Yahoo Finance Arteris Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line
Arteris (NASDAQ:AIP) Full Year 2023 Results
Key Financial Results
Revenue: US$53.7m (up 6.5% from FY 2022).
Net loss: US$36.9m (loss widened by 35% from FY 2022).
US$1.03 loss per share (further deteriorated from US$0.84 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arteris Revenues Beat Expectations
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 9.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Arteris that you need to take into consideration.
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