Arteris, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 05:18 pm EDT
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Arteris, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 14.73 million compared to USD 14.82 million a year ago. Net loss was USD 9.17 million compared to USD 5.67 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to USD 0.18 a year ago.
For the six months, revenue was USD 27.89 million compared to USD 26.58 million a year ago. Net loss was USD 18.18 million compared to USD 12.49 million a year ago. Basic loss per share from continuing operations was USD 0.52 compared to USD 0.39 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.
ARTERIS, INC. 
