Arteris Announces Financial Results for the Fourth Quarter and Full Year 2023 and Estimated First Quarter and Full Year 2024 Guidance

(2) Includes advisory, legal, accounting, valuation, and other professional or consulting fees associated with the Magillem and Semifore acquisitions and recorded in general and administrative.
(3) 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.
(4) 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

   Twelve Months Ended December 31,
    2023    2022 
Net cash used in operating activities $(15,729) $(6,767)
Less:    
Purchase of property and equipment  (1,503)  (1,051)
Free cash flow $(17,232) $(7,818)
Net cash used in investing activities $(4,691) $(37,481)
Net cash used in financing activities $(2,919) $(4,154)

 


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