Ceva Inc Stock Price, News & Analysis

CEVA announced its financial results for Q4 and the full year of 2022, reporting record revenue of $134.6 million, a 10% increase year-over-year. This growth was driven by record licensing and NRE revenue of $89.3 million (up 23% YoY). In Q4 alone, total revenue was $33.4 million, slightly down 2% from the previous year. Key developments included strategic licensing deals for Ultra-Wideband technology and 3D spatial audio. Despite a decrease in royalty revenue, the total number of CEVA-powered devices sold reached 1.7 billion. The company ended the year with a strong balance sheet, showcasing long-term growth potential.

CEVA, Inc. (NASDAQ: CEVA) will announce its fourth quarter and full year 2022 results on February 15, 2023, before the NASDAQ market opens. Management will hold a conference call at 8:30 a.m. Eastern Time to discuss performance for the quarter. U.S. participants can join by dialing 1-844-435-0316, while international participants should call +1-412-317-6365.

A replay will be available after the call until 9:00 a.m. Eastern Time on February 22, 2023.

CEVA, Inc. announced its audio front end (AFE) software solution is now Alexa Voice Service (AVS) qualified. This solution integrates ClearVox™ far-field noise reduction and WhisPro™ neural network keyword spotting software, enabling seamless integration with AVS-enabled devices like smart speakers and soundbars. The AVS qualification allows CEVA's customers, including semiconductor and OEM companies, to incorporate Alexa functionalities into their products effectively. CEVA offers a range of licensable IP for developing smart SoCs, enhancing the capabilities of consumer and industrial IoT devices.

CEVA, Inc. (NASDAQ: CEVA) announced a partnership with Sino Wealth Electronic Ltd. at CES 2023, where Sino Wealth will integrate CEVA's RivieraWaves Bluetooth Low Energy IP into its SH87F881X MCUs aimed at the Industrial IoT and white goods markets. This collaboration aims to enhance smart home connectivity and expand Sino Wealth's market presence. CEVA's Bluetooth platforms support advanced features like LE Audio and Direction Finding, contributing to the deployment of their technology in over 3 billion devices globally.

CEVA, Inc. announced a significant expansion of its collaboration with Autotalks at CES 2023. Autotalks has licensed CEVA's Communication Processor and Digital Signal Controller for its third-generation V2X chipsets, TEKTON3 and SECTON3. These chips, which have already received series production approval from a major automotive OEM, are set for market introduction in 2026. ABI Research projects that V2X-enabled vehicles will exceed 61 million by 2030, indicating strong growth. CEVA's DSPs enable enhanced V2X capabilities crucial for safety and autonomous driving.

CEVA, Inc. (NASDAQ: CEVA) has partnered with LG Electronics to enhance smart home appliances through the licensing of CEVA-XM4 vision DSP in LG's Edge AI SoC, the 'LG8111.' This collaboration aims to improve user experience by integrating advanced computer vision and AI capabilities. At CES 2023, LG showcased its MoodUP™ refrigerator, leveraging CEVA's technology for enhanced features. CEVA aims to empower innovation in smart home devices, focusing on efficient AI processing and computer vision applications.

CEVA, a leader in wireless connectivity and smart sensing technologies, will participate in the 25th Annual Needham Growth Conference on January 10-11, 2023 in New York. Their presentation will be webcast live at 8:00 AM Eastern on January 10, with a replay available afterward. Interested parties can register for the webcast here. For more information on CEVA's upcoming events, visit investors.ceva-dsp.com.

CEVA, Inc. (NASDAQ: CEVA) announced that its NeuPro-M AI processor architecture received the 'Most Promising Product' award at the EE Awards Asia 2022. This recognition highlights NeuPro-M's innovative capabilities for AI/ML workloads across automotive, industrial, and edge AI applications. The 3rd generation architecture offers scalable performance ranging from 20 to 1,200 TOPS while decreasing memory bandwidth by 6X. NeuPro-M combines specialized co-processors and configuration options, enhancing performance by up to 15X compared to earlier versions, complemented by CEVA's advanced software development tools.

CEVA, Inc. (NASDAQ: CEVA) has promoted Gweltaz Toquet to Chief Commercial Officer, effective January 1, 2023. Toquet, with over 20 years at CEVA, previously led sales in the APAC, India, and Europe regions. He will oversee global sales and customer success following Issachar Ohana's departure. CEO Gideon Wertheizer praised Toquet's crucial contributions to CEVA's growth. The company focuses on wireless connectivity, smart sensing technologies, and aims to enhance system integration across various markets, including IoT and 5G.