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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.
Ceva
Ceva
Ceva Revenue by Segment
Revenue by Segment
Royalties Revenue
CapyFin.com 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.