(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.
