CEVA, Inc. (CEVA) Misses Q3 EPS by 1c

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Go back to CEVA, Inc. (CEVA) Misses Q3 EPS by 1c

CEVA, Inc. Announces Third Quarter 2023 Financial Results

November 8, 2023 7:00 AM EST

-       Shipped 500 million CEVA-powered devices in the quarter, up 35% sequentially and up 40% year-over-year 

-       GAAP and Non-GAAP gross margins reach 90% and 92%, respectively in the quarter, reflecting Company's decision to return to pure IP licensing and royalty business model

-       Announces expansion of existing share repurchase program with an additional 700,000 shares

-       Strengthened the Company's focus on IP for high-growth smart edge technologies addressing wireless communications, sensing and AI with divestiture of the Intrinsix US Aerospace & Defense (A&D) design services business

-       Company to host investor day... More