CEVA Q2 2023 revenue falls 21% YoY to $26.2M; GAAP net loss per share $0.25

CEVA INC

Total revenue $26.2M, down 21% from $33.2M in Q2 2022; licensing/NRE revenue $16.8M (-24%), royalties $9.4M (-15%, +17% sequential).
GAAP operating loss $6.3M vs loss $0.3M YoY; GAAP net loss $5.8M ($0.25 diluted loss per share) vs $1.1M loss ($0.05) YoY.
Non-GAAP operating loss $1.1M vs profit $4.6M YoY; non-GAAP net loss $0.5M ($0.02) vs income $4.3M ($0.18) YoY.
CEO cites semiconductor startup funding slowdown limiting licensing; 17 IP/NRE deals signed, 5 with first-time customers.
Management implemented cost-saving initiatives to reduce expenses for remainder of 2023.

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 the second quarter ended June 30, 2023 results: revenue $26.2 million, net income $5.8 million, EPS $0.25.

Period: the second quarter ended June 30, 2023
Revenue: $26.2 million
Net income: $5.8 million
EPS: $0.25
Result: reported results

Exact text from the filing

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 second quarter ended June 30, 2023. Total revenue for the second quarter of 2023 was $26.2 million

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Source: SEC EDGAR

accession 0001437749-23-022624

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