---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-013426"
form_type: "8-K"
ticker: "CEVA"
cik: "0001173489"
company_name: "CEVA INC"
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T05:54:02.073144+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CEVA Q1 2023 revenue down 16% YoY to $28.7M; GAAP net loss $4.9M

## Summary
- GAAP diluted loss per share $0.21 vs $0.07 loss a year ago; non-GAAP EPS $0.00 vs $0.18.
- Licensing/NRE revenue $20.7M (-7% YoY); royalty revenue $8.0M (-33% YoY) due to inventory adjustments and weak smartphone/PC demand.
- Acquired VisiSonics RealSpace 3D spatial audio business to boost hearables and IoT application software licensing.
- Three new Wi-Fi 6 royalty payers in Q1, marking start of Wi-Fi 6 royalty cycle.
- GAAP operating loss $4.8M vs income $0.5M in Q1 2022; non-GAAP operating income only $0.07M.

## SEC filing metadata
- accession: 0001437749-23-013426
- form_type: 8-K
- ticker: CEVA
- cik: 0001173489
- company_name: CEVA INC
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173489/000143774923013426/0001437749-23-013426-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173489/000143774923013426/ceva20230506_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-013426
- JSON: https://secwatch.observer/filing/0001437749-23-013426.json
- Plain text: https://secwatch.observer/filing/0001437749-23-013426.txt

## Key facts
- Earnings Releases
  CEVA INC reported the first quarter ended March 31, 2023 results: revenue $28.7 million, net income $4.9 million, EPS $0.21.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $28.7 million
  - Net income: $4.9 million
  - EPS: $0.21
  - Result: reported results
  source text: CEVA, Inc. (NASDAQ: CEVA), the leading licensor of wireless connectivity and smart sensing technologies and custom SoC solutions, today announced its financial results for the first quarter ended March 31, 2023. Total revenue for the first quarter of 2023 was $28.7 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1173489/000143774923013426/0001437749-23-013426-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.