CEVA, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 07:00 am EST
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CEVA, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 24.16 million compared to USD 30.35 million a year ago. Net income was USD 3.77 million compared to USD 1.94 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to basic earnings per share from continuing operations of USD 0.19 a year ago. Diluted loss per share from continuing operations was USD 0.34 compared to diluted earnings per share from continuing operations of USD 0.19 a year ago. Basic earnings per share was USD 0.16 compared to USD 0.08 a year ago. Diluted earnings per share was USD 0.16 compared to USD 0.08 a year ago.
For the full year, revenue was USD 97.42 million compared to USD 120.58 million a year ago. Net loss was USD 11.88 million compared to USD 23.18 million a year ago. Basic loss per share from continuing operations was USD 0.79 compared to USD 0.6 a year ago. Diluted loss per share from continuing operations was USD 0.79 compared to USD 0.6 a year ago. Basic loss per share was USD 0.51 compared to USD 1 a year ago. Diluted loss per share was USD 0.51 compared to USD 1 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.
CEVA, INC. 
