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

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

  As of
  March 31,
2023
  December 31,
2022
ASSETS   
Current assets:   
Cash and cash equivalents$28,505  $37,423 
Short-term investments 32,426   30,728 
Accounts receivable, net of allowance of $310 and $250 9,750   7,143 
Prepaid expenses and other current assets 5,096   5,818 
Total current assets 75,777   81,112 
Property and equipment, net 3,313   3,617 
Long-term investments 2,458   4,427 
Equity method investment 11,063   11,897 
Operating lease right-of-use assets 1,932     1,883  
Intangibles, net   4,383       4,575  
Goodwill   4,218       4,218  
Other assets   4,149       3,787  
TOTAL ASSETS $ 107,293     $ 115,516  
LIABILITIES AND STOCKHOLDERS’ EQUITY      
Current liabilities:      
Accounts payable $ 1,215     $ 572  
Accrued expenses and other current liabilities   9,992       12,095  
Operating lease liabilities, current   780       899  
Deferred revenue, current   27,794       28,839  
Vendor financing arrangements, current   1,161       1,264  
Total current liabilities   40,942       43,669  
Deferred revenue, noncurrent   22,270       21,840  
Operating lease liabilities, noncurrent   1,205       1,009  
Vendor financing arrangements, noncurrent   256       448  
Deferred income, noncurrent   9,699       9,993  
Other liabilities   1,153       1,022  
Total liabilities   75,525       77,981  
Stockholders' equity:      
Preferred stock, par value of $0.001 - 10,000,000 shares authorized and no shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively          
Common stock, par value of $0.001 - 300,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 35,298,223 and 34,625,875 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively   35       34  
Additional paid-in capital   107,009       103,778  
Accumulated other comprehensive income   112       101  
Accumulated deficit   (75,388 )     (66,378 )
Total stockholders' equity   31,768       37,535  
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 107,293     $ 115,516  



« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »
Featured Video
Latest Blog Posts
Sanjay GangalGISCafe Guest
by Sanjay Gangal
GISCafe Industry Predictions for 2025 – NV5
Jobs
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Upcoming Events
Consumer Electronics Show 2025 - CES 2025 at Las Vegas Convention Center Las Vegas NV - Jan 7 - 10, 2025
GeoBuiz Summit 2025 at Hyatt Regency Aurora-Denver Conference Center. Denver CO - Jan 13 - 15, 2025
Coastal GeoTools 2025 Conference at 301 North Water Street - Jan 27 - 30, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise