Company: AIP
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001667011-25-000010
Chunk: 119

Company: Arteris, Inc.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 119
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, including stock-based compensation expense .

Sales and marketing expenses

S&M expenses increased $0.1 million, or 1%, to $20.8 million for the year ended December 31, 2024, from $20.7 million for the year ended December 31, 2023. The increase in S&M expenses was primarily due to higher company-wide event costs of $0.1 million related to an in-person sales event.

General and administrative expenses

G&A expenses decreased $0.4 million, or 2%, to $17.6 million for the year ended December 31, 2024, from $17.9 million for the year ended December 31, 2023. The decrease in G&A expenses was primarily due to lower professional fees of $1.1 million, predominantly related to our intellectual property litigation, and lower directors and officers liability insurance expenses of $0.4 million, partially offset by higher employee-related costs of $1.0 million including stock-based compensation expense of $0.6 million.

Interest expense

Year Ended December 31,Change20242023$%(in thousands)Interest expense$(244)$(211)$(33)16 %

Interest expense for the year ended December 31, 2024, remained relatively flat compared to the year ended December 31, 2023.

Other income (expense), net

Year Ended December 31,Change20242023$%(in thousands)Other income (expense), net$3,400 $3,558 $(158)(4)%

Other income (expense), net for the year ended December 31, 2024, remained relatively flat compared to the year ended December 31, 2023.

66

Loss from equity method investment

Year Ended December 31,Change20242023$%(in thousands)Loss from equity method investment$2,698 $3,397 $(699)(21)%

Loss from equity method investment was $2.7 million for the year ended December 31, 2024, compared to $3.4 million for the year ended December 31, 2023, representing our proportionate share of Transchip’s net loss during the trailing twelve months ended September 30, 2024. Such losses are expected to continue in the near future.

Provision for income taxes

Year Ended December 31,Change20242023$%(in thousands)Provision for income taxes$2,500 $1,677