CEVA, INC. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. Dollars in thousands)

June 30,

December 31,

2018

2017 (*)

Unaudited

Unaudited

ASSETS

Current assets:

Cash and cash equivalents

$           10,700

$        21,739

Marketable securities and short term bank deposits

114,995

117,096

Trade receivables

9,246

14,480

Accrued revenues

8,753

2,014

Prepaid expenses and other current assets

6,244

3,747

Total current assets

149,938

159,076

Long-term assets:

Bank deposits

47,134

44,518

Severance pay fund

9,022

8,910

Deferred tax assets

4,454

3,643

Property and equipment, net

8,100

6,926

Goodwill

46,612

46,612

Intangible assets, net

3,307

1,742

Other long term assets

6,250

5,385

Total assets

$        274,817

$        276,812

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Trade payables

$           1,034

$           392

Deferred revenues

2,717

4,399

Accrued expenses and other payables

17,099

18,004

Total current liabilities

20,850

22,795

Long-term liabilities:

Accrued severance pay

9,601

9,347

Total liabilities

30,451

32,142

Stockholders' equity:

Common stock:

22

22

Additional paid in-capital

219,333

217,417

Treasury stock

(31,640)

(26,056)

Accumulated other comprehensive loss

(1,417)

(586)

Retained earnings

58,068

53,873

Total stockholders' equity

244,366

244,670

Total liabilities and stockholders' equity

$   274,817

$   276,812