Arteris Announces Financial Results for the First Quarter 2024 and Second Quarter and Full Year 2024 Guidance

(1) Represents the amortization expenses of our intangible assets attributable to our acquisitions.
(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

  Three Months Ended
March 31,
   2024    2023 
Net cash provided by (used in) operating activities$477  $(8,389)
Less:   
Purchase of property and equipment (196)  (120)
Free cash flow$281  $(8,509)
Net cash provided by investing activities$11,902  $421 
Net cash provided by (used in) financing activities$44  $(950)
        

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