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Arteris Sees Q4 Revenue $11.3M-$12.3M Vs $14.39M Est.; FY23 Revenue $52.5M-$53.5M Vs $55.32M Est.

Author: Benzinga Newsdesk | November 07, 2023 08:53pm

Fourth Quarter and Full Year 2023 Guidance:

Q4 2023FY 2023 
(in millions, except %) 
ACV + TTM royalties$52.0 - $56.0$52.0 - $56.0
Revenue$11.3 - $12.3$52.5 - $53.5
Non-GAAP operating loss (%)56.1% - 76.1%39.0% - 44.0%
Free cash flow (%)(52.4)% - (32.4)%(38.1)% - (33.1)%

The guidance provided above are forward-looking statements and reflects Arteris' expectations as of today's date. Actual results may differ materially. Refer to the section titled "Forward-Looking Statements" below for information on the factors, among others, that could cause our actual results to differ materially from these forward-looking statements.

Non-GAAP gross profit, Non-GAAP gross margin, Non-GAAP operating loss, Non-GAAP operating loss margin, Non-GAAP net loss, Non-GAAP net loss per share, free cash flow and free cash flow margin are Non-GAAP financial measures. Additional information on Arteris' historic reported results, including a reconciliation of these Non-GAAP financial measures to their most comparable GAAP measures, is included in the financial tables below. A reconciliation of Non-GAAP guidance measures reported above to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Arteris' results computed in accordance with GAAP.

Definitions of the other business metrics used in this press release including ACV, active customers, confirmed design starts and RPO are included below under the heading "Other Business Metrics."

Posted In: AIP

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