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

(2) Includes advisory, legal, accounting, valuation, and other professional or consulting fees associated with the Magillem and Semifore acquisitions and recorded in general and administrative.
(3) Presented within interest and other expense, net on the consolidated statements of loss.
(4) Our GAAP tax provision is primarily related to foreign withholding taxes and income tax in profitable foreign jurisdictions. We maintain a full valuation allowance against our deferred tax assets in the US. Accordingly, there is no significant tax impact associated with these Non-GAAP adjustments.
(5) Reflects the aggregate adjustments made to reconcile Non-GAAP Net Loss to our net loss as noted in the above table, divided by the GAAP diluted weighted average number of shares of the relevant period.

Free Cash Flow

   Twelve Months Ended December 31,
    2022    2021 
Net cash used in operating activities $(6,767) $(814)
Less:    
Purchase of property and equipment  (1,051)  (808)
Free cash flow $(7,818) $(1,622)
Net cash used in investing activities $(37,481) $(1,359)
Net cash (used in) provided by financing activities $(4,154) $76,254 

 


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