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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Silicom Ltd | NASDAQ:SILC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.18 | 1.20% | 15.13 | 12.42 | 15.68 | 15.28 | 14.64 | 15.10 | 48,864 | 05:00:10 |
|
SILICOM LTD.
(Registrant) |
|
|
|
|
|
|
Date: October 31, 2024
|
By
|
/s/ Eran Gilad
|
|
|
Eran Gilad
|
|
|
|
Chief Financial Officer
|
|
Company Contact:
Eran Gilad, CFO
Silicom Ltd.
Tel: +972-9-764-4555
E-mail: erang@silicom.co.il
|
Investor Relations Contact:
Ehud Helft
EK Global Investor Relations
Tel: +1 212 378 8040
E-mail: silicom@ekgir.com
|
September 30,
|
December 31,
|
|||||||
2024
|
2023
|
|||||||
Assets
|
||||||||
Current assets
|
||||||||
Cash and cash equivalents
|
$
|
59,489
|
$
|
46,972
|
||||
Marketable securities
|
9,818
|
7,957
|
||||||
Accounts receivables: Trade, net
|
13,264
|
25,004
|
||||||
Accounts receivables: Other
|
7,033
|
3,688
|
||||||
Inventories
|
43,498
|
51,507
|
||||||
Total current assets
|
133,102
|
135,128
|
||||||
Marketable securities
|
7,799
|
16,619
|
||||||
Assets held for employees’ severance benefits
|
1,481
|
1,357
|
||||||
Deferred tax assets
|
2,747
|
2,359
|
||||||
Property, plant and equipment, net
|
2,914
|
3,552
|
||||||
Intangible assets, net
|
2,316
|
2,253
|
||||||
Right of Use
|
7,280
|
6,466
|
||||||
Total assets
|
$
|
157,639
|
$
|
167,734
|
||||
Liabilities and shareholders' equity
|
||||||||
Current liabilities
|
||||||||
Trade accounts payable
|
$
|
7,490
|
$
|
4,139
|
||||
Other accounts payable and accrued expenses
|
6,443
|
6,668
|
||||||
Lease Liabilities
|
1,633
|
2,070
|
||||||
Total current liabilities
|
15,566
|
12,877
|
||||||
Lease Liabilities
|
5,034
|
3,877
|
||||||
Liability for employees’ severance benefits
|
2,596
|
2,672
|
||||||
Deferred tax liabilities
|
92
|
46
|
||||||
Total liabilities
|
23,288
|
19,472
|
||||||
Shareholders' equity
|
||||||||
Ordinary shares and additional paid-in capital
|
73,000
|
70,693
|
||||||
Treasury shares
|
(52,271
|
)
|
(43,631
|
)
|
||||
Retained earnings
|
113,622
|
121,200
|
||||||
Total shareholders' equity
|
134,351
|
148,262
|
||||||
Total liabilities and shareholders' equity
|
$
|
157,639
|
$
|
167,734
|
Three-month period
|
Nine-month period
|
|||||||||||||||
ended September 30,
|
ended September 30,
|
|||||||||||||||
2024
|
2023
|
2024
|
2023
|
|||||||||||||
Sales
|
$
|
14,756
|
$
|
30,057
|
$
|
43,623
|
$
|
105,368
|
||||||||
Cost of sales
|
10,593
|
20,821
|
31,158
|
72,185
|
||||||||||||
Gross profit
|
4,163
|
9,236
|
12,465
|
33,183
|
||||||||||||
Research and development expenses
|
4,958
|
5,231
|
14,827
|
15,622
|
||||||||||||
Selling and marketing expenses
|
1,366
|
1,946
|
4,360
|
5,343
|
||||||||||||
General and administrative expenses
|
952
|
1,099
|
2,978
|
3,205
|
||||||||||||
Total operating expenses
|
7,276
|
8,276
|
22,165
|
24,170
|
||||||||||||
Operating income (loss)
|
(3,113
|
)
|
960
|
(9,700
|
)
|
9,013
|
||||||||||
Financial income (expenses), net
|
515
|
434
|
1,601
|
1,201
|
||||||||||||
Income (loss) before income taxes
|
(2,598
|
)
|
1,394
|
(8,099
|
)
|
10,214
|
||||||||||
Income taxes
|
32
|
183
|
(521
|
)
|
1,660
|
|||||||||||
Net income (loss)
|
$
|
(2,630
|
)
|
$
|
1,211
|
$
|
(7,578
|
)
|
$
|
8,554
|
||||||
Basic income (loss) per ordinary share (US$)
|
$
|
(0.44
|
)
|
$
|
0.18
|
$
|
(1.24
|
)
|
$
|
1.27
|
||||||
Weighted average number of ordinary shares used to compute basic income (loss) per share (in thousands)
|
5,919
|
6,744
|
6,090
|
6,754
|
||||||||||||
Diluted income (loss) per ordinary share (US$)
|
$
|
(0.44
|
)
|
$
|
0.18
|
$
|
(1.24
|
)
|
$
|
1.26
|
||||||
Weighted average number of ordinary shares used to compute diluted income (loss) per share (in thousands)
|
5,919
|
6,753
|
6,090
|
6,809
|
Three-month period
|
Nine-month period
|
|||||||||||||||
ended September 30,
|
ended September 30,
|
|||||||||||||||
2024
|
2023
|
2024
|
2023
|
|||||||||||||
GAAP gross profit
|
$
|
4,163
|
$
|
9,236
|
$
|
12,465
|
$
|
33,183
|
||||||||
(1) Share-based compensation (*)
|
82
|
105
|
193
|
323
|
||||||||||||
Non-GAAP gross profit
|
$
|
4,245
|
$
|
9,341
|
$
|
12,658
|
$
|
33,506
|
||||||||
GAAP operating income (loss)
|
$
|
(3,113
|
)
|
$
|
960
|
$
|
(9,700
|
)
|
$
|
9,013
|
||||||
Gross profit adjustments
|
82
|
105
|
193
|
323
|
||||||||||||
(1) Share-based compensation (*)
|
777
|
834
|
2,113
|
2,091
|
||||||||||||
Non-GAAP operating income (loss)
|
$
|
(2,254
|
)
|
$
|
1,899
|
$
|
(7,394
|
)
|
$
|
11,427
|
||||||
GAAP net income (loss)
|
$
|
(2,630
|
)
|
$
|
1,211
|
$
|
(7,578
|
)
|
$
|
8,554
|
||||||
Operating income (loss) adjustments
|
859
|
939
|
2,306
|
2,414
|
||||||||||||
(2) Lease liabilities - Financial expenses (income)
|
98
|
(163
|
)
|
(9
|
)
|
(467
|
)
|
|||||||||
(3) Taxes on amortization and impairment of acquired intangible assets
|
22
|
68
|
397
|
203
|
||||||||||||
Non-GAAP net income (loss)
|
$
|
(1,651
|
)
|
$
|
2,055
|
$
|
(4,884
|
)
|
$
|
10,704
|
||||||
GAAP net income (loss)
|
$
|
(2,630
|
)
|
$
|
1,211
|
$
|
(7,578
|
)
|
$
|
8,554
|
||||||
Adjustments for Non-GAAP Cost of sales
|
82
|
105
|
193
|
323
|
||||||||||||
Adjustments for Non-GAAP Research and development expenses
|
386
|
412
|
986
|
1,010
|
||||||||||||
Adjustments for Non-GAAP Selling and marketing expenses
|
191
|
199
|
537
|
548
|
||||||||||||
Adjustments for Non-GAAP General and administrative expenses
|
200
|
223
|
590
|
533
|
||||||||||||
Adjustments for Non-GAAP Financial income (loss), net
|
98
|
(163
|
)
|
(9
|
)
|
(467
|
)
|
|||||||||
Adjustments for Non-GAAP Income taxes
|
22
|
68
|
397
|
203
|
||||||||||||
Non-GAAP net income (loss)
|
$
|
(1,651
|
)
|
$
|
2,055
|
$
|
(4,884
|
)
|
$
|
10,704
|
||||||
GAAP basic income (loss) per ordinary share (US$)
|
$
|
(0.44
|
)
|
$
|
0.18
|
$
|
(1.24
|
)
|
$
|
1.27
|
||||||
(1) Share-based compensation (*)
|
0.14
|
0.13
|
0.37
|
0.35
|
||||||||||||
(2) Lease liabilities - Financial expenses (income)
|
0.02
|
(0.02
|
)
|
-
|
(0.07
|
)
|
||||||||||
(3) Taxes on amortization and impairment of acquired intangible assets
|
-
|
0.01
|
0.07
|
0.03
|
||||||||||||
Non-GAAP basic income (loss) per ordinary share (US$)
|
$
|
(0.28
|
)
|
$
|
0.30
|
$
|
(0.80
|
)
|
$
|
1.58
|
||||||
GAAP diluted income (loss) per ordinary share (US$)
|
$
|
(0.44
|
)
|
$
|
0.18
|
$
|
(1.24
|
)
|
$
|
1.26
|
||||||
(1) Share-based compensation (*)
|
0.14
|
0.13
|
0.37
|
0.35
|
||||||||||||
(2) Lease liabilities - Financial expenses (income)
|
0.02
|
(0.02
|
)
|
-
|
(0.07
|
)
|
||||||||||
(3) Taxes on amortization and impairment of acquired intangible assets
|
-
|
0.01
|
0.07
|
0.03
|
||||||||||||
Non-GAAP diluted income (loss) per ordinary share (US$)
|
$
|
(0.28
|
)
|
$
|
0.30
|
$
|
(0.80
|
)
|
$
|
1.57
|
1 Year Silicom Chart |
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