Arteris, Inc.
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
(Unaudited)
| As of | |||||||
|
September 30,
2023 |
December 31,
2022 | ||||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 18,627 | $ | 37,423 | |||
| Short-term investments | 27,734 | 30,728 | |||||
| Accounts receivable, net | 10,370 | 7,143 | |||||
| Prepaid expenses and other current assets | 5,249 | 5,818 | |||||
| Total current assets | 61,980 | 81,112 | |||||
| Property and equipment, net | 5,430 | 3,617 | |||||
| Long-term investments | 10,287 | 4,427 | |||||
| Equity method investment | 9,410 | 11,897 | |||||
| Operating lease right-of-use assets | 1,598 | 1,883 | |||||
| Intangibles, net | 4,050 | 4,575 | |||||
| Goodwill | 4,178 | 4,218 | |||||
| Other assets | 5,238 | 3,787 | |||||
| TOTAL ASSETS | $ | 102,171 | $ | 115,516 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 445 | $ | 572 | |||
| Accrued expenses and other current liabilities | 11,983 | 12,095 | |||||
| Operating lease liabilities, current | 571 | 899 | |||||
| Deferred revenue, current | 29,898 | 28,839 | |||||
| Vendor financing arrangements, current | 1,623 | 1,264 | |||||
| Total current liabilities | 44,520 | 43,669 | |||||
| Deferred revenue, noncurrent | 22,647 | 21,840 | |||||
| Operating lease liabilities, noncurrent | 1,038 | 1,009 | |||||
| Vendor financing arrangements, noncurrent | 1,378 | 448 | |||||
| Deferred income, noncurrent | 9,108 | 9,993 | |||||
| Other liabilities | 1,451 | 1,022 | |||||
| Total liabilities | 80,142 | 77,981 | |||||
| Stockholders' equity: | |||||||
| Preferred stock, par value of $0.001 - 10,000,000 shares authorized and no shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively | — | — | |||||
| Common stock, par value of $0.001 - 300,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 36,826,655 and 34,625,875 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively | 37 | 34 | |||||
| Additional paid-in capital | 114,652 | 103,778 | |||||
| Accumulated other comprehensive income | 46 | 101 | |||||
| Accumulated deficit | (92,706 | ) | (66,378 | ) | |||
| Total stockholders' equity | 22,029 | 37,535 | |||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 102,171 | $ | 115,516 | |||
