secwatch.observer — SEC 8-K summary
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Issuer:     CEVA INC (CEVA)
CIK:        0001173489
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001437749-23-030793
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173489/000143774923030793/0001437749-23-030793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173489/000143774923030793/ceva20231106_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-030793

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