Ceva Inc Stock Price, News & Analysis

CEVA, Inc. (NASDAQ: CEVA) announced the appointment of Jaclyn "Jackie" Liu to its Board of Directors, effective February 16, 2021. Liu, who has served as outside general counsel for CEVA for over a decade, brings significant expertise in corporate governance and M&A strategies. This change follows the retirement of Bruce A. Mann, a long-serving board member who contributed to executive compensation metrics and corporate governance. CEVA aims to leverage Liu's insights to enhance its business strategies, especially in ESG efforts and M&A activities.

CEVA, Inc. (NASDAQ: CEVA) reported its Q4 and full-year 2020 results, revealing total revenue of $28.1 million for Q4, a 1% decline from 2019. Licensing revenue decreased by 18% to $12.1 million, while royalty revenue reached a record $16.1 million, up 19%. For the full year, total revenue increased by 15% to $100.3 million. Despite a GAAP net income drop to $0.6 million in Q4, non-GAAP net income for the full year was $13.7 million, or $0.60 per share. CEVA continues to see growth in its customer base, particularly in 5G and IoT markets.

CEVA, Inc. (NASDAQ: CEVA) has launched its 2nd generation SensPro DSP family, enhancing AI and DSP processing for various sensors, achieving significant performance increases. The new SensPro2 DSPs deliver 6X more processing for computer vision, 8X for Radar, and double the AI inferencing capabilities, with a 20% improvement in power efficiency. The lineup includes seven vector DSP cores with up to 3.2 TOPS performance, targeting applications in automotive and AI processing. The DSPs support a wide range of software development tools, enabling rapid system design.

CEVA, Inc. (NASDAQ: CEVA) will announce its fourth quarter and full year 2020 financial results on February 16, 2021, prior to the market opening. A conference call hosted by CEVA management is scheduled for 8:30 a.m. ET to discuss the results. Participants can join via U.S. and international dial-in numbers or through a live webcast. A replay of the call will be available until February 23, 2021, at 9:00 a.m. ET. CEVA specializes in wireless connectivity and smart sensing technologies, providing innovative solutions across various markets.

CEVA (NASDAQ: CEVA), a leader in wireless connectivity and smart sensing technologies, will participate in the 23rd Annual Needham Virtual Growth Conference on January 14, 2021. The live webcast of their presentation is scheduled for 10:00 am Eastern. Interested parties can register for the event via the provided link. A replay of the presentation will also be available. CEVA is renowned for its innovative DSPs, AI processors, and wireless platforms, focusing on enhancing the functionality of smart devices across various sectors, including mobile, automotive, and IoT.

CEVA announced an open licensing agreement with DARPA to enhance technology innovation for DARPA programs. The partnership is part of the DARPA Toolbox initiative, allowing access to CEVA's wireless connectivity and smart sensing technologies. CEVA's DSPs, AI processors, and wireless IPs aim to accelerate DARPA's research efforts. This initiative simplifies access to commercial technologies for DARPA researchers and presents CEVA with opportunities for new revenue streams. CEVA joins Arm and Verific in this initiative, leveraging its advanced technologies in various applications including 5G and AI.

CEVA, Inc. (NASDAQ: CEVA) announced that Retune DSP's VoiceSpot Wake Word Engine is now optimized for CEVA's audio/voice DSPs. This engine supports voice activation in battery-operated edge devices with a memory footprint under 80KB. The collaboration is already in action with a lead customer deploying it in a smart home device. CEVA’s DSPs are used in various applications, from TWS earbuds to smart cameras, and they facilitate low-power voice command solutions.

CEVA, Inc. (NASDAQ: CEVA) has achieved Bluetooth SIG Qualification for its RivieraWaves Bluetooth Low Energy 5.2 Platform, becoming the first IP company to do so. This qualification mitigates product development risks for licensees, enhancing their time-to-market efficiency. The new Isochronous Channels feature supports low latency audio streaming to multiple devices, catering to the growing demand for high-performance wireless audio peripherals. CEVA's platforms, recognized for widespread deployment with over 2 billion devices shipped, enable advanced connectivity solutions across various consumer and IoT markets.

CEVA has announced that Renesas has licensed its advanced DSP technology for the next-generation automotive System-on-Chip (SoC). This collaboration aims to enhance automotive safety through improved processing of sensor data from cameras and radars. CEVA's solutions cater to demanding AI workloads and automated driving applications. The licensing agreement underscores CEVA's pivotal role in the automotive semiconductor sector.