Company: AIP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001667011-25-000029
Chunk: 362

Company: Arteris, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 362
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 investments, gains and losses from foreign currency exchange, gain on deconsolidation of subsidiary, realized gains and losses from available-for-sale investments as well as deferred income.

Loss from equity method investment: Loss from equity method investment consists of our proportionate share of net losses from our equity method investee. 

Provision for income taxes: Our income tax provision consists primarily of income taxes in certain foreign jurisdictions in which we conduct business and includes foreign non-recoverable withholding taxes. We have a full valuation allowance against our U.S. federal and state deferred tax assets as the realization of the full amount of these deferred tax assets is uncertain, including net operating loss carryforwards and tax credits related primarily to research and development. We expect to maintain this full valuation allowance until it becomes more likely than not that the deferred tax assets will be realized.

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Results of Operations

The following table summarizes our GAAP results of operations for the periods presented. The results below are not necessarily indicative of results to be expected for future periods. 

Three Months EndedSix Months EndedJune 30,June 30,2025202420252024(in thousands)Total revenue$16,502 $14,575 $33,034 $27,522 Cost of revenue (1)1,742 1,458 3,268 2,926 Gross profit14,760 13,117 29,766 24,596 Operating expenses:Research and development (1)12,171 10,717 24,033 21,552 Sales and marketing (1)6,335 5,013 12,864 10,469 General and administrative (1)4,502 4,828 8,825 9,150 Total operating expenses23,008 20,558 45,722 41,171 Loss from operations(8,248)(7,441)(15,956)(16,575)Interest expense(42)(68)(90)(144)Other income (expense), net786 865 1,504 1,801 Loss before income taxes and loss from equity method investment(7,504)(6,644)(14,542)(14,918)Loss from equity method investment, net of tax780 725 1,595 1,484 Provision for income taxes846 975 1,114 1,345 Net loss$(9,130)$(8,344)$(17