Despite a slight revenue dip, Arteris Inc (AIP) showcases robust licensing activities and strategic advancements in its Q1 2024 earnings.
Insights into Arteris Inc's Financial Performance and Future Outlook
CAMPBELL, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP which accelerates system-on-chip (SoC) creation, today announced financial results for the first quarter ended March 31, 2024 and provided second quarter and full year 2024 guidance. “We’re encouraged by our solid start to 2024, with positive free cash flow in the first quarter, and Annual Contract Value and Trailing-Twelve-Month Variable Royalties of $58.2 million, driven by robust li