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 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.
CEVA, Inc. (NASDAQ: CEVA) will announce its fourth quarter and full year 2020 financial results on February 16, 2021, prior to the market opening. A conference call hosted by CEVA management is scheduled for 8:30 a.m. ET to discuss the results. Participants can join via U.S. and international dial-in numbers or through a live webcast. A replay of the call will be available until February 23, 2021, at 9:00 a.m. ET. CEVA specializes in wireless connectivity and smart sensing technologies, providing innovative solutions across various markets.
CEVA (NASDAQ: CEVA), a leader in wireless connectivity and smart sensing technologies, will participate in the 23rd Annual Needham Virtual Growth Conference on January 14, 2021. The live webcast of their presentation is scheduled for 10:00 am Eastern. Interested parties can register for the event via the provided link. A replay of the presentation will also be available. CEVA is renowned for its innovative DSPs, AI processors, and wireless platforms, focusing on enhancing the functionality of smart devices across various sectors, including mobile, automotive, and IoT.
CEVA announced an open licensing agreement with DARPA to enhance technology innovation for DARPA programs. The partnership is part of the DARPA Toolbox initiative, allowing access to CEVA's wireless connectivity and smart sensing technologies. CEVA's DSPs, AI processors, and wireless IPs aim to accelerate DARPA's research efforts. This initiative simplifies access to commercial technologies for DARPA researchers and presents CEVA with opportunities for new revenue streams. CEVA joins Arm and Verific in this initiative, leveraging its advanced technologies in various applications including 5G and AI.
CEVA, Inc. (NASDAQ: CEVA) announced that Retune DSP's VoiceSpot Wake Word Engine is now optimized for CEVA's audio/voice DSPs. This engine supports voice activation in battery-operated edge devices with a memory footprint under 80KB. The collaboration is already in action with a lead customer deploying it in a smart home device. CEVA’s DSPs are used in various applications, from TWS earbuds to smart cameras, and they facilitate low-power voice command solutions.