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Jun 30, 2020
Ceva Q2 2020 Earnings Report
Reported record high for second quarter revenue with a 28% year-over-year increase.
Key Takeaways
CEVA announced a successful Q2 2020, achieving record-high second-quarter revenue of $23.6 million, a 28% increase year-over-year. Royalty revenue also grew by 33% to $10.1 million, driven by strong performance in base station and IoT product lines.
Total revenue reached $23.6 million, a 28% increase year-over-year and a record for second-quarter revenue.
Royalty revenue increased by 33% year-over-year to $10.1 million.
Base station and IoT royalty contribution reached $4.3 million, up 77% year-over-year.
Eight license agreements were concluded, including one with a first-time customer.
Revenue by Segment
Forward Guidance
The press release contains forward-looking statements that involve risks and uncertainties. The company is focused on serving customers and executing on its growth strategy.
Positive Outlook
- We are consistently growing our licensee base and expanding our market reach into new lucrative areas
- The company is focused on serving customers and executing on its growth strategy
- The dedication and efficiency of CEVA’s employees and diverse portfolio of technology provide the foundation to go from strength to strength as a leader in the industry.
Challenges Ahead
- The scope and duration of the COVID-19 pandemic
- The extent and length of the shelter-in-place and other restrictions associated with the COVID-19 pandemic and the impact on customers, consumer demand and the global economy generally
- The ability of the CEVA DSP cores and other technologies to continue to be strong growth drivers for us
- Our continued success in penetrating new markets and maintaining our market position in existing markets
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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