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Dec 31, 2024
Ceva Q4 2024 Earnings Report
Reported a strong quarter with revenue up and strategic customer agreements signed.
Key Takeaways
Ceva reported a strong fourth quarter with a 21% increase in total revenue year-over-year. The company secured major licensing deals and saw record high Ceva-powered unit shipments. Royalty revenue also increased for the fifth consecutive quarter.
Total revenue increased by 21% year-over-year.
Royalty revenue grew by 9% year-over-year, marking the fifth consecutive quarter of growth.
A record 623 million Ceva-powered units were shipped, up 38% year-over-year.
Secured Wi-Fi architecture license with global MCU leader & cellular DSP license with U.S. mobile OEM for in-house 5G modem.
Revenue by Segment
Forward Guidance
Ceva is confident in its ability to continue on its organic growth trajectory and to capitalize on non-organic opportunities to accelerate its growth.
Positive Outlook
- Focused execution
- Operating efficiency
- Strategic focus on customer engagements to achieve better deal economics and value
- Year-over-year growth in annual licensing revenue
- Ability to capitalize on non-organic opportunities to accelerate growth
Challenges Ahead
- Effect of intense industry competition
- Ability of Ceva's technologies and products incorporating Ceva's technologies to achieve market acceptance
- Ceva's ability to meet changing needs of end-users and evolving market demands
- The cyclical nature of and general economic conditions in the semiconductor industry
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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