Ceva Inc Stock Price, News & Analysis

CEVA, Inc. (NASDAQ: CEVA) has announced it will release its first quarter 2023 earnings on May 10, 2023, before the NASDAQ market opens. Following the release, management will host a conference call at 8:30 a.m. Eastern Time to discuss performance details. U.S. participants can join by dialing 1-844-435-0316 (Access Code: CEVA), while international participants can dial +1-412-317-6365 (Access Code: CEVA). A live webcast will also be available. For those unable to attend, a replay of the call will be accessible until 9:00 a.m. Eastern Time on May 17, 2023. CEVA specializes in wireless connectivity and smart sensing technologies, providing solutions for several industries, including mobile and IoT.

CEVA, Inc. (NASDAQ: CEVA) announced the deployment of its RivieraWaves Wi-Fi 6 1x1 IP platform by Beijing ESWIN Technology Group for their ECR6600 smart connectivity IC. This technology targets sectors like smart homes and industrial IoT. ABI Research predicts a 21% CAGR for Wi-Fi 6 chip shipments from 2022 to 2027, exceeding 3.8 billion units annually. CEVA's VP commended ESWIN’s rapid product development leveraging CEVA's Wi-Fi IP, which simplifies integration into IC designs. CEVA has shipped over 3 billion Wi-Fi and Bluetooth devices globally, showcasing its strong position in the wireless connectivity market.

CEVA, Inc. (NASDAQ: CEVA) announced the extension of its RivieraWaves™ ultra-wideband (UWB) IP to include UWB-Radar for Child Presence Detection (CPD), enhancing safety in vehicles. This technology aligns with Euro-NCAP specifications, addressing privacy concerns and improving presence sensing capabilities by detecting micro-movements, including breathing rates. CEVA’s UWB Radar solution can be economically integrated into various automotive markets and is projected to support applications beyond CPD, such as gesture control and intruder alerts. ABI Research predicts UWB-enabled chip shipments will exceed 1.4 billion units by 2027.

CEVA, Inc. (NASDAQ: CEVA) will showcase its advanced technologies at embedded world 2023 from March 14-16 in Nuremberg, Germany. Key highlights include:

• Multi-standard IoT connectivity with Auracast audio and Bluetooth 5.3
• AI and computer vision for various applications with over 1200 TOPS of processing
• AI sound processing for diverse devices
• Wireless audio solutions featuring immersive experiences
• Sensor fusion technologies for robotics and smart devices
• 5G communications for Open RAN and massive IoT

For inquiries, contact events@ceva-dsp.com.

CEVA has announced the launch of its 5th generation DSP architecture, the CEVA-XC20, at the Mobile World Congress in Barcelona on February 23, 2023. This new architecture introduces a novel vector multi-threaded compute technology offering up to 2.5X efficiency improvements over its predecessor, targeting demanding 5G-Advanced baseband compute applications including smartphones and cellular infrastructure. The CEVA-XC20 enables enhanced power efficiency and smaller chip designs, supporting sustainable technology goals. The first core, CEVA-XC22, will be available for licensing in the second quarter of 2023, enhancing the performance for essential 5G use cases.

CEVA has announced the appointment of Amir Panush as Chief Executive Officer, effective February 21, 2023. In conjunction with his appointment, the company granted Mr. Panush an inducement award valued at $3.2 million, consisting of 14,541 time-based restricted stock units (RSUs) and performance-based stock units (PSUs). The RSUs will vest over three years, with PSUs tied to various performance criteria. This award follows Mr. Panush's employment agreement from November 2022 and adheres to Nasdaq Listing Rules. Further details will be provided in a future Current Report on Form 8-K.

CEVA announced its financial results for Q4 and the full year of 2022, reporting record revenue of $134.6 million, a 10% increase year-over-year. This growth was driven by record licensing and NRE revenue of $89.3 million (up 23% YoY). In Q4 alone, total revenue was $33.4 million, slightly down 2% from the previous year. Key developments included strategic licensing deals for Ultra-Wideband technology and 3D spatial audio. Despite a decrease in royalty revenue, the total number of CEVA-powered devices sold reached 1.7 billion. The company ended the year with a strong balance sheet, showcasing long-term growth potential.

CEVA, Inc. (NASDAQ: CEVA) will announce its fourth quarter and full year 2022 results on February 15, 2023, before the NASDAQ market opens. Management will hold a conference call at 8:30 a.m. Eastern Time to discuss performance for the quarter. U.S. participants can join by dialing 1-844-435-0316, while international participants should call +1-412-317-6365.

A replay will be available after the call until 9:00 a.m. Eastern Time on February 22, 2023.

CEVA, Inc. announced its audio front end (AFE) software solution is now Alexa Voice Service (AVS) qualified. This solution integrates ClearVox™ far-field noise reduction and WhisPro™ neural network keyword spotting software, enabling seamless integration with AVS-enabled devices like smart speakers and soundbars. The AVS qualification allows CEVA's customers, including semiconductor and OEM companies, to incorporate Alexa functionalities into their products effectively. CEVA offers a range of licensable IP for developing smart SoCs, enhancing the capabilities of consumer and industrial IoT devices.