secwatch.observer — SEC 8-K summary
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Issuer:     CEVA INC (CEVA)
CIK:        0001173489
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001437749-22-026465
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173489/000143774922026465/0001437749-22-026465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173489/000143774922026465/ceva20221107_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-026465

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