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Dec 31, 2020
Ceva Q4 2020 Earnings Report
Reported strong fourth quarter results, exceeding revenue and profitability expectations.
Key Takeaways
CEVA, Inc. announced its Q4 and year-end 2020 financial results. The company achieved record quarterly royalty revenue of $16.1 million, up 19% year-over-year. Total revenue for the quarter was $28.1 million, a slight decrease of 1% compared to the same period last year. The company concluded 21 licensing agreements during the quarter.
Record quarterly royalty revenue of $16.1 million, up 19% year-over-year.
Total revenue for the fourth quarter of 2020 was $28.1 million, a slight decrease of 1% year-over-year.
GAAP net income for the fourth quarter of 2020 decreased to $0.6 million.
Completed 21 license agreements.
Revenue by Segment
Forward Guidance
The company anticipates continued expansion in the adoption of wireless connectivity and smart sensing technologies in its primary markets.
Positive Outlook
- Strong momentum in licensing business.
- Strong momentum in royalty businesses.
- Expedited deployment of 5G base stations.
- Growing use of smart TVs.
- Growing use of laptops and other IoT devices.
Challenges Ahead
- Risks associated with the COVID-19 pandemic.
- Uncertainties related to the impact on customers.
- Uncertainties related to consumer demand.
- Uncertainties related to the global economy.
- Intense industry competition and consolidation.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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