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SILVACO GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in thousands except share and par value amounts) | |||||||||
| March 31, | December 31, | ||||||||
| 2024 | 2023 | ||||||||
| ASSETS | |||||||||
| Current assets: | |||||||||
| Cash | $ | 5,739 | $ | 4,421 | |||||
| Accounts receivable, net | 5,562 | 4,006 | |||||||
| Contract assets, net | 9,240 | 8,749 | |||||||
| Prepaid expenses and other current assets | 1,748 | 2,549 | |||||||
| Deferred transaction costs | 1,943 | 1,163 | |||||||
| Total current assets | 24,232 | 20,888 | |||||||
| Long-term assets: | |||||||||
| Property and equipment, net | 656 | 591 | |||||||
| Operating lease right-of-use assets, net | 2,157 | 1,963 | |||||||
| Intangible assets, net | 273 | 342 | |||||||
| Goodwill | 9,026 | 9,026 | |||||||
| Long-term portion of contract assets, net | 8,961 | 6,250 | |||||||
| Other assets | 2,057 | 1,825 | |||||||
| Total long-term assets | 23,130 | 19,997 | |||||||
| Total assets | $ | 47,362 | $ | 40,885 | |||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||
| Current liabilities: | |||||||||
| Accounts payable | $ | 3,332 | $ | 2,495 | |||||
| Accrued expenses and other current liabilities | 9,945 | 10,255 | |||||||
| Accrued income taxes | 2,185 | 1,626 | |||||||
| Operating lease liabilities, current | 817 | 735 | |||||||
| Deferred revenue, current | 7,935 | 7,882 | |||||||
| Related party line of credit | 2,016 | 2,000 | |||||||
| Total current liabilities | 26,230 | 24,993 | |||||||
| Long-term liabilities: | |||||||||
| Deferred revenue, non-current | 4,737 | 5,071 | |||||||
| Operating lease liabilities, non-current | 1,320 | 1,198 | |||||||
| Long-term loan facility | 4,283 | — | |||||||
| Other long-term liabilities | 197 | 221 | |||||||
| Total liabilities | 36,767 | 31,483 | |||||||
| Commitments and contingencies | |||||||||
| Stockholders' equity: | |||||||||
| Common stock, $0.0001 par value; 25,000,000 shares authorized; 20,000,000 shares issued and outstanding | 2 | 2 | |||||||
| Retained earnings | 12,770 | 11,392 | |||||||
| Accumulated other comprehensive loss | (2,177 | ) | (1,992 | ) | |||||
| Total stockholders' equity | 10,595 | 9,402 | |||||||
| Total liabilities and stockholders' equity | $ | 47,362 | $ | 40,885 | |||||
