Ceva (CEVA) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this chip designer would post earnings of $0.03 per share when it actually produced earnings of $0.02, delivering a surprise of -33.33%.Over the last four quarters, the company has ...

IC combines RivieraWaves Bluetooth 5.4 IP with SKAIChips inhouse RF/Power/Analog/AI expertise to achieve lowest power draw, critical for ESL tags and related industrial applicationsROCKVILLE, Md., Feb. 6, 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, announced today that SKAIChips Co. Ltd., a leading innovator in low power wireless technologies for the Fourth Indu ...

Core Viewpoint - Ceva, Inc. will announce its fourth quarter and full year 2023 results on February 14, 2024, before the NASDAQ market opens, followed by a conference call to discuss the operating performance for the quarter [1]. Group 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][3]. - The company offers a broad portfolio of IP technologies, including wireless communications, sensing, and Edge AI, which are integral to advanced smart edge products [3]. - Ceva powers over 17 billion smart edge products globally, including AI-infused smartwatches, IoT devices, wearables, autonomous vehicles, and 5G mobile networks [3]. Group 2: Conference Call Details - The conference call will take place at 8:30 a.m. Eastern Time on February 14, 2024, and will be accessible via specific dial-in numbers for U.S. and international participants [1]. - A replay of the conference call will be available from one hour after the end of the call until 9:00 a.m. Eastern Time on February 21, 2024, through designated phone numbers and Ceva's website [2].

Companies' long-term collaboration for wireless, audio and voice technologies sees world's leading OEMs adopt Actions Technology's high-quality, low-latency wireless audio SoCs for consumer devices, including speakers, soundbars, earbuds and smartwatches LAS VEGAS, Jan. 10, 2024 /PRNewswire/ -- CES 2024 -- 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, and Actions Technology Co, Ltd. ( ...

LAS VEGAS, Jan. 10, 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, and Sunplus Technology Co., Ltd. (TWSE: 2401), a leading chip provider for multimedia and automotive applications, today announced the companies have expanded their collaboration to integrate Ceva's latest generation RivieraWaves Bluetooth audio solution into the Sunplus airlyra family of HD audio p ...

Core Viewpoint - Ceva, Inc. and THX Ltd. have announced the launch of RealSpace® Tuned by THX™, a premium software solution designed to enhance spatial audio experiences across various consumer audio devices, including TWS earbuds, wireless headphones, smartphones, speakers, and soundbars [1][2][3] Company Overview - Ceva, Inc. is a leading licensor of silicon and software IP, focusing on enabling Smart Edge devices to connect, sense, and infer data efficiently [1][8] - THX Ltd., founded by George Lucas, is recognized for its high-fidelity audio and video standards, originally established for cinemas and now expanded to home theater, gaming, and mobile sectors [3][7] Product Features - RealSpace® Tuned by THX™ incorporates Ceva's spatial audio rendering and head tracking technology, providing an optimized audio experience tailored for each OEM device [2][4] - The software includes curated spatial audio presets for various content types such as gaming, movies, music, and speech, enhancing the overall user experience [2][4] Market Impact - The collaboration aims to help OEMs deliver higher fidelity immersive audio experiences, appealing to both existing and new audiences who demand superior audio reproduction [3][4] - Ceva plans to showcase RealSpace® Tuned by THX™ at CES 2024, demonstrating its capabilities in delivering immersive multichannel spatial audio [6] Software Versions - Ceva offers three versions of RealSpace® software for OEMs, all featuring the "Tuned by THX™" option: - RealSpace Personal for TWS earbuds and wireless headphones - RealSpace Mobile for smartphone systems delivering multi-channel sound - RealSpace Ambient for Bluetooth and USB speakers and soundbars [5]

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 ...