Ceva Inc Stock Price, News & Analysis

CEVA, Inc. announced that Sequans Communications has licensed its PentaG 5G New Radio (NR) IP for an upcoming 5G platform aimed at the IoT industry. This technology promises to deliver high performance, low latency, and power efficiency, essential for applications like AR/VR/XR and smart manufacturing. The PentaG architecture features specialized processors and supports various wireless technologies, claiming over 10Gbps throughput. This partnership highlights CEVA's strategic positioning in the 5G market, potentially boosting its revenue from licensing IP.

CEVA, Inc. (NASDAQ: CEVA) reported financial results for Q1 2021, showing a total revenue of $25.4 million, an 8% increase compared to Q1 2020. Licensing revenue was $14.4 million, down 1%, while royalty revenue rose 21% to $11.0 million. The company reported a net loss of $3.6 million, compared to $1.2 million in Q1 2020, with a diluted loss per share of ($0.16). CEVA's cash reserves totaled $174 million with no debt. CEO Gideon Wertheizer highlighted strong demand for their wireless technologies, driven by new IoT applications.

CEVA, Inc. (NASDAQ: CEVA) announced its agreement to acquire Intrinsix Corp for approximately $33 million. This acquisition aims to enhance CEVA's offerings by integrating Intrinsix's chip design capabilities with CEVA's wireless and sensing technologies. The transaction is expected to close in Q2 2021. Intrinsix has over 1,500 successful designs and strong ties with major clients like Intel and IBM, emphasizing its role in the growing semiconductor market, particularly in defense, with projections of $6 billion in spending for 2022.

CEVA, Inc. (NASDAQ: CEVA) will announce its first-quarter 2021 results on May 10, 2021, prior to the NASDAQ market opening. Management will discuss the results during a conference call at 8:30 a.m. Eastern Time. U.S. participants can dial 1-844-435-0316 (Access Code: CEVA), while international participants can call +1-412-317-6365 (Access Code: CEVA). A replay will be available until 9:00 a.m. on May 17, 2021. More details can be found on the company's website.

CEVA, Inc. (NASDAQ: CEVA) announced that its RivieraWaves Bluetooth Dual Mode 5.2 Platform has received Bluetooth SIG Qualification. This platform, supporting both Bluetooth Classic Audio and LE Audio, enables licensees to enhance designs for TWS earbuds, smart watches, and smart speakers. CEVA reports over fifteen licensees for this version, reflecting strong market traction. The platform supports advanced Bluetooth features, with more than 2.5 billion devices shipped. CEVA continues to partner with major semiconductor companies to drive innovation in consumer and IoT devices.

CEVA has been awarded the 2021 Global Company of the Year Award by Frost & Sullivan for its innovative sensor fusion technology in consumer electronics. The company's MotionEngine™ software enables precise sensor calibration and fusion, enhancing user experiences across various devices. CEVA's technologies, utilized in over 200 million devices, are crucial for applications like robotics, wearables, and AI-enabled devices. CEVA's strategic focus on providing customizable solutions positions it as a leader in the sensor fusion market.

CEVA, Inc. (NASDAQ: CEVA) will announce its first-quarter 2021 results on May 10, 2021, before the NASDAQ market opens. Following the earnings release, management will hold a conference call at 8:30 a.m. ET to discuss the quarter's performance. U.S. participants can dial 1-844-435-0316 while international participants should call +1-412-317-6365. The call will also stream live online. A replay will be available after the call until May 17, 2021. CEVA specializes in wireless connectivity and smart sensing technologies.

CEVA, Inc. has launched the MotionEngine™ Scout, an advanced dead reckoning software aimed at enhancing the navigation of indoor autonomous robots. This solution significantly reduces trajectory errors, improving accuracy without the high costs associated with cameras or LiDAR. With an expected industry growth of 20% CAGR over the next five years, MotionEngine Scout simplifies OEM integration and provides cost flexibility through partnerships with leading IMU suppliers. CEVA emphasizes that this product addresses market demands for cost-effective, high-precision robotic navigation solutions.

CEVA, Inc. (NASDAQ: CEVA) has announced an expansion of its partnership with LG Electronics to include the licensing of its Freespace® MotionEngine Smart TV software to third-party brands using LG's webOS platform. This marks a significant milestone for LG as it aims to enhance its software and content services in home entertainment. The addition of CEVA's technology allows for intuitive point-and-click control on televisions, improving user experience. CEVA's software has been integrated into over 100 million LG TVs, solidifying its role in enhancing LG's market presence.