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Mar 31, 2020
Ceva Q1 2020 Earnings Report
CEVA reported a 39% increase in total revenue year-over-year, driven by strong licensing and royalty revenue growth.
Key Takeaways
CEVA announced strong first quarter 2020 financial results, with total revenue of $23.6 million, a 39% increase year-over-year. The company saw growth in both licensing and royalty revenues, driven by demand for its 5G, Wi-Fi 6, and sensing technologies. Despite the impact of COVID-19, CEVA's diversified customer base and new product developments contributed to a solid performance.
Total revenue increased by 39% year-over-year to $23.6 million.
Licensing revenue grew by 32% year-over-year to $14.5 million.
Royalty revenue increased by 53% year-over-year to $9.1 million.
Non-GAAP diluted earnings per share increased to $0.11 from $0.01 in the same quarter last year.
Revenue by Segment
Forward Guidance
CEVA will continue to adapt to the dynamics of the COVID-19 impact, while maintaining customer focus, and research and development roadmaps.
Positive Outlook
- Continued customer focus
- Maintaining research and development roadmaps
Challenges Ahead
- Duration of the COVID-19 pandemic
- Extent and length of the shelter-in-place and other restrictions associated with the COVID-19 pandemic
- Impact on customers
- Impact on consumer demand
- Impact on the global economy
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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