Company: AIP
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001667011-25-000022
Chunk: 271

Company: Arteris, Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 8
Chunk 271
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 including the timing of our receipts and payments. Our ongoing cash outflows from operating activities primarily relate to payroll-related costs, payments for professional services and obligations under our property leases. Our primary source of cash inflows is receipts from our customers. The timing of receipts of accounts receivable from customers is based upon the completion of agreed milestones or agreed dates as set forth in the contracts.

For the three months ended March 31, 2025, net cash provided by operating activities was $2.9 million, primarily due to our net loss of $8.1 million, adjusted for non-cash charges of $5.7 million and $5.2 million of changes in operating assets and liabilities. Non-cash charges primarily consisted of stock-based compensation of $4.3 million, depreciation and amortization of $0.8 million and loss from our equity method investment of $0.8 million, partially offset by amortization of deferred income of $0.3 million and net accretion of discounts on available-for-sale securities of $0.1 million. The drivers of the changes in operating assets and liabilities were a  $10.3 million decrease in accounts receivable, partially offset by a $2.0 million decrease in accrued expenses and other liabilities, a $1.9 million decrease in deferred revenue, a $0.9 million increase in prepaid expense and other assets and a $0.3 million decrease in accounts payable.

For the three months ended March 31, 2024, net cash provided by operating activities was $0.5 million, primarily due to our net loss of $9.4 million, adjusted for non-cash charges of $4.8 million and $5.1 million of changes in operating assets and liabilities. Non-cash charges primarily consisted of stock-based compensation of $3.7 million, loss from our equity method investment of $0.8 million and depreciation and amortization of $0.8 million, partially offset by amortization of deferred income of $0.3 million and net accretion of discounts on available-for-sale securities of $0.2 million. The drivers of the changes in operating assets and liabilities were a $0.3 million increase in accounts receivable, partially offset by a $3.4 million increase in deferred revenue, a $0.9 million increase in accrued expenses and other liabilities, a $0.5 million increase in accounts payable and a $0.5 million decrease in prepaid expense and other current assets.

Investing Activities