Ceva Inc Stock Price, News & Analysis

CEVA (NASDAQ: CEVA) has unveiled two new high-performance baseband vector DSPs for advanced 5G and 6G-ready applications. The new processors build upon the successful CEVA-XC20 architecture, which is already in design with two Tier-1 infrastructure OEMs.

The CEVA-XC21 DSP, targeting low-power and cost-sensitive applications, delivers up to 1.8X performance improvements while requiring 48% less area compared to its predecessor. The CEVA-XC23 DSP, designed for high-end applications, achieves 2.4X improvements in performance and 2.3X efficiency gains.

Both DSPs feature AI support, dual threading capabilities, and enhanced 5G ISA for accelerated channel processing. The CEVA-XC21 offers 256b SIMD vector size with single/dual thread options, while the CEVA-XC23 provides 512b SIMD vector size with dual thread design. The new DSPs will be available for general licensing by the end of Q1.

Ceva Inc reported strong Q4 2024 financial results with total revenue of $29.2 million, up 21% year-over-year. Q4 royalty revenue reached $13.5 million, marking the fifth consecutive quarter of growth. The company achieved record shipments of 623 million Ceva-powered units, up 38% year-over-year.

For full-year 2024, total revenue increased 10% to $106.9 million, with royalty revenue up 18% to $46.9 million. Annual Ceva-powered device shipments hit a record 2 billion units. The company secured 43 license agreements, including 12 multiple-technology licenses and 9 first-time customers. GAAP loss per share was $0.37, while non-GAAP diluted earnings per share doubled to $0.36.

Notable Q4 achievements included securing major Wi-Fi architecture and cellular DSP licensing deals with global MCU leaders and U.S. mobile OEMs.

Ceva (NASDAQ: CEVA) announced that ListenAI Technology has licensed its Ceva-Waves Wi-Fi 6 IP to enhance its Edge AI processor portfolio. ListenAI's AI-based processors target applications using audio, voice, and vision across automotive, home appliances, education, office, and consumer electronics sectors.

The partnership aims to address the increasing demand for connected devices requiring seamless connectivity. ListenAI will integrate Ceva's Wi-Fi 6 IP into their new Wi-Fi 6 SoC, focusing on meeting performance, reliability, and power efficiency requirements. This collaboration will enable ListenAI to expand its product offerings by combining wireless capabilities with AI-driven features, particularly for edge processing applications ranging from autonomous vehicles to smart homes.

Ceva announced that WUQI Microelectronics has licensed and deployed the Ceva-Waves Wi-Fi 6 High-Performance STA IP platform in its WQ9201 Wi-Fi/Bluetooth combo chip. The chip targets consumer electronics including smartphones, tablets, PCs, TVs, and set-top-boxes.

The WQ9201, which won the 2024 'China Core' Excellent Technology Innovation Product Award, features WUQI's proprietary RF dual-band architecture and original low-power CMOS PA technology. It supports dual-band concurrency at 2.4 GHz and 5 GHz, delivering high throughput and stable wireless transmission at low power consumption.

The Ceva-Waves Wi-Fi 6 IP provides WUQI with the industry's smallest footprint and lowest power high-performance hardware modem and MAC accelerator with FullMAC software protocol stack.

Ceva (NASDAQ: CEVA) has appointed Amir Faintuch to its Board of Directors as an independent director, expanding the board to eight members. Faintuch will also serve on the Strategic Committee, making him the seventh independent director on the board.

Faintuch brings significant semiconductor industry experience, currently serving as CEO of Volumez, a Data Infrastructure as a Service company. His previous roles include senior positions at GlobalFoundries, Intel , and Qualcomm, where he held various technical and business leadership positions. At Intel, he was Senior VP and GM of Platform Engineering, while at Qualcomm, he served as President of Qualcomm Atheros.

The appointment aims to strengthen Ceva's leadership as it focuses on growth in the smart edge AI era. Faintuch holds a bachelor's degree in economics and business administration from Haifa University and a dual MBA from Northwestern University and Tel Aviv University.

Ceva (NASDAQ: CEVA), a leading licensor of silicon and software IP for Smart Edge devices, has scheduled its fourth quarter and full year 2024 earnings release for February 13, 2025, before NASDAQ market opens. The company will host a conference call at 8:30 a.m. Eastern Time to discuss quarterly performance.

The earnings call will be accessible via phone (U.S.: 1-844-435-0316, International: +1-412-317-6365) and live webcast. A replay will be available through February 20, 2025, via phone (+1-877-344-7529 or +1-412-317-0088, access code: 5632639) and on Ceva's website.

Ceva (NASDAQ: CEVA) announced that Oritek Semiconductor has licensed its SensPro™ Vision AI DSP for the Longquan 560 series of Advanced Driver Assistance Systems (ADAS) chipsets. The collaboration aims to enhance ADAS capabilities in Electric Vehicles (EV), particularly in the Chinese market.

The Longquan 560 series will integrate Ceva's SensPro Vision AI DSP to power various intelligent automotive features, including AI-based headlights, camera monitoring systems, zone control units, and integrated central computing units for driving and parking. This integration enables automakers to reduce development costs and accelerate time-to-market while implementing advanced features.

The partnership is strategically positioned within the rapidly growing global EV market, where China leads with over 50% of global EV sales. Projections indicate that battery-powered electric vehicles will represent 30% of global vehicle sales by 2027.

Ceva and Edge Impulse have announced enhanced computer vision capabilities for embedded ML applications through integration with NVIDIA TAO toolkit. The collaboration includes full integration of Edge Impulse Studio and NVIDIA TAO toolkit support with Ceva-NeuPro Studio for both NPN32 and NPN64 NPUs.

The integration enables AI developers to optimize performance for NeuPro-Nano NPUs with minimal coding requirements. Edge Impulse's platform provides cutting-edge AI/ML models, DSP blocks, and direct integration with NVIDIA's TAO toolkit, facilitating faster development cycles. The NeuPro-Nano's architecture supports AI inference, feature extraction, and DSP workloads for audio, voice, and vision applications, while providing accurate cycle count emulation for end-to-end AI applications.

The Ceva-NeuPro-Nano NPUs are currently available for licensing.

Ceva has announced new partnerships to enhance its embedded AI ecosystem for the Ceva-NeuPro-Nano NPU. The company is collaborating with Cyberon and AIZIP to provide pre-optimized neural networks for keyword spotting, face recognition, and speaker identification in smart edge devices.

The expanded partnership with Edge Impulse now includes full integration of Edge Impulse Studio and support for NVIDIA TAO toolkit with Ceva-NeuPro Studio for both NPN32 and NPN64 NPUs. AIZIP's contribution focuses on Face Detection models, while Cyberon brings its DSpotter keyword spotting technology optimized for power-efficient performance.

The Ceva-NeuPro-Nano NPUs are currently available for licensing, along with Cyberon and AIZIP's optimized neural networks. The Edge Impulse Platform integration will be available in the coming months.