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]

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- ...

-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. ( ...

- 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 ...

Exhibit 99.1 Ceva, Inc. Announces Third Quarter 2024 Financial Results ● Total revenue of $27.2 million, up 13% year-over-year ● Ceva-powered device shipments of 522 million units in the quarter, driven by a record of more than 400 million Bluetooth, Wi-Fi and cellular IoT combined shipments ● Strategic licensing deals signed with satellite OEM for 5G-Advanced platform and smartphone OEM for Spatial Audio software ● First licensing deal signed for NeuPro-Nano embedded AI NPU targeting consumer AIoT ● Raises ...

- Total revenue of $27.2 million, up 13% year-over-year - Ceva-powered device shipments of 522 million units in the quarter, driven by a record of more than 400 million Bluetooth, Wi-Fi and cellular IoT combined shipments - Strategic licensing deals signed with satellite OEM for 5G-Advanced platform and smartphone OEM for Spatial Audio software - First licensing deal signed for NeuPro-Nano embedded AI NPU targeting consumer AIoT - Raises financial guidance for full year 2024 - Announces expansion of existin ...

ROCKVILLE, Md., Nov. 7, 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 efficiently, today announced that its Board of Directors authorized the expansion of the company's share repurchase program with an additional 700,000 shares of common stock available for repurchase. As of September 30, 2024, Ceva had approximately 356,000 shares of common stock available for repurchase unde ...

Core Insights - Ceva, Inc. and Edge Impulse have announced a collaboration to enhance the Ceva-NeuPro-Nano NPUs with support for the Edge Impulse Platform, enabling faster development and deployment of embedded ML applications pre-silicon [1][2][3] Group 1: Partnership and Collaboration - The collaboration allows AI developers to train, optimize, and deploy embedded ML models on the Ceva-NeuPro-Nano NPU IP before physical hardware is available, significantly accelerating time-to-market for AIoT devices [1][2] - This partnership is the first of its kind focused on NPU IP, ensuring accurate benchmarking and performance refinement of edge AI models [1][3] Group 2: Product Features and Benefits - The Ceva-NeuPro-Nano NPU IP is designed for embedded ML applications, offering a balance of ultra-low power consumption and high performance in a compact form factor, suitable for various AIoT product categories [2][3] - Edge Impulse Platform complements the NeuPro-Nano hardware by providing 'no code' AI tools, simplifying the deployment and benchmarking of embedded ML applications [2][3] Group 3: Market Demand and Future Outlook - There is a growing demand for on-device AI across multiple industries, necessitating efficient and cost-effective solutions for integrating embedded ML applications into products [3] - The combination of Edge Impulse Platform and NeuPro-Nano is positioned as a winning solution for AI developers, facilitating rapid design and deployment of silicon-optimized AI applications [3]