Arteris Announces Financial Results for the First Quarter 2022 and Estimated Second Quarter and Full Year 2022 Guidance

Non-GAAP Loss from Operations

  Three Months Ended 
March 31,
  2022
  2021
 (in thousands)
Loss from operations$(6,616) $(6,447)
Add:   
Stock-based compensation expense (1) 2,309   333 
Acquisition costs (2)    183 
Amortization of acquired intangible assets (3,4) 119   119 
Non-GAAP loss from operations$(4,188) $(5,812)

(1) See table in footnote (1) to the condensed consolidated statements of loss and comprehensive loss above for breakdown of stock-based compensation expense by line item.

(2) Includes advisory, legal, accounting, valuation, and other professional or consulting fees associated with the Magillem acquisition.

(3) Represents the amortization expenses of our intangible assets attributable to the Magillem acquisition.

(4) Includes amortization of acquired intangible assets as follows:

  Three Months Ended
  March 31,
  2022  2021
 (in thousands)
Research and development$85 $85
Sales and marketing 34  34
Total amortization$119 $ 119

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