Ceva Inc Stock Price, News & Analysis

CEVA, Inc. (NASDAQ: CEVA) announced its CEVA-BX1 and CEVA-BX2 Audio DSPs and associated software will now be available through the Intel® Pathfinder for RISC-V program. This initiative aims to enhance accessibility for developers in the RISC-V ecosystem, facilitating easier prototyping and production design. CEVA's DSPs are critical for processing complex audio and voice workloads, and the company emphasizes its commitment to supporting RISC-V platform development. The CEVA-BX1 is designed for low-power applications, while the CEVA-BX2 targets high-performance audio devices.

CEVA has launched its WhisPro™ speech recognition software for Texas Instruments' CC3235x wireless MCU family. This on-device software allows customization of wake words and voice commands, enhancing the voice user interface (VUI) capabilities for IoT applications. The collaboration with TI enables rapid integration of speech recognition in devices, with support for multiple languages and up to 30 custom commands. The voice recognition market is projected to grow to $27.2 billion by 2026, with a CAGR of 16.8% from 2021.

CEVA, Inc. (NASDAQ: CEVA) announces the retirement of CEO Gideon Wertheizer at the end of 2022. The board has appointed Amir Panush as the new CEO effective January 1, 2023. Wertheizer will remain on the board in an advisory capacity. Panush, previously CEO of InvenSense, brings over 100% revenue growth experience since 2020 and has held leadership roles at significant tech firms including Qualcomm. The transition aims to continue CEVA's growth in wireless connectivity and smart sensing technologies.

CEVA reported third-quarter 2022 total revenue of $33.7 million, a 3% increase year-over-year. Licensing and related revenue rose to $22.3 million, while royalty revenues reached $11.4 million. Increased royalty income from 5G RAN contributed to a significant 16% quarterly growth in IoT royalties. Despite these gains, the company faced a GAAP net loss of $22.3 million, primarily due to a $15.7 million write-off of deferred tax assets, and a GAAP operating loss of $4.0 million. Amir Panush will succeed Gideon Wertheizer as CEO.

CEVA, Inc. (NASDAQ: CEVA) will announce its third quarter 2022 results on November 9, 2022, before the NASDAQ market opens. A conference call will follow at 8:30 a.m. ET to discuss the quarterly performance. Interested parties can participate by dial-in or by accessing the live webcast. Replay options will be available after the call. CEVA specializes in wireless connectivity and smart sensing technologies, providing solutions for various sectors including mobile, automotive, and IoT.

CEVA has launched PentaG-RAN™, a unique 5G baseband platform IP for ASICs, aimed at enhancing cellular infrastructure including base stations and radios. This platform addresses the growing 5G Open RAN market, offering up to 10X power and area savings over existing solutions. CEVA's co-creation services will assist clients in developing PHY subsystems and complete chip designs. According to ABI Research, shipments of related 5G equipment are predicted to rise at a CAGR of 17% through 2027. PentaG-RAN becomes available for licensing in Q4 2022.

CEVA, a leading provider of wireless connectivity and smart sensing technologies, reported total revenue of $33.2 million for Q2 2022, marking a 9% increase year-over-year. Licensing and NRE revenue surged 42% to $22.1 million, while royalty revenue dropped 26% to $11.1 million. The company signed twenty-two new agreements during the quarter, reflecting strong demand, especially in the IoT sector. However, CEVA faced a GAAP net loss of $1.1 million and a diluted loss per share of $0.05. Cash and equivalents stood at approximately $146 million.