Our excellent third quarter results and performance reect CEVA's central role in the digital transformation era. Our IP licensing continues
to be very strong, with a growing number of deals for our Bluebud " wireless audio platform and Wi-Fi 6 products.
Gideon Wertheizer, CEO
Total Revenue
Earnings Per Share
$32.8M* (1¢) 20¢
GAAP NON-GAAP
u 31% Year over Year
versus (3¢) in Q3 '20
versus 16¢ in Q3 '20
Quarterly Performance Overview
Q3 2020
Q3 2021
Revenue Breakdown
Earnings
Operating Prot
$21.6M
$12.4M
$12.5M
$11.2M
$3.6M
$4.7M
$1.7M
$0.0M
Licensing, NRE
Royalties
Non-GAAP
GAAP
& Related
net income
operating prot
YoY Change
YoY Change
YoY Change
YoY Change
+ 74%
- 11%
+ 29%
85X
Quarterly Revenues
Licensing, NRE & Related
$21.6M *
$14.4M $15.5M
$12.4M $12.1M
Q3'20
Q4'20
Q1'21
Q2'21
Q3'21
Royalties
$16.1M$14.9M
$12.5M
$11M
$11.2M
Q3'20
Q4'20
Q1'21
Q2'21
Q3'21
25 Deals Signed in the Quarter*
5
1
19
14 11 13
wireless connectivity
smart sensing
rst-time CEVA customers
Target Applications for Licensees Include
TWS Earbuds
Smart Home
Wi-Fi 6
Bluetooth 5
Shipment Data
*
*
405M
291M
438M
Base Station & IoT
35M
Units
33M
26M*
Handsets
53M
Bluetooth
Wi-Fi
Cellular IoT
Other
Fast Facts
2.9m
5G smartphones & modems powered by CEVA shipped in 2021
$145m
cash and cash equivalent balances, marketable securities and bank deposits at the end of Q3, debt free
485*
CEVA employees worldwide as of Q3, 403 of which are engineers
* indicates all-time record high
NASDAQ:CEVA || visit us at investors.ceva-dsp.com
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CEVA Inc. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 12:13:18 UTC.
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.
CEVA, INC. 
