Exhibit 99.1 Ceva, Inc. Announces Second Quarter 2024 Financial Results ● Licensing and related revenues $17.3 million, up 28% year-over-year ● Royalty revenue $11.2 million, up 19% year-over-year, generated from 461 million shipped units, up 24% year-over-year ● Long-term roadmap deals signed with 2 infrastructure OEMs developing custom silicon driven by rise in AI-related traf ic on wireless networks ● Strategic deal signed with leading U.S. analog semiconductor company for Ceva-Waves Bluetooth portfolio ...

Ceva (CEVA) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 750%. A quarter ago, it was expected that this chip designer would post earnings of $0.03 per share when it actually produced a loss of $0.05, delivering a surprise of -266.67%.Over the last four quarters, the company has surpass ...

Balletto BLE 5.3 and Matter Wireless Microcontroller family features Neural Co-Processor for AI/ML Workloads targeting wireless audio and the smart homeROCKVILLE, Md., July 23, 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 Alif Semiconductor®, a leading global supplier of secure, connected, power efficient Artificial Intelligence and Machine L ...

Fully programmable certified ST87M01 LTE Cat-NB2 NB-IoT industrial module leverages Ceva-Waves Dragonfly NB-IoT platform IP to deliver ultra-reliable Low Power Wide Area Network (LPWAN) connectivityROCKVILLE, Md., July 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, announced today that STMicroelectronics has licensed and deployed the Ceva-Waves Dragonfly NB-IoT ...

Core Insights - Ceva, Inc. will announce its second quarter 2024 results on August 7, 2024, before the NASDAQ market opens [1] - A conference call will be held at 8:30 a.m. Eastern Time to discuss the quarterly performance [1] - The company specializes in silicon and software IP for Smart Edge devices, powering over 17 billion products globally [3] Company Overview - Ceva focuses on innovation in wireless communications, sensing, and Edge AI technologies [3] - The company offers a broad portfolio of IP solutions, including Bluetooth, Wi-Fi, UWB, and 5G platform IP [3] - Ceva is committed to sustainability and social responsibility, emphasizing environmental preservation and employee welfare [4]

- Ceva-NeuPro-Nano NPUs deliver optimal balance of ultra-low power and best performance in small area to efficiently execute TinyML workloads in consumer, industrial and general-purpose AIoT products- Ceva-NeuPro Studio complete AI SDK for the Ceva-NeuPro NPU family supports open AI frameworks including TensorFlow Lite for Microcontrollers and microTVM to simplify the rapid development of TinyML enabled applications - Optimized NPUs for embedded devices build on Ceva's market leadership in IoT connectivity ...

ROCKVILLE, Md., May 23, 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 the Ceva management team will participate in the following investor events and conferences:Oppenheimer 25th Annual Israeli ConferenceDate: May 26, 2024Location: David Intercontinental Hotel, Tel AvivTo request at meeting with Ceva, please contact your OPCO representative.Cow ...

Financial Data and Key Metrics Changes - Revenue for Q1 2024 was $22.1 million, down from $26.3 million in the same quarter last year, with licensing revenue at $11.4 million and royalty revenue at $10.7 million, reflecting a year-over-year growth of 33% in royalty revenue [26][28] - Gross margin was 89% on a GAAP basis and 90% on a non-GAAP basis, compared to 87% and 88% respectively a year ago [26] - GAAP operating loss for Q1 2024 was $5 million, compared to a loss of $2.6 million in Q1 2023 [27][28] Business Line Data and Key Metrics Changes - Licensing and related revenue decreased to $11.4 million from $18.2 million year-over-year, while royalty revenue increased to $10.7 million from $8 million [26] - Shipments by licensees reached 371 million units, up 25% year-over-year, with significant increases in consumer IoT products and Wi-Fi shipments [29] Market Data and Key Metrics Changes - The infrastructure market remains soft due to low CapEx for 5G networks globally, but smartphone shipments are expected to improve in the second quarter [15][25] - ABI Research forecasts that Wi-Fi 7 chipset shipments will exceed 1.7 billion units annually by 2028, indicating a strong market opportunity for the company [10] Company Strategy and Development Direction - The company is focused on expanding its leadership in smart edge IP, with a diversified licensing pipeline and a strong backlog of deals [7][12] - A new partnership with Arm targets 5G Advanced infrastructure and non-terrestrial networks, aiming to lower barriers for product development in these markets [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting total revenue targets for the year, despite some licensing deals being delayed [25] - The company anticipates a growth year in 2024, driven by strong demand for next-generation IPs and a healthy backlog [25] Other Important Information - The company has invested in expanding product offerings and strengthening its ecosystem, including a new UWB wireless IP for consumer devices [16] - The first headset integrating the company's spatial audio technology has been launched, showcasing the company's ability to provide multiple IPs to a single product [20] Q&A Session Summary Question: Licensing deal delays - Management confirmed that some expected licensing deals were delayed but reassured that many have already been signed in Q2, with some potentially extending into later quarters due to evaluation processes [35][36] Question: Wi-Fi 7 and UWB technology adoption - Management indicated that Wi-Fi 7 adoption is ramping up, with existing customers transitioning from Wi-Fi 4 to Wi-Fi 6, and new customers beginning to license Wi-Fi 7 [40][41] - UWB technology is expected to penetrate the consumer market, with recent deals indicating strong demand [42] Question: Licensing agreements and technology integration - Management clarified that multiple technologies can be included in a single licensing agreement, which may lead to higher deal sizes and royalty rates [45][46] Question: Market conditions in China - Management reported no significant changes due to U.S. sanctions, with a stable market condition in China and encouraging signs of innovation and demand [49][50] Question: Year-end guidance and partnerships - Management reiterated the guidance for 4% to 8% top-line growth, emphasizing a stronger second half of the year, and highlighted the successful partnership with boAt in the hearable/wearable market [51][55]

Revenue Performance - Total revenues for Q1 2024 were $22.1 million, a decrease of 16% compared to Q1 2023[128]. - Licensing and related revenues were $11.4 million, down 37% year-over-year, accounting for 52% of total revenues[132][133]. - Royalty revenues increased by 33% to $10.7 million, representing 48% of total revenues, with a 25% year-over-year increase in shipment volumes[134][137]. - The five largest customers contributed 45% of total revenues in Q1 2024, up from 43% in Q1 2023[129]. - Total revenues for Q1 2024 were $22.5 million, a decrease of 9% compared to $24.8 million in Q1 2023[138]. Market and Customer Insights - Eleven IP licensing deals were signed in Q1 2024, including strategic agreements for Bluetooth 6 and Wi-Fi 7 technologies[135]. - The addressable market for Bluetooth, Wi-Fi, UWB, and cellular IoT is projected to exceed 15 billion devices annually by 2027[116]. - The company anticipates expanding its customer base and revenues in Europe and the U.S., complementing its presence in APAC[124]. Financial Performance - The company expects overall revenue growth of 4% to 8% in 2024, primarily in the second half of the year[125]. - The infrastructure market remains soft due to low capital expenditures for 5G networks globally[135]. - The first quarter of 2024 included $1.0 million in revenue from a resolved royalty audit, indicating strong royalty performance[134]. Cost and Expenses - Cost of revenues decreased to $2.5 million in Q1 2024, accounting for 11% of total revenues, down from 13% in Q1 2023[139]. - Gross margin improved to 89% in Q1 2024, compared to 87% in Q1 2023, primarily due to lower cost of revenues[140]. - Research and development expenses were $18.0 million in Q1 2024, representing 82% of total revenues, up from 71% in Q1 2023[142]. - Operating expenses totaled $24.5 million in Q1 2024, a decrease from $25.4 million in Q1 2023, mainly due to lower contractor costs[141]. - Sales and marketing expenses were $2.8 million in Q1 2024, representing 13% of total revenues, compared to 10% in Q1 2023[144]. Cash Flow and Investments - Cash used in operating activities for Q1 2024 was $7.3 million, resulting from a net loss of $5.4 million and adjustments for non-cash items of $4.6 million[162]. - As of March 31, 2024, total cash, cash equivalents, bank deposits, and marketable securities amounted to $158.8 million, down from $166.5 million at the end of 2023[158]. - Net cash provided by investing activities for Q1 2024 was $5.1 million, down from $6.5 million in Q1 2023, with a cash outflow of $12.7 million and inflow of $18.9 million from marketable securities[165]. - Net cash provided by financing activities for Q1 2024 was $0.3 million, compared to $1.7 million in Q1 2023, with 56,872 shares repurchased at an average price of $22.48 per share[166]. - Cash received from the exercise of stock-based awards was $1.6 million in Q1 2024, slightly down from $1.7 million in Q1 2023[167]. Investment and Financing Outlook - The company plans to evaluate potential acquisitions and investments, which may require additional financing[168]. - The company expects to have sufficient capital to fund operations for at least the next 12 months, but cannot assure the accuracy of revenue and expense assumptions[167]. Other Financial Metrics - Financial income, net, was $1.26 million in Q1 2024, down from $1.45 million in Q1 2023, with a foreign exchange loss of $0.19 million[146][147]. - The number of research and development personnel decreased to 331 as of March 31, 2024, from 337 a year earlier[142]. - Unrealized losses on investments were approximately $3.5 million as of March 31, 2024, due to changes in the interest rate environment[172]. - Interest income and net gains from marketable securities increased to $1.45 million in Q1 2024 from $1.19 million in Q1 2023, attributed to higher bank deposits and yields[173]. - A foreign exchange loss of $193,000 was recorded in Q1 2024, compared to a gain of $263,000 in the same period of 2023[169]. - The company has 643,128 shares available for repurchase as of March 31, 2024[166].

Exhibit 99.1 Ceva, Inc. Announces First Quarter 2024 Financial Results ● Royalty revenue of $10.7 million, up 33% year-over-year, generated from 371 million shipped units, up 25% year-overyear ● 11 license agreements concluded in the quarter, across all key target markets, including strategic deals for nextgeneration Wi-Fi 7 and Bluetooth 6 IPs ROCKVILLE, MD., May 9, 2024 – Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense and infer ...