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Sep 30, 2021
Ceva Q3 2021 Earnings Report
Reported record total revenue with significant year-over-year growth and achieved record high licensing revenue and royalty revenue.
Key Takeaways
CEVA reported record total revenue of $32.8 million, a 31% increase year-over-year. The company also saw record high licensing, NRE, and related revenue contribution of $21.6 million, including the first full quarter contribution from Intrinsix. Non-GAAP earnings per share were $0.20, up 25% year-over-year.
Total revenue reached a record high of $32.8 million, up 31% year-over-year.
Licensing, NRE, and related revenue hit a record high of $21.6 million, including the first full quarter contribution from Intrinsix.
Base station and IoT product category royalty revenues and shipments reached record highs, surpassing 400 million units for the first time.
Non-GAAP earnings per share increased by 25% year-over-year to $0.20.
Revenue by Segment
Forward Guidance
The company is on track to meet its financial goals for the year and continues to invest in research and development for next generation wireless, AI and smart sensing technologies as well as to capitalize on DARPA-funded projects to develop the next wave of security and chiplet technologies.
Positive Outlook
- Investing in research and development for next generation wireless technologies.
- Investing in research and development for AI technologies.
- Investing in research and development for smart sensing technologies.
- Capitalizing on DARPA-funded projects.
- Developing the next wave of security and chiplet 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 being impacted by the pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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