Ceva Q1 revenue up 10% to $24.2M; GAAP net loss narrows to $3.3M; royalty rev declines 14%

CEVA INC

Revenue $24.2M (+10% YoY); licensing rev $15.0M (+32%), royalty rev $9.2M (-14%).
GAAP net loss $3.3M ($0.14 loss per share) vs $5.4M loss ($0.23 loss) YoY.
Non-GAAP operating income $0.3M, net income $1.4M ($0.06 EPS) vs non-GAAP loss $1.3M prior year.
Signed 11 IP licenses including Wi-Fi 7, edge AI NPU for ADAS, spatial audio for PC headsets.
Royalty revenue below expectations due to soft smartphone shipments and slower industrial ramp.

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