Silvaco Reports First Quarter 2024 Financial Results

SILVACO GROUP, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in thousands except share and par value amounts)


	March 31,				December 31,
	2024				2023

ASSETS
Current assets:
Cash		$	5,739			$	4,421
Accounts receivable, net			5,562				4,006
Contract assets, net			9,240				8,749
Prepaid expenses and other current assets			1,748				2,549
Deferred transaction costs			1,943				1,163
Total current assets			24,232				20,888
Long-term assets:
Property and equipment, net			656		591
Operating lease right-of-use assets, net			2,157		1,963
Intangible assets, net			273		342
Goodwill			9,026		9,026
Long-term portion of contract assets, net			8,961		6,250
Other assets			2,057		1,825
Total long-term assets			23,130		19,997
Total assets		$	47,362			$	40,885
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable		$	3,332			$	2,495
Accrued expenses and other current liabilities			9,945		10,255
Accrued income taxes			2,185		1,626
Operating lease liabilities, current			817		735
Deferred revenue, current			7,935		7,882
Related party line of credit			2,016		2,000
Total current liabilities			26,230				24,993
Long-term liabilities:
Deferred revenue, non-current			4,737		5,071
Operating lease liabilities, non-current			1,320		1,198
Long-term loan facility			4,283		—
Other long-term liabilities			197		221
Total liabilities			36,767				31,483
Commitments and contingencies
Stockholders' equity:
Common stock, $0.0001 par value; 25,000,000 shares authorized; 20,000,000 shares issued and outstanding			2		2
Retained earnings			12,770		11,392
Accumulated other comprehensive loss			(2,177	)	(1,992			)
Total stockholders' equity			10,595				9,402
Total liabilities and stockholders' equity		$	47,362			$	40,885

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 Next Page »