Techwell Reports Third Quarter 2008 Financial Results (Revenue up 22%)

 

TECHWELL, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
September 30, December 31,
2008 2007
Assets
Current Assets:
Cash and cash equivalents $ 44,675 $ 27,177
Short-term investments 17,992 33,384
Accounts receivable 2,363 2,095
Inventory 6,014 4,753
Deferred income tax assets 1,204 2,016
Prepaid expenses and other current assets 1,516 1,456
Total Current Assets 73,764 70,881
Property and equipment - net 1,562 1,471
Long-term investments 14,626 7,839
Deferred income tax assets 4,206 3,419
Other assets 199 127
Total Assets $ 94,357 $ 83,737
Liabilities and Stockholders Equity
Current Liabilities:
Accounts payable $ 3,269 $ 2,973
Accrued expenses and other liabilities 2,417 2,534
Total Current Liabilities 5,686 5,507
Deferred rent 133 165
Total Liabilities 5,819 5,672
Stockholders' Equity:
Common stock 21 21
Additional paid-in capital 78,404 73,454
Deferred stock-based compensation (35 ) (160 )
Accumulated comprehensive income/(loss) (787 ) 44
Retained earnings 10,935 4,706
Total Stockholders Equity 88,538 78,065
Total Liabilities and Stockholders Equity $ 94,357 $ 83,737

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