Arteris Announces Financial Results for the Fourth Quarter and

Arteris Announces Financial Results for the Fourth Quarter and Full Year 2022 and Estimated First Quarter and Full Year 2023 Guidance

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Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)

	As of December 31,
		2022			2021
ASSETS
Current assets:
Cash and cash equivalents	$	37,423		$	85,825
Short-term investments		30,728			—
Accounts receivable, net		7,143			13,873
Prepaid expenses and other current assets		5,818			6,949
Total current assets		81,112			106,647
Property and equipment, net		3,617			2,438
Long-term investments		4,427			—
Equity method investment		11,897			—
Operating lease right-of-use assets		1,883			2,765
Intangibles, net		4,575			2,959
Goodwill		4,218			2,677
Other assets		3,787			2,957
TOTAL ASSETS		115,516		$	120,443
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable		572		$	1,722
Accrued expenses and other current liabilities		12,095			10,573
Operating lease liabilities, current		899			961
Deferred revenue, current		28,839			28,403
Vendor financing arrangements, current		1,264			833
Total current liabilities		43,669			42,492
Deferred revenue, noncurrent		21,840			20,773
Operating lease liabilities, noncurrent		1,009			1,851
Vendor financing arrangements, noncurrent		448			266
Deferred income, noncurrent		9,993			—
Other liabilities		1,022			2,157
Total liabilities		77,981			67,539
Commitments and contingencies
Stockholders’ equity:
Preferred stock, par value of $0.001—10,000,000 shares authorized and no shares issued and outstanding as of December 31, 2022 and 2021		—			—
Common stock, par value of $0.001—300,000,000 shares authorized at December 31, 2022 and 2021; 34,625,875 and 31,530,682 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively		34			31
Additional paid-in capital		103,778			91,945
Accumulated other comprehensive gain (loss)		101			(81	)
Accumulated deficit		(66,378	)		(38,991	)
Total stockholders’ equity		37,535		$	52,904
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		115,516		$	120,443

Arteris, Inc.

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