Core Insights - Ceva, Inc. has appointed Amir Faintuch as an independent director on its Board of Directors, expanding the board to eight members, with seven being independent [1][2][3] - Amir Faintuch brings extensive experience from leading semiconductor companies, which is expected to provide valuable insights for Ceva's growth and strategy in the smart edge AI sector [3] Company Overview - Ceva, Inc. specializes in silicon and software IP that enhances the connectivity, sensing, and data inference capabilities of smart edge devices [1][4] - The company offers a broad portfolio of IP solutions, including wireless connectivity technologies (Bluetooth, Wi-Fi, UWB, and 5G), scalable Edge AI NPU IPs, and sensor fusion solutions [4] - Ceva's technologies are integrated into over 18 billion smart edge products, including AI-infused smartwatches, IoT devices, wearables, autonomous vehicles, and 5G mobile networks [4] Leadership and Strategy - Amir Faintuch currently serves as the CEO of Volumez and has held senior positions at GlobalFoundries, Intel, and Qualcomm, contributing to his expertise in technology and business [3] - The addition of Faintuch to the board is seen as a strategic move to enhance leadership and drive the company's next phase of growth in the smart edge AI era [3]

Core Viewpoint - Ceva, Inc. will announce its fourth quarter and full year 2024 results on February 13, 2025, before the NASDAQ market opens, followed by a conference call to discuss the operating performance for the quarter [1] Company Overview - Ceva, Inc. is a leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense, and infer data more reliably and efficiently [1] - The company offers a broad portfolio of IP solutions, including wireless connectivity IPs (Bluetooth, Wi-Fi, UWB, and 5G platform IP), scalable Edge AI NPU IPs, and sensor fusion solutions [4] - Ceva powers over 18 billion smart edge products, including AI-infused smartwatches, IoT devices, wearables, autonomous vehicles, and 5G mobile networks [4] Conference Call Details - The conference call will take place at 8:30 a.m. Eastern Time on February 13, 2025, and will be accessible via dial-in numbers and a live webcast [2][8] - A replay of the conference call will be available for those who cannot access the live broadcast, with specific dialing instructions provided [3] Corporate Responsibility - Ceva emphasizes sustainability and environmental consciousness, adhering to a Code of Business Conduct and Ethics, focusing on environmental preservation, recycling, employee welfare, and privacy [6]

Core Insights - Oritek Semiconductor has licensed Ceva's SensPro Vision AI DSP for its Longquan 560 series of ADAS chipsets, enhancing capabilities in the rapidly growing EV market in China and globally [1][2][3] - The Longquan 560 series aims to meet diverse intelligent automotive needs, including AI-based headlights and camera monitoring systems, while reducing development costs and accelerating time-to-market for automakers [2][3] - The global EV market is experiencing significant growth, with China accounting for over 50% of global EV sales, and battery-powered electric vehicles expected to represent 30% of global vehicle sales by 2027 [4] Company Overview - Ceva, Inc. specializes in silicon and software IP for Smart Edge devices, focusing on wireless communications, sensing, and Edge AI technologies [6][8] - The SensPro Vision AI DSP is designed for multitasking sensor processing, supporting various applications in automotive, robotics, and smart home devices [5] - Ceva's technology powers over 17 billion smart edge products, including AI-infused devices and autonomous vehicles, emphasizing performance at ultra-low power [6][8]

Core Insights - Ceva, Inc. has introduced the Ceva-NeuPro-Nano 32 and 64 MAC NPUs, which are designed for embedded AI workloads, gaining traction in the AIoT and MCU markets with multiple customer wins and an enhanced development studio [1][2][3] Product Features - The Ceva-NeuPro-Nano NPUs provide a unique combination of power, performance, and cost efficiencies, serving as an all-in-one solution for feature extraction, neural network compute, DSP workloads, and control code execution, achieving a Coremark/MHz score of 6.0 [2][3] - The Ceva-NeuPro Studio is an integrated development environment (IDE) that supports multiple open-source AI frameworks, enabling customers to develop, optimize, deploy, and evaluate AI applications on the NPUs [5] Market Position and Achievements - The rapid adoption of Ceva-NeuPro-Nano NPUs reflects the company's commitment to innovation in embedded AI, with significant praise from semiconductor companies for their efficiency and capability to handle complex workloads [3] - Ceva has received two prestigious industry awards: Best IP/Processor of the Year 2024 at the EE Awards Asia and the 2024 IoT Edge Computing Excellence Award, highlighting its leadership in the sector [5] Company Overview - Ceva, Inc. specializes in silicon and software IP for Smart Edge devices, powering over 18 billion smart edge products globally, including AI-infused smartwatches, IoT devices, and autonomous vehicles [4][6]

- Cyberon and AIZIP collaborate with Ceva to offer pre-optimized AI models for Ceva-NeuPro-Nano Embedded AI NPUs including keyword spotting, face recognition and speaker identification - Expanded collaboration with Edge Impulse includes support for NVIDIA's TAO Toolkit and availability of Edge Impulse Studio integration with Ceva-NeuPro-Nano LAS VEGAS, Jan. 7, 2025 /PRNewswire/ -- CES 2025 -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that enables Smart Edge devices to connec ...

-Companies partner to bring Ceva-RealSpace Elevate multi-channel spatial audio solution with head tracking to the MediaTek Dimensity 9400 flagship 5G smartphone chip, delivering immersive audio experiences to True Wireless Stereo (TWS) earbuds and headphones using Bluetooth® LE Audio-At CES 2025, Ceva will demonstrate the groundbreaking spatial audio solution, creating a true-to-life listening experience beyond traditional stereo and surround sound systemsLAS VEGAS, Jan. 6, 2025 /PRNewswire/ -- Ceva, Inc. ( ...

Bestechnic integrates market leading Ceva-Waves Wi-Fi 6 IP together with Ceva-Waves Bluetooth Dual Mode IP in low power silicon products targeting smart wearables, smart home and smart audio applications LAS VEGAS, Jan. 6, 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 that Bestechnic, a global leader in the design and development of wireless ultra- ...

- Extending its Smart Edge IP leadership, Ceva-NeuPro-Nano™ received the Best IP/Processor of the year - Ceva-NeuPro-Nano NPUs deliver optimal balance of ultra-low power and best performance in small area to efficiently execute embedded AI workloads in consumer, industrial and general-purpose AIoT products ROCKVILLE, Md., Dec. 5, 2024 /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 e ...

Financial Performance - Total revenues for the nine months ended September 30, 2024, were $77,716,000, an increase of 6.0% compared to $73,257,000 for the same period in 2023[13]. - Gross profit for the nine months ended September 30, 2024, was $68,319,000, up from $63,868,000, reflecting a gross margin improvement[13]. - Operating loss decreased to $(7,619,000) for the nine months ended September 30, 2024, compared to $(10,680,000) for the same period in 2023, indicating improved operational efficiency[13]. - Net loss from continuing operations for the nine months ended September 30, 2024, was $(7,050,000), a significant reduction from $(10,339,000) in the prior year[15]. - Total revenues for the nine months ended September 30, 2024, reached $77.716 billion, a 6.5% increase from $73.257 billion for the same period in 2023[62]. - Revenue from the United States for the nine months ended September 30, 2024, was $12.022 billion, up from $5.668 billion in the previous year, reflecting a significant growth[62]. - Revenue from Asia Pacific for the nine months ended September 30, 2024, was $54.037 billion, a decrease of 4.4% compared to $56.551 billion in the same period of 2023[62]. - Basic and diluted net loss per share from continuing operations was $(0.30) for the nine months ended September 30, 2024, compared to $(0.44) in the prior year, indicating a narrowing loss per share[13]. Assets and Equity - Total current assets as of September 30, 2024, were $210,712,000, compared to $209,371,000 as of December 31, 2023, indicating a slight increase[10]. - Total stockholders' equity rose to $265,770,000 as of September 30, 2024, compared to $264,341,000 at the end of 2023[12]. - The company’s total stockholders' equity as of September 30, 2024, was $265,770,000, reflecting a stable financial position[16]. - Total stockholders' equity as of September 30, 2023, was $256,700,000, a decrease from $258,871,000 as of January 1, 2023[17]. Cash Flow and Investments - Cash and cash equivalents decreased from $23,287,000 at December 31, 2023, to $13,228,000 at September 30, 2024[10]. - Cash used in operating activities for the first nine months of 2024 was $4.6 million, consisting of a net loss of $7.0 million and adjustments for non-cash items of $13.6 million[147]. - As of September 30, 2024, the company had approximately $158.1 million in cash, cash equivalents, bank deposits, and marketable securities, down from $166.5 million at December 31, 2023[143]. - The company invested $41.3 million in marketable securities during the first nine months of 2024, while selling or redeeming marketable securities for $34.4 million[145]. - Unrealized losses associated with the company's investment portfolio were approximately $1.1 million as of September 30, 2024, due to changes in the interest rate environment[159]. Research and Development - Research and development expenses for the nine months ended September 30, 2024, were $54,739,000, slightly up from $54,544,000 in the same period last year, indicating continued investment in innovation[13]. - The number of research and development personnel increased to 326 as of September 30, 2024, from 322 a year earlier[125]. Market Position and Growth - The company expects the overall addressable market size for IoT devices to exceed 15 billion annually by 2027, driven by trends in 5G and AI technologies[5]. - The company is well-positioned for long-term growth in shipments and royalty revenues from smart edge products across consumer, automotive, industrial, and infrastructure markets[6]. - The company anticipates year-over-year revenue growth in 2024, with a significant portion of future revenues expected from a limited number of customers[6]. - The company is a leader in innovative silicon and software IP solutions, powering over 18 billion smart edge products globally[22]. Customer and Revenue Diversification - Major customers represented 13% of total revenues for Customer A in the nine months ended September 30, 2024, compared to 10% in the same period of 2023[65]. - The five largest customers accounted for 48% of total revenues in Q3 2024, down from 53% in Q3 2023, indicating a diversification in the customer base[114]. Stock and Compensation - The company granted 10,600 stock options during the nine months ended September 30, 2024, with a weighted average exercise price of $19.61[70]. - The company expects to recognize $257,000 of unrecognized compensation expense related to unvested stock options over a weighted-average period of 2.1 years[70]. - Total equity-based compensation expense from continuing operations for the nine months ended September 30, 2024, was $11,679,000, compared to $11,431,000 for the same period in 2023[77]. Share Repurchase Program - The company repurchased 186,301 shares of common stock at an average price of $22.44 per share for a total of $4,180,000 during the three months ended September 30, 2024[90]. - The total number of shares repurchased in the nine months ended September 30, 2024, was 343,604 at an average price of $21.70 per share, totaling $7,456,000[90]. - The company authorized an expansion of the share repurchase program by an additional 700,000 shares, increasing the total available for repurchase to approximately 1,056,000 shares[92]. Strategic Initiatives - In Q3 2024, the company signed ten IP licensing deals across various wireless and smart sensing applications[100]. - The company signed three new deals for 5G and 5G-Advanced use cases in Q3 2024, indicating strong demand for its 5G IPs[102]. - The company achieved a shipment milestone with over 400 million units for its wireless connectivity IPs in Q3 2024[101].

CEVA, Inc. (NASDAQ:CEVA) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Richard Kingston - Vice President-Market Intelligence, Investor & Public Relations Amir Panush - Chief Executive Officer Yaniv Arieli - Chief Financial Officer Conference Call Participants Kevin Cassidy - Rosenblatt Securities Chris Reimer - Barclays Gus Richard - Northland Martin Yang - Oppenheimer Warren Darilek - D.A. Davidson Operator Good day, and welcome to the Ceva Inc. Third Quarter 2024 Earnin ...