Ceva Inc ( (CEVA) ) has released its Q4 earnings. Here is a breakdown of the information Ceva Inc presented to its investors.
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Ceva, Inc., a leading licensor of silicon and software IP, specializes in enabling Smart Edge devices with advanced connectivity, sensing, and data inference capabilities. The company operates primarily in the technology sector, providing essential solutions for wireless communications, sensing, and Edge AI technologies.
In its latest earnings report for the fourth quarter and full year 2024, Ceva, Inc. announced a noteworthy year-over-year revenue growth, emphasizing the company’s strong performance in licensing and royalty revenues. The company also highlighted strategic licensing deals and record-breaking shipments of Ceva-powered units, showcasing its robust market position.
Key financial highlights from the report include a 21% year-over-year increase in fourth-quarter revenue, reaching $29.2 million, and a 10% increase in full-year revenue, totaling $106.9 million. Additionally, royalty revenue grew by 9% in the fourth quarter and 18% for the full year. The company also achieved a milestone with 2 billion Ceva-powered smart edge devices shipped in 2024. Despite a GAAP loss per share of $0.37, Ceva reported a doubling of non-GAAP diluted earnings per share to $0.36, reflecting improved operating efficiency.
Strategically, Ceva secured significant licensing agreements, including a Wi-Fi architecture license with a global MCU leader and a cellular DSP license with a U.S. mobile OEM for an in-house 5G modem. The company also expanded its customer base with 43 new license agreements, including 11 with OEMs and 9 with first-time customers, further solidifying its market leadership.
Looking ahead, Ceva’s management remains optimistic about the company’s growth prospects, highlighting their focus on long-term customer relationships and the potential for continued licensing growth and robust royalty revenues. The expanding role of AI across industries is expected to further enhance Ceva’s market presence and drive future opportunities.
