CEVA, Inc. (NASDAQ:CEVA) Q2 2021 Results Conference Call August 9, 2021 8:30 AM ET Company Participants Richard Kingston - VP, Market Intelligence, Investor and Public Relations Gideon Wertheizer - CEO Yaniv Arieli - CFO Conference Call Participants Matt Ramsay - Cowen Kevin Cassidy - Rosenblatt Securities Suji Desilva - ROTH Capital Martin Yang - Oppenheimer Tavy Rosner - Barclays Gus Richard - Northland David O'Connor - Exane PNB Paribas Operator Good day, and welcome to the CEVA, Inc. Second Quarter 2021 ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2021 was $25.4 million, up 8% year-over-year from $23.6 million in Q1 2020 [7][15] - Licensing revenue was approximately $14.4 million, down 1% year-over-year, while royalty revenue reached $11 million, up 21% year-over-year [15][9] - Quarterly gross margin was 91% on a GAAP basis and 92% on a non-GAAP basis, both better than projected [15][16] - US GAAP net loss for the quarter was $3.6 million, with a diluted loss per share of $0.16, compared to a net loss of $1.2 million and a diluted loss per share of $0.05 in Q1 2020 [17] Business Line Data and Key Metrics Changes - Licensing revenue accounted for 57% of total revenues, while royalty revenue accounted for 43% [15] - Shipped units by CEVA's licensees were 341 million units, down 30% sequentially but up 31% year-over-year [17] - Base station and IoT product shipments were 212 million units, down 21% sequentially but up 41% year-over-year [17] Market Data and Key Metrics Changes - China remains a strong market for wireless connectivity technologies, with increasing interest in 5G technologies, particularly the new RedCap provision for IoT devices [7][8] - The Ultra WideBand (UWB) market is expected to see 285 million devices shipped in 2021, forecasted to reach 1 billion devices by 2025 [8] Company Strategy and Development Direction - The acquisition of Intrinsix aims to expand CEVA's market reach into the Aerospace and Defense sector, which is forecasted to reach $6 billion in annual semiconductor spending [10] - CEVA plans to offer a turnkey IP platform that combines connectivity and smart sensing IP with Intrinsix's chip design expertise [10][11] - The introduction of the BlueBud platform IP targets the growing True Wireless earbuds market, expected to reach 600 million units by 2022 [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand for CEVA's technologies despite industry-wide supply constraints [14][20] - The company expects the Intrinsix acquisition to contribute $10 million to $11 million to CEVA's top line in the second half of the year and to be accretive as early as 2021 on a non-GAAP basis [20] - CEVA forecasts total revenue for 2021 to be between $116 million to $117 million, compared to about $100 million in 2020 [20] Other Important Information - CEVA's cash and cash equivalents were $174 million at the end of Q1 2021, with no buyback program exercised during the quarter due to the focus on the Intrinsix acquisition [18] - The company is monitoring the impact of industry-wide supply constraints and is committed to helping customers mitigate risks [14] Q&A Session Summary Question: Background on Intrinsix and its relevance to CEVA - Management highlighted Intrinsix's unique skill set in complex design and its established relationships in the Aerospace and Defense market, which CEVA aims to leverage for growth [24][25] Question: Financial implications of the Intrinsix acquisition - Management indicated that the acquisition is expected to add $10 million to $11 million in revenue in the second half of the year, with operating margins around 10% [30][36] Question: Trends in the wireless infrastructure market - Management noted positive trends in the wireless infrastructure market, with growth in both year-over-year and quarter-over-quarter metrics, although at a slower pace than anticipated [44][46] Question: Growth expectations for Intrinsix - Management expects Intrinsix to contribute significantly to CEVA's growth, with potential revenues doubling in the following year due to synergies and customer overlap [50][52] Question: Licensing results and deal count - Management clarified that the strong licensing revenue was driven by a few large agreements, despite a lighter deal count, indicating a healthy pipeline for future quarters [53][54] Question: Development of Bluetooth LE audio - Management confirmed that the BlueBud platform supports both BLE audio and classical Bluetooth, with expectations for BLE audio to become mainstream in the coming years [60]

CEVA, Inc. (NASDAQ:CEVA) Q4 2020 Earnings Conference Call February 16, 2021 8:30 AM ET Company Participants Richard Kingston - Vice President, Market Intelligence, Investor and Public Relations Gideon Wertheizer - Chief Executive Officer Yaniv Arieli - Chief Financial Officer Conference Call Participants Matthew Ramsay - Cowen Suji Desilva - ROTH Capital Tavy Rosner - Barclays Martin Yang - Oppenheimer Operator Good day, and welcome to the CEVA, Inc. Fourth Quarter and Full Year 2020 Earnings Conference Cal ...

CEVA, Inc. (NASDAQ:CEVA) Q3 2020 Results Earnings Conference Call November 5, 2020 8:00 AM ET Company Participants Richard Kingston - Vice President, Market Intelligence, Investor and Public Relations Gideon Wertheizer - Chief Executive Officer Yaniv Arieli - Chief Financial Officer Conference Call Participants Matthew Ramsay - Cowen and Company Peter Zdebski - Barclays Capital Suji Desilva - ROTH Capital David O'Connor - Exane BNP Paribas Gus Richard - Northland Capital Markets Operator Good morning, and w ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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 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, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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 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: June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission ...