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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) will announce its third quarter 2022 results on November 9, 2022, before the NASDAQ market opens. A conference call will follow at 8:30 a.m. ET to discuss the quarterly performance. Interested parties can participate by dial-in or by accessing the live webcast. Replay options will be available after the call. CEVA specializes in wireless connectivity and smart sensing technologies, providing solutions for various sectors including mobile, automotive, and IoT.
CEVA has launched PentaG-RAN™, a unique 5G baseband platform IP for ASICs, aimed at enhancing cellular infrastructure including base stations and radios. This platform addresses the growing 5G Open RAN market, offering up to 10X power and area savings over existing solutions. CEVA's co-creation services will assist clients in developing PHY subsystems and complete chip designs. According to ABI Research, shipments of related 5G equipment are predicted to rise at a CAGR of 17% through 2027. PentaG-RAN becomes available for licensing in Q4 2022.
CEVA, a leading provider of wireless connectivity and smart sensing technologies, reported total revenue of $33.2 million for Q2 2022, marking a 9% increase year-over-year. Licensing and NRE revenue surged 42% to $22.1 million, while royalty revenue dropped 26% to $11.1 million. The company signed twenty-two new agreements during the quarter, reflecting strong demand, especially in the IoT sector. However, CEVA faced a GAAP net loss of $1.1 million and a diluted loss per share of $0.05. Cash and equivalents stood at approximately $146 million.
CEVA, Inc. (NASDAQ: CEVA) has scheduled to announce its second quarter 2022 earnings on August 10, 2022, before the NASDAQ market opens. Following the earnings release, CEVA management will hold a conference call at 8:30 a.m. ET to discuss the quarter's operating performance. U.S. participants can dial 1-844-435-0316, while international attendees should call +1-412-317-6365. A live webcast will also be available. For those unable to attend live, a replay will be accessible until August 17, 2022.
Flex Logix Technologies and CEVA have announced a significant advancement in reconfigurable computing with the successful silicon implementation of Flex Logix's EFLX eFPGA integrated with the CEVA-X2 DSP. This achievement, known as SOC2, was produced using TSMC's 16 nm technology, allowing for adaptable instruction sets aimed at meeting various processing workloads. The collaboration highlights the capabilities of the CEVA-X2 in versatile applications, including AI processing and 5G, with EFLX eFPGA enhancing performance and flexibility for future needs.
CEVA has enhanced its RivieraWaves UWB platform with the RW-UWB-CCC MAC software to support the Car Connectivity Consortium's Digital Key 3.0 standard, now in collaboration with a major automotive semiconductor company. This technology enables secure, location-aware access for vehicles, with predictions that 25% of vehicles will feature UWB by 2025. The solution promotes rapid development of automotive keyless entry systems, focusing on security and battery efficiency.
CEVA, Inc. (NASDAQ: CEVA) has launched the FSP201, an advanced low-power sensor hub MCU designed for precise motion tracking and orientation detection. This product enhances the company's sensor fusion portfolio, targeting consumer robotics, XR glasses, and 3D audio applications. The FSP201 integrates MotionEngine sensor software, supporting rapid product development while ensuring supply chain flexibility with pre-qualified IMU sensors. This launch addresses current supply chain challenges and is aimed at meeting the growing demand in the metaverse and IoT sectors.
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