Arteris, Inc. - AIP STOCK NEWS

Arteris IP (NASDAQ: AIP) has appointed Michal Siwinski as its new Chief Marketing Officer. With over two decades of experience in B2B technology and a proven record at Cadence Design Systems, Siwinski will oversee global marketing and partnership management. His expertise in developing transformative marketing strategies is expected to drive Arteris IP's next growth phase. The company specializes in system-on-chip (SoC) technology, providing critical IP products that enhance semiconductor development for clients across diverse industries.

Arteris IP reported its Q4 and 2021 financial results, showcasing a 19% revenue growth to $11.4 million and an increase in Annual Contract Value to $50 million. The company ended 2021 with 192 Active Customers, a 28% rise from the previous year, and recorded an operating loss of $7.3 million (64% of revenue). For Q1 2022, Arteris forecasts revenue between $10 million and $12 million, with full-year expectations of $47 million to $51 million. The overall RPO is up 26% year-over-year to $60.5 million, indicating strong demand and growth potential in the SoC semiconductor market.

Arteris IP (NASDAQ: AIP) announced that Pankaj Mayor has joined as Executive Vice President of Global Sales, bringing extensive experience from companies like Cadence, Ansys, and GlobalFoundries. Mr. Mayor will oversee worldwide sales, field engineering, and customer support as the company enters a new growth phase. His expertise in semiconductor IP is expected to enhance Arteris IP's market position. CEO K. Charles Janac expressed confidence that Mayor's leadership will help achieve growth objectives in the system IP sector.

Arteris IP (NASDAQ: AIP) has announced the release of its financial results for the fourth quarter and full year ended December 31, 2021. The results will be disclosed after market close on March 3, 2022. A conference call is scheduled for the same day at 4:30 PM ET to discuss the results, accessible via dial-in or a live webcast. Arteris IP focuses on network-on-chip (NoC) interconnect and intellectual property technology for digital SoC devices, serving various sectors including AI, automotive, and IoT.

Arteris IP (NASDAQ: AIP), a provider of network-on-chip (NoC) interconnect and intellectual property technologies, announced its addition to the Russell 2000 Index effective December 20, 2021. This inclusion follows the company's successful IPO in October and expands its visibility in the investment community. The Russell 2000 Index is widely utilized by institutional investors for various investment strategies and benchmarks, with approximately $10.6 trillion in assets tied to Russell's indexes.

Arteris, a leader in NoC interconnect technology, reported a 39% year-over-year revenue increase for Q3 2021, reaching $9.0 million. Annual Contract Value (ACV) and TTM royalties rose 21% to $45.6 million. Despite a net loss of $5.0 million ($0.24 per share), the company maintains strong demand in machine learning and automotive sectors, especially for autonomous driving applications. Q4 2021 revenue guidance is estimated at $10.0 - $11.1 million, with full-year guidance at $36.3 - $37.5 million. Active customers increased by 72% to 179.

Arteris IP announced the release of its financial results for Q3 2021, scheduled for November 30, 2021, after market close. The company provides system-on-chip intellectual property, including NoC interconnect IP and deployment software. A conference call to discuss these results will follow at 4:30 PM ET, accessible via dial-in or live webcast on their investor relations site. Arteris IP's products support the development of complex SoCs.

Arteris IP (NASDAQ: AIP) has introduced the Harmony Trace™️ Design Data Intelligence Solution, aimed at enhancing compliance with functional safety standards in the semiconductor industry. This server-based application improves system quality by fixing traceability gaps across different systems, enabling faster functional safety certifications. Key features include a web-based user interface and automation of requirement linking. The solution allows engineers to leverage existing tools while ensuring comprehensive visibility of traceability throughout the SoC design lifecycle.

Arteris IP announced the pricing of its initial public offering (IPO) of 5,000,000 shares at $14.00 each, anticipating gross proceeds of $70 million. The shares will begin trading on the Nasdaq Global Market under the ticker symbol AIP on October 27, 2021, with the offering expected to close on October 29, 2021. Underwriters have a 30-day option to buy an additional 750,000 shares. Jefferies LLC and Cowen are leading the offering, which was registered and declared effective by the SEC on October 26, 2021.