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SCM Microsystems Reports Third Quarter 2009 Results
Date:11/16/2009

return on their investment. Net income determined in accordance with U.S. GAAP is the most complete measure available today to evaluate all elements of our performance. Similarly, our Consolidated Statement of Cash Flows, as presented in our most recent filings with the Securities and Exchange Commission, provide the full accounting for how we have decided to use resources provided to us from our customers, lenders and shareholders.


                                 SCM MICROSYSTEMS, INC.
                        Condensed Consolidated Balance Sheets
                                     (in thousands)
                                       (unaudited)


                                                   September 30, December 31,
     ASSETS                                            2009         2008
                                                       ----         ----
     Current assets:
         Cash and cash equivalents                    $6,162      $20,550
         Accounts receivable, net                      9,083        8,665
         Inventories                                   6,587        5,065
         Other current assets                          2,661        1,139
                                                       -----        -----
           Total current assets                       24,493       35,419

     Equity investments                                1,449        2,244
     Property, equipment and other assets, net         1,621        3,168
     Goodwill                                         21,895            -
     Intangibles, net                                 22,738          307
                                                      ------          ---
           Total assets                              $72,196      $41,138
                                                     =======      =======

     LIABILITIES AND STOCKHOLDERS' EQUITY
     Current liabilities:
         Accounts payable                           
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SOURCE SCM Microsystems, Inc.
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