AIPArteris, Inc.
Semiconductors & Related Devices
- Revenue
- $71M
- 22% YoY
- Operating margin
- -47.0%
- 14% YoY
- EBITDA
- −$30M
- 5.4% YoY
- Market cap
- $922M
- Employees
- 170
- $415K revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 8.2
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 2 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCYes26% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo16% of assetsOver 40% of assets
- Shareholder dissentYes75% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$415K · 52nd pctBottom quartile of its SIC industry
- Quiet on AINo8.2 per 10K words · 90th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$922M market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$120M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $38M | $50M | $54M | $58M | $71M | 22% |
| Operating income | −$22M | −$29M | −$35M | −$32M | −$33M | 4.9% |
| Net income | −$23M | −$27M | −$37M | −$34M | −$35M | 3.3% |
| Operating cash flow | −$814K | −$7M | −$16M | −$720K | $7M | 1035% |
| Capex | $808K | $1M | $2M | $324K | $1M | 328% |
| Stock-based comp | $6M | $12M | $15M | $16M | $18M | 15% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $120M · 223
- Net
- −$120M
Pay vs performance
No pay-versus-performance disclosure yet.