Arteris Announces Financial Results for the Third Quarter 2024 and Fourth Quarter and Full Year 2024 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,
    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)

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