Arteris Announces Financial Results for the Fourth Quarter and Full Year 2021 and Estimated First Quarter and Full Year 2022 Guidance

Investor Contacts:
Arteris
Nick Hawkins
Chief Financial Officer
IR@arteris.com

Sapphire Investor Relations
Erica Mannion and Michael Funari
+1 617 542 6180
IR@arteris.com

Forward-Looking Statements

This press release contains forward-looking statements, including but not limited to, statements regarding our future financial and operating performance, including our GAAP and non-GAAP guidance for the first quarter and full year 2022 and our market opportunity and its potential growth, as well as our position within the market. Any forward-looking statements contained herein are based on our historical performance and our current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looks statements represent our expectations as of the date of this press release. Subsequent events may cause these expectations to change, and we disclaim any obligation to update the forward-looking statements in the future, except as required by law. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from our current expectations. Important factors that could cause actual results to differ materially from those anticipated in our forward-looking statements include, but are not limited to, the significant competition we face from larger companies and third-party providers; our history of net losses; whether semiconductor companies in the automotive market, AI/ML market, 5G and wireless communications market, large scale cloud and data center market and consumer electronics market incorporate our solutions into their end products; our ability to attract new customers and the extent to which our customers renew their subscriptions for our solutions; the ability of our customers’ end products achieving market acceptance or growth; our ability to sustain or grow our licensing revenue; our ability, and the cost, to successfully execute on research and development efforts; the occurrence of product errors or defects in our solutions; if we fail to offer high-quality support; the occurrence of macro-economic conditions that adversely impact us, our customers and their end product markets; the range of regulatory, operational, financial and political risks we are exposed to as a result of our dependence on international customers and operations; our ability to protect our proprietary technology and inventions through patents and other IP rights; whether we are subject to any liabilities or fines as a result of government regulation, including import, export and economic sanctions laws and regulations; the occurrence of a disruption in our networks or a security breach; risks associated with doing business in China; and the other factors described under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021 to be filed with the Securities and Exchange Commission (SEC) on or about the date hereof and our subsequent filings with the SEC. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect future events or circumstances. Our results for the quarter ended December 31, 2021 are not necessarily indicative of our operating results for any future periods.


Arteris, Inc
Condensed Consolidated Statements of Loss and Comprehensive Loss
(in thousands, except share and per share data)
(Unaudited)

  Three Months Ended December 31,  Twelve Months Ended December 31,
   2021    2020    2021    2020 
Revenue       
Licensing, support and maintenance$10,378  $13,403  $34,731  $27,408 
Variable royalties and other 1,056      1,043       3,133       4,404  
Total revenue   11,434       14,446       37,864       31,812  
Cost of revenue   1,113       373       3,731       1,491  
Gross profit   10,321       14,073       34,133       30,321  
Operating expense:              
Research and development   10,240       5,178       30,812       17,020  
Sales and marketing   3,755       3,404       11,726       9,749  
General and administrative   3,606       2,336       13,360       7,329  
Total operating expenses   17,601       10,918       55,898       34,098  
(Loss) income from operations   (7,280 )     3,155       (21,765 )     (3,777 )
Gain on extinguishment of debt         1,593       10       1,593  
Interest and other expense, net   (82 )     61       (589 )     (50 )
(Loss) income before provision for income taxes   (7,362 )     4,809       (22,344 )     (2,234 )
Provision (benefit) for income taxes   428       (2,767 )     1,040       1,026  
Net (loss) income   (7,790 )     7,576       (23,384 )     (3,260 )
Less: Net income attributable to participating securities         (1,520 )            
Net (loss) income attributable to common stockholders $ (7,790 )   $ 6,056     $ (23,384 )   $ (3,260 )
               
Net (loss) income per share attributable to common stockholders:              
Basic $ (0.27 )   $ 0.34     $ (1.06 )   $ (0.19 )
Diluted $ (0.27 )   $ 0.29     $ (1.06 )   $ (0.19 )
               
Weighted average shares used on computing per share amounts:              
Basic   28,501,707       17,823,657       21,972,101       17,577,846  
Diluted   28,501,707       20,546,017       21,972,101       17,577,846  



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »
Featured Video
Jobs
Sr. Silicon Design Engineer for AMD at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Upcoming Events
SEMICON Japan 2024 at Tokyo Big Sight Tokyo Japan - Dec 11 - 13, 2024
PDF Solutions AI Executive Conference at St. Regis Hotel San Francisco - Dec 12, 2024
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise