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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.
Ceva
Ceva
Ceva Revenue by Segment
Revenue by Segment
Licensing Revenue
CapyFin.comRoyalty Revenue
CapyFin.com 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
- Instability and disruptions related to the ongoing Israel-Gaza conflict
Revenue & Expenses
Visualization of income flow from segment revenue to net income