Arteris Announces Financial Results for the Third Quarter 2023 and Fourth Quarter and Full Year 2023 Guidance

(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,
   2023    2022 
 (in thousands)
Net cash used in operating activities$(12,750) $(6,376)
Less:   
Purchases of property and equipment (1,075)  (655)
Free cash flow$(13,825) $(7,031)
Net cash used in investing activities$(3,323) $(7,333)
Net cash used in financing activities$(2,335) $(3,916)

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