CEVA Inc. - CEVA STOCK NEWS

CEVA, Inc. (NASDAQ: CEVA) reported its third quarter 2020 financial results, highlighting a 6% increase in total revenue to $25.0 million compared to Q3 2019. Licensing revenue rose 10% to $12.4 million, while royalty revenue grew 3% to $12.5 million. Notably, the base station and IoT product contributions reached a record $7.9 million. However, CEVA experienced a GAAP net loss of $0.7 million, a drop from a $0.8 million profit in 2019. The company concluded 13 license agreements, expanding its customer base significantly.

CEVA, Inc. (NASDAQ: CEVA) will announce its third quarter 2020 results on November 5, 2020, before the NASDAQ market opens. Following the release, a conference call will take place at 8:30 a.m. Eastern Time to discuss the quarter's operating performance. Participants can join by dialing designated numbers or via a live webcast. A replay will be available after the call.

CEVA is a leading licensor of wireless connectivity and smart sensing technologies, partnering with semiconductor companies and OEMs to deliver power-efficient, intelligent devices across various markets.

CEVA, Inc. (NASDAQ: CEVA), a leader in wireless connectivity and smart sensing technologies, will announce its third-quarter 2020 results on November 5, 2020. The earnings release is scheduled for before the NASDAQ market opens. Following this, management will host a conference call at 8:30 a.m. ET to discuss the quarter's performance. Dial-in numbers are provided for both U.S. and international participants, and a replay will be available until November 12, 2020. More information is accessible on CEVA's website.

CEVA, Inc. (NASDAQ: CEVA) and VisiSonics have announced a collaboration to develop a 3D spatial audio solution for embedded devices like TWS earbuds and headphones. This partnership integrates VisiSonics' RealSpace 3D audio software with CEVA's low power audio DSPs and MotionEngine™ head tracking algorithms. The resulting technology enhances user experience in VR, AR, and motion-aware devices, making it ideal for OEMs. With CEVA's DSPs powering billions of devices, this collaboration aims to accelerate the adoption of immersive 3D audio in mobile applications.

CEVA, Inc. has launched the MotionEngine™ Hear, an advanced embedded software solution aimed at enhancing user experiences in hearable devices, such as true wireless stereo earbuds and hearing aids. This sensor and processor agnostic technology allows OEMs and SoC vendors to implement features like gesture control, activity tracking, and spatial audio with minimal power consumption. With the projected shipment of over 630 million hearable devices by 2025, this release positions CEVA to leverage the growing demand for context-aware audio technologies.

CEVA, Inc. has partnered with Fluent.ai to provide ultra-low power speech-to-intent solutions for intelligent edge devices. Their combined technology enables OEMs and ODMs to integrate intelligent voice control in wearables and IoT products. Fluent.ai’s multilingual speech tech runs offline, ensuring user privacy and low latency. CEVA's DSPs, including CEVA-X2, CEVA-BX1, and CEVA-BX2, support this advanced speech processing. This collaboration aims to facilitate the adoption of voice-activated interfaces in diverse applications while maintaining high accuracy in noisy environments.

CEVA, Inc. (NASDAQ: CEVA) announced that its RivieraWaves Wi-Fi 6 IP platform is the first in the world to receive the Wi-Fi CERTIFIED 6™ status from the Wi-Fi Alliance. This certification validates CEVA's Wi-Fi 6 IP suite designed for low power IoT devices and high-performance applications. The technology aims to facilitate the integration of Wi-Fi 6 connectivity into semiconductor designs, enhancing the Internet of Things ecosystem. CEVA has already licensed its Wi-Fi 6 IPs for upcoming products from multiple semiconductor companies.

CEVA, Inc. (NASDAQ: CEVA) has announced that its Dragonfly NB2 turnkey NB-IoT solution has received full certification from Deutsche Telekom. This certification enables licensees to streamline and expedite their NB-IoT chipset certification for Deutsche Telekom's global networks. CEVA's Vice President highlighted that this milestone aids in lowering costs and entry barriers for OEMs in adopting NB-IoT technologies. Furthermore, Deutsche Telekom's certification promises improved interoperability and connectivity for next-generation modules and devices. The Dragonfly NB2 is positioned as a cost-effective and power-efficient solution.

CEVA, Inc. reported strong financial results for Q2 2020, achieving $23.6 million in revenue, representing a 28% increase year-over-year. Licensing and related revenue rose to $13.5 million (up 25%), while royalty revenue reached $10.1 million (up 33%). The company signed eight license agreements, with notable growth in automotive and IoT markets. Non-GAAP net income surged 130% to $2.9 million, leading to a diluted earnings per share of $0.12. Cash from operations amounted to $12.6 million, strengthening CEVA's balance sheet with approximately $157 million in cash and equivalents at quarter-end.