CEVA Q3 revenue $24.1M (-20% YoY); GAAP loss per share $0.12; adds 700K shares to buyback

CEVA INC

Total revenue $24.1M (down 20% YoY); licensing $13.9M (-26% YoY, +3% sequentially); royalties $10.1M (-11% YoY, +8% sequentially).
GAAP net loss from cont. ops $2.7M ($0.12 loss per share) vs loss $20.6M ($0.89) in Q3'22; Non-GAAP net income $1.4M ($0.06 EPS) vs $5.2M ($0.22).
GAAP gross margin 90% (up from 81%); non-GAAP gross margin 92% (up from 89%); shipped 500M CEVA-powered devices (+35% seq, +40% YoY).
Board expanded share repurchase by 700K shares, total ~844K shares available; cash & equivalents ~$160M after Intrinsix sale.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CEVA INC reported the third quarter ended September 30, 2023 results: revenue $24.1 million, net income GAAP net loss for the third quarter of 2023 was $2.7 million, EPS GAAP diluted losses per share for the third quarter of 2023 was $0.12.

Period: the third quarter ended September 30, 2023
Revenue: $24.1 million
Net income: GAAP net loss for the third quarter of 2023 was $2.7 million
EPS: GAAP diluted losses per share for the third quarter of 2023 was $0.12
Result: reported results

Exact text from the filing

Total revenue for the third quarter of 2023 was $24.1 million

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Source: SEC EDGAR

accession 0001437749-23-030793

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