Ceva, Inc. AND ITS SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS | |||
(U.S. Dollars in thousands) | |||
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| September 30, | December 31, |
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| 2024 | 2023 (*) |
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| Unaudited | Unaudited |
ASSETS |
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Current assets: |
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Cash and cash equivalents |
| $ 13,228 | $ 23,287 |
Marketable securities and short-term bank deposits |
| 144,884 | 143,251 |
Trade receivables, net |
| 15,250 | 8,433 |
Unbilled receivables |
| 23,380 | 21,874 |
Prepaid expenses and other current assets |
| 13,970 | 12,526 |
Total current assets |
| 210,712 | 209,371 |
Long-term assets: |
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Severance pay fund |
| 6,851 | 7,070 |
Deferred tax assets, net |
| 1,685 | 1,609 |
Property and equipment, net |
| 6,875 | 6,732 |
Operating lease right-of-use assets |
| 5,625 | 6,978 |
Investment in marketable equity securities |
| 309 | 406 |
Goodwill |
| 58,308 | 58,308 |
Intangible assets, net |
| 2,132 | 2,967 |
Other long-term assets |
| 12,394 | 10,644 |
Total assets |
| $ 304,891 | $ 304,085 |
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LIABILITIES AND STOCKHOLDERS' EQUITY |
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Current liabilities: |
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Trade payables |
| $ 1,960 | $ 1,154 |
Deferred revenues |
| 3,418 | 3,018 |
Accrued expenses and other payables |
| 19,770 | 20,202 |
Operating lease liabilities |
| 2,571 | 2,513 |
| Total current liabilities |
| 27,719 | 26,887 |
| Long-term liabilities: |
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| Accrued severance pay |
| 7,304 | 7,524 |
| Operating lease liabilities |
| 2,627 | 3,943 |
| Other accrued liabilities |
| 1,471 | 1,390 |
| Total liabilities |
| 39,121 | 39,744 |
| Stockholders' equity: |
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| Common stock |
| 24 | 23 |
| Additional paid in-capital |
| 256,685 | 252,100 |
| Treasury stock |
| (2,943) | (5,620) |
| Accumulated other comprehensive loss |
| (956) | (2,329) |
| Retained earnings |
| 12,960 | 20,167 |
| Total stockholders' equity |
| 265,770 | 264,341 |
| Total liabilities and stockholders' equity |
| $ 304,891 | $ 304,085 |
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| (*) Derived from audited financial statements. |
