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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 has announced that its RivieraWaves Bluetooth 5.3 IP family now supports the new Auracast broadcast audio standard. This innovative technology enables a single audio source to stream to multiple devices simultaneously, enhancing shared audio experiences. According to Bluetooth SIG, the Bluetooth audio streaming device market is forecasted to grow at a 7% CAGR, reaching 1.8 billion shipments by 2026. Tal Shalev, VP at CEVA, emphasized their role in advancing Bluetooth technology, with potential applications spanning public spaces and personalized audio sharing.
CEVA, Inc. reported record total revenue of $34.4 million for Q1 2022, marking a 35% year-over-year increase. Licensing and NRE revenue surged 56% to $22.4 million. GAAP operating income improved to $0.5 million from a loss of $1.3 million in Q1 2021. Non-GAAP operating income doubled to $5.5 million. The company shipped 531 million CEVA-powered units, despite challenges from China’s COVID lockdowns. Cash and equivalents stood at approximately $162 million.
CEVA, Inc. (NASDAQ: CEVA) will announce its first quarter 2022 results on May 10, 2022, before the NASDAQ market opens. Following the earnings release, CEVA management will host a conference call at 8:30 a.m. Eastern Time to discuss the company's operating performance. Participants can dial in using the provided numbers or access a live webcast via CEVA's website. A replay of the call will be available until May 17, 2022. CEVA specializes in wireless connectivity and smart sensing technologies, providing integrated solutions for various industries.
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CEVA, Inc. (NASDAQ: CEVA) announced it has shipped over 100 million cellular IoT chips since 2020, highlighting rapid adoption in wearables and industrial devices. The milestone aligns with Ericsson's forecast predicting cellular IoT connections will soar from 2.4 billion in 2022 to 5.5 billion by 2027, at a CAGR of 18%. CEVA's solutions, including the CEVA-Dragonfly NB2 platform, facilitate entry into the growing market, enhancing the development of IoT applications. The company aims to leverage its technology as 5G networks expand globally, fueling further growth in IoT device connectivity.
CEVA, Inc. (NASDAQ: CEVA) announced the launch of the RivieraWaves Wi-Fi 6 Access Point IP, expanding its Wi-Fi 6 product line to meet the growing demand for high-speed connectivity across smart home, industrial, and IoT sectors. The new IP features advanced capabilities aligned with IEEE 802.11ax standards, supporting up to 2401Mbps throughput and enabling optimal performance in device-dense environments. CEVA anticipates strong market interest, with multiple license agreements already in place. The RivieraWaves Wi-Fi 6 Access Point IP is now available for licensing.
CEVA, Inc. (NASDAQ: CEVA) unveiled its PentaG2™, a second generation 5G platform aimed at enhancing mobile broadband and IoT usage models while reducing entry barriers for 5G modem design by handset OEMs. The platform achieves a 4X improvement in power efficiency compared to its predecessor and targets various applications including industrial and automotive markets. Initial configurations include PentaG2-Max for high-performance use cases and PentaG2-Lite for reduced capacity scenarios, offering flexible integration with proprietary algorithms.
CEVA will participate in the 34th Annual ROTH Conference from March 13-15, 2022, at the Ritz Carlton, Laguna Beach, Dana Point, California. The company is a leader in licensing wireless connectivity and smart sensing technologies, providing integrated IP solutions for various industries, including mobile, automotive, and IoT. Interested parties can arrange 1-on-1 meetings via email. CEVA is committed to social responsibility and environmental preservation, emphasizing employee welfare and corporate ethics.
CEVA, Inc. (NASDAQ: CEVA) reported record fourth-quarter 2021 revenue of $34.1 million, marking a 21% increase from Q4 2020. Licensing and related revenue surged 77% to $21.3 million, while royalty revenue decreased 21% to $12.7 million. Total revenue for 2021 rose 22% to $122.7 million. Non-GAAP net income for Q4 was $5.3 million with EPS of $0.22, up 10% year-over-year. CEVA attributed growth to increased IP licensing agreements, despite a decline in 4G smartphone royalties. The company reported a strong balance sheet with approximately $155 million in cash and no debt.
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