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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 its Q4 and full-year 2020 results, revealing total revenue of $28.1 million for Q4, a 1% decline from 2019. Licensing revenue decreased by 18% to $12.1 million, while royalty revenue reached a record $16.1 million, up 19%. For the full year, total revenue increased by 15% to $100.3 million. Despite a GAAP net income drop to $0.6 million in Q4, non-GAAP net income for the full year was $13.7 million, or $0.60 per share. CEVA continues to see growth in its customer base, particularly in 5G and IoT markets.
CEVA, Inc. (NASDAQ: CEVA) has launched its 2nd generation SensPro DSP family, enhancing AI and DSP processing for various sensors, achieving significant performance increases. The new SensPro2 DSPs deliver 6X more processing for computer vision, 8X for Radar, and double the AI inferencing capabilities, with a 20% improvement in power efficiency. The lineup includes seven vector DSP cores with up to 3.2 TOPS performance, targeting applications in automotive and AI processing. The DSPs support a wide range of software development tools, enabling rapid system design.
CEVA, Inc. (NASDAQ: CEVA) will announce its fourth quarter and full year 2020 financial results on February 16, 2021, prior to the market opening. A conference call hosted by CEVA management is scheduled for 8:30 a.m. ET to discuss the results. Participants can join via U.S. and international dial-in numbers or through a live webcast. A replay of the call will be available until February 23, 2021, at 9:00 a.m. ET. CEVA specializes in wireless connectivity and smart sensing technologies, providing innovative solutions across various markets.
CEVA (NASDAQ: CEVA), a leader in wireless connectivity and smart sensing technologies, will participate in the 23rd Annual Needham Virtual Growth Conference on January 14, 2021. The live webcast of their presentation is scheduled for 10:00 am Eastern. Interested parties can register for the event via the provided link. A replay of the presentation will also be available. CEVA is renowned for its innovative DSPs, AI processors, and wireless platforms, focusing on enhancing the functionality of smart devices across various sectors, including mobile, automotive, and IoT.
CEVA announced an open licensing agreement with DARPA to enhance technology innovation for DARPA programs. The partnership is part of the DARPA Toolbox initiative, allowing access to CEVA's wireless connectivity and smart sensing technologies. CEVA's DSPs, AI processors, and wireless IPs aim to accelerate DARPA's research efforts. This initiative simplifies access to commercial technologies for DARPA researchers and presents CEVA with opportunities for new revenue streams. CEVA joins Arm and Verific in this initiative, leveraging its advanced technologies in various applications including 5G and AI.
CEVA, Inc. (NASDAQ: CEVA) announced that Retune DSP's VoiceSpot Wake Word Engine is now optimized for CEVA's audio/voice DSPs. This engine supports voice activation in battery-operated edge devices with a memory footprint under 80KB. The collaboration is already in action with a lead customer deploying it in a smart home device. CEVA’s DSPs are used in various applications, from TWS earbuds to smart cameras, and they facilitate low-power voice command solutions.
CEVA, Inc. (NASDAQ: CEVA) has achieved Bluetooth SIG Qualification for its RivieraWaves Bluetooth Low Energy 5.2 Platform, becoming the first IP company to do so. This qualification mitigates product development risks for licensees, enhancing their time-to-market efficiency. The new Isochronous Channels feature supports low latency audio streaming to multiple devices, catering to the growing demand for high-performance wireless audio peripherals. CEVA's platforms, recognized for widespread deployment with over 2 billion devices shipped, enable advanced connectivity solutions across various consumer and IoT markets.
CEVA has announced that Renesas has licensed its advanced DSP technology for the next-generation automotive System-on-Chip (SoC). This collaboration aims to enhance automotive safety through improved processing of sensor data from cameras and radars. CEVA's solutions cater to demanding AI workloads and automated driving applications. The licensing agreement underscores CEVA's pivotal role in the automotive semiconductor sector.
CEVA, Inc. (NASDAQ: CEVA) announced its participation in several upcoming virtual conferences, highlighting key events in the tech and wireless sectors. The events include the ROTH Technology Virtual Event on November 11, the Wells Fargo TMT Summit on December 1, the Barclays Global TMT Conference on December 9-10, and the Oppenheimer 5G Summit on December 15. Notably, VP Moshe Sheier will speak at the ROTH event, focusing on IoT voice technology during the COVID-19 pandemic. Presentations will be available via audio webcast on their investor page.
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