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CEVA (CEVA) Starts Underwritten Public Offering
Yahoo Finance· 2025-11-29 06:11
Group 1 - CEVA, Inc. has initiated an underwritten public offering of 3,000,000 shares of its common stock, with an option for underwriters to purchase an additional 450,000 shares [1][2] - The net proceeds from the offering will be used for potential acquisitions, investments in complementary technologies, working capital, capital expenditures, share repurchases, and other general corporate purposes [2] - In Q3 2025, CEVA reported total revenues of $28.4 million, a 4.4% increase from $27.2 million in Q3 2024, with licensing revenue up 2.9% and royalty revenue up 6.2% [3] Group 2 - CEVA's non-GAAP net income for Q3 2025 was $2.7 million, translating to a diluted income per share of $0.11, exceeding expectations due to strong licensing execution and royalty growth [3] - For Q4 2025, CEVA anticipates total revenue between $29 million and $33 million [4] - CEVA provides silicon and software IP solutions to semiconductor and OEM companies across various regions including the US, Europe, the Middle East, and Asia Pacific [4]