Valens Semiconductor Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Cash & Equivalents	35.44	17.26	20.02	56.79	26.32	15.56
Short-Term Investments	97.66	124.76	128.36	117.57	35.25	63.78
Cash & Short-Term Investments	133.1	142.02	148.39	174.36	61.57	79.33
Cash Growth	-6.73%	-4.29%	-14.90%	183.19%	-22.39%	-
Receivables	7.22	14.64	11.51	7.1	8.68	7.74
Inventory	11.74	13.84	23.82	9.32	3.16	2.71
Prepaid Expenses	3	4.2	4.79	8.26	2.34	2.15
Other Current Assets	-	-	-	-	0.63	0.08
Total Current Assets	155.05	174.69	188.51	199.03	76.38	92.01
Property, Plant & Equipment	9.35	5.16	6.61	2.74	2.35	2.59
Long-Term Investments	-	0.02	0.02	0.02	0.04	0.05
Other Long-Term Assets	0.7	0.69	0.52	0.81	0.4	0.4
Total Assets	171.89	180.56	195.66	202.6	79.17	95.04
Accounts Payable	4.07	4.95	10.65	4.49	1.79	3.26
Accrued Expenses	12	9.18	11.81	11.17	9.34	9.96
Current Portion of Leases	2.83	1.77	1.81	-	-	-
Current Income Taxes Payable	0.01	0.04	0.51	0.04	0.04	0.03
Total Current Liabilities	18.91	15.93	24.79	15.7	11.16	13.25
Long-Term Leases	3.6	0.19	1.62	-	-	-
Other Long-Term Liabilities	2.39	0.13	1.81	4.7	0.61	0.5
Total Liabilities	24.9	16.25	28.22	20.4	11.78	13.75
Common Stock	0.05	0.05	0.05	0.05	0.04	0.04
Additional Paid-In Capital	353.54	341.59	325.07	312.16	21.21	15.48
Retained Earnings	-206.6	-177.34	-157.68	-130.01	-103.47	-83.84
Total Common Equity	146.99	164.3	167.44	182.2	-82.22	-68.32
Shareholders' Equity	146.99	164.3	167.44	182.2	67.39	81.29
Total Liabilities & Equity	171.89	180.56	195.66	202.6	79.17	95.04
Total Debt	6.42	1.96	3.44	-	-	-
Net Cash (Debt)	126.68	140.06	144.95	174.36	61.57	79.33
Net Cash Growth	-9.81%	-3.37%	-16.87%	183.19%	-22.39%	-
Net Cash Per Share	1.21	1.37	1.48	5.28	5.89	8.33
Filing Date Shares Outstanding	106.29	105.21	102.39	98.13	10.8	9.52
Total Common Shares Outstanding	106.29	103.15	98.88	98.13	10.8	9.52
Working Capital	136.15	158.76	163.72	183.33	65.21	78.76
Book Value Per Share	1.38	1.59	1.69	1.86	-7.62	-7.17
Tangible Book Value	140.21	164.3	167.44	182.2	-82.22	-68.32
Tangible Book Value Per Share	1.32	1.59	1.69	1.86	-7.62	-7.17
Machinery	-	10.68	8.88	7.46	6.2	5.36
Leasehold Improvements	-	0.66	0.66	0.66	0.43	0.4

Source: S&P Capital IQ. Standard template. Financial Sources.