earnings
confidence high
sentiment positive
materiality 0.75
Ceva Q2 2024 revenue $28.4M (+24% YoY); licensing up 28%, royalty up 19%
CEVA INC
- GAAP net loss narrowed to $0.3M ($0.01 diluted loss per share) from $4.9M loss YoY.
- Non-GAAP net income $4.2M ($0.17 diluted EPS) vs non-GAAP loss of $0.5M YoY.
- Licensing revenue $17.3M (+28% YoY); royalty $11.2M (+19%) from 461M units shipped.
- Signed 11 IP licenses; strategic deals with 2 infrastructure OEMs and a US analog semiconductor company.
- Repurchased ~100k shares for ~$2M; cash and equivalents $158M.