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.
The company is invigorated and excited to address the huge opportunities ahead and drive more value for shareholders.
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