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Dec 31, 2021
Ceva Q4 2021 Earnings Report
Reported record revenues for the third consecutive quarter, strategic agreements concluded with key customers, and overall strong financial performance.
Key Takeaways
CEVA, Inc. reported record fourth-quarter revenue of $34.1 million, a 21% increase compared to the previous year. The company concluded strategic agreements with key customers and saw growth in licensing, NRE, and related revenue, although royalty revenue decreased.
Total revenue reached a record high of $34.1 million, up 21% year-over-year.
Licensing, NRE, and related revenue increased by 77% to $21.3 million.
Royalty revenue decreased by 21% to $12.7 million.
Strategic agreements were concluded for 5G fixed wireless access, Wi-Fi 7, Edge AI, and integrated IP solutions.
Revenue by Segment
Forward Guidance
The company is invigorated and excited to address the huge opportunities ahead and drive more value for shareholders.
Positive Outlook
- Growth in demand for CEVA’s IP and chip design portfolio
- Growth in the base station and IoT product category
- Potential benefits of CEVA’s acquisition of Intrinsix
- Penetrating new markets and maintaining market position in existing markets
- Ability to diversify the company’s royalty streams
Challenges Ahead
- Scope and duration of the COVID-19 pandemic
- 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
- Effect of intense industry competition and consolidation, global chip market trends
Historical Earnings Impact
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Avg. Return Before/After Earnings
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