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Silicom Momentum Continues In Q2 2011: Reports Strong YOY Growth Of 39% And New Profit Records With Net Income Topping $2M, Yielding $0.30 Diluted EPS

For more information, please visit: www.silicom.co.il.

Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties, or other factors not under the Company's control, which may cause actual results, performance, or achievements of the Company to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the Company's periodic filings with the Securities and Exchange Commission. The Company disclaims any duty to update such statements.

-- FINANCIAL TABLES FOLLOW --

Silicom Ltd. Consolidated Balance Sheets

(US$ thousands)

 

 

June 30, 2011

 

 

 

 

December 31,2010

Assets

 

Current assets

Cash and cash equivalents $6,096 $6,657
Short-term bank deposits 9,338 9,209
Marketable securities 9,392 8,162
Accounts receivables: Trade, net 6,751 6,762
Accounts receivables: Other 970 555
Inventories 11,347 8,140
Deferred tax assets 54 50
Total current assets 43,948 39,535
 
Marketable securities 21,950 21,773
Assets held for employees’ severance benefits

1,402

1,302

Deferred tax assets 150 219
Property, plant and equipment, net 777 650
 
Total assets $68,227 $63,479
 

Liabilities and shareholders' equity

 
Current liabilities
Trade accounts payable $4,505 $3,753
Other accounts payable and accrued expenses

1,901

2,074

Total current liabilities 6,406 5,827
 
Liability for employees’ severance benefits

2,393

2,222

 
Total liabilities 8,799 8,049
 
Shareholders' equity
Ordinary shares and additional paid-in capital

34,923

34,664

Treasury shares (38) (38)
Retained earnings 24,543 20,804
Total Shareholders' equity 59,428 55,430
Total liabilities and shareholders' equity

$68,227

$63,479

 




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