Ceva Q4 revenue $24.2M (-20% YoY), GAAP loss $0.34/share, non-GAAP EPS $0.10 beat

CEVA INC

2023-FY EPS reported -$0.51 revenue$97,419,000

Q4 total revenue $24.2M, down 20% YoY; licensing revenue $11.8M vs $19.4M prior year.
Q4 royalty revenue $12.3M, up 13% YoY, third consecutive quarter of growth.
GAAP operating loss $2.8M vs income $1.0M prior year; GAAP net loss $8.1M ($0.34 loss per share).
Non-GAAP net income $2.3M ($0.10 diluted EPS), exceeding expectations.
FY23 revenue $97.4M (-19% YoY); GAAP net loss $18.4M; record cellular IoT shipments 130M units (+64% YoY).

item 2.02 item 9.01

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 year ended December 31, 2023 results: revenue $97.4 million.

Period: the year ended December 31, 2023
Revenue: $97.4 million
Result: reported results

Exact text from the filing

as compared to Non-GAAP diluted income per share including the discontinued operation of $0.23 for the same period in 2022. Full Year 2023 Review Total revenue for 2023 was $97.4 million, a decrease of 19%, when compared to $120.6 million reported for 2022. Licensing and related revenue for 2023 was $57.6 million, a decrease of 23%, when compared to $75.2 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CEVA INC reported the fourth quarter ended December 31, 2023 results: revenue $24.2 million, net income $8.1 million, EPS $0.34.

Period: the fourth quarter ended December 31, 2023
Revenue: $24.2 million
Net income: $8.1 million
EPS: $0.34
Result: reported results

Exact text from the filing

99.1) --- EX-99.1 2 ex_625426.htm EXHIBIT 99.1 ex_625426.htm Exhibit 99.1 Ceva, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results ● Q4 – Total revenue of $24.2 million, in line with expectations, with GAAP loss per share of 34c and non-GAAP diluted EPS of 10c, exceeding expectations ● Q4 – Royalty revenue of $12.3 million, up 13%

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CEVA INC filing history →

Source: SEC EDGAR

accession 0001437749-24-004004

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