Revenue Growth - Total revenue for Q4 2024 was $29.2 million, a 21% increase year-over-year from $24.2 million in Q4 2023[7] - Total revenue for the full year 2024 was $106.9 million, an increase of 10% compared to $97.4 million in 2023[13] - Royalty revenue for Q4 2024 was $13.5 million, up 9% year-over-year, marking the fifth consecutive quarter of royalty revenue growth[5] - Royalty revenue for the full year 2024 was $46.9 million, an 18% increase from $39.9 million in 2023[13] - The company anticipates continued growth in licensing and royalties, with total revenues expected to exceed $110 million for the full year 2025[36] Unit Shipments - A record 623 million Ceva-powered units were shipped in Q4 2024, representing a 38% increase year-over-year[5] - A total of 2 billion Ceva-powered smart edge devices were shipped in 2024, including record shipments of 1.1 billion Bluetooth devices[14] Earnings and Profitability - Non-GAAP diluted earnings per share for Q4 2024 were $0.11, compared to $0.10 in Q4 2023, reflecting a year-over-year increase[11] - Operating income for Q4 2024 was $74, a significant improvement from a loss of $2.8 million in Q4 2023[39] - Net loss from continuing operations for Q4 2024 was $1.7 million, compared to a loss of $8.1 million in Q4 2023[36] - Non-GAAP net income for Q4 2024 was $2.7 million, up from $2.4 million in Q4 2023[38] - GAAP net loss for 2024 was $8.8 million, a reduction from a net loss of $18.4 million in 2023[15] Expenses - Research and development expenses for Q4 2024 totaled $16.9 million, a decrease from $18.1 million in Q4 2023[36] - Equity-based compensation expenses included in total operating expenses were $3.9 million for Q4 2024, compared to $4.1 million in Q4 2023[39] Financial Position - Total assets increased to $308,948 million in 2024 from $304,085 million in 2023, representing a growth of 1.9%[41] - Current assets rose to $216,341 million in 2024, up from $209,371 million in 2023, an increase of 3.4%[41] - Trade receivables, net, significantly increased to $15,969 million in 2024, compared to $8,433 million in 2023, marking an increase of 89.5%[41] - Total current liabilities increased to $30,529 million in 2024, up from $26,887 million in 2023, reflecting a rise of 13.1%[41] - Total liabilities grew to $42,392 million in 2024, compared to $39,744 million in 2023, an increase of 6.6%[41] - Stockholders' equity increased to $266,556 million in 2024 from $264,341 million in 2023, a growth of 0.8%[41] - Retained earnings decreased to $11,193 million in 2024, down from $20,167 million in 2023, a decline of 44.6%[41] - Additional paid-in capital rose to $259,891 million in 2024, compared to $252,100 million in 2023, an increase of 3.1%[41] - Cash and cash equivalents decreased to $18,498 million in 2024 from $23,287 million in 2023, a decline of 20.5%[41] - Treasury stock improved to $(3,222) million in 2024 from $(5,620) million in 2023, indicating a reduction in treasury stock by 42.5%[41] Licensing and Market Strategy - In 2024, Ceva concluded 43 licensing deals, including 11 with OEMs and 9 with first-time customers[14] - The company is focusing on expanding its market presence and investing in new product development to drive future growth[36]

Core Insights - Ceva, Inc. has announced that WUQI Microelectronics has licensed its Ceva-Waves Wi-Fi 6 High-Performance STA IP platform for the WQ9201 Wi-Fi/Bluetooth combo chip, targeting consumer electronics like smartphones and tablets [1][3] - The WQ9201 chip has received the 2024 "China Core" Excellent Technology Innovation Product Award, highlighting its industry recognition [1] - The Ceva-Waves Wi-Fi 6 IP provides WUQI with a compact and low-power hardware modem and MAC accelerator, enabling high throughput and stable wireless transmission [2][3] Company Overview - Ceva, Inc. specializes in silicon and software IP for smart edge devices, focusing on wireless connectivity, sensing, and Edge AI technologies [6][7] - WUQI Microelectronics is a fabless semiconductor company that designs connectivity and edge AI chips, with a product portfolio that includes SoCs for Wi-Fi and Bluetooth [5][6] - Both companies aim to enhance wireless connectivity in consumer electronics, with Ceva's technology enabling WUQI to deliver a competitive Wi-Fi 6 solution [3][4]

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]

- 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 ...

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 ...