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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. (NASDAQ: CEVA), a leading licensor of silicon and software IP for Smart Edge devices, announced its participation in several upcoming investor events and conferences:
- 13th Annual ROTH Technology Conference on November 20, 2024, at the Hard Rock Hotel, New York.
- Barclays 22nd Annual Global Technology Conference on December 11, 2024, at The Palace Hotel, San Francisco.
- Northland Growth Conference 2024 2.0 on December 12, 2024, virtually.
- CES 2025 from January 7-10, 2025, in Las Vegas, Nevada.
- 27th Annual Needham Growth Conference on January 14-15, 2025, at Lotte New York Palace Hotel, NY.
For meetings, contact respective representatives. Ceva's CES 2025 meeting suite is by invitation only, and the Needham conference presentation will be webcast live with details on Ceva's investor relations website.
Ceva reported strong Q3 2024 financial results with total revenue of $27.2 million, up 13% year-over-year. The quarter saw record device shipments of 522 million units, including over 400 million combined Bluetooth, Wi-Fi, and cellular IoT shipments. Licensing revenue increased 12% to $15.6 million, while royalty revenue grew 15% to $11.6 million. The company secured 10 IP licensing agreements and raised its full-year 2024 guidance to 7-9% growth. Non-GAAP net income increased 137% to $3.4 million, with EPS of $0.14. The board authorized an additional 700,000 shares for repurchase.
Ceva has announced an expansion of its share repurchase program, adding 700,000 shares of common stock to the existing plan. Combined with approximately 356,000 shares available under the current program as of September 30, 2024, this brings the total to 1,056,000 shares available for repurchase. The company plans to execute these repurchases through open market or private transactions, subject to market conditions and trading regulations. CEO Amir Panush emphasized that this decision reflects management's confidence in Ceva's business performance and growth strategy, highlighting the company's strong balance sheet position.
Ceva, Inc. (NASDAQ: CEVA), a leading licensor of silicon and software IP for Smart Edge devices, has announced its schedule for the third quarter 2024 earnings release and conference call. The company will release its Q3 2024 results on November 7, 2024, before the NASDAQ market opens. Following the release, Ceva management will host a conference call at 8:30 a.m. Eastern Time to discuss the quarter's operating performance.
The conference call will be accessible via phone for both U.S. and international participants, as well as through a live webcast. For those unable to attend the live broadcast, a replay will be available by phone and on Ceva's website until November 14, 2024.
Ceva and Edge Impulse have announced a collaboration to enhance Ceva-NeuPro-Nano NPUs with support for Edge Impulse Platform. This integration will enable AI developers to rapidly develop, train, and deploy advanced embedded ML applications for Ceva NPUs with cycle-accurate performance, before physical hardware is available.
The partnership aims to accelerate time-to-market for NeuPro-Nano based silicon targeting AIoT devices. Ceva-NeuPro-Nano NPU IP is designed for embedded ML applications, delivering ultra-low power and high performance in a small area. Edge Impulse Platform complements the hardware by providing 'no code' AI tools, simplifying the deployment and benchmarking of embedded ML applications.
This collaboration allows NeuPro-Nano customers to leverage Edge Impulse Platform to unlock the full potential of embedded ML in their AIoT products pre-silicon, facilitating rapid, scalable deployment of edge AI across industries with unprecedented performance.
Ceva (NASDAQ: CEVA) has won the Cabin-Driving Integrated Technology Breakthrough Award at the OFweek China Automotive Industry Awards 2024 for its Ceva-Waves UWB technology. This ultra-wideband IP offers low-power solutions for mobile, automotive, consumer, and IoT applications.
Key features of Ceva-Waves UWB include:
- Centimeter-level accuracy and robust location information
- Time-of-Flight ranging and Angle-of-Arrival processing
- Doppler Radar support for presence/gesture detection
- Compliance with 802.15.4 HRP, FiRa 2.0, and CCC DK3.0 requirements
The technology has been licensed by global automotive semiconductor leaders in China and Japan for automotive sensing applications. It's suitable for various uses, including secure digital key functionality, Child Presence Detection, indoor navigation, asset tracking, and tap-free payment systems.
Ceva Inc. (NASDAQ: CEVA) has maintained its #1 position in the wireless connectivity IP market, holding a 67% market share of IP revenues in 2023, according to IPNest's latest Design IP Report. The company's Ceva-Waves portfolio includes widely adopted wireless connectivity IPs for Bluetooth, Wi-Fi, UWB, and 802.15.4. Ceva's leadership in this space has led to over 1.3 billion devices sold worldwide in 2023 powered by their wireless connectivity IP.
Notably, Ceva estimates a 35% market share in Bluetooth IoT and 45% in TWS earbuds (excluding Apple) for 2023. The company also projects capturing 25-30% of the Wi-Fi IoT market share within two years. Ceva's success is attributed to its focus on low power innovation and being first to market with the latest standards, positioning it as a key player in the growing smart edge AI/IoT applications market.
Ceva, Inc. (NASDAQ: CEVA) reported strong Q2 2024 financial results, exceeding estimates. Total revenue reached $28.4 million, up 24% year-over-year. Licensing and related revenue grew 28% to $17.3 million, while royalty revenue increased 19% to $11.2 million. The company signed 11 IP licensing agreements, including strategic deals with infrastructure OEMs and a leading U.S. analog semiconductor company.
Ceva's growth is driven by increasing AI adoption across industries. The company launched new products, including Ceva-Waves-Links and Ceva-NeuPro-Nano, strengthening its Smart Edge IP leadership. GAAP gross margin improved to 90%, and non-GAAP operating income reached $4.4 million. Ceva's cash and equivalents stood at approximately $158 million, positioning the company for growth in edge AI and other high-growth markets.
Ceva, Inc. (NASDAQ: CEVA) announced that Alif Semiconductor has licensed and deployed Ceva's Bluetooth Low Energy and 802.15.4 IPs in its Balletto family of wireless microcontrollers. The Balletto family is a complete Edge AI/ML microcontroller solution for connected IoT platforms, featuring:
- Integrated Bluetooth Low Energy 5.3 and 802.15.4 wireless subsystem
- Dedicated network co-processor
- Up to 50x boost in machine learning performance and inference efficiency
- Support for Bluetooth LE Audio and Auracast broadcast audio
- Thread, Zigbee, and Matter support for smart home applications
This collaboration aims to meet the growing demand for AI/ML workloads in battery-powered devices, particularly in wireless audio and smart home use cases.
Ceva (NASDAQ: CEVA) has announced that STMicroelectronics has integrated the Ceva-Waves Dragonfly NB-IoT platform into its latest ST87M01 NB-IoT industrial module. This module offers ultra-reliable low-power wide-area network (LPWAN) connectivity and robust GNSS geo-location capability for IoT devices. The Ceva-Waves Dragonfly platform includes the Ceva-BX1 processor, optimized RF transceiver, baseband, and protocol stack, enabling a complete Release 15 Cat-NB2 modem IP solution. This integration aims to reduce time-to-market and lower entry barriers for a variety of IoT applications, including smart meters, smart grids, smart buildings, factory automation, and asset tracking.
The ST87M01 module is expected to capitalize on the projected growth in cellular IoT connections, which the Ericsson Mobility Report forecasts to increase from 3 billion in 2023 to 6.1 billion by 2029, at a CAGR of 12%. Ceva's Vice President, Tal Shalev, highlighted the collaboration's aim to enhance cellular IoT performance and power efficiency. Further details can be found on Ceva's official website.
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