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) 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.
CEVA (NASDAQ: CEVA) has announced a partnership with Nations Technologies Inc., a key player in China's information security IC design sector. Nations will utilize CEVA's RivieraWaves Bluetooth® low energy IP for its NZ8801 Bluetooth 5 IC, aimed at providing secure connectivity for various low-power devices. The NZ8801 IC has already seen significant market success, shipping tens of millions of units. This collaboration enhances both companies' capabilities in ultra-low power, secure Bluetooth applications, with Nations' ICs being integrated into wearables and secure payment cards.
CEVA, Inc. (NASDAQ: CEVA) announced the launch of Bluebud, a wireless audio platform designed to standardize Bluetooth audio IP for TWS earbuds, speakers, and other devices. The Bluetooth audio market is projected to ship nearly 2 billion devices annually by 2024, according to ABI Research. Bluebud simplifies the integration process for semiconductor companies with its compact architecture and low power consumption. It supports Bluetooth 5.2, offers advanced features for enhanced audio quality, and enables significant differentiation for product developers.
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.