Welcome to our dedicated page for Ceva news (Ticker: CEVA), a resource for investors and traders seeking the latest updates and insights on Ceva stock.
Ceva, Inc. reports news around its silicon and software intellectual property for the Smart Edge, where its Ceva AI fabric portfolio is used to connect, sense and infer in edge devices. Company updates commonly cover IP licensing agreements, royalty trends, design wins and product launches across 5G, cellular IoT, Bluetooth, Wi-Fi, UWB, satellite communications, Edge AI NPUs, AI DSPs, sensor fusion processors and embedded software.
Recurring developments also include quarterly results, conference participation, customer deployments such as spatial audio software in headsets, and board governance changes. Ceva's business model centers on licensing fees, related revenue and royalties from products that incorporate its intellectual property.
CEVA, a leader in wireless connectivity and smart sensing technologies, will participate in the 25th Annual Needham Growth Conference on January 10-11, 2023 in New York. Their presentation will be webcast live at 8:00 AM Eastern on January 10, with a replay available afterward. Interested parties can register for the webcast here. For more information on CEVA's upcoming events, visit investors.ceva-dsp.com.
CEVA, Inc. (NASDAQ: CEVA) announced that its NeuPro-M AI processor architecture received the 'Most Promising Product' award at the EE Awards Asia 2022. This recognition highlights NeuPro-M's innovative capabilities for AI/ML workloads across automotive, industrial, and edge AI applications. The 3rd generation architecture offers scalable performance ranging from 20 to 1,200 TOPS while decreasing memory bandwidth by 6X. NeuPro-M combines specialized co-processors and configuration options, enhancing performance by up to 15X compared to earlier versions, complemented by CEVA's advanced software development tools.
CEVA, Inc. (NASDAQ: CEVA) has promoted Gweltaz Toquet to Chief Commercial Officer, effective January 1, 2023. Toquet, with over 20 years at CEVA, previously led sales in the APAC, India, and Europe regions. He will oversee global sales and customer success following Issachar Ohana's departure. CEO Gideon Wertheizer praised Toquet's crucial contributions to CEVA's growth. The company focuses on wireless connectivity, smart sensing technologies, and aims to enhance system integration across various markets, including IoT and 5G.
CEVA, Inc. (NASDAQ: CEVA) announced that Novatek Microelectronics has licensed the SP500 DSP from CEVA's SensPro2 architecture for its NT98530 multi-sensor IP camera SoC. This SoC targets sectors like surveillance and smart cities, providing high image quality and low power consumption. The NT98530 supports video performance of over 8MP at 60FPS while utilizing advanced AI processing. CEVA and Novatek will showcase this technology at CES 2023. This partnership continues a nearly decade-long collaboration in enhancing computer vision capabilities.
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.
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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.