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 Wi-Fi 6 IP platform is the first in the world to receive the Wi-Fi CERTIFIED 6™ status from the Wi-Fi Alliance. This certification validates CEVA's Wi-Fi 6 IP suite designed for low power IoT devices and high-performance applications. The technology aims to facilitate the integration of Wi-Fi 6 connectivity into semiconductor designs, enhancing the Internet of Things ecosystem. CEVA has already licensed its Wi-Fi 6 IPs for upcoming products from multiple semiconductor companies.
CEVA, Inc. (NASDAQ: CEVA) has announced that its Dragonfly NB2 turnkey NB-IoT solution has received full certification from Deutsche Telekom. This certification enables licensees to streamline and expedite their NB-IoT chipset certification for Deutsche Telekom's global networks. CEVA's Vice President highlighted that this milestone aids in lowering costs and entry barriers for OEMs in adopting NB-IoT technologies. Furthermore, Deutsche Telekom's certification promises improved interoperability and connectivity for next-generation modules and devices. The Dragonfly NB2 is positioned as a cost-effective and power-efficient solution.
CEVA, Inc. reported strong financial results for Q2 2020, achieving $23.6 million in revenue, representing a 28% increase year-over-year. Licensing and related revenue rose to $13.5 million (up 25%), while royalty revenue reached $10.1 million (up 33%). The company signed eight license agreements, with notable growth in automotive and IoT markets. Non-GAAP net income surged 130% to $2.9 million, leading to a diluted earnings per share of $0.12. Cash from operations amounted to $12.6 million, strengthening CEVA's balance sheet with approximately $157 million in cash and equivalents at quarter-end.
CEVA, Inc. (NASDAQ: CEVA) will announce its second quarter 2020 earnings on August 10, 2020, before the NASDAQ market opens. A conference call will follow at 8:30 a.m. Eastern Time to discuss the quarter's operating performance. U.S. participants can dial 1-844-435-0316, while international participants can call +1-412-317-6365. For those unable to attend live, a replay will be available until 9:00 a.m. on August 24, 2020.
CEVA, Inc. (NASDAQ: CEVA) has announced support for the Dolby MS12 Multistream Decoder on its CEVA-BX2™ audio DSP. This integration facilitates the inclusion of advanced audio technologies like Dolby Atmos and Dolby AC-4 into various multimedia devices, enhancing user experience. The CEVA-BX2 DSP, designed for high-performance audio applications, will allow manufacturers to streamline product development while maintaining flexibility for additional software solutions. CEVA boasts powering over 7 billion audio devices, reinforcing its leadership in innovative audio solutions.
CEVA, Inc. (NASDAQ: CEVA) scheduled its second quarter 2020 earnings announcement for August 10, 2020, prior to NASDAQ market opening. A conference call will follow at 8:30 a.m. Eastern Time to discuss quarterly performance. Participants can dial in using specific numbers for U.S. and international attendees. A replay will be available after the call until August 24, 2020, along with online access on CEVA's website.