CEVA INC
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
CEVA$24.84-8.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. FINANCIAL STATEMENTS
INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
U.S. dollars in thousands, except share and per share data
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $24,702 | $23,287 |
| Short-term bank deposits | 2,107 | 10,556 |
| Marketable securities | 131,602 | 132,695 |
| Trade receivables (net of allowance for credit losses of $288 at both June 30, 2024 and December 31, 2023) | 35,655 | 30,307 |
| Prepaid expenses and other current assets | 13,201 | 12,526 |
| Total current assets | 207,267 | 209,371 |
| Long-term assets: | ||
| Severance pay fund | 6,762 | 7,070 |
| Deferred tax assets, net | 1,317 | 1,609 |
| Property and equipment, net | 6,843 | 6,732 |
| Operating lease right-of-use assets | 6,137 | 6,978 |
| Goodwill | 58,308 | 58,308 |
| Intangible assets, net | 2,411 | 2,967 |
| Investments in marketable equity securities | 288 | 406 |
| Other long-term assets | 11,069 | 10,644 |
| Total long-term assets | 93,135 | 94,714 |
| Total assets | $300,402 | $304,085 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Trade payables | $1,092 | $1,154 |
| Deferred revenues | 2,830 | 3,018 |
| Accrued expenses and other payables | 6,051 | 5,800 |
| Accrued payroll and related benefits | 12,394 | 14,402 |
| Operating lease liabilities | 2,615 | 2,513 |
| Total current liabilities | 24,982 | 26,887 |
| Long-term liabilities: | ||
| Accrued severance pay | 7,210 | 7,524 |
| Operating lease liabilities | 2,964 | 3,943 |
| Other accrued liabilities | 1,460 | 1,390 |
| Total long-term liabilities | 11,634 | 12,857 |
| Stockholders’ equity: | ||
| Preferred Stock: $0.001 par value: 5,000,000 shares authorized; none issued and outstanding | — | — |
| Common Stock: $0.001 par value: 45,000,000 shares authorized; 23,756,255 and 23,695,190 shares issued at June 30, 2024 and December 31, 2023, respectively. 23,659,925 and 23,440,848 shares outstanding at June 30, 2024 and December 31, 2023, respectively | 24 | 23 |
| Additional paid in-capital | 254,302 | 252,100 |
| Treasury stock at cost (96,330 and 254,342 shares of common stock at June 30, 2024, and December 31, 2023, respectively) | (1,917) | (5,620) |
| Accumulated other comprehensive loss | (2,894) | (2,329) |
| Retained earnings | 14,271 | 20,167 |
| Total stockholders’ equity | 263,786 | 264,341 |
| Total liabilities and stockholders’ equity | $300,402 | $304,085 |
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