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Mar 31, 2022
Ceva Q1 2022 Earnings Report
Reported record total revenue with substantial licensing revenue increase.
Key Takeaways
CEVA reported record total revenue of $34.4 million, a 35% increase year-over-year, driven by a 56% increase in licensing, NRE, and related revenue. GAAP operating income was $0.5 million, while non-GAAP operating income more than doubled to $5.5 million.
Total revenue reached a record high of $34.4 million, up 35% year-over-year.
Licensing, NRE, and related revenue hit a record high of $22.4 million, a 56% increase year-over-year.
GAAP operating income was $0.5 million, compared to a $1.3 million loss in Q1 2021.
Non-GAAP operating income more than doubled to $5.5 million from $2.6 million in Q1 2021.
Ceva
Ceva
Ceva Revenue by Segment
Revenue by Segment
Royalties Revenue
CapyFin.com Forward Guidance
The press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions about market opportunities to scale CEVA’s business provided by CEVA’s wireless and Edge AI technologies.