interconnect technology enabling reduced cycle times, increased margins, and the effortless addition of functionality.
Arteris' NoC interconnect IP, such as FlexNoC and Ncore, facilitates high-bandwidth, low-latency on-chip connectivity that is essential for a variety of advanced electronic systems. The company's modular architecture allows semiconductor designers to optimize throughput, power, latency, and floorplan, significantly reducing the complexity and physical constraints associated with traditional bus and crossbar interconnect approaches.
Arteris serves a global customer base spanning the Americas, Asia Pacific, Europe, and the Middle East, with a notable concentration of revenues from Asia Pacific. The company’s technology is integrated into devices ranging from 5G base stations and AI accelerators to automotive systems and enterprise computing platforms. This wide application scope is enabled by partnerships with industry leaders such as EdgeQ, Mobileye, and Rebellions.
Recent achievements include the deployment of Arteris’ FlexNoC in EdgeQ’s revolutionary 5G and AI-driven Base Station-on-a-Chip, collaboration with Arm for optimized automotive electronics, and the selection of Arteris' technology by Rebellions for next-generation AI applications. Additionally, Arteris’ Ncore interconnect IP has achieved ISO 26262 certification for functional safety, emphasizing its reliability in mission-critical systems.
Financially, Arteris has shown robust activity with a significant increase in design starts and new customer acquisitions. The company's latest quarterly results reflect strong revenue growth and expanding market influence, underpinned by strategic collaborations and product innovations. Furthermore, Arteris' strategic focus on high-growth sectors such as AI, automotive, and enterprise computing positions it well for continued success.
Arteris continues to advance its technology offerings with tools like Magillem and CSRCompiler, which automate SoC integration processes, further enhancing design efficiency and reducing time-to-market for new products. These solutions underscore Arteris' commitment to providing comprehensive, high-performance IP that meets the evolving needs of the semiconductor industry.
Arteris, Inc. reported strong third-quarter results, with a revenue increase of 41% to $12.6 million and an Annual Contract Value plus Trailing-Twelve-Month Royalties of $53.2 million, up 17% year-over-year. However, the company faced an operating loss of $7.8 million, equating to 61% of revenue. The firm added 10 active customers, including partnerships in automotive and space sectors. For Q4 2022, Arteris estimates revenue between $10.8 million and $11.8 million, with a projected non-GAAP operating loss of 50.2% to 70.2% of revenue.
Arteris, Inc. (Nasdaq: AIP) has announced the appointment of Christel Mauffet-Smith as its Executive Vice President of Global Sales as of November 7, 2022. Mauffet-Smith brings over two decades of experience from leading firms including Cadence, Ansys, and Synopsys. Her role will encompass worldwide responsibility for sales and customer support, aimed at enhancing customer success and expanding market reach. K. Charles Janac, President and CEO, emphasized her strategic acumen and proven track record in driving growth and efficiency.
Arteris, Inc. (Nasdaq: AIP) has secured a significant multiyear licensing agreement with Microchip Technology Inc. for its advanced FlexNoC interconnect IP. This technology enhances performance, configurability, and low power consumption for Microchip's next-generation 32-bit microcontroller (MCU) product line, which targets aerospace, machine learning, and embedded computing sectors. Arteris CEO, K. Charles Janac, noted this deal underscores their technology's adaptability across diverse markets. The partnership signifies a notable expansion in Arteris' client base.
Arteris, Inc. (Nasdaq: AIP) announced its upcoming release of financial results for Q3 2022, scheduled for November 8, 2022, after market close. A conference call will be held the same day at 4:30 PM ET to discuss the results, accessible via phone or live webcast. Arteris, a leader in system IP solutions, focuses on enhancing system-on-chip (SoC) development across various sectors including automotive and 5G. The company's solutions aim at increasing performance while reducing development costs.
Arteris, Inc. (Nasdaq: AIP) has expanded its collaboration with Arm to accelerate innovation in automotive electronics. This partnership will utilize Arm processors combined with Arteris system IP to enhance capabilities in autonomous driving, ADAS, and various automotive subsystems. The collaboration aims to provide customers with optimized solutions for complex tasks while reducing project timelines and costs. The automotive sector's increasing demands for advanced systems further strengthen this initiative, positioning Arteris as a key player in the semiconductor industry.
Arteris, Inc. (AIP) has expanded its partnership with Arm to accelerate innovation in automotive electronics. This collaboration integrates Arm's advanced processors with Arteris' system IP, aimed at developing solutions for autonomous driving, ADAS, and other critical subsystems. The partnership intends to enhance performance and power efficiency, facilitating faster time-to-market and reduced project costs for automotive manufacturers. Arteris anticipates increased demand for intelligent automotive systems that require advanced SoC connectivity.
Arteris Inc. (Nasdaq: AIP) announced a collaboration with SiMa.ai to integrate its FlexNoC interconnect IP into SiMa.ai's Machine Learning System-on-Chip (MLSoC). This partnership aims to enhance AI/ML computing at the edge with high speed and low latency capabilities. The collaboration enables efficient connectivity between SiMa.ai's SoC and ML accelerators, enhancing customer experience. Both companies express mutual appreciation for their ongoing collaboration and the successful integration of technology, which facilitates a push-button deployment experience for clients.
Arteris, a leader in NoC IP technology, reported strong Q2 2022 results with revenue of $14.8 million, up 37% year-over-year. The Annual Contract Value plus TTM royalties reached $51.7 million, an 18% increase year-over-year. However, the company posted an operating loss of $5.4 million (37% of revenue) and a net loss of $5.7 million ($0.18 per share). Looking forward, Arteris projects Q3 revenue between $10.5 - $12.5 million and FY 2022 revenue of $49.5 - $52.5 million. The company added nine new active customers in Q2, indicating growing demand despite economic challenges.
Arteris IP (NASDAQ: AIP) announced it will release its financial results for Q2 ended June 30, 2022, on August 9, 2022, after market close. A conference call to discuss these results will take place on the same day at 4:30 PM ET. Participants can join by dialing specific toll-free numbers or via a live webcast on Arteris IP’s Investor Relations webpage. The company is recognized for its network-on-chip (NoC) interconnect technology, aiding in the development of SoC semiconductor devices for various applications, lowering costs and increasing efficiency.
Arteris Inc. (Nasdaq: AIP) has successfully deployed its FlexNoC® interconnect IP with Inuitive, enhancing the capabilities of advanced vision processing systems. This collaboration focuses on optimizing connectivity and timing solutions for Inuitive's new Vision-on-Chip processors, which integrate multiple vision technologies into a single chip. Benefits include reduced latency, improved AI-based object detection, and superior performance. The technology is expected to advance next-generation vision systems while enabling scalability for future innovations.
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