CEVA Q3 revenue $33.7M (+3% YoY); GAAP net loss $22.3M; CEO Wertheizer to retire, Panush named successor

CEVA INC

2022-Q3 EPS reported -$1.08 revenue$101,246,000

GAAP net loss $22.3M ($0.96 diluted loss) vs $0.2M loss a year ago; includes $15.7M tax asset write-off and $5.5M impairment.
Non-GAAP net income $4.7M ($0.20 EPS), flat YoY; non-GAAP operating income $6.8M up 4%.
CEO Gideon Wertheizer to retire at year end; Amir Panush appointed as new CEO effective Q4 2022.
Royalty revenue $11.4M (+2% YoY); base station & IoT royalties up 16% QoQ to $8.2M on 5G RAN growth.
Repurchased $2.3M of stock in Q3; cash & securities total $144M; guidance for Q4 not provided in release.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CEVA INC reported third quarter ended September 30, 2022 results: revenue $33.7 million.

Period: third quarter ended September 30, 2022
Revenue: $33.7 million
Result: reported results

Exact text from the filing

--- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_444005.htm EXHIBIT 99.1 ex_444005.htm Exhibit 99.1 CEVA, Inc. Announces Third Quarter 2022 Financial Results - Total revenue of $33.7 million, up 3% year-over-year - Consistent royalty revenue growth from 5G RAN helps to grow base station & IoT royalties 16% quarter-over-quarter to $8.2 million - Amir Panush announced

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Source: SEC EDGAR

accession 0001437749-22-026465

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