Synplicity Announces Fourth Quarter 2007 and Full Year Results


Synplicity and HAPS are registered trademarks of Synplicity, Inc. All other brands or products are the trademarks or registered trademarks of their owners.

                           SYNPLICITY, INC.
                CONDENSED CONSOLIDATED BALANCE SHEETS
                            (in thousands)

                                              December 31,December 31,
                                                 2007       2006 (1)
                                              ----------- ------------
                                              (unaudited)
Assets:
Current assets:
    Cash and cash equivalents and short-term
     investments                                $ 42,991     $ 65,397
    Restricted cash                                2,700            -
    Accounts receivable, net                      15,513       10,323
    Inventories                                    1,377            -
    Prepaid expenses                               1,807        1,233
    Other current assets                           3,406          914
                                              ----------- ------------
        Total current assets                      67,794       77,867
Restricted cash                                    2,700            -
Property and equipment, net                        3,206        2,472
Goodwill                                           8,692        1,272
Intangible assets, net                            10,189        1,035
Other assets                                       8,333        1,163
                                              ----------- ------------
            Total assets                        $100,914     $ 83,809
                                              =========== ============

Liabilities and Shareholders' Equity:
Current liabilities:
    Accounts payable                            $  2,081     $  1,299
    Accrued liabilities                            1,714        1,537
    Accrued compensation                           5,258        4,360
    Deferred revenue                              18,616       18,409
                                              ----------- ------------
        Total current liabilities                 27,669       25,605
Other liabilities                                    351           89
Deferred income taxes                              2,902            -
Shareholders' equity:
    Common stock                                  61,320       62,699
    Retained earnings (accumulated deficit)        8,837       (4,255)
    Accumulated other comprehensive loss            (165)        (329)
                                                       -----------  ------------
                Total  shareholders'  equity                                69,992              58,115
                                                                                            -----------  ------------
                        Total  liabilities  and
                          shareholders'  equity                              $100,914          $  83,809
                                                                                            ===========  ============
(1)  Derived  from  audited  financial  statements
 


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