Press Release: Arteris Announces Financial Results for the Third Quarter 2024 and Fourth Quarter and Full Year 2024 Guidance

Dow Jones
2024-11-06
 diluted          $     (0.08)     $     (0.12)     $     (0.34)     $     (0.42) 
 
Weighted average 
 shares used in 
 computing per 
 share amounts, 
 basic and 
 diluted           39,295,743       36,010,106       38,496,838       35,291,207 
 
 

(1) Represents the amortization expenses of our intangible assets attributable to our acquisitions.

(2) 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.

(3) 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

 
                                                  Nine Months Ended 
                                                    September 30, 
                                               ----------------------- 
                                                   2024      2023 
                                                            ------- 
Net cash provided by (used in) operating 
 activities                                     $  1,911   $(12,750) 
Less: 
Purchase of property and equipment                  (274)    (1,075) 
                                                   -----    ------- 
Free cash flow                                  $  1,637   $(13,825) 
                                                   =====    ======= 
Net cash provided by (used in) investing 
 activities                                     $  2,898   $ (3,323) 
Net cash used in financing activities           $   (676)  $ (2,335) 
 

(END) Dow Jones Newswires

November 05, 2024 16:05 ET (21:05 GMT)

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