CEVA, INC. AND ITS SUBSIDIARIES
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| September 30, | December 31, |
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| 2023 | 2022 (*) |
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| Unaudited | Unaudited |
ASSETS |
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Current assets: |
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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: |
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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 |
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LIABILITIES AND STOCKHOLDERS' EQUITY |
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Current liabilities: |
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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: |
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| 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: |
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| 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 |
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| (*) Derived from audited financial statements. |
