Loading...
•
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.
Ceva
Ceva
Ceva Revenue by Segment
Revenue by Segment
Licensing & related Revenue
CapyFin.comRoyalties Revenue
CapyFin.com 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
- Our ability to diversify the company’s royalty streams, the ability of products incorporating our technologies to achieve market acceptance, the effect of intense industry competition and consolidation, global chip market trends, the possibility that markets for CEVA’s technologies may not develop as expected or that products incorporating our technologies do not achieve market acceptance
Revenue & Expenses
Visualization of income flow from segment revenue to net income