Arteris, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 05:16 pm
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Arteris, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 13.27 million compared to USD 12.6 million a year ago. Net loss was USD 8.15 million compared to USD 7.68 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.23 a year ago.
For the nine months, revenue was USD 41.16 million compared to USD 39.18 million a year ago. Net loss was USD 26.33 million compared to USD 20.17 million a year ago. Basic loss per share from continuing operations was USD 0.75 compared to USD 0.63 a year ago.
Arteris, Inc. is a provider of semiconductor system IP, including interconnect and other intellectual property, (collectively, System IP) technology. Its System IP technology manages the on-chip communications and IP block deployments in system-on-chip (SoC) semiconductors and systems of chiplets. The Company provides semiconductor interconnect IP and SoC Integration Automation software (SIA) solutions to serve its target end-markets, including automotive, enterprise computing, consumer electronics, communications across wired and wireless, and industrial segments. Its semiconductor IP product portfolio includes Non-coherent NoC IP, with FlexNoC and FlexWay, Cache-coherent NoC IP, with Ncore and Last-level cache, with CodaCache. Its SIA technology suite of Magillem and CSRCompiler products cover the key capabilities for SoC integration automation and overall SoC development acceleration. The Magillem connectivity product shortens and streamlines the SoC integration process.