secwatch.observer — SEC 8-K summary
======================================

Issuer:     CEVA INC (CEVA)
CIK:        0001173489
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001437749-24-033785
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173489/000143774924033785/0001437749-24-033785-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173489/000143774924033785/ceva20241105_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-033785

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer