CEVA, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 09:15 am EST
Share
CEVA, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 24.07 million compared to USD 30.05 million a year ago. Net loss was USD 4.96 million compared to USD 22.3 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.89 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to USD 0.89 a year ago. Basic loss per share was USD 0.21 compared to USD 0.96 a year ago. Diluted loss per share was USD 0.21 compared to USD 0.96 a year ago.
For the nine months, revenue was USD 73.26 million compared to USD 90.23 million a year ago. Net loss was USD 15.65 million compared to USD 25.12 million a year ago. Basic loss per share from continuing operations was USD 0.44 compared to USD 0.79 a year ago. Diluted loss per share from continuing operations was USD 0.44 compared to USD 0.79 a year ago. Basic loss per share was USD 0.67 compared to USD 1.08 a year ago. Diluted loss per share was USD 0.67 compared to USD 1.08 a year ago.
Ceva, Inc. is a licensor of silicon and software intellectual property (IP) that enables smart edge devices to connect, sense and infer data. The Company powers the connectivity, sensing, and inference in advanced smart edge products across consumer Internet of Things (IoT), mobile, automotive, infrastructure, industrial, and personal computing. Its application software IP is licensed primarily to original equipment manufacturers (OEMs) who embed it in their System on Chip (SoC) designs to enhance the user experience, and OEMs also license its hardware IP products and solutions for their SoC designs to create power-efficient, intelligent, secure, and connected devices. From Bluetooth connectivity, Wi-Fi, ultra-wide band (UWB) and fifth generation (5G) platform IP for communications, to scalable Edge AI neural processing unit (NPU) IPs, sensor fusion processors and embedded application software that make devices smarter, it has the portfolio of IP to connect, sense and infer data.