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.
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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.
CEVA, Inc. (NASDAQ: CEVA) announced the launch of the RivieraWaves Wi-Fi 6 Access Point IP, expanding its Wi-Fi 6 product line to meet the growing demand for high-speed connectivity across smart home, industrial, and IoT sectors. The new IP features advanced capabilities aligned with IEEE 802.11ax standards, supporting up to 2401Mbps throughput and enabling optimal performance in device-dense environments. CEVA anticipates strong market interest, with multiple license agreements already in place. The RivieraWaves Wi-Fi 6 Access Point IP is now available for licensing.
CEVA, Inc. (NASDAQ: CEVA) unveiled its PentaG2™, a second generation 5G platform aimed at enhancing mobile broadband and IoT usage models while reducing entry barriers for 5G modem design by handset OEMs. The platform achieves a 4X improvement in power efficiency compared to its predecessor and targets various applications including industrial and automotive markets. Initial configurations include PentaG2-Max for high-performance use cases and PentaG2-Lite for reduced capacity scenarios, offering flexible integration with proprietary algorithms.
CEVA will participate in the 34th Annual ROTH Conference from March 13-15, 2022, at the Ritz Carlton, Laguna Beach, Dana Point, California. The company is a leader in licensing wireless connectivity and smart sensing technologies, providing integrated IP solutions for various industries, including mobile, automotive, and IoT. Interested parties can arrange 1-on-1 meetings via email. CEVA is committed to social responsibility and environmental preservation, emphasizing employee welfare and corporate ethics.
CEVA, Inc. (NASDAQ: CEVA) reported record fourth-quarter 2021 revenue of $34.1 million, marking a 21% increase from Q4 2020. Licensing and related revenue surged 77% to $21.3 million, while royalty revenue decreased 21% to $12.7 million. Total revenue for 2021 rose 22% to $122.7 million. Non-GAAP net income for Q4 was $5.3 million with EPS of $0.22, up 10% year-over-year. CEVA attributed growth to increased IP licensing agreements, despite a decline in 4G smartphone royalties. The company reported a strong balance sheet with approximately $155 million in cash and no debt.
CEVA, Inc. (NASDAQ: CEVA) has launched the Fortrix™ SecureD2D IP solution, enhancing secure data exchange between chiplets in heterogeneous systems on a chip (HSoC). With the semiconductor market projected to reach $50.5 billion by 2024, the Fortrix SecureD2D provides secured communication to ensure security and assurance in HSoCs. The solution has already been adopted by the Department of Defense and Lockheed Martin, integrating cryptographic functions for enhanced security. The Fortrix SecureD2D IP is now available for licensing, supporting various semiconductor processes.
CEVA, Inc. (NASDAQ: CEVA) will announce its fourth quarter and full year 2021 results on February 15, 2022, before the market opens. Following this, management will host a conference call at 8:30 a.m. ET to discuss performance. Investors can join via dial-in or listen to the live webcast. A replay of the call will be available until February 22, 2022. CEVA specializes in wireless connectivity and smart sensing technologies, providing integrated IP solutions essential for various industries including automotive, IoT, and robotics.
CEVA, Inc. (NASDAQ: CEVA) announced that its RivieraWaves Bluetooth® Dual Mode 5.3 Platform has achieved Bluetooth SIG Qualification. This makes CEVA the first IP company to receive this qualification, enhancing Bluetooth connectivity and LE Audio for manufacturers. Key improvements include stronger security, better robustness, and lower power consumption. CEVA has shipped over 1 billion Bluetooth devices in 2021. The new platform is designed to expedite time-to-market for semiconductors and OEMs targeting innovative audio applications, anticipating significant user benefits in the coming years.
CEVA announced the launch of NeuPro-M, its new processor architecture designed for AI and machine learning tasks, during the Consumer Electronics Show on Jan. 6, 2022. NeuPro-M delivers a performance boost of 5-15X compared to its predecessor, supporting up to 1,200 TOPS. The architecture includes specialized co-processors, customizable hardware accelerators, and features like secure boot and data privacy. It complies with automotive safety standards and is available for licensing to customers, enhancing AI performance and efficiency in edge devices.