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Sep 30, 2020
Ceva Q3 2020 Earnings Report
Reported a 6% increase in total revenue year-over-year, with record high royalty revenue contribution from base station & IoT product category.
Key Takeaways
CEVA, Inc. announced strong financial results for Q3 2020, with total revenue reaching $25.0 million, a 6% increase compared to the previous year. The company saw record high royalty revenue from base station & IoT products, and signed a strategic licensing agreement for ADAS.
Total revenue reached $25.0 million, up 6% year-over-year.
Royalty revenue from base station & IoT product category increased 86% sequentially and 105% year-over-year.
Thirteen license agreements were concluded, with six being with first-time customers.
Signed a strategic licensing agreement for ADAS with a leading automotive semiconductor company.
Revenue by Segment
Forward Guidance
The press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that if they materialize or prove incorrect, could cause the results of CEVA to differ materially from those expressed or implied by such forward-looking statements and assumptions.
Positive Outlook
- optimism associated with CEVA’s base station and IoT product category that capitalizes on the fast deployment of 5G base stations in China and record contributions from its Bluetooth, Wi-Fi and sensor fusion technologies
- capitalizing on CEVA’s broad portfolio and industry reach to expand its customer base and future royalty potential
- reinforcing CEVA’s leadership position in the highly lucrative automotive semiconductor market
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 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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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