Welcome to our dedicated page for CEVA news (Ticker: CEVA), a resource for investors and traders seeking the latest updates and insights on CEVA stock.
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) has announced it will release its first quarter 2023 earnings on May 10, 2023, before the NASDAQ market opens. Following the release, management will host a conference call at 8:30 a.m. Eastern Time to discuss performance details. U.S. participants can join by dialing 1-844-435-0316 (Access Code: CEVA), while international participants can dial +1-412-317-6365 (Access Code: CEVA). A live webcast will also be available. For those unable to attend, a replay of the call will be accessible until 9:00 a.m. Eastern Time on May 17, 2023. CEVA specializes in wireless connectivity and smart sensing technologies, providing solutions for several industries, including mobile and IoT.
CEVA, Inc. (NASDAQ: CEVA) announced the deployment of its RivieraWaves Wi-Fi 6 1x1 IP platform by Beijing ESWIN Technology Group for their ECR6600 smart connectivity IC. This technology targets sectors like smart homes and industrial IoT. ABI Research predicts a 21% CAGR for Wi-Fi 6 chip shipments from 2022 to 2027, exceeding 3.8 billion units annually. CEVA's VP commended ESWIN’s rapid product development leveraging CEVA's Wi-Fi IP, which simplifies integration into IC designs. CEVA has shipped over 3 billion Wi-Fi and Bluetooth devices globally, showcasing its strong position in the wireless connectivity market.
CEVA, Inc. (NASDAQ: CEVA) announced the extension of its RivieraWaves™ ultra-wideband (UWB) IP to include UWB-Radar for Child Presence Detection (CPD), enhancing safety in vehicles. This technology aligns with Euro-NCAP specifications, addressing privacy concerns and improving presence sensing capabilities by detecting micro-movements, including breathing rates. CEVA’s UWB Radar solution can be economically integrated into various automotive markets and is projected to support applications beyond CPD, such as gesture control and intruder alerts. ABI Research predicts UWB-enabled chip shipments will exceed 1.4 billion units by 2027.
CEVA, Inc. (NASDAQ: CEVA) will showcase its advanced technologies at embedded world 2023 from March 14-16 in Nuremberg, Germany. Key highlights include:
- Multi-standard IoT connectivity with Auracast audio and Bluetooth 5.3
- AI and computer vision for various applications with over 1200 TOPS of processing
- AI sound processing for diverse devices
- Wireless audio solutions featuring immersive experiences
- Sensor fusion technologies for robotics and smart devices
- 5G communications for Open RAN and massive IoT
For inquiries, contact events@ceva-dsp.com.
CEVA has announced the launch of its 5th generation DSP architecture, the CEVA-XC20, at the Mobile World Congress in Barcelona on February 23, 2023. This new architecture introduces a novel vector multi-threaded compute technology offering up to 2.5X efficiency improvements over its predecessor, targeting demanding 5G-Advanced baseband compute applications including smartphones and cellular infrastructure. The CEVA-XC20 enables enhanced power efficiency and smaller chip designs, supporting sustainable technology goals. The first core, CEVA-XC22, will be available for licensing in the second quarter of 2023, enhancing the performance for essential 5G use cases.
CEVA has announced the appointment of Amir Panush as Chief Executive Officer, effective February 21, 2023. In conjunction with his appointment, the company granted Mr. Panush an inducement award valued at $3.2 million, consisting of 14,541 time-based restricted stock units (RSUs) and performance-based stock units (PSUs). The RSUs will vest over three years, with PSUs tied to various performance criteria. This award follows Mr. Panush's employment agreement from November 2022 and adheres to Nasdaq Listing Rules. Further details will be provided in a future Current Report on Form 8-K.
CEVA announced its financial results for Q4 and the full year of 2022, reporting record revenue of $134.6 million, a 10% increase year-over-year. This growth was driven by record licensing and NRE revenue of $89.3 million (up 23% YoY). In Q4 alone, total revenue was $33.4 million, slightly down 2% from the previous year. Key developments included strategic licensing deals for Ultra-Wideband technology and 3D spatial audio. Despite a decrease in royalty revenue, the total number of CEVA-powered devices sold reached 1.7 billion. The company ended the year with a strong balance sheet, showcasing long-term growth potential.
CEVA, Inc. (NASDAQ: CEVA) will announce its fourth quarter and full year 2022 results on February 15, 2023, before the NASDAQ market opens. Management will hold a conference call at 8:30 a.m. Eastern Time to discuss performance for the quarter. U.S. participants can join by dialing 1-844-435-0316, while international participants should call +1-412-317-6365.
A replay will be available after the call until 9:00 a.m. Eastern Time on February 22, 2023.
CEVA, Inc. announced its audio front end (AFE) software solution is now Alexa Voice Service (AVS) qualified. This solution integrates ClearVox™ far-field noise reduction and WhisPro™ neural network keyword spotting software, enabling seamless integration with AVS-enabled devices like smart speakers and soundbars. The AVS qualification allows CEVA's customers, including semiconductor and OEM companies, to incorporate Alexa functionalities into their products effectively. CEVA offers a range of licensable IP for developing smart SoCs, enhancing the capabilities of consumer and industrial IoT devices.
CEVA, Inc. (NASDAQ: CEVA) announced a partnership with Sino Wealth Electronic Ltd. at CES 2023, where Sino Wealth will integrate CEVA's RivieraWaves Bluetooth Low Energy IP into its SH87F881X MCUs aimed at the Industrial IoT and white goods markets. This collaboration aims to enhance smart home connectivity and expand Sino Wealth's market presence. CEVA's Bluetooth platforms support advanced features like LE Audio and Direction Finding, contributing to the deployment of their technology in over 3 billion devices globally.
FAQ
What is the current stock price of CEVA (CEVA)?
What is the market cap of CEVA (CEVA)?
What does CEVA Inc. specialize in?
Who are CEVA's primary partners?
What technologies does CEVA offer?
How did CEVA perform financially in Q4 2023?
What recent strategic agreements has CEVA signed?
How many CEVA-powered devices were shipped in 2023?
What is CEVA's approach towards innovation?
How does CEVA support its global customer base?
What is CEVA's long-term strategy?
Where can more information about CEVA be found?
