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, Inc. (NASDAQ: CEVA) has scheduled to announce its second quarter 2022 earnings on August 10, 2022, before the NASDAQ market opens. Following the earnings release, CEVA management will hold a conference call at 8:30 a.m. ET to discuss the quarter's operating performance. U.S. participants can dial 1-844-435-0316, while international attendees should call +1-412-317-6365. A live webcast will also be available. For those unable to attend live, a replay will be accessible until August 17, 2022.
Flex Logix Technologies and CEVA have announced a significant advancement in reconfigurable computing with the successful silicon implementation of Flex Logix's EFLX eFPGA integrated with the CEVA-X2 DSP. This achievement, known as SOC2, was produced using TSMC's 16 nm technology, allowing for adaptable instruction sets aimed at meeting various processing workloads. The collaboration highlights the capabilities of the CEVA-X2 in versatile applications, including AI processing and 5G, with EFLX eFPGA enhancing performance and flexibility for future needs.
CEVA has enhanced its RivieraWaves UWB platform with the RW-UWB-CCC MAC software to support the Car Connectivity Consortium's Digital Key 3.0 standard, now in collaboration with a major automotive semiconductor company. This technology enables secure, location-aware access for vehicles, with predictions that 25% of vehicles will feature UWB by 2025. The solution promotes rapid development of automotive keyless entry systems, focusing on security and battery efficiency.
CEVA, Inc. (NASDAQ: CEVA) has launched the FSP201, an advanced low-power sensor hub MCU designed for precise motion tracking and orientation detection. This product enhances the company's sensor fusion portfolio, targeting consumer robotics, XR glasses, and 3D audio applications. The FSP201 integrates MotionEngine sensor software, supporting rapid product development while ensuring supply chain flexibility with pre-qualified IMU sensors. This launch addresses current supply chain challenges and is aimed at meeting the growing demand in the metaverse and IoT sectors.
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.
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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.