Arteris Q1 Adjusted Loss Narrows, Revenue Rises; Shares Gain After Hours; CFO to Retire

MT Newswires Live

May 13

Arteris (AIP) reported a Q1 adjusted loss late Tuesday of $0.03 per diluted share, narrowing from the loss of $0.09 a year earlier.

Four analysts polled by FactSet expected a loss of $0.07.

Revenue in the three months ended March 31 rose to $22.9 million from $16.5 million a year earlier.

Four analysts surveyed by FactSet expected $21 million.

The company expects revenue of $23 million to $24 million in Q2 and $91 million to $95 million in the full year. Four analysts expect $22 million in Q2 and $91 million in the full year.

Arteris shares rose 7.9% in after-hours trading.

The company also said Chief Financial Officer Nicholas Hawkins plans to retire effective Aug. 31, and the board has started a search for a new CFO.

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Four analysts expect $22 million in Q2 and $91 million in the full year.</p><p>Arteris shares rose 7.9% in after-hours trading.</p><p>The company also said Chief Financial Officer Nicholas Hawkins plans to retire effective Aug. 31, and the board has started a search for a new CFO.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AIP","symbol_name":"Arteris, Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2635228315","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635228315","pubTimestamp":1778618049,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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