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 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.
CEVA, Inc. (NASDAQ: CEVA) has launched the RivieraWaves™ UWB, a power-efficient ultra-wideband (UWB) platform compliant with IEEE 802.15.4z. This platform offers centimeter-level accuracy and is tailored for IoT applications, enabling features such as asset tracking and secure digital key functionalities. With ABI Research predicting nearly 1 billion UWB device shipments by 2025, CEVA aims to facilitate UWB integration for semiconductor firms. The RivieraWaves UWB platform can operate alongside CEVA's Bluetooth IP, providing a unique, combined solution that enhances its market position in wireless connectivity.
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.