Ceva Q3 revenue $27.2M (+13% YoY), non-GAAP EPS $0.14 (+133%), guidance raised, buyback expanded

CEVA INC

Total revenue $27.2M (+13% YoY); licensing $15.6M (+12%), royalties $11.6M (+15%).
GAAP net loss narrowed to $1.3M ($0.06) from $2.8M ($0.12); non-GAAP net income $3.4M ($0.14), up 133%.
Raised FY2024 revenue guidance to 7%-9% growth; expects to double non-GAAP EPS YoY.
Board expanded share repurchase by 700,000 shares (total ~1M available); Q3 repurchased 186K shares for $4.2M.
Record combined Bluetooth/Wi-Fi/cellular IoT shipments >400M units; first NeuPro-Nano AI NPU licensing deal.

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