CEVA, INC. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. Dollars in thousands)

June 30,

December 31,

2017

2016 (*)

Unaudited

Unaudited

ASSETS

Current assets:

Cash and cash equivalents

$        17,103

$        18,401

Marketable securities and short term bank deposits

102,897

108,115

Trade receivables, net

10,389

15,044

Prepaid expenses and other current assets

4,819

3,152

Total current assets

135,208

144,712

Long-term assets:

Bank deposits

50,196

29,977

Severance pay fund

8,956

7,941

Deferred tax assets

2,701

2,252

Property and equipment, net

6,157

4,805

Goodwill

46,612

46,612

Intangible assets, net

2,360

2,978

Other long term assets

4,093

3,218

Total assets

$        256,283

$        242,495

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Trade payables

$           290

$           571

Deferred revenues

3,388

6,258

Accrued expenses and other payables

13,502

15,766

Total current liabilities

17,180

22,595

Long-term liabilities:

Accrued severance pay

9,450

8,349

Total liabilities

26,630

30,944

Stockholders' equity:

Common stock:

22

21

Additional paid in-capital

213,504

212,103

Treasury stock

(29,060)

(39,507)

Accumulated other comprehensive loss

(278)

(497)

Retained earnings

45,465

39,431

Total stockholders' equity

229,653

211,551

Total liabilities and stockholders' equity

$   256,283

$   242,495

(*) Derived from audited financial statements