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

  Three Months Ended
  March 31,
  2022  2021
 (in thousands)
Cost of revenue$96 $13
Research and development 1,144  199
Sales and marketing 271  24
General and administrative 798  97
Total stock-based compensation expense$2,309 $333

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

  As of
  March 31,
2022
  December 31,
2021
ASSETS   
Currents assets:   
Cash$82,236  $85,825 
Accounts receivable, net 8,199   13,873 
Prepaid expenses and other current assets 8,456   6,949 
Total current assets 98,891   106,647 
Property and equipment, net   2,281       2,438  
Operating lease right-of-used assets   2,595       2,765  
Intangibles, net   2,840       2,959  
Goodwill   2,677       2,677  
Other assets   3,088       2,957  
TOTAL ASSETS $ 112,372     $ 120,443  
LIABILITIES AND STOCKHOLDERS' EQUITY      
Current liabilities:      
Account payable $ 1,032     $ 1,722  
Accrued expenses and other current liabilities   9,456       10,573  
Operating lease liabilities, current   1,007       961  
Deferred revenue, current   28,115       28,403  
Vendor financing arrangements, current   802       833  
Total current liabilities   40,412       42,492  
Deferred revenue, noncurrent   21,361       20,773  
Operating lease liabilities, noncurrent   1,660       1,851  
Vendor financing arrangements, noncurrent   124       266  
Other liabilities   1,156       2,157  
Total liabilities   64,713       67,539  
Stockholders' equity:      
Preferred stock, par value of $0.001 - 10,000,000 shares authorized and no shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively.          
Common stock, par value of $0.001 - 300,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 31,858,420 and 31,530,682 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively   31       31  
Additional paid-in-capital   93,520       91,945  
Accumulated other comprehensive loss   (81 )     (81 )
Accumulated deficit   (45,811 )     (38,991 )
Total stockholders' equity   47,659       52,904  
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 112,372     $ 120,443  

Arteris, Inc.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »
Featured Video
Jobs
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Upcoming Events
SEMICON Japan 2024 at Tokyo Big Sight Tokyo Japan - Dec 11 - 13, 2024
PDF Solutions AI Executive Conference at St. Regis Hotel San Francisco - Dec 12, 2024
DVCon U.S. 2025 at United States - Feb 24 - 27, 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 TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise