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DSP Group, Inc. (NASDAQ: DSPG) has appointed Shira Fayans Birenbaum to its Board of Directors, effective April 12, 2021. She replaces Gabi Seligsohn, who is stepping down to focus on his new role as executive chairman at an energy storage company. Fayans Birenbaum brings extensive experience from her previous roles at Microsoft Israel and other high-profile companies. Her background in sales, marketing, and strategic planning is expected to enhance DSP Group's direction and growth opportunities.
DSP Group (NASDAQ: DSPG) announced the opening of an audio innovation lab in Straubing, Germany, staffed by industry experts with over 20 years of experience. The lab will focus on enhancing audio signal processing and AI technologies, particularly for automotive applications. This move aims to improve active noise cancellation and voice user interfaces in vehicles, contributing to a better driving experience. The team has a proven track record with over 200 patents in audio processing, positioning DSP Group for expansion into new markets.
DSP Group, a global provider of wireless chipset solutions, will participate in the 33rd Annual Virtual ROTH Conference from March 15-17, 2021. Investors can engage in one-on-one meetings with management by contacting the Investor Relations team. A webcast of the conference presentation will be accessible on the company's website.
Founded in 1987, DSP Group specializes in voice, audio, video, and data connectivity solutions for smart devices, driving innovation in voice-controlled technologies.
DSP Group reported fourth-quarter revenues of $31.9 million, a 9% increase year-over-year (YoY), surpassing guidance. The company's non-GAAP gross margins reached a record 51.9%. However, revenue from the IoAT segment fell 8% to $18.1 million, and Unified Communications revenue decreased by 17% to $8.2 million. The full-year revenue was $114.5 million, down 3% from 2019. GAAP loss per share was ($0.29), worse than the prior year's ($0.05). Cash generated from operations was $14.6 million, up from $10.5 million in 2019.
DSP Group Inc. (NASDAQ:DSPG) will release its earnings results for Q4 and full year 2020 on February 4, 2021, before market opens. A conference call is scheduled for 8:30 AM ET, where management will discuss the results and answer questions. Investors can access the call via phone or through a live webcast available on DSP Group’s website. The call will also be available for replay afterward. Established in 1987, DSP Group specializes in wireless chipsets for smart-enabled devices, investing in advanced voice processing technologies to meet growing demands.
DSP Group, Inc. (NASDAQ: DSPG) announced the launch of DBM10, a low-power AI and ML system on chip (SoC) designed for mobile and IoT applications. The SoC integrates a digital signal processor and nNetLite neural network processor, optimized for battery-operated devices. It supports quick deployment of voice and sensory algorithms, enhancing time-to-market for developers. The DBM10 builds on the successful SmartVoice line, which has shipped over 100 million units, with features like low power consumption and support for common AI frameworks, facilitating innovative product development.
DSP Group, Inc. (NASDAQ: DSPG), a top provider of wireless chipsets for smart-enabled devices, announced its participation in the Needham Growth Conference 2021. Management will present on January 12, 2021, at 12:30 PM. Investors can schedule one-on-one meetings with management by contacting the Investor Relations team at ir@dspg.com. A webcast of the presentation will be available on the company’s investor relations website.
DSP Group, Inc. (NASDAQ: DSPG) announced the mass production of tablets featuring its DBMD5 SmartVoice SoC and HDClear algorithms in collaboration with Lightcomm Technology. These tablets offer always-on voice control, enhancing user experience amid the growing demand for remote work and learning. The SmartVoice technology, known for its low power consumption and high-performance voice processing capabilities, has reached a significant milestone with the shipment of its 100 millionth SoC. This partnership is expected to optimize the interaction between users and their devices, providing reliable voice command functionalities.
DSP Group, a leader in wireless chipset solutions, will participate in the Roth Technology Virtual Conference on November 11, 2020. Investors can schedule one-on-one meetings with management by contacting the Investor Relations team. Moreover, the management will join a panel discussion on IoT 'Touchless' Voice in COVID Era at 10:00 AM ET on the same day. A webcast of their presentation will be available on their investor relations website.
For more details, contact Shiri Weiss Ovadia at Shiri.Weiss@dspg.com.
DSP Group reported Q3 2020 revenues of $26.0 million, down 16% from Q3 2019, primarily affected by a 74% drop in Unified Communications revenues. IoAT revenues decreased by 28%, while SmartVoice saw a 45% increase. Despite a GAAP loss per share of $0.08, non-GAAP earnings per share were $0.05. Cash used in operations was $2.9 million, contrasting with cash generation in the prior year. The company highlights strategic growth in audio and voice technologies, anticipating a recovery in demand, particularly in hybrid working models.
