Visionary.ai neural network software ISP for enhanced camera applications and ENOT.ai neural network optimization tools and AI assistance now available for Ceva's NeuPro-M NPU LAS VEGAS, Jan. 8, 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 it has expanded the AI ecosystem for its class-leading NeuPro-M NPU IP with the addition of two new par ...

Financial Data and Key Metrics Changes - Revenue for Q3 2023 was $24.1 million, down from $30 million in the same quarter last year, with licensing revenue at $13.9 million and royalty revenue at $10.1 million [18][21] - GAAP net loss for continuing operations was $2.7 million, compared to a net loss of $22.3 million in Q3 2022, with diluted EPS of $0.21 for Q3 2023 [21] - Non-GAAP operating income was $1.6 million, down from $7.3 million in the same period last year [20][21] Business Line Data and Key Metrics Changes - Licensing and related revenue accounted for 58% of total revenues, reflecting a 3% sequential increase [18] - Royalty revenue represented 42% of total revenues, marking the second sequential increase in royalties [19] - CEVA shipped 500 million units in Q3 2023, a 35% sequential increase and a 40% year-over-year increase [22] Market Data and Key Metrics Changes - Bluetooth shipments reached 313 million units, up from 210 million units in the previous quarter, driven by strong consumer demand [23] - Cellular IoT shipments hit an all-time high of over 35 million units, reflecting a maturing market [23] - Wireless infrastructure showed softness, with main customers reporting weaker-than-anticipated 5G network builds [15] Company Strategy and Development Direction - The company divested the Intrinsix business to focus on core strengths in wireless communications, edge AI, and sensing software IP [7][9] - CEVA aims to reinforce its leadership position as the world's number one supplier of wireless communication IP and pursue opportunities in edge AI [9][16] - The company plans to increase its share repurchase program by an additional 700,000 shares to enhance shareholder value [16][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in consumer demand and the strength of the licensing pipeline [15][26] - The company anticipates that the divestment of Intrinsix will lead to improved gross margins and a focus on high-volume IP licensing [8][26] - Future growth is expected to be driven by demand for WiFi 7 and continued strength in Bluetooth and cellular IoT markets [12][27] Other Important Information - The company established a corporate strategy function and appointed a Chief Strategy Officer to drive long-term growth [16] - CEVA's cash equivalent balances were approximately $132 million at the end of Q3 2023 [24] - The company reported a significant increase in shipments of smart edge devices and audio technologies [15] Q&A Session Summary Question: Why is CEVA outperforming in a tough IoT market? - Management attributed the performance to a larger customer base and competitive positioning, allowing for increased volume despite market challenges [31] Question: How are US sanctions affecting licensing deals in China? - Management indicated that sanctions have not significantly impacted their licensing activities in China, as their focus is on consumer markets [32][34] Question: What benefits are expected from the sale of Intrinsix? - The sale is expected to improve gross margins and allow for a more focused IP business model, enhancing overall profitability [35][37] Question: What are the drivers for revenue growth in 2024? - Key drivers include strong leadership in wireless communication, increased demand for UWB and 5G IoT technologies, and new edge AI products [44][45] Question: What is the outlook for wireless infrastructure in 2024? - Management noted that while the market is currently soft, there is potential for growth as demand for 5G continues to evolve [56][58] Question: What is the status of licensing activity in China? - Demand in China has stabilized, with customers seeking next-generation technologies, indicating potential for growth in 2024 [52][53]

Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.001 per share CEVA The NASDAQ Stock Market LLC 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: September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition pe ...

CEVA, Inc. (NASDAQ:CEVA) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Richard Kingston - Vice President of Market Intelligence & Investor Relations Amir Panush - Chief Executive Officer Yaniv Arieli - Chief Financial Officer Conference Call Participants Matt Ramsay - TD Cowen Kevin Cassidy - Rosenblatt Securities Chris Reimer - Barclays Operator Good day, and welcome to the CEVA Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, today's even ...

Revenue Performance - Total revenues for Q2 2023 were $26.2 million, a decrease of 21% compared to Q2 2022, and $54.9 million for the first half of 2023, down 19% year-over-year [142]. - Licensing, NRE, and related revenues were $16.8 million for Q2 2023, a 24% decrease from Q2 2022, and $37.5 million for the first half of 2023, down 16% year-over-year [145]. - Royalty revenues were $9.4 million for Q2 2023, a 15% decrease from Q2 2022, and $17.4 million for the first half of 2023, down 25% year-over-year [146]. - Total revenues for the first half of 2023 were $39.7 million, a decrease from $50.0 million in the first half of 2022, reflecting a 20% decline [150]. - The five largest customers accounted for 43% of total revenues in Q2 2023, up from 36% in Q2 2022, indicating increased customer concentration [143]. Product and Market Insights - Connectivity products represented 77% of total revenues for the first half of 2023, compared to 74% in the same period of 2022 [145]. - CEVA shipped 1.7 billion devices in 2022, averaging over 50 devices per second, showcasing strong market presence [128]. - The addressable market for Bluetooth, Wi-Fi, UWB, and cellular IoT is projected to exceed 15 billion devices annually by 2027 [136]. - CEVA's technologies have been incorporated into over 16 billion chips shipped to date, highlighting the extensive reach of its product offerings [128]. Financial Metrics - CEVA's royalty revenues accounted for 36% of total revenues in Q2 2023, slightly up from 33% in Q2 2022, indicating a stable revenue stream [146]. - Cost of revenues for the second quarter of 2023 was $5.6 million, accounting for 21% of total revenues, compared to $6.8 million and 21% in the second quarter of 2022 [151]. - Gross margin for the first half of 2023 remained stable at 80%, consistent with the same period in 2022 [152]. - Research and development expenses for the first half of 2023 were $40.4 million, representing 74% of total revenues, up from 59% in the first half of 2022 [154]. - Operating expenses for the second quarter of 2023 were $26.9 million, slightly higher than $26.6 million in the second quarter of 2022 [153]. Cash Flow and Investments - Financial income, net, for the first half of 2023 was $2.58 million, significantly higher than $0.69 million in the first half of 2022 [159]. - The company recorded a foreign exchange gain of $0.36 million for the first half of 2023, compared to a loss of $0.26 million in the first half of 2022 [160]. - General and administrative expenses for the first half of 2023 were $8.2 million, up from $7.3 million in the first half of 2022, with a percentage of total revenues increasing from 11% to 15% [157]. - As of June 30, 2023, the company had approximately $135.6 million in cash, cash equivalents, short-term bank deposits, and marketable securities, a decrease from $147.7 million at December 31, 2022 [172]. - Cash used in operating activities for the first six months of 2023 was $9.9 million, consisting of a net loss of $10.7 million and adjustments for non-cash items of $10.7 million [176]. - The company invested $2.5 million in marketable securities during the first half of 2023, while cash inflow from marketable securities amounted to $21.7 million [174]. - Net cash provided by investing activities for the first six months of 2023 was $14.4 million, compared to a net cash outflow of $12.3 million for the same period in 2022 [179]. - The company had a cash outflow of $3.6 million for the acquisition of the VisiSonics business during the first half of 2023 [179]. - Interest income and gains from marketable securities for the second quarter of 2023 were $1.03 million, up from $0.58 million in the same period of 2022 [189]. - The unrealized losses associated with the company's investments were approximately $6.0 million as of June 30, 2023, due to changes in the interest rate environment [188]. - The company received $1.7 million from the exercise of stock-based awards during the first six months of 2023, consistent with the same period in 2022 [181]. - As of June 30, 2023, the company had 278,799 shares available for repurchase under its share repurchase program [180]. - The company expects its cash and cash equivalents, along with cash from operations, to be sufficient to fund operations for at least the next 12 months [181]. Workforce and Taxation - The number of research and development personnel increased to 339 as of June 30, 2023, from 333 a year earlier [155]. - The company is applying the Technological Preferred Enterprise tax track for its Israeli subsidiary, which is taxed at a rate of 12% on profits from intellectual property [168].

CEVA, Inc. (NASDAQ:CEVA) Q1 2023 Results Conference Call May 10, 2023 8:30 AM ET Company Participants Richard Kingston - Vice President, Market Intelligence and Investor Relations Amir Panush - Chief Executive Officer Yaniv Arieli - Chief Financial Officer Conference Call Participants Matt Ramsay - TD Cowen Kevin Cassidy - Rosenblatt Securities Martin Yang - Oppenheimer Suji Desilva - ROTH MKM Chris Reimer - Barclays David O'Connor - Exane BNP Paribas Operator Good day, and welcome to the CEVA, Inc., First ...

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, 2023 ☐ 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) Delaware 77-0556376 (State or Other J ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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) Delaware 77-0556376 (State or other jurisdict ...

CEVA, Inc. (NASDAQ:CEVA) Q4 2022 Earnings Conference Call February 15, 2023 8:30 AM ET Company Participants Richard Kingston - Vice President, Market Intelligence and Investor Relations Amir Panush - Chief Executive Officer Yaniv Arieli - Chief Financial Officer Conference Call Participants Matt Ramsay - Cowen Kevin Cassidy - Rosenblatt Securities Suji Desilva - Roth Capital Chris Reimer - Barclays Martin Yang - Oppenheimer David O’Connor - BNP Paribas Gus Richard - Northland Operator Good day, and welcome ...