Yahoo Finance Arteris First Quarter 2024 Earnings: Beats Expectations
Arteris (NASDAQ:AIP) First Quarter 2024 Results
Key Financial Results
Revenue: US$12.9m (down 1.6% from 1Q 2023).
Net loss: US$9.40m (loss widened by 4.4% from 1Q 2023).
US$0.25 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arteris Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are up 23% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Arteris that you should be aware of.
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