Welcome to our dedicated page for Ceva news (Ticker: CEVA), a resource for investors and traders seeking the latest updates and insights on Ceva stock.
CEVA Inc. (NASDAQ: CEVA) is a global leader in the licensing of signal processing IPs, focusing on creating power-efficient, intelligent, and connected devices for a smarter, connected world. Their partnerships with semiconductor companies and original equipment manufacturers (OEMs) globally enable the production of advanced devices catering to various end markets, including mobile, consumer, automotive, industrial, and IoT sectors.
CEVA’s comprehensive portfolio includes ultra-low-power IPs for vision, audio, communications, and connectivity. Their DSP-based platforms support LTE/LTE-A/5G baseband processing, computer vision, computational photography, and always-on sensing applications. Notably, their connectivity solutions encompass widely adopted IPs for Bluetooth (low energy and dual mode), Wi-Fi (802.11 a/b/g/n/ac up to 4x4), and serial storage (SATA and SAS).
Recent achievements highlight CEVA's robust market performance. In Q4 2023, they reported a total revenue of $24.2 million, with royalty revenue of $12.3 million, marking a 13% year-over-year increase. Strategic license agreements with leading semiconductor firms for Wi-Fi 6 and AI-enabling software underscore their market relevance. The full year saw a shipment of 1.6 billion CEVA-powered smart edge devices and record cellular IoT royalty revenues.
CEVA is committed to innovation, providing IP that enables devices to connect, sense, and infer data more reliably and efficiently. They continue to expand their portfolio with AI-related offerings and have made significant strides in wireless communications, sensing, and Edge AI technologies. CEVA's leading-edge IPs power over 17 billion smart edge products globally, from AI-infused smartwatches and IoT devices to autonomous vehicles and 5G mobile networks.
CEVA's financial health remains strong, with a focus on profitable growth and operational efficiency. Their continuous effort in developing new technologies and expanding market reach positions them as a trusted partner in the semiconductor industry.
Ceva Inc reported strong Q4 2024 financial results with total revenue of $29.2 million, up 21% year-over-year. Q4 royalty revenue reached $13.5 million, marking the fifth consecutive quarter of growth. The company achieved record shipments of 623 million Ceva-powered units, up 38% year-over-year.
For full-year 2024, total revenue increased 10% to $106.9 million, with royalty revenue up 18% to $46.9 million. Annual Ceva-powered device shipments hit a record 2 billion units. The company secured 43 license agreements, including 12 multiple-technology licenses and 9 first-time customers. GAAP loss per share was $0.37, while non-GAAP diluted earnings per share doubled to $0.36.
Notable Q4 achievements included securing major Wi-Fi architecture and cellular DSP licensing deals with global MCU leaders and U.S. mobile OEMs.
Ceva (NASDAQ: CEVA) announced that ListenAI Technology has licensed its Ceva-Waves Wi-Fi 6 IP to enhance its Edge AI processor portfolio. ListenAI's AI-based processors target applications using audio, voice, and vision across automotive, home appliances, education, office, and consumer electronics sectors.
The partnership aims to address the increasing demand for connected devices requiring seamless connectivity. ListenAI will integrate Ceva's Wi-Fi 6 IP into their new Wi-Fi 6 SoC, focusing on meeting performance, reliability, and power efficiency requirements. This collaboration will enable ListenAI to expand its product offerings by combining wireless capabilities with AI-driven features, particularly for edge processing applications ranging from autonomous vehicles to smart homes.
Ceva announced that WUQI Microelectronics has licensed and deployed the Ceva-Waves Wi-Fi 6 High-Performance STA IP platform in its WQ9201 Wi-Fi/Bluetooth combo chip. The chip targets consumer electronics including smartphones, tablets, PCs, TVs, and set-top-boxes.
The WQ9201, which won the 2024 'China Core' Excellent Technology Innovation Product Award, features WUQI's proprietary RF dual-band architecture and original low-power CMOS PA technology. It supports dual-band concurrency at 2.4 GHz and 5 GHz, delivering high throughput and stable wireless transmission at low power consumption.
The Ceva-Waves Wi-Fi 6 IP provides WUQI with the industry's smallest footprint and lowest power high-performance hardware modem and MAC accelerator with FullMAC software protocol stack.
Ceva (NASDAQ: CEVA) has appointed Amir Faintuch to its Board of Directors as an independent director, expanding the board to eight members. Faintuch will also serve on the Strategic Committee, making him the seventh independent director on the board.
Faintuch brings significant semiconductor industry experience, currently serving as CEO of Volumez, a Data Infrastructure as a Service company. His previous roles include senior positions at GlobalFoundries, Intel , and Qualcomm, where he held various technical and business leadership positions. At Intel, he was Senior VP and GM of Platform Engineering, while at Qualcomm, he served as President of Qualcomm Atheros.
The appointment aims to strengthen Ceva's leadership as it focuses on growth in the smart edge AI era. Faintuch holds a bachelor's degree in economics and business administration from Haifa University and a dual MBA from Northwestern University and Tel Aviv University.
Ceva (NASDAQ: CEVA), a leading licensor of silicon and software IP for Smart Edge devices, has scheduled its fourth quarter and full year 2024 earnings release for February 13, 2025, before NASDAQ market opens. The company will host a conference call at 8:30 a.m. Eastern Time to discuss quarterly performance.
The earnings call will be accessible via phone (U.S.: 1-844-435-0316, International: +1-412-317-6365) and live webcast. A replay will be available through February 20, 2025, via phone (+1-877-344-7529 or +1-412-317-0088, access code: 5632639) and on Ceva's website.
Ceva (NASDAQ: CEVA) announced that Oritek Semiconductor has licensed its SensPro™ Vision AI DSP for the Longquan 560 series of Advanced Driver Assistance Systems (ADAS) chipsets. The collaboration aims to enhance ADAS capabilities in Electric Vehicles (EV), particularly in the Chinese market.
The Longquan 560 series will integrate Ceva's SensPro Vision AI DSP to power various intelligent automotive features, including AI-based headlights, camera monitoring systems, zone control units, and integrated central computing units for driving and parking. This integration enables automakers to reduce development costs and accelerate time-to-market while implementing advanced features.
The partnership is strategically positioned within the rapidly growing global EV market, where China leads with over 50% of global EV sales. Projections indicate that battery-powered electric vehicles will represent 30% of global vehicle sales by 2027.
Ceva and Edge Impulse have announced enhanced computer vision capabilities for embedded ML applications through integration with NVIDIA TAO toolkit. The collaboration includes full integration of Edge Impulse Studio and NVIDIA TAO toolkit support with Ceva-NeuPro Studio for both NPN32 and NPN64 NPUs.
The integration enables AI developers to optimize performance for NeuPro-Nano NPUs with minimal coding requirements. Edge Impulse's platform provides cutting-edge AI/ML models, DSP blocks, and direct integration with NVIDIA's TAO toolkit, facilitating faster development cycles. The NeuPro-Nano's architecture supports AI inference, feature extraction, and DSP workloads for audio, voice, and vision applications, while providing accurate cycle count emulation for end-to-end AI applications.
The Ceva-NeuPro-Nano NPUs are currently available for licensing.
Ceva has announced new partnerships to enhance its embedded AI ecosystem for the Ceva-NeuPro-Nano NPU. The company is collaborating with Cyberon and AIZIP to provide pre-optimized neural networks for keyword spotting, face recognition, and speaker identification in smart edge devices.
The expanded partnership with Edge Impulse now includes full integration of Edge Impulse Studio and support for NVIDIA TAO toolkit with Ceva-NeuPro Studio for both NPN32 and NPN64 NPUs. AIZIP's contribution focuses on Face Detection models, while Cyberon brings its DSpotter keyword spotting technology optimized for power-efficient performance.
The Ceva-NeuPro-Nano NPUs are currently available for licensing, along with Cyberon and AIZIP's optimized neural networks. The Edge Impulse Platform integration will be available in the coming months.
Ceva (NASDAQ: CEVA) announced significant market traction for its Ceva-NeuPro-Nano Embedded AI NPUs in the AIoT and MCU markets. The NPN32 and NPN64 NPUs offer power, performance, and cost efficiencies for embedded AI model deployment on SoCs, featuring a Coremark/MHz score of 6.0.
The company has released Ceva-NeuPro Studio, an integrated IDE solution enabling comprehensive AI application development and deployment. Key features include support for open-source AI frameworks, inference code generation, and seamless integration with Edge Impulse Studio. The solution allows customers to evaluate AI models before silicon availability and deploy using NVIDIA TAO Toolkit.
The technology has received industry recognition, winning the Best IP/Processor of the Year 2024 at EE Awards Asia and the 2024 IoT Edge Computing Excellence Award.
Ceva (NASDAQ: CEVA) announced that Bestechnic has integrated Ceva-Waves Wi-Fi 6 and Bluetooth dual-mode IP platforms in their new Bluetooth/Wi-Fi combo products, including the BES2610 and BES2800 families. Bestechnic, having shipped over 1 billion smart audio SoCs with Ceva's Bluetooth technology, is expanding their partnership to address the growing Wi-Fi 6 market, projected to reach 2.7 billion units annually by 2027.
The new combo devices feature Bluetooth 5.4 dual-mode capability and Wi-Fi 6 subsystem, optimized for ultra-low power consumption with 2.4GHz Wi-Fi RX current as low as 14mA. These solutions target smart wearables, smart home, and smart audio applications, particularly focusing on devices requiring high-throughput wireless connectivity and lossless audio streaming capabilities.
FAQ
What is the current stock price of Ceva (CEVA)?
What is the market cap of Ceva (CEVA)?
What does CEVA Inc. specialize in?
Who are CEVA's primary partners?
What technologies does CEVA offer?
How did CEVA perform financially in Q4 2023?
What recent strategic agreements has CEVA signed?
How many CEVA-powered devices were shipped in 2023?
What is CEVA's approach towards innovation?
How does CEVA support its global customer base?
What is CEVA's long-term strategy?
Where can more information about CEVA be found?
