AIP Earnings Prediction
The chart below shows how AIP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AIP sees a -1.09% change in stock price 10 days leading up to the earnings, and a +0.64% change 10 days following the report. On the earnings day itself, the stock moves by -0.97%. This data can give you a slight idea of what to expect for the next quarter's release.
AIP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
15.49M
23.87%
5.27%
Gross Margin
89.83%
1.59%
-0.27%
Operating Margin
-45.85%
-38.02%
-14.81%
Net Margin
-52.97%
-37.16%
1.38%
EPS
-0.20
-31.03%
-0.00%
No Data Available
AIP Earnings Analysis
Arteris Inc Corporation (AIP.O) Earnings Conference Call
Positive
Earnings Surprise Report: Arteris, Inc. beat earnings expectations with a reported EPS of $-0.1, exceeding the expectation of $-0.11.
Record Annual Contract Value: The company achieved a record annual contract value plus royalties of $65.1 million, driven by increased demand for semiconductor system IP products.
Q4 Revenue Surge: There was a 24% year-over-year increase in total revenue for Q4, reaching $15.5 million, which was above the midpoint of guidance.
RPO Growth Milestone: Remaining performance obligations (RPO) grew to $88.4 million, a 22% year-over-year increase, marking the highest level reported by the company.
Strong Gross Profit Margin: Non-GAAP gross profit for Q4 was $14.2 million, with a gross margin of 91%, indicating strong profitability.
Non-GAAP Operating Loss Improvement: The company reported a significant improvement in non-GAAP operating loss, which was $2.8 million for Q4, an improvement from $5.5 million in the prior year.
Strong Balance Sheet Position: Arteris ended the quarter with $52.3 million in cash and no financial debt, indicating a strong balance sheet position.
Smart NoC IP Deployment: The company announced the successful deployment of FlexGen Smart NoC IP, which is expected to enhance engineering productivity and lower power consumption.
Customer Base Expansion: Arteris continues to expand its customer base, adding 14 new customers in 2024, including major players in the technology and automotive sectors.
Negative
Higher Than Expected Losses: Non-GAAP operating loss in Q4 was $2.8 million, which was above the top end of guidance, indicating higher losses than anticipated.
Q4 Operating Loss Analysis: GAAP operating loss for Q4 was $7.1 million, showing a significant loss despite improvements from the previous year.
Q4 Non-GAAP Net Loss: Non-GAAP net loss for Q4 was $3.9 million, translating to a diluted net loss per share of $0.10, which reflects ongoing financial challenges.
Q4 Net Loss Analysis: GAAP net loss for Q4 was $8.2 million, or a diluted net loss per share of $0.20, indicating continued financial strain.
Cash Flow Challenges: Free cash flow was negative $2.7 million in Q4 and negative $1.0 million for the full year, which is below guidance and suggests cash flow issues.
Accounts Receivable Increase: Accounts receivable increased by $11.9 million from the prior quarter, indicating potential cash collection challenges and working capital management issues.
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AIP Earning Call Sentiment
Arteris, Inc. (NASDAQ:AIP) Q4 2024 Earnings Call Transcript
AIP.O
2.7%Positive
The earnings call shows strong financial performance with record high revenues and significant annual contract value plus royalties. Despite operational losses, improvements were noted, and guidance remains optimistic. The Q&A section highlighted strong product adoption and positive ASP trends. However, management's lack of clarity on specific bookings figures slightly tempers enthusiasm. Overall, the positive financial metrics and guidance suggest a likely stock price increase in the short term.
