About CEVA, Inc.
CEVA is the leading licensor of wireless connectivity and smart sensing technologies for a smarter, safer, connected world. We offer Digital Signal Processors, AI processors, cryptography cores, wireless platforms and complementary software for sensor fusion, image enhancement, computer vision, voice input and artificial intelligence, all of which are offered in conjunction with our Intrinsix chip design capabilities for complete IP solutions. We partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent, secure and connected devices for a range of end markets, including mobile, PC, consumer, automotive, robotics, industrial, aerospace & defense, medical and IoT. Our DSP-based solutions include platforms for 5G baseband processing in mobile, IoT and infrastructure, advanced imaging and computer vision for any camera-enabled device, audio/voice/speech and ultra-low-power always-on/sensing applications for multiple IoT markets. For sensor fusion, our Hillcrest Labs sensor processing technologies provide a broad range of sensor fusion software and inertial measurement unit ("IMU") solutions for markets including hearables, wearables, AR/VR, PC, robotics, remote controls and IoT. For wireless IoT, our platforms for Bluetooth (low energy and dual mode), Wi-Fi 4/5/6 (802.11n/ac/ax), Ultra-wideband (UWB) and NB-IoT are the most broadly licensed connectivity platforms in the industry.
CEVA is a sustainable and environmentally conscious company, adhering to our Code of Business Conduct and Ethics. As such, we emphasize and focus on environmental preservation, recycling, the welfare of our employees and privacy – which we promote on a corporate level. At CEVA, we are committed to social responsibility, values of preservation and consciousness towards these purposes.
Visit us at www.ceva-dsp.com and follow us on Twitter, YouTube, Facebook, LinkedIn and Instagram.
CEVA, INC. AND ITS SUBSIDIARIES | ||||
CONSOLIDATED STATEMENTS OF INCOME – U.S. GAAP | ||||
U.S. dollars in thousands, except per share data | ||||
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| Three months ended
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| 2021 | 2020 | 2021 | 2020 |
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| Unaudited | Unaudited | Unaudited | Unaudited |
Revenues: |
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Licensing, NRE and related revenues | $ 15,535 | $ 13,530 | $ 29,932 | $ 28,025 |
Royalties | 14,922 | 10,076 | 25,927 | 19,196 |
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Total revenues | 30,457 | 23,606 | 55,859 | 47,221 |
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Cost of revenues | 3,693 | 3,005 | 6,074 | 5,756 |
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Gross profit | 26,764 | 20,601 | 49,785 | 41,465 |
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Operating expenses: |
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Research and development, net | 17,457 | 14,979 | 35,050 | 30,092 |
Sales and marketing | 2,893 | 2,893 | 6,195 | 6,061 |
General and administrative | 4,159 | 3,663 | 7,039 | 7,327 |
Amortization of intangible assets | 667 | 575 | 1,243 | 1,157 |
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Total operating expenses | 25,176 | 22,110 | 49,527 | 44,637 |
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| Operating income (loss) | 1,588 | (1,509) | 258 | (3,172) |
| Financial income, net | 356 | 838 | 392 | 1,669 |
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| Income (loss) before taxes on income | 1,944 | (671) | 650 | (1,503) |
| Taxes on income | 1,629 | 419 | 3,965 | 772 |
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| Net income (loss) | $ 315 | $ (1,090) | $ (3,315) | $ (2,275) |
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| Basic and diluted net income (loss) per share | $0.01 | ($0.05) | ($0.15) | ($0.10) |
| Weighted-average shares used to compute net income (loss)
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| Basic | 22,823 | 22,017 | 22,685 | 22,006 |
| Diluted | 23,140 | 22,017 | 22,685 | 22,006 |
