CEVA reports record Q1 revenue of $34.4M, up 35% YoY; GAAP loss narrows

CEVA INC

2022-Q1 EPS reported -$0.07 revenue$34,391,000

Total revenue $34.4M (+35% YoY); licensing/NRE revenue $22.4M (+56%).
GAAP operating income $0.5M vs loss $1.3M prior year; non-GAAP op income $5.5M (more than doubled).
GAAP net loss $1.7M ($0.07 loss per share) vs $3.6M loss ($0.16 loss) prior year.
Non-GAAP net income $4.2M, diluted EPS $0.18 vs $0.01 prior year.
Record 531M CEVA-powered unit shipments; 14 new license agreements signed.

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