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

December 31,

December 31,

2023

2022 (*)

Unaudited

Unaudited

ASSETS

Current assets:

Cash and cash equivalents

$  23,287

$  20,116

Marketable securities and short-term bank deposits

143,251

118,194

Trade receivables, net

8,433

11,136

Unbilled receivables

21,874

18,694

Prepaid expenses and other current assets

8,461

6,789

Current assets of discontinued operation

-

2,696

               Total current assets

205,306

177,625

Long-term assets:

Bank deposits

-

8,205

Severance pay fund

7,070

8,475

Deferred tax assets, net

5,674

8,484

Property and equipment, net

6,732

6,624

Operating lease right-of-use assets

6,978

8,485

Investment in marketable equity securities

406

408

Goodwill

58,308

56,794

Intangible assets, net

2,967

2,392

Other long-term assets

10,644

6,291

Long-term assets of discontinued operation

-

24,659

               Total assets

$  304,085

$  308,442

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Trade payables

$  1,154

$  1,859

Deferred revenues

3,018

3,098

Accrued expenses and other payables

20,937

24,049

Operating lease liabilities

2,513

2,680

Current liabilities of discontinued operation

-

1,592

Total current liabilities

27,622

33,278

Long-term liabilities:

Accrued severance pay

7,524

9,064

Operating lease liabilities

3,943

5,207

Other accrued liabilities

655

526

Long-term liabilities of discontinued operation

-

1,496

Total liabilities

39,744

49,571

Stockholders' equity:

Common stock

23

23

Additional paid in-capital

252,100

242,841

Treasury stock

(5,620)

(9,904)

Accumulated other comprehensive loss

(2,329)

(6,249)

Retained earnings

20,167

32,160

Total stockholders' equity

264,341

258,871

Total liabilities and stockholders' equity

$  304,085

$  308,442

(*) Derived from audited financial statements.