VALENS SEMICONDUCTOR LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
(U.S. Dollars in thousands)
ASSETS |
| September 30,
|
| December 31,
| ||
CURRENT ASSETS Cash and cash equivalents |
|
| 35,443 |
|
| 17,261 |
Short-term deposits |
|
| 97,655 |
|
| 124,759 |
Trade accounts receivable |
|
| 7,217 |
|
| 14,642 |
Inventories |
|
| 11,737 |
|
| 13,836 |
Prepaid expenses and other current assets |
|
| 3,000 |
|
| 4,196 |
TOTAL CURRENT ASSETS |
|
| 155,052 |
|
| 174,694 |
LONG-TERM ASSETS: |
|
|
|
|
|
|
Property and equipment, net |
|
| 2,889 |
|
| 2,954 |
Operating lease right-of-use assets |
|
| 6,460 |
|
| 2,202 |
Intangible assets |
|
| 4,937 |
|
| - |
Goodwill |
|
| 1,847 |
|
| - |
Other assets |
|
| 702 |
|
| 708 |
TOTAL LONG-TERM ASSETS |
|
| 16,835 |
|
| 5,864 |
TOTAL ASSETS |
|
| 171,887 |
|
| 180,558 |
|
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES |
|
| 18,906 |
|
| 15,931 |
LONG-TERM LIABILITIES |
|
|
|
|
|
|
Forfeiture Shares |
|
| - |
|
| 38 |
Non-current operating leases liabilities |
|
| 3,598 |
|
| 190 |
| Earnout liability |
|
| 2,328 |
|
| - |
| Other long-term liabilities |
|
| 66 |
|
| 95 |
| TOTAL LONG-TERM LIABILITIES |
|
| 5,992 |
|
| 323 |
|
TOTAL LIABILITIES |
|
| 24,898 |
|
| 16,254 |
|
|
|
|
|
|
|
|
| TOTAL SHAREHOLDERS' EQUITY |
|
| 146,989 |
|
| 164,304 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
|
| 171,887 |
|
| 180,558 |
|
|
|
|
|
|
|
|
