PLX Technology, Inc. Reports Third Quarter 2010 Financial Results

 
PLX TECHNOLOGY, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(in thousands)
   
September 30
2010
December 31
2009
ASSETS
 
Cash and investments $ 43,132 $ 40,015
Accounts receivable, net 12,921 9,167
Inventories 14,168 9,628
Property and equipment, net 11,452 10,856
Goodwill 1,367 1,367
Other intangible assets 3,695 5,640
Other assets   5,711     7,347  
Total assets $ 92,446   $ 84,020  
 
LIABILITIES
 
Accounts payable $ 7,320 $ 6,489
Accrued compensation and benefits 3,256 1,261
Accrued commissions 729 740
Other accrued expenses 2,249 1,657
Short term capital lease obligation 1,131 776
Long term capital lease obligation   295     1,098  
Total liabilities 14,980 12,021
 
STOCKHOLDERS' EQUITY
 
Common stock, par value 37 37
Additional paid-in capital 155,098 153,939
Accumulated other comprehensive loss (122 ) (87 )
Accumulated deficit   (77,547 )   (81,890 )
Total stockholders' equity   77,466     71,999  
Total liabilities and stockholders' equity $ 92,446   $ 84,020  
 

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