CEVA (CEVA) FY Conference May 14, 2025 04:20 PM ET Speaker0 Right. Hi, everyone. I'm Anand Agarwal with JPMorgan. I'm joined here today by Amir Panouche, CEO of CEVA. Thank you for joining us today. We have thirty minutes together. We'll leave the last five minutes for for some q and a. But maybe to get things started, Amir, if you want to give the audience here a brief overview on CEVA and for for folks that are hearing about the company for the first time and who who don't kind of know the evolution in th ...

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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended: March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number: 000-49842 Ceva, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of In ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $24.2 million, representing a 10% increase year over year from $22.2 million in Q1 2024 [13] - Licensing revenue increased by 32% to $15 million, accounting for 62% of total revenues, compared to $11.4 million in Q1 2024 [13] - Royalty revenue decreased by 14% to $9.2 million, reflecting 38% of total revenue, down from $10.7 million in the same quarter last year [14] - GAAP net loss for Q1 2025 was $3.3 million, with a diluted loss per share of $0.14, compared to a net loss of $5.4 million and a diluted loss per share of $0.23 in Q1 2024 [17] Business Line Data and Key Metrics Changes - Royalty revenue from WiFi increased by 183% year over year, driven by a 12% increase in unit shipments, particularly in the consumer and industrial IoT markets [10][19] - Shipments of Bluetooth units were 233 million, up 15% from 202 million in Q1 2024 [18] - Cellular IoT shipments increased by 31% year over year to 48 million units [18] Market Data and Key Metrics Changes - Shipments in the consumer IoT market rose by 19% to 337 million units, while industrial IoT shipments increased by 26% to 30 million units [18] - The overall market for low-cost smartphones experienced a slowdown, impacting royalty revenue expectations [19] Company Strategy and Development Direction - The company aims to continue innovating for customers, deepen technology leadership, and build a strong future royalty stream while managing expenses [12] - The focus remains on expanding market share in wireless communication IP and diversifying the royalty customer base [2][12] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious outlook for the remainder of the year, lowering 2025 revenue guidance from a high single-digit range to a low single-digit range for growth over 2024 [21] - The company anticipates sequential growth in royalties due to seasonality and the expansion of CEVA-powered 5G smartphone modems [20] Other Important Information - The company reported a cash balance of approximately $158 million as of March 2025 [19] - Total gross operating expenses for Q1 were at the low end of guidance at $25.1 million [14] Q&A Session Summary Question: Can you clarify the significance of the AI NPU ADAS win? - The design win is with a tier one supplier that has secured OEM customers, indicating potential for multiple platforms [26] Question: Is there an increase in ASPs with WiFi 7? - The transition from WiFi 6 to WiFi 7 is expected to bring a significant uplift in ASPs, similar to the previous transition [28] Question: What is the competitive environment around the ADAS win? - The competitive landscape includes a shift towards advanced models using vision transformers, with CEVA's technology excelling in power efficiency and low latency [34][35] Question: What caused the softness in the low-end smartphone market? - The slowdown was attributed to supply chain issues and is expected to recover as customers ramp up production [41][42] Question: How is the licensing pipeline looking? - The licensing pipeline remains strong, with no significant postponements in deals despite macroeconomic concerns [46][76] Question: Are there any impacts from tariffs on licensing? - There is no direct impact from tariffs, but customers are exhibiting cautious behavior due to uncertainty in the market [75][76] Question: How are WiFi royalty units tracking? - WiFi royalty units are ramping up successfully, with many customers integrating technology into production [78]

Exhibit 99.1 Ceva, Inc. Announces First Quarter 2025 Financial Results ROCKVILLE, MD., May 7, 2025 – Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense and infer data more reliably and efficiently, today announced its financial results for the first quarter ended March 31, 2025. Total revenue for the first quarter of 2025 was $24.2 million, compared to $22.1 million reported for the first quarter of 2024. Licensing and related revenue ...

ROCKVILLE, Md., May 7, 2025 /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense and infer data more reliably and efficiently, today announced its financial results for the first quarter ended March 31, 2025. Ceva, Inc. reported Q1 2025 revenue of $24.2 million, up 10% year-over-year and non-GAAP diluted EPS of $0.06, up from ($0.05) a year ago. 11 license agreements were concluded in the quarter, including a Wi-Fi 7 dea ...

Financial Data and Key Metrics Changes - The company reported a quorum of 18,860,260 shares present, representing a significant level of shareholder engagement [7] - The election of directors received overwhelming support, with at least 99% of shares voting in favor of the motions [13][14] Business Line Data and Key Metrics Changes - The meeting included discussions on the approval of amendments to employee stock purchase and equity incentive plans, indicating ongoing adjustments to employee compensation structures [15][22] Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting [0] Company Strategy and Development Direction and Industry Competition - The company is focused on maintaining strong governance through the election of directors and the approval of compensation plans, which reflects a commitment to aligning management interests with shareholder value [10][26] Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting [0] Other Important Information - The company ratified the selection of Ernst and Young Global as independent auditors for the fiscal year ending December 31, 2025, which is a standard practice to ensure financial oversight [30] Q&A Session Summary Question: Were there any discussions on the company's future strategies? - There were no specific discussions or questions regarding future strategies during the meeting [0] Question: What was the outcome of the director elections? - The elections resulted in all nominated directors being approved with significant majority votes, indicating strong shareholder support [13][14] Question: Were there any concerns raised by shareholders? - No concerns were raised during the meeting, and all motions passed with overwhelming support [0]

Core Insights - The upcoming Bluetooth® release will introduce the Unified Test Protocol (UTP) Test Mode for Bluetooth® Low Energy, enabling over-the-air (OTA) controlled device testing, which simplifies testing for small and highly integrated devices [1][2][3] Group 1: Test Solution Development - Rohde & Schwarz and Ceva have developed the world's first test solution for the Bluetooth® OTA UTP Test Mode, which will be showcased at Embedded World 2025 [2][8] - The test solution utilizes Ceva-Waves Bluetooth® Low Energy IP and operates on the R&S CMW radio communication tester platform [2][4] Group 2: Advantages of UTP Test Mode - The UTP Test Mode allows for testing without a direct wired connection, which is particularly beneficial for encapsulated devices that cannot accommodate a control cable [3][6] - This mode unifies all Bluetooth® Low Energy and Bluetooth® Classic radio measurements, allowing them to be performed with a single test setup over the air [6][7] Group 3: Industry Impact - The introduction of the UTP Test Mode is seen as a significant advancement for testing next-generation consumer Bluetooth® products, enhancing ease of testing for manufacturers [5][7] - Rohde & Schwarz's R&S CMW platform is recognized as a standard in the industry, and the new test mode aligns with specifications from the Bluetooth® Core Specification Working Group [7][9] Group 4: Company Background - Rohde & Schwarz generated a net revenue of EUR 2.93 billion in the 2023/2024 fiscal year and employs over 14,400 people globally [9] - Ceva powers over 19 billion smart edge products, focusing on wireless connectivity and Edge AI technologies [11][12]

Core Insights - Ceva, in collaboration with Arm and SynaXG, has developed a customized 5G-Advanced solution that significantly enhances energy efficiency for 5G NR processing in wireless networks and satellites, achieving 10X better efficiency than traditional solutions and 20X more than FPGA-based alternatives [1][2][3] Company and Industry Overview - The new solution leverages Arm Neoverse N2 CPUs and Ceva's PentaG-RAN platform, integrating SynaXG's carrier-grade RAN software to redefine power efficiency for 5G infrastructure applications [2][4] - This collaboration aims to provide a low-risk pathway for existing and new players in the wireless infrastructure market to transition towards 5G-Advanced and eventually 6G [1][3] - The PentaG-RAN platform offers a complete L1 PHY solution with optimal hardware/software partitioning, delivering up to 20X savings in power and area compared to FPGA and COTS CPU alternatives [5] - The solution is designed to support both mmWave and sub-6-GHz networks, making it versatile for various 5G-Advanced system developments [5] - Ceva's technology portfolio includes a wide range of wireless communication IPs and Edge AI solutions, powering over 19 billion smart edge products globally [6]

Core Insights - Ceva, Inc. has announced the development of the ASUKA System-on-Chip (SoC) for Beyond 5G (6G) IoT terminals in collaboration with Sharp Semiconductor Innovation Corporation, utilizing the Ceva-PentaG2 5G platform IP [1][2][3] - The ASUKA SoC aims to provide a customizable alternative to traditional 5G SoCs, promoting accessibility and flexibility in cellular IoT communications [2][3] - The Ceva-PentaG2 platform is designed for lower-throughput applications, integrating advanced DSPs and accelerators for optimal signal processing while maintaining minimal power consumption [4] Company Overview - Ceva, Inc. specializes in silicon and software IP for Smart Edge devices, powering over 19 billion innovative products globally, including AI-infused smartwatches and autonomous vehicles [5][6] - The company focuses on delivering high-performance, low-power solutions that enable reliable data connectivity and processing [5] - Ceva's headquarters is located in Rockville, Maryland, with a global customer base supported by a team of experts in various design challenges [6]