URL has been copied successfully!
Arteris Inc (NASDAQ:AIP) shares are rising in extended trading on Tuesday after the company reported better-than-expected results for the first quarter. Here’s what you need to know from the report.
- Arteris stock is challenging resistance. Why is AIP stock breaking out?
Arteris Q1 Highlights
Arteris posted first-quarter revenue of $22.94 million, beating analyst estimates of $21.03 million, according to Benzinga Pro. The company reported an adjusted loss of three cents per share, beating estimates for a loss of seven cents per share.
Total revenue was up 39% on a year-over-year basis. Annual contract value and royalties increased 39% year-over-year to $92.80 million. Remaining performance obligations totaled $118.30 million at quarter’s end, up 33% …
Please follow us:
