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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 (NASDAQ: CEVA) has announced that STMicroelectronics has integrated the Ceva-Waves Dragonfly NB-IoT platform into its latest ST87M01 NB-IoT industrial module. This module offers ultra-reliable low-power wide-area network (LPWAN) connectivity and robust GNSS geo-location capability for IoT devices. The Ceva-Waves Dragonfly platform includes the Ceva-BX1 processor, optimized RF transceiver, baseband, and protocol stack, enabling a complete Release 15 Cat-NB2 modem IP solution. This integration aims to reduce time-to-market and lower entry barriers for a variety of IoT applications, including smart meters, smart grids, smart buildings, factory automation, and asset tracking.
The ST87M01 module is expected to capitalize on the projected growth in cellular IoT connections, which the Ericsson Mobility Report forecasts to increase from 3 billion in 2023 to 6.1 billion by 2029, at a CAGR of 12%. Ceva's Vice President, Tal Shalev, highlighted the collaboration's aim to enhance cellular IoT performance and power efficiency. Further details can be found on Ceva's official website.
Ceva, a leading licensor of silicon and software IP for Smart Edge devices, will release its second quarter 2024 financial results on August 7, 2024, before the NASDAQ market opens.
Following the release, Ceva's management will host a conference call at 8:30 a.m. Eastern Time to discuss the quarter's performance.
U.S. participants can join the call by dialing 1-844-435-0316, while international participants can dial +1-412-317-6365, both using the access code 'Ceva'.
A live webcast will be available at https://app.webinar.net/8mGNyBxXMLR, with a replay accessible by dialing +1-877-344-7529 or +1-412-317-0088 (access code: 2162644) until August 14, 2024. The replay will also be available on Ceva's website.
Ceva, a leader in silicon and software IP, has expanded its Ceva-NeuPro family of Edge AI NPUs with the introduction of Ceva-NeuPro-Nano NPUs. These NPUs are designed to execute TinyML workloads efficiently in consumer, industrial, and general-purpose AIoT products, offering low power consumption, optimal performance, and cost-efficiency. The Ceva-NeuPro-Nano NPUs come in two configurations, Ceva-NPN32 and Ceva-NPN64, providing tailored solutions for various AI applications. They boast enhanced capabilities like transformer computation and sparsity acceleration, significantly reducing memory footprints by up to 80% with Ceva-NetSqueeze technology. The launch includes Ceva-NeuPro Studio, an AI SDK supporting open frameworks like TensorFlow Lite for Microcontrollers. The Ceva-NeuPro-Nano NPUs are now available for licensing.
Ceva (NASDAQ: CEVA), the leading licensor of silicon and software IP for Smart Edge devices, announced participation in upcoming investor events. These include:
Oppenheimer 25th Annual Israeli Conference on May 26, 2024, in Tel Aviv;
Cowen 52nd Annual TMT Conference on May 29, 2024, in New York, with a live webcast of Ceva's presentation;
Mizuho Technology Conference 2024 on June 12, 2024, in New York;
Rosenblatt 4th Annual Technology Summit: The Age of AI on June 13, 2024, virtually, featuring a presentation by VP of Marketing, Moshe Sheier, on Edge AI developments;
Northland Growth Conference 2024 on June 25, 2024, virtually.
Ceva, Inc. reported strong financial results for Q1 2024 with royalty revenue of $10.7 million, up 33% YoY, and total revenue of $22.1 million. Licensing revenue was $11.4 million, with 11 license agreements concluded, including deals for next-generation Wi-Fi 7 and Bluetooth 6 IPs. The company introduced new products, expanded partnerships, and announced collaborations to drive growth. GAAP gross margin was 89%, operating loss was $5.0 million, and net loss was $5.4 million. Non-GAAP gross margin was 90%, operating loss was $0.8 million, and net loss was $1.3 million. Ceva remains well-positioned with approximately $159 million in cash and equivalents.
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