Arteris, Inc. Stock Price, News & Analysis

Arteris IP (NASDAQ: AIP) announced that Claudia Fan Munce will join its Board of Directors beginning May 2022, bringing over 30 years of experience from IBM. Ms. Munce held several executive roles at IBM, including Vice President of Corporate Development. She is also a venture advisor at New Enterprise Associates and serves on several boards, including Best Buy. Christian Claussen will not seek re-election at the company's upcoming annual meeting on June 14, 2022. CEO K. Charles Janac expressed enthusiasm for Ms. Munce's contributions to Arteris as it aims to lead in the Semiconductor System IP sector.

Arteris IP (NASDAQ: AIP) announced that BMW Group has licensed its FlexNoC interconnect IP for a new chip project, partially funded by the German Federal Ministry of Education and Research. This project aims to enhance automotive artificial intelligence and machine learning capabilities. The FlexNoC technology is chosen for its ability to improve system-level performance, functional safety, and energy efficiency in AI/ML processing. BMW Group is leading the project, focusing on developing an accelerator chip that pushes the boundaries of current technology in energy efficiency and reliability.

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.