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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) announced its agreement to acquire Intrinsix Corp for approximately $33 million. This acquisition aims to enhance CEVA's offerings by integrating Intrinsix's chip design capabilities with CEVA's wireless and sensing technologies. The transaction is expected to close in Q2 2021. Intrinsix has over 1,500 successful designs and strong ties with major clients like Intel and IBM, emphasizing its role in the growing semiconductor market, particularly in defense, with projections of $6 billion in spending for 2022.
CEVA, Inc. (NASDAQ: CEVA) will announce its first-quarter 2021 results on May 10, 2021, prior to the NASDAQ market opening. Management will discuss the results during a conference call at 8:30 a.m. Eastern Time. U.S. participants can dial 1-844-435-0316 (Access Code: CEVA), while international participants can call +1-412-317-6365 (Access Code: CEVA). A replay will be available until 9:00 a.m. on May 17, 2021. More details can be found on the company's website.
CEVA, Inc. (NASDAQ: CEVA) announced that its RivieraWaves Bluetooth Dual Mode 5.2 Platform has received Bluetooth SIG Qualification. This platform, supporting both Bluetooth Classic Audio and LE Audio, enables licensees to enhance designs for TWS earbuds, smart watches, and smart speakers. CEVA reports over fifteen licensees for this version, reflecting strong market traction. The platform supports advanced Bluetooth features, with more than 2.5 billion devices shipped. CEVA continues to partner with major semiconductor companies to drive innovation in consumer and IoT devices.
CEVA has been awarded the 2021 Global Company of the Year Award by Frost & Sullivan for its innovative sensor fusion technology in consumer electronics. The company's MotionEngine™ software enables precise sensor calibration and fusion, enhancing user experiences across various devices. CEVA's technologies, utilized in over 200 million devices, are crucial for applications like robotics, wearables, and AI-enabled devices. CEVA's strategic focus on providing customizable solutions positions it as a leader in the sensor fusion market.
CEVA, Inc. (NASDAQ: CEVA) will announce its first-quarter 2021 results on May 10, 2021, before the NASDAQ market opens. Following the earnings release, management will hold a conference call at 8:30 a.m. ET to discuss the quarter's performance. U.S. participants can dial 1-844-435-0316 while international participants should call +1-412-317-6365. The call will also stream live online. A replay will be available after the call until May 17, 2021. CEVA specializes in wireless connectivity and smart sensing technologies.
CEVA, Inc. has launched the MotionEngine™ Scout, an advanced dead reckoning software aimed at enhancing the navigation of indoor autonomous robots. This solution significantly reduces trajectory errors, improving accuracy without the high costs associated with cameras or LiDAR. With an expected industry growth of 20% CAGR over the next five years, MotionEngine Scout simplifies OEM integration and provides cost flexibility through partnerships with leading IMU suppliers. CEVA emphasizes that this product addresses market demands for cost-effective, high-precision robotic navigation solutions.
CEVA, Inc. (NASDAQ: CEVA) has announced an expansion of its partnership with LG Electronics to include the licensing of its Freespace® MotionEngine Smart TV software to third-party brands using LG's webOS platform. This marks a significant milestone for LG as it aims to enhance its software and content services in home entertainment. The addition of CEVA's technology allows for intuitive point-and-click control on televisions, improving user experience. CEVA's software has been integrated into over 100 million LG TVs, solidifying its role in enhancing LG's market presence.
CEVA (NASDAQ: CEVA) has announced a partnership with Nations Technologies Inc., a key player in China's information security IC design sector. Nations will utilize CEVA's RivieraWaves Bluetooth® low energy IP for its NZ8801 Bluetooth 5 IC, aimed at providing secure connectivity for various low-power devices. The NZ8801 IC has already seen significant market success, shipping tens of millions of units. This collaboration enhances both companies' capabilities in ultra-low power, secure Bluetooth applications, with Nations' ICs being integrated into wearables and secure payment cards.
CEVA, Inc. (NASDAQ: CEVA) announced the launch of Bluebud, a wireless audio platform designed to standardize Bluetooth audio IP for TWS earbuds, speakers, and other devices. The Bluetooth audio market is projected to ship nearly 2 billion devices annually by 2024, according to ABI Research. Bluebud simplifies the integration process for semiconductor companies with its compact architecture and low power consumption. It supports Bluetooth 5.2, offers advanced features for enhanced audio quality, and enables significant differentiation for product developers.
CEVA, Inc. (NASDAQ: CEVA) announced the appointment of Jaclyn "Jackie" Liu to its Board of Directors, effective February 16, 2021. Liu, who has served as outside general counsel for CEVA for over a decade, brings significant expertise in corporate governance and M&A strategies. This change follows the retirement of Bruce A. Mann, a long-serving board member who contributed to executive compensation metrics and corporate governance. CEVA aims to leverage Liu's insights to enhance its business strategies, especially in ESG efforts and M&A activities.
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