Arteris Announces Financial Results for the Third Quarter 2023 and Fourth Quarter and Full Year 2023 Guidance

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  



« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise