Ceva Inc Stock Price, News & Analysis

CEVA has announced that its RivieraWaves Bluetooth 5.3 IP family now supports the new Auracast broadcast audio standard. This innovative technology enables a single audio source to stream to multiple devices simultaneously, enhancing shared audio experiences. According to Bluetooth SIG, the Bluetooth audio streaming device market is forecasted to grow at a 7% CAGR, reaching 1.8 billion shipments by 2026. Tal Shalev, VP at CEVA, emphasized their role in advancing Bluetooth technology, with potential applications spanning public spaces and personalized audio sharing.

CEVA, Inc. reported record total revenue of $34.4 million for Q1 2022, marking a 35% year-over-year increase. Licensing and NRE revenue surged 56% to $22.4 million. GAAP operating income improved to $0.5 million from a loss of $1.3 million in Q1 2021. Non-GAAP operating income doubled to $5.5 million. The company shipped 531 million CEVA-powered units, despite challenges from China’s COVID lockdowns. Cash and equivalents stood at approximately $162 million.

CEVA, Inc. (NASDAQ: CEVA) will announce its first quarter 2022 results on May 10, 2022, before the NASDAQ market opens. Following the earnings release, CEVA management will host a conference call at 8:30 a.m. Eastern Time to discuss the company's operating performance. Participants can dial in using the provided numbers or access a live webcast via CEVA's website. A replay of the call will be available until May 17, 2022. CEVA specializes in wireless connectivity and smart sensing technologies, providing integrated solutions for various industries.

Dwellwell has launched a comprehensive smart home monitoring product after securing $12 million in seed funding. This innovative technology offers remote alerts for HVAC, electrical, and plumbing systems, significantly reducing property maintenance costs, which exceed $80 billion annually in the U.S. Founded in 2018, Dwellwell aims to provide a holistic solution to property maintenance, allowing users to address issues proactively. This advancement comes amidst rising maintenance costs in rental properties, necessitating efficient management tools.

CEVA, Inc. (NASDAQ: CEVA) announced it has shipped over 100 million cellular IoT chips since 2020, highlighting rapid adoption in wearables and industrial devices. The milestone aligns with Ericsson's forecast predicting cellular IoT connections will soar from 2.4 billion in 2022 to 5.5 billion by 2027, at a CAGR of 18%. CEVA's solutions, including the CEVA-Dragonfly NB2 platform, facilitate entry into the growing market, enhancing the development of IoT applications. The company aims to leverage its technology as 5G networks expand globally, fueling further growth in IoT device connectivity.

CEVA, Inc. (NASDAQ: CEVA) announced the launch of the RivieraWaves Wi-Fi 6 Access Point IP, expanding its Wi-Fi 6 product line to meet the growing demand for high-speed connectivity across smart home, industrial, and IoT sectors. The new IP features advanced capabilities aligned with IEEE 802.11ax standards, supporting up to 2401Mbps throughput and enabling optimal performance in device-dense environments. CEVA anticipates strong market interest, with multiple license agreements already in place. The RivieraWaves Wi-Fi 6 Access Point IP is now available for licensing.

CEVA, Inc. (NASDAQ: CEVA) unveiled its PentaG2™, a second generation 5G platform aimed at enhancing mobile broadband and IoT usage models while reducing entry barriers for 5G modem design by handset OEMs. The platform achieves a 4X improvement in power efficiency compared to its predecessor and targets various applications including industrial and automotive markets. Initial configurations include PentaG2-Max for high-performance use cases and PentaG2-Lite for reduced capacity scenarios, offering flexible integration with proprietary algorithms.

CEVA will participate in the 34th Annual ROTH Conference from March 13-15, 2022, at the Ritz Carlton, Laguna Beach, Dana Point, California. The company is a leader in licensing wireless connectivity and smart sensing technologies, providing integrated IP solutions for various industries, including mobile, automotive, and IoT. Interested parties can arrange 1-on-1 meetings via email. CEVA is committed to social responsibility and environmental preservation, emphasizing employee welfare and corporate ethics.