Ceva Inc Stock Price, News & Analysis

CEVA, Inc. (NASDAQ: CEVA) announced that its SensPro™ sensor hub DSP IP has achieved Automotive Safety Integrity Level B and ASIL D certification. This milestone reflects CEVA's commitment to safety in automotive applications, particularly in systems-on-chip (SoCs) used for autonomous driving and advanced driver assistance systems (ADAS). The certification ensures compliance with the ISO 26262 standard, enabling customers to create compliant automotive SoCs. SensPro is designed for efficient data fusion from sensors such as cameras and radar, supporting performance in critical applications.

CEVA, a leading licensor of wireless connectivity and smart sensing technologies, announced participation in several upcoming virtual conferences. Key events include the 10th Annual ROTH Technology Event on November 17-18, the 5th Annual Wells Fargo TMT Summit from November 30 to December 2, and the Barclays Global TMT Conference on December 7-8. Presentations will be available via audio webcast on their investor relations website. CEVA provides integrated solutions for various markets, emphasizing sustainability and social responsibility.

CEVA, Inc. (NASDAQ: CEVA) reported record revenue of $32.8 million for Q3 2021, a 31% increase from $25.0 million in Q3 2020. Licensing, non-recurring engineering, and related revenue rose 74% to $21.6 million, while royalty revenue fell 11% to $11.2 million. The company concluded 25 agreements, with significant contributions from first-time customers. CEVA's GAAP net loss narrowed to $0.2 million, improving from a $0.7 million loss last year. Non-GAAP net income grew 29% to $4.7 million, with diluted earnings per share of $0.20.

CEVA, Inc. (NASDAQ: CEVA) will disclose its third-quarter 2021 financial results on November 9, 2021, before the NASDAQ market opens. Following this, management will hold a conference call at 8:30 a.m. Eastern Time to discuss performance metrics. Participants can join via specific dial-in numbers or through a live webcast. A replay of the call will be accessible after it concludes, enhancing shareholder accessibility to the company's financial insights and operational updates.

CEVA, Inc. (NASDAQ: CEVA) has scheduled its third quarter 2021 earnings release for November 09, 2021, before the market opens. Following the announcement, a conference call will be held at 8:30 a.m. Eastern Time to discuss the quarterly operating performance. U.S. participants can join by dialing 1-844-435-0316, while international participants can dial +1-412-317-6365. The call will also be available through a live webcast. A replay of the call will be accessible until 9:00 a.m. Eastern Time on November 16, 2021.

CEVA, Inc. (NASDAQ: CEVA) has partnered with Beken Corporation and VisiSonics to introduce a 3D audio reference design for headsets and True Wireless Stereo (TWS) earbuds. This design utilizes Beken's BK3288X Bluetooth Audio SoC series featuring CEVA-X2 Audio DSP and VisiSonics' RealSpace® 3D audio software, promising enhanced audio experiences for gaming and multimedia. The turnkey solution is now available for licensing and aims to meet the growing demand for spatial audio technology, particularly among consumer electronics OEMs.

CEVA, Inc. (NASDAQ: CEVA) reported a record revenue of $30.5 million for Q2 2021, marking a 29% year-over-year increase. Licensing and related revenue rose 15% to $15.5 million, while royalty revenue jumped 48% to $14.9 million, supported by a $3.3 million royalty settlement. The company secured 17 license agreements, including six with new customers, primarily in China. Net income increased to $0.3 million from a loss of $1.1 million in Q2 2020, with non-GAAP EPS rising 83% to $0.22.

CEVA, Inc. (NASDAQ: CEVA) has announced the general release of its RivieraWaves Bluetooth 5.3 IP, a significant upgrade enhancing security, robustness, and low power operation. This hardware/software solution is designed for new projects and existing designs. With Bluetooth device shipments projected to reach over 5 billion units annually by 2022, CEVA aims to capitalize on this expanding market. The new features of Bluetooth 5.3 include Enhanced Periodic Advertising and improved wireless security, providing a competitive edge in the wireless consumer market.

CEVA, Inc. (NASDAQ: CEVA) has scheduled its second quarter 2021 earnings announcement for August 09, 2021, before NASDAQ opens. Management will host a conference call at 8:30 a.m. ET to discuss the results. U.S. participants can dial 1-844-435-0316, while international participants can use +1-412-317-6365, both using access code CEVA. A live webcast will be available and a replay can be accessed until 9:00 a.m. ET on August 16, 2021.