Ceva, Inc. Announces Third Quarter 2024 Financial Results

 

Ceva, Inc. AND ITS SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. Dollars in thousands)







September 30,

December 31,



2024

2023 (*)



Unaudited

Unaudited

ASSETS




Current assets:




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:




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





LIABILITIES AND STOCKHOLDERS' EQUITY




Current liabilities:




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:




    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:




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


(*) Derived from audited financial statements.


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