CEVA, INC. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(U.S. Dollars in thousands)

September 30,

December 31,

2023

2022 (*)

Unaudited

Unaudited

ASSETS

Current assets:

Cash and cash equivalents

$  17,082

$  20,116

Marketable securities and short-term bank deposits

114,630

118,194

Trade receivables, net

7,997

11,136

Unbilled receivables

23,066

18,694

Prepaid expenses and other current assets

6,828

6,789

Current assets held for sale

1,659

2,696

                         Total current assets

171,262

177,625

Long-term assets:

Bank deposits

-

8,205

Severance pay fund

6,411

8,475

Deferred tax assets, net

9,989

8,484

Property and equipment, net

6,733

6,624

Operating lease right-of-use assets

7,973

8,485

Investment in marketable equity securities

332

408

Goodwill

58,308

56,794

Intangible assets, net

3,245

2,392

Other long-term assets

7,993

6,291

Long-term assets held for sale

23,741

24,659

                         Total assets

$  295,987

$  308,442

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Trade payables

$  1,221

$  1,859

Deferred revenues

3,994

3,098

Accrued expenses and other payables

17,247

24,049

Operating lease liabilities

2,569

2,680

Current liabilities held for sale

655

1,592

Total current liabilities

25,686

33,278

Long-term liabilities:

Accrued severance pay

7,131

9,064

Operating lease liabilities

4,590

5,207

Other accrued liabilities

575

526

Long-term liabilities held for sale

1,305

1,496

Total liabilities

39,287

49,571

Stockholders' equity:

Common stock

24

23

Additional paid in-capital

248,743

242,841

Treasury stock

(2,996)

(9,904)

Accumulated other comprehensive loss

(5,469)

(6,249)

Retained earnings

16,398

32,160

Total stockholders' equity

256,700

258,871

Total liabilities and stockholders' equity

$  295,987

$  308,442

(*) Derived from audited financial statements.