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 maintained its #1 position in the wireless connectivity IP market, holding a 67% market share of IP revenues in 2023, according to IPNest's latest Design IP Report. The company's Ceva-Waves portfolio includes widely adopted wireless connectivity IPs for Bluetooth, Wi-Fi, UWB, and 802.15.4. Ceva's leadership in this space has led to over 1.3 billion devices sold worldwide in 2023 powered by their wireless connectivity IP.
Notably, Ceva estimates a 35% market share in Bluetooth IoT and 45% in TWS earbuds (excluding Apple) for 2023. The company also projects capturing 25-30% of the Wi-Fi IoT market share within two years. Ceva's success is attributed to its focus on low power innovation and being first to market with the latest standards, positioning it as a key player in the growing smart edge AI/IoT applications market.
Ceva, Inc. (NASDAQ: CEVA) reported strong Q2 2024 financial results, exceeding estimates. Total revenue reached $28.4 million, up 24% year-over-year. Licensing and related revenue grew 28% to $17.3 million, while royalty revenue increased 19% to $11.2 million. The company signed 11 IP licensing agreements, including strategic deals with infrastructure OEMs and a leading U.S. analog semiconductor company.
Ceva's growth is driven by increasing AI adoption across industries. The company launched new products, including Ceva-Waves-Links and Ceva-NeuPro-Nano, strengthening its Smart Edge IP leadership. GAAP gross margin improved to 90%, and non-GAAP operating income reached $4.4 million. Ceva's cash and equivalents stood at approximately $158 million, positioning the company for growth in edge AI and other high-growth markets.
Ceva, Inc. (NASDAQ: CEVA) announced that Alif Semiconductor has licensed and deployed Ceva's Bluetooth Low Energy and 802.15.4 IPs in its Balletto family of wireless microcontrollers. The Balletto family is a complete Edge AI/ML microcontroller solution for connected IoT platforms, featuring:
- Integrated Bluetooth Low Energy 5.3 and 802.15.4 wireless subsystem
- Dedicated network co-processor
- Up to 50x boost in machine learning performance and inference efficiency
- Support for Bluetooth LE Audio and Auracast broadcast audio
- Thread, Zigbee, and Matter support for smart home applications
This collaboration aims to meet the growing demand for AI/ML workloads in battery-powered devices, particularly in wireless audio and smart home use cases.
Ceva (NASDAQ: CEVA) has announced that STMicroelectronics has integrated the Ceva-Waves Dragonfly NB-IoT platform into its latest ST87M01 NB-IoT industrial module. This module offers ultra-reliable low-power wide-area network (LPWAN) connectivity and robust GNSS geo-location capability for IoT devices. The Ceva-Waves Dragonfly platform includes the Ceva-BX1 processor, optimized RF transceiver, baseband, and protocol stack, enabling a complete Release 15 Cat-NB2 modem IP solution. This integration aims to reduce time-to-market and lower entry barriers for a variety of IoT applications, including smart meters, smart grids, smart buildings, factory automation, and asset tracking.
The ST87M01 module is expected to capitalize on the projected growth in cellular IoT connections, which the Ericsson Mobility Report forecasts to increase from 3 billion in 2023 to 6.1 billion by 2029, at a CAGR of 12%. Ceva's Vice President, Tal Shalev, highlighted the collaboration's aim to enhance cellular IoT performance and power efficiency. Further details can be found on Ceva's official website.
Ceva, a leading licensor of silicon and software IP for Smart Edge devices, will release its second quarter 2024 financial results on August 7, 2024, before the NASDAQ market opens.
Following the release, Ceva's management will host a conference call at 8:30 a.m. Eastern Time to discuss the quarter's performance.
U.S. participants can join the call by dialing 1-844-435-0316, while international participants can dial +1-412-317-6365, both using the access code 'Ceva'.
A live webcast will be available at https://app.webinar.net/8mGNyBxXMLR, with a replay accessible by dialing +1-877-344-7529 or +1-412-317-0088 (access code: 2162644) until August 14, 2024. The replay will also be available on Ceva's website.
Ceva, a leader in silicon and software IP, has expanded its Ceva-NeuPro family of Edge AI NPUs with the introduction of Ceva-NeuPro-Nano NPUs. These NPUs are designed to execute TinyML workloads efficiently in consumer, industrial, and general-purpose AIoT products, offering low power consumption, optimal performance, and cost-efficiency. The Ceva-NeuPro-Nano NPUs come in two configurations, Ceva-NPN32 and Ceva-NPN64, providing tailored solutions for various AI applications. They boast enhanced capabilities like transformer computation and sparsity acceleration, significantly reducing memory footprints by up to 80% with Ceva-NetSqueeze technology. The launch includes Ceva-NeuPro Studio, an AI SDK supporting open frameworks like TensorFlow Lite for Microcontrollers. The Ceva-NeuPro-Nano NPUs are now available for licensing.
Ceva (NASDAQ: CEVA), the leading licensor of silicon and software IP for Smart Edge devices, announced participation in upcoming investor events. These include:
Oppenheimer 25th Annual Israeli Conference on May 26, 2024, in Tel Aviv;
Cowen 52nd Annual TMT Conference on May 29, 2024, in New York, with a live webcast of Ceva's presentation;
Mizuho Technology Conference 2024 on June 12, 2024, in New York;
Rosenblatt 4th Annual Technology Summit: The Age of AI on June 13, 2024, virtually, featuring a presentation by VP of Marketing, Moshe Sheier, on Edge AI developments;
Northland Growth Conference 2024 on June 25, 2024, virtually.
Ceva, Inc. reported strong financial results for Q1 2024 with royalty revenue of $10.7 million, up 33% YoY, and total revenue of $22.1 million. Licensing revenue was $11.4 million, with 11 license agreements concluded, including deals for next-generation Wi-Fi 7 and Bluetooth 6 IPs. The company introduced new products, expanded partnerships, and announced collaborations to drive growth. GAAP gross margin was 89%, operating loss was $5.0 million, and net loss was $5.4 million. Non-GAAP gross margin was 90%, operating loss was $0.8 million, and net loss was $1.3 million. Ceva remains well-positioned with approximately $159 million in cash and equivalents.
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