Charlie Janac continued to highlight the company’s expansion into the microcontroller market and the positive feedback received on its new NoC Tiling product. He also mentioned that bookings for Q3 and Q4 are expected to be strong, with Q4 typically being the peak quarter for the company.
Looking ahead, Arteris forecasts a Q4 2024 ACV plus royalties between $63 million to $67 million, with full-year revenue projections for 2024 ranging between $56.9 million and $57.9 million. The company anticipates a non-GAAP operating loss for the full year to be between $17.1 million and $16.1 million, with continued positive free cash flow expected for the coming quarters.
Overall, Arteris Inc. demonstrated resilience and growth in its Q3 2024 earnings call, with significant achievements and a positive outlook for the future. The company’s focus on AI and automotive SoC solutions, along with strategic partnerships and product innovations, positions it well in the competitive tech landscape. Investors should consider the company’s financial health, market position, and future prospects when evaluating the stock’s potential.