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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) reported record revenue of $32.8 million for Q3 2021, a 31% increase from $25.0 million in Q3 2020. Licensing, non-recurring engineering, and related revenue rose 74% to $21.6 million, while royalty revenue fell 11% to $11.2 million. The company concluded 25 agreements, with significant contributions from first-time customers. CEVA's GAAP net loss narrowed to $0.2 million, improving from a $0.7 million loss last year. Non-GAAP net income grew 29% to $4.7 million, with diluted earnings per share of $0.20.
CEVA, Inc. (NASDAQ: CEVA) will disclose its third-quarter 2021 financial results on November 9, 2021, before the NASDAQ market opens. Following this, management will hold a conference call at 8:30 a.m. Eastern Time to discuss performance metrics. Participants can join via specific dial-in numbers or through a live webcast. A replay of the call will be accessible after it concludes, enhancing shareholder accessibility to the company's financial insights and operational updates.
CEVA, Inc. (NASDAQ: CEVA) has scheduled its third quarter 2021 earnings release for November 09, 2021, before the market opens. Following the announcement, a conference call will be held at 8:30 a.m. Eastern Time to discuss the quarterly operating performance. U.S. participants can join by dialing 1-844-435-0316, while international participants can dial +1-412-317-6365. The call will also be available through a live webcast. A replay of the call will be accessible until 9:00 a.m. Eastern Time on November 16, 2021.
CEVA, Inc. (NASDAQ: CEVA) has partnered with Beken Corporation and VisiSonics to introduce a 3D audio reference design for headsets and True Wireless Stereo (TWS) earbuds. This design utilizes Beken's BK3288X Bluetooth Audio SoC series featuring CEVA-X2 Audio DSP and VisiSonics' RealSpace® 3D audio software, promising enhanced audio experiences for gaming and multimedia. The turnkey solution is now available for licensing and aims to meet the growing demand for spatial audio technology, particularly among consumer electronics OEMs.
CEVA, Inc. (NASDAQ: CEVA) reported a record revenue of $30.5 million for Q2 2021, marking a 29% year-over-year increase. Licensing and related revenue rose 15% to $15.5 million, while royalty revenue jumped 48% to $14.9 million, supported by a $3.3 million royalty settlement. The company secured 17 license agreements, including six with new customers, primarily in China. Net income increased to $0.3 million from a loss of $1.1 million in Q2 2020, with non-GAAP EPS rising 83% to $0.22.
CEVA, Inc. (NASDAQ: CEVA) has announced the general release of its RivieraWaves Bluetooth 5.3 IP, a significant upgrade enhancing security, robustness, and low power operation. This hardware/software solution is designed for new projects and existing designs. With Bluetooth device shipments projected to reach over 5 billion units annually by 2022, CEVA aims to capitalize on this expanding market. The new features of Bluetooth 5.3 include Enhanced Periodic Advertising and improved wireless security, providing a competitive edge in the wireless consumer market.
CEVA, Inc. (NASDAQ: CEVA) has scheduled its second quarter 2021 earnings announcement for August 09, 2021, before NASDAQ opens. Management will host a conference call at 8:30 a.m. ET to discuss the results. U.S. participants can dial 1-844-435-0316, while international participants can use +1-412-317-6365, both using access code CEVA. A live webcast will be available and a replay can be accessed until 9:00 a.m. ET on August 16, 2021.
CEVA, Inc. (NASDAQ: CEVA) has launched the RivieraWaves™ UWB, a power-efficient ultra-wideband (UWB) platform compliant with IEEE 802.15.4z. This platform offers centimeter-level accuracy and is tailored for IoT applications, enabling features such as asset tracking and secure digital key functionalities. With ABI Research predicting nearly 1 billion UWB device shipments by 2025, CEVA aims to facilitate UWB integration for semiconductor firms. The RivieraWaves UWB platform can operate alongside CEVA's Bluetooth IP, providing a unique, combined solution that enhances its market position in wireless connectivity.
CEVA, Inc. announced that Sequans Communications has licensed its PentaG 5G New Radio (NR) IP for an upcoming 5G platform aimed at the IoT industry. This technology promises to deliver high performance, low latency, and power efficiency, essential for applications like AR/VR/XR and smart manufacturing. The PentaG architecture features specialized processors and supports various wireless technologies, claiming over 10Gbps throughput. This partnership highlights CEVA's strategic positioning in the 5G market, potentially boosting its revenue from licensing IP.
CEVA, Inc. (NASDAQ: CEVA) reported financial results for Q1 2021, showing a total revenue of $25.4 million, an 8% increase compared to Q1 2020. Licensing revenue was $14.4 million, down 1%, while royalty revenue rose 21% to $11.0 million. The company reported a net loss of $3.6 million, compared to $1.2 million in Q1 2020, with a diluted loss per share of ($0.16). CEVA's cash reserves totaled $174 million with no debt. CEO Gideon Wertheizer highlighted strong demand for their wireless technologies, driven by new IoT applications.
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