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Jun 30, 2021
Ceva Q2 2021 Earnings Report
Reported all-time record high total revenue and shipments of Bluetooth, Wi-Fi and cellular IoT devices.
Key Takeaways
CEVA, Inc. announced record high total revenue of $30.5 million for Q2 2021, a 29% increase year-over-year. The company also reported GAAP net income of $0.3 million, or $0.01 per share, and non-GAAP net income of $5.1 million, or $0.22 per share.
Total revenue reached an all-time high of $30.5 million, up 29% year-over-year.
Licensing, NRE and related revenue increased by 15% to $15.5 million.
Royalty revenue increased by 48% to $14.9 million, including a $3.3 million payment from a royalty disagreement resolution.
Seventeen license agreements were concluded, with six being first-time customers.
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. CEVA assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
Positive Outlook
- The ability of CEVA DSP cores and other technologies to continue to be strong growth drivers for us
- Success in penetrating new markets, including in the base station and IoT markets, and maintaining our market position in existing markets
- The ability to diversify the company's royalty streams
- The ability of products incorporating our technologies to achieve market acceptance
- Our ability to timely and successfully develop and introduce new technologies
Challenges Ahead
- The scope and duration of the COVID-19 pandemic
- The extent and length of the restrictions associated with the COVID-19 pandemic and the impact on customers, consumer demand and the global economy generally
- The maturation of the connectivity, IoT and 5G markets
- The effect of intense industry competition and consolidation
- Global chip market trends, including supply chain issues as a result of COVID-19 and other factors