Arteris, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, total revenue was $15.9 million, marking a 24% increase year-over-year, while full year 2024 revenue reached $57.7 million, up 7.6% from the previous year. The company achieved a record Annual Contract Value (ACV) plus royalties of $65.1 million.
The GAAP net loss for Q4 2024 was $8.8 million, and for the full year 2024, it was $26.0 million. Management noted strong demand for commercial semiconductor System IP products, particularly in AI-driven enterprise computing and automotive SoCs, contributing to new customer wins and expanded partnerships.
For the first quarter of 2025, Arteris provided guidance expecting ACV plus royalties between $65.5 million and $68.5 million, and revenue between $15.5 million and $16.5 million. The non-GAAP operating loss is projected to be between $4.5 million and $5.5 million, with non-GAAP free cash flow anticipated to be positive, ranging from $0.5 million to $3.5 million. Full year 2025 guidance includes ACV plus royalties of $70 million to $76 million and total revenue of $64 million to $68 million.
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