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Ceva, Inc. Announces Third Quarter 2024 Financial Results

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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 ha riportato risultati finanziari solidi per il terzo trimestre del 2024, con un fatturato totale di 27,2 milioni di dollari, in aumento del 13% rispetto all'anno precedente. Nel trimestre sono stati registrati volumi record di spedizioni di dispositivi, pari a 522 milioni di unità, inclusi oltre 400 milioni di spedizioni combinate di Bluetooth, Wi-Fi e IoT cellulare. I ricavi da licenze sono aumentati del 12%, raggiungendo 15,6 milioni di dollari, mentre i ricavi da royalty sono cresciuti del 15% a 11,6 milioni di dollari. L'azienda ha siglato 10 accordi di licenza IP e ha elevato le previsioni di crescita per l'intero anno 2024 tra il 7% e il 9%. L'utile netto non conforme agli standard GAAP è aumentato del 137%, raggiungendo 3,4 milioni di dollari, con un utile per azione di 0,14 dollari. Il consiglio di amministrazione ha autorizzato un ulteriore riacquisto di 700.000 azioni.

Ceva reportó resultados financieros sólidos para el tercer trimestre de 2024, con ingresos totales de 27,2 millones de dólares, un aumento del 13% interanual. En el trimestre se alcanzaron envíos de dispositivos récord de 522 millones de unidades, incluidas más de 400 millones de envíos combinados de Bluetooth, Wi-Fi y IoT celular. Los ingresos por licencias aumentaron un 12% a 15,6 millones de dólares, mientras que los ingresos por regalías crecieron un 15% hasta 11,6 millones de dólares. La compañía aseguró 10 acuerdos de licencias de propiedad intelectual y elevó su guía de crecimiento para todo el año 2024 al 7-9%. La cifra de ganancias netas no GAAP aumentó un 137% hasta 3,4 millones de dólares, con un beneficio por acción de 0,14 dólares. La junta autorizó la recompra de 700,000 acciones adicionales.

Ceva는 2024년 3분기에 강력한 재무 결과를 보고하며 총 수익이 2720만 달러로 전년 대비 13% 증가했습니다. 이번 분기에는 5억 2200만 대의 기록적인 장치 출하량이 기록되었으며, 이 중 4억 대 이상의 Bluetooth, Wi-Fi 및 셀룰러 IoT 출하량이 포함되었습니다. 라이센스 수익은 12% 증가하여 1560만 달러에 이르렀고, 로열티 수익은 15% 성장하여 1160만 달러에 달했습니다. 회사는 10개의 지식재산권 라이선스 계약을 체결하였으며, 2024년 전체 연도 성장 전망을 7-9%로 상향 조정했습니다. 비-GAAP 기준 순이익은 137% 증가하여 340만 달러에 도달했으며, 주당 순이익(EPS)은 0.14 달러입니다. 이사회는 추가로 70만 주의 자사주 매입을 승인했습니다.

Ceva a rapporté des résultats financiers solides pour le troisième trimestre de 2024, avec des revenus totaux de 27,2 millions de dollars, en hausse de 13% par rapport à l'année précédente. Le trimestre a enregistré des expéditions record de 522 millions d'unités de dispositifs, dont plus de 400 millions d'expéditions combinées de Bluetooth, Wi-Fi et IoT cellulaire. Les revenus de licences ont augmenté de 12% à 15,6 millions de dollars, tandis que les revenus de redevances ont crû de 15% pour atteindre 11,6 millions de dollars. L'entreprise a sécurisé 10 accords de licence IP et a relevé sa prévision annuelle de croissance 2024 entre 7% et 9%. Le bénéfice net non conforme aux normes GAAP a crû de 137% pour atteindre 3,4 millions de dollars, avec un bénéfice par action de 0,14 dollar. Le conseil d'administration a autorisé un rachat supplémentaire de 700 000 actions.

Ceva hat starke finanzielle Ergebnisse für das dritte Quartal 2024 gemeldet, mit einem Gesamtumsatz von 27,2 Millionen Dollar, was einem Anstieg von 13% im Jahresvergleich entspricht. Im Quartal wurden mit 522 Millionen Geräten rekordverdächtige Geräteauslieferungen verzeichnet, darunter über 400 Millionen kombinierte Auslieferungen von Bluetooth, Wi-Fi und Mobilfunk-IoT. Die Lizenzgebühren stiegen um 12% auf 15,6 Millionen Dollar, während die Lizenzgebühren um 15% auf 11,6 Millionen Dollar wuchsen. Das Unternehmen sicherte sich 10 IP-Lizenzvereinbarungen und hob die Prognose für das gesamte Jahr 2024 auf ein Wachstum von 7-9% an. Das Nicht-GAAP-Nettoeinkommen stieg um 137% auf 3,4 Millionen Dollar, mit einem Gewinn pro Aktie von 0,14 Dollar. Der Vorstand genehmigte den Rückkauf von zusätzlich 700.000 Aktien.

Positive
  • Revenue growth of 13% YoY to $27.2 million
  • Record shipments of over 400 million Bluetooth, Wi-Fi and cellular IoT devices
  • Licensing revenue up 12% to $15.6 million
  • Royalty revenue increased 15% to $11.6 million
  • Non-GAAP net income grew 137% to $3.4 million
  • Raised full-year 2024 guidance to 7-9% growth
Negative
  • GAAP operating loss of $2.6 million
  • GAAP net loss of $1.3 million
  • Gross margin declined to 85% from 90% YoY

Insights

CEVA delivered a strong Q3 with notable improvements across key metrics. $27.2M total revenue represents a healthy 13% YoY growth, driven by both licensing ($15.6M, up 12%) and royalties ($11.6M, up 15%). The company's strategic positioning in AI, 5G and wireless connectivity is paying off, evidenced by 522M device shipments and key licensing deals.

Non-GAAP metrics show substantial improvement with net income surging 137% to $3.4M. The expanded share buyback program and strong cash position of $158M demonstrate financial stability and shareholder commitment. The raised FY2024 guidance suggesting 7-9% revenue growth and doubled EPS indicates management's confidence in continued momentum.

The strategic wins in emerging technologies position CEVA strongly for future growth. Key developments include:

  • First licensing deal for NeuPro-Nano NPU in consumer AIoT
  • 5G-Advanced platform adoption for satellite communications
  • Record 400M+ combined shipments in Bluetooth, Wi-Fi and cellular IoT
The diversification across consumer electronics, industrial IoT and satellite communications demonstrates market penetration in high-growth sectors. The partnership with Edge Impulse for AI development and new product launches by STMicroelectronics and Alif Semiconductor validate CEVA's technology leadership in the IoT ecosystem.

- Total revenue of $27.2 million, up 13% year-over-year
- Ceva-powered device shipments of 522 million units in the quarter, driven by a record of more than 400 million Bluetooth, Wi-Fi and cellular IoT combined shipments 
- Strategic licensing deals signed with satellite OEM for 5G-Advanced platform and smartphone OEM for Spatial Audio software
- First licensing deal signed for NeuPro-Nano embedded AI NPU targeting consumer AIoT
- Raises financial guidance for full year 2024
- Announces expansion of existing share repurchase program with an additional 700,000 shares

ROCKVILLE, Md., Nov. 7, 2024 /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense and infer data more reliably and efficiently, today announced its financial results for the third quarter ended September 30, 2024. Financial results for the third quarter ended September 30, 2023, reflect Ceva's continuing operations only, with the Intrinsix business reflected as a discontinued operation, unless otherwise noted.

Operational Highlights:

Total revenue for the third quarter of 2024 was $27.2 million, up 13% compared to $24.1 million reported for the third quarter of 2023. Licensing and related revenue for the third quarter of 2024 was $15.6 million, up 12% compared to $13.9 million reported for the same quarter a year ago. Royalty revenue for the third quarter of 2024 was $11.6 million, the fourth sequential year-over-year increase, and up 15% compared to $10.1 million reported for the same quarter a year ago.

Amir Panush, Chief Executive Officer of Ceva, commented: "We delivered another strong performance in the third quarter, driven by double-digit year-over-year revenue growth for both licensing and royalties. We continue to experience exceptional demand for our IP portfolio, as evidenced by strategic OEM customer deals for 5G-Advanced satellite communications and spatial audio for headphones and earbuds. We also achieved a significant milestone in embedded AI, with our first licensing deal signed for our NeuPro-Nano NPU targeting consumer AIoT devices. In royalties, strength in the consumer and industrial markets drove Ceva-powered shipments to the second highest quarter on record, including record combined shipments of Bluetooth, Wi-Fi and cellular IoT devices of more than 400 million units."  

During the quarter, 10 IP licensing agreements were concluded, targeting a wide range of end markets and applications, including embedded AI solutions for consumer AIoT devices, 5G-Advanced satellite broadband for infrastructure and terminals, 5G for cellular IoT and V2X, spatial audio for headphones and TWS earbuds, and Bluetooth, Wi-Fi and UWB connectivity for wearables and hearables. Three of the deals signed in the quarter were with OEMs and three deals signed were with first-time customers.

GAAP gross margin for the third quarter of 2024 was 85%, as compared to 90% in the third quarter of 2023. GAAP operating loss for the third quarter of 2024 was $2.6 million, as compared to a GAAP operating loss of $2.7 million for the same period in 2023. GAAP net loss for the third quarter of 2024 was $1.3 million, as compared to a GAAP net loss of $2.8 million reported for the same period in 2023. GAAP diluted loss per share for the third quarter of 2024 was $0.06, as compared to GAAP diluted loss per share of $0.12 for the same period in 2023.

GAAP net loss with the discontinued operation for the third quarter of 2023 was $5.0 million. GAAP diluted loss per share with the discontinued operation for the third quarter of 2023 was $0.21.

Non-GAAP gross margin for the third quarter of 2024 was 87%, as compared to 92% for the same period in 2023. Non-GAAP operating income for the third quarter of 2024 increased 30% to $2.1 million, as compared to non-GAAP operating income of $1.6 million reported for the third quarter of 2023. Non-GAAP net income and diluted income per share for the third quarter of 2024 increased 137% and 133% to $3.4 million and $0.14, respectively, compared with non-GAAP net income and diluted income per share of $1.4 million and $0.06, respectively, reported for the third quarter of 2023. 

Non-GAAP net income, including the discontinued operation for the third quarter of 2023, was $0.4 million. Non-GAAP diluted income per share, including the discontinued operation for the third quarter of 2023, was $0.02.

Yaniv Arieli, Chief Financial Officer of Ceva, stated: "Our robust third quarter earnings more than doubled our non-GAAP net income and diluted income per share year-over-year. For the full year, we now expect overall revenues to be higher than previous guidance, at a new range of 7%-9% growth, enabling us to double our non-GAAP fully diluted EPS year-over-year. We continued to buy back the company's stock during the quarter, repurchasing approximately 186,000 shares for approximately $4.2 million under our stock repurchase program. Furthermore, the Ceva Board of Directors today authorized the expansion of the company's share repurchase program with an additional 700,000 shares of common stock available for repurchase, bringing the total shares available for repurchase to approximately 1 million. At the end of the quarter, our cash and cash equivalent balances, marketable securities and bank deposits were approximately $158 million, ensuring we are well-positioned to explore opportunities for non-organic growth."

Ceva Conference Call
On November 7, 2024, Ceva management will conduct a conference call at 8:30 a.m. Eastern Time to discuss the operating performance for the quarter.

The conference call will be available via the following dial in numbers:

  • U.S. Participants : Dial 1-844-435-0316 (Access Code : Ceva)
  • International Participants: Dial +1-412-317-6365 (Access Code: Ceva)

The conference call will also be available live via webcast at the following link: https://app.webinar.net/pyMYRB4aBXo. Please go to the web site at least fifteen minutes prior to the call to register.

For those who cannot access the live broadcast, a replay will be available by dialing +1-877-344-7529 or +1-412-317-0088 (access code: 2106460) from one hour after the end of the call until 9:00 a.m. (Eastern Time) on November 14, 2024. The replay will also be available at Ceva's web site www.ceva-ip.com.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that if they materialize or prove incorrect, could cause the results of Ceva to differ materially from those expressed or implied by such forward-looking statements and assumptions. Forward-looking statements include statements regarding customer demand for Ceva's IP portfolio, Ceva's positioning for non-organic growth given its current assets and updated guidance for the full year 2024. The risks, uncertainties and assumptions that could cause differing Ceva results include: the effect of intense industry competition; the ability of Ceva's technologies and products incorporating Ceva's technologies to achieve market acceptance; Ceva's ability to meet changing needs of end-users and evolving market demands; the cyclical nature of and general economic conditions in the semiconductor industry; Ceva's ability to diversify its royalty streams and license revenues; Ceva's ability to continue to generate significant revenues from the handset baseband market and to penetrate new markets; instability and disruptions related to the ongoing Israel-Gaza conflict; and general market conditions and other risks relating to Ceva's business, including, but not limited to, those that are described from time to time in our SEC filings. Ceva assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Non-GAAP Financial Measures

Non-GAAP gross margin for both the third quarter of 2024 and 2023 excluded: (a) equity-based compensation expenses of $0.2 million and (b) amortization of acquired intangibles of $0.1 million.

Non-GAAP operating income for the third quarter of 2024 excluded: (a) equity-based compensation expenses of $4.2 million, (b) the impact of the amortization of acquired intangibles of $0.3 million and (c) $0.3 million of costs associated with business acquisitions.

Non-GAAP operating income for the third quarter of 2023 excluded: (a) equity-based compensation expenses of $4.0 million, (b) the impact of the amortization of acquired intangibles of $0.3 million and (c) $0.1 million of costs associated with business acquisitions.

Non-GAAP net income and diluted income per share for the third quarter of 2024 excluded: (a) equity-based compensation expenses of $4.2 million, (b) the impact of the amortization of acquired intangibles of $0.3 million, (c) $0.3 million of costs associated with business acquisitions and (d) Income of $0.02 million associated with the remeasurement of marketable equity securities. Non-GAAP net income and diluted income per share for the third quarter of 2023 excluded: (a) equity-based compensation expenses of $4.0 million, (b) the impact of the amortization of acquired intangibles of $0.3 million, (c) $0.1 million of costs associated with business acquisitions and (d) Income of $0.2 million associated with the remeasurement of marketable equity securities.

Non-GAAP net income including the discontinued operation and diluted income per share including the discontinued operation for the third quarter of 2023 excluded: (a) equity-based compensation expenses of $4.0 million, (b) the impact of the amortization of acquired intangibles of $0.3 million, (c) $0.1 million of costs associated with business acquisitions, (d) Income of $0.2 million associated with the remeasurement of marketable equity securities and (e) $1.2 million loss associated with discontinued operations.

About Ceva, Inc.

At Ceva, we are passionate about bringing new levels of innovation to the smart edge. Our wireless communications, sensing and Edge AI technologies are at the heart of some of today's most advanced smart edge products. From wireless connectivity IPs (Bluetooth, Wi-Fi, UWB and 5G platform IP), to scalable Edge AI NPU IPs and sensor fusion solutions, we have the broadest portfolio of IP to connect, sense and infer data more reliably and efficiently. We deliver differentiated solutions that combine outstanding performance at ultra-low power within a very small silicon footprint. Our goal is simple – to deliver the silicon and software IP to enable a smarter, safer, and more interconnected world. This philosophy is in practice today, with Ceva powering more than 18 billion of the world's most innovative smart edge products from AI-infused smartwatches, IoT devices and wearables to autonomous vehicles and 5G mobile networks.

Our headquarters are in Rockville, Maryland with a global customer base supported by operations worldwide. Our employees are among the leading experts in their areas of specialty, consistently solving the most complex design challenges, enabling our customers to bring innovative smart edge products to market.

Ceva is a sustainability- and environmentally-conscious company, adhering to our Code of Business Conduct and Ethics. As such, we emphasize and focus on environmental preservation, recycling, the welfare of our employees and privacy – which we promote on a corporate level. At Ceva, we are committed to social responsibility, values of preservation and consciousness towards these purposes.

Ceva: Powering the Smart Edge™

Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.

Ceva, Inc. AND ITS SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF LOSS – U.S. GAAP

U.S. dollars in thousands, except per share data





Three months ended

Nine months ended


September 30,

September 30,


2024

2023

2024

2023


Unaudited

Unaudited

Unaudited

Unaudited

Revenues:





Licensing and related revenues

$  15,574

$  13,940

$  44,266

$  45,739

Royalties

11,633

10,133

33,450

27,518






Total revenues

27,207

24,073

77,716

73,257






Cost of revenues

3,961

2,357

9,397

9,389






Gross profit

23,246

21,716

68,319

63,868






Operating expenses:





Research and development, net

17,990

17,814

54,739

54,544

Sales and marketing

3,088

2,862

8,999

8,213

General and administrative

4,642

3,608

11,751

11,346

Amortization of intangible assets

150

149

449

445

Total operating expenses

25,870

24,433

75,938

74,548






Operating loss

(2,624)

(2,717)

(7,619)

(10,680)

Financial income, net

2,299

924

4,962

3,497

Reevaluation of marketable equity securities

21

160

(97)

(76)






Loss before taxes on income

(304)

(1,633)

(2,754)

(7,259)

Income tax expense

1,007

1,117

4,296

3,080

Net loss from continuing operation

(1,311)

(2,750)

(7,050)

(10,339)

Discontinued operation

(2,207)

(5,308)






Net loss

$  (1,311)

$  (4,957)

$  (7,050)

$  (15,647)






Basic and diluted net loss per share:





               Continuing operation

$   (0.06)

$   (0.12)

$   (0.30)

$   (0.44)

               Discontinued operation

(0.09)

(0.23)

Basic and diluted net loss per share

$   (0.06)

$   (0.21)

$   (0.30)

$   (0.67)






Weighted-average shares used to compute net loss
per share (in thousands):





Basic and diluted

23,678

23,605

23,605

23,473

 

Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures

U.S. Dollars in thousands, except per share amounts





Three months ended

Nine months ended


September 30,

September 30,


2024

2023

2024

2023


Unaudited

Unaudited

Unaudited

Unaudited

GAAP net loss

$  (1,311)

$  (4,957)

$  (7,050)

$  (15,647)

Equity-based compensation expense included in cost of
revenues

176

216

570

636

Equity-based compensation expense included in research
and development expenses

2,421

2,257

6,866

6,703

Equity-based compensation expense included in sales
and marketing expenses

491

478

1,307

1,305

Equity-based compensation expense included in general
and administrative expenses

1,120

1,018

2,936

2,787

Amortization of intangible assets related to acquisition
of businesses

279

278

835

753

Costs associated with business and asset acquisitions

251

100

783

195

(Income) loss associated with the remeasurement of
marketable equity securities

(21)

(160)

97

76

Non-GAAP from discontinued operations

1,184

3,233

Non-GAAP net income

$  3,406

$  414

$  6,344

$  41

GAAP weighted-average number of Common Stock
used in computation of diluted net loss and loss per share
(in thousands)

23,678

23,605

23,605

23,473

Weighted-average number of shares related to
outstanding stock-based awards (in thousands)

1,544

1,304

1,462

1,172

Weighted-average number of Common Stock used in
computation of diluted earnings per share, excluding the
above (in thousands)

25,222

24,909

25,067

24,645











GAAP diluted loss per share

$  (0.06)

$  (0.21)

$  (0.30)

$  (0.67)

Equity-based compensation expense

$  0.18

$  0.17

$  0.48

$  0.49

Amortization of intangible assets related to acquisition
of businesses

$  0.01

$  0.01

$  0.04

$  0.03

Costs associated with business and asset acquisitions

$  0.01

$  0.00

$  0.03

$  0.01

Income (loss) associated with the remeasurement of
marketable equity securities

$  0.00

$  0.00

$  0.00

$  0.00

Non-GAAP from discontinued operation

$  0.05

$  0.14

Non-GAAP diluted earnings  per share

$  0.14

$  0.02

$  0.25

$  0.00

 


Three months ended

Nine months ended


September 30,

September 30,


2024

2023

2024

2023


Unaudited

Unaudited

Unaudited

Unaudited

GAAP Operating loss

$  (2,624)

$  (2,717)

$  (7,619)

$  (10,680)

Equity-based compensation expense included in cost of
revenues

176

216

570

636

Equity-based compensation expense included in
research and development expenses

2,421

2,257

6,866

6,703

Equity-based compensation expense included in sales
and marketing expenses

491

478

1,307

1,305

Equity-based compensation expense included in
general and administrative expenses

1,120

1,018

2,936

2,787

Amortization of intangible assets related to acquisition
of businesses

279

278

835

753

Costs associated with business and asset acquisitions

251

100

783

195

Total non-GAAP Operating Income 

$  2,114

$  1,630

$  5,678

$  1,699

 


Three months ended

Nine months ended


September 30,

September 30,


2024

2023

2024

2023


Unaudited

Unaudited

Unaudited

Unaudited






GAAP Gross Profit

$  23,246

$  21,716

$  68,319

$  63,868

GAAP Gross Margin

85 %

90 %

88 %

87 %






Equity-based compensation expense included in cost of
revenues

176

216

570

636

Amortization of intangible assets related to acquisition
of businesses

129

129

386

308

Total Non-GAAP Gross profit

$  23,551

$  22,061

$  69,275

$  64,812

Non-GAAP Gross Margin

87 %

92 %

89 %

88 %






 

Ceva, Inc. AND ITS SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. Dollars in thousands)







September 30,

December 31,



2024

2023 (*)



Unaudited

Unaudited

ASSETS




Current assets:




Cash and cash equivalents


$  13,228

$  23,287

Marketable securities and short-term bank deposits


144,884

143,251

Trade receivables, net


15,250

8,433

Unbilled receivables


23,380

21,874

Prepaid expenses and other current assets


13,970

12,526

Total current assets


210,712

209,371

Long-term assets:




Severance pay fund


6,851

7,070

Deferred tax assets, net


1,685

1,609

Property and equipment, net


6,875

6,732

Operating lease right-of-use assets


5,625

6,978

Investment in marketable equity securities


309

406

Goodwill


58,308

58,308

Intangible assets, net


2,132

2,967

Other long-term assets


12,394

10,644

Total assets


$  304,891

$  304,085





LIABILITIES AND STOCKHOLDERS' EQUITY




Current liabilities:




Trade payables


$  1,960

$  1,154

Deferred revenues


3,418

3,018

Accrued expenses and other payables


19,770

20,202

Operating lease liabilities


2,571

2,513

Total current liabilities


27,719

26,887

Long-term liabilities:




    Accrued severance pay


7,304

7,524

Operating lease liabilities


2,627

3,943

Other accrued liabilities


1,471

1,390

Total liabilities


39,121

39,744

Stockholders' equity:




Common stock


24

23

Additional paid in-capital


256,685

252,100

Treasury stock


(2,943)

(5,620)

Accumulated other comprehensive loss


(956)

(2,329)

Retained earnings


12,960

20,167

Total stockholders' equity


265,770

264,341

Total liabilities and stockholders' equity


$  304,891

$  304,085


(*) Derived from audited financial statements.

 

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SOURCE Ceva, Inc.

FAQ

What was CEVA's revenue in Q3 2024?

CEVA's total revenue in Q3 2024 was $27.2 million, representing a 13% increase year-over-year.

How many device shipments did CEVA report in Q3 2024?

CEVA reported 522 million device shipments in Q3 2024, including a record of over 400 million combined Bluetooth, Wi-Fi, and cellular IoT shipments.

What was CEVA's licensing revenue in Q3 2024?

CEVA's licensing and related revenue in Q3 2024 was $15.6 million, up 12% compared to the same quarter last year.

How many IP licensing agreements did CEVA sign in Q3 2024?

CEVA signed 10 IP licensing agreements during Q3 2024, including deals for embedded AI solutions, 5G-Advanced satellite broadband, and wireless connectivity.

CEVA Inc.

NASDAQ:CEVA

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