Ceva, Inc. Announces Second Quarter 2024 Financial Results

 

Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures

U.S. Dollars in thousands, except per share amounts





Three months ended

Six months ended


June 30,

June 30,


2024

2023

2024

2023


Unaudited

Unaudited

Unaudited

Unaudited

GAAP net loss

$  (291)

$  (5,818)

$  (5,739)

$  (10,690)

Equity-based compensation expense included in cost of
revenues

191

214

394

420

Equity-based compensation expense included in research
and development expenses

2,438

2,344

4,445

4,446

Equity-based compensation expense included in sales
and marketing expenses

451

449

816

827

Equity-based compensation expense included in general
and administrative expenses

820

903

1,816

1,769

Amortization of intangible assets related to acquisition
of businesses

278

251

556

475

Costs associated with business and asset acquisitions

252

95

532

95

Loss associated with the remeasurement of marketable
equity securities

58

119

118

236

Non-GAAP from discontinued operations

0

963

0

2,049

Non-GAAP net income (loss)

$  4,197

$  (480)

$  2,938

$  (373)

GAAP weighted-average number of Common Stock
used in computation of diluted net loss and loss per share
(in thousands)

23,628

23,476

23,568

23,405

Weighted-average number of shares related to
outstanding stock-based awards (in thousands)

1,482

1,421

Weighted-average number of Common Stock used in
computation of diluted earnings per share, excluding the
above (in thousands)

25,110

23,476

24,989

23,405











GAAP diluted loss per share

$  (0.01)

$  (0.25)

$  (0.24)

$  (0.46)

Equity-based compensation expense

$  0.16

$  0.17

$  0.32

$  0.32

Amortization of intangible assets related to acquisition
of businesses

$  0.01

$  0.01

$  0.02

$  0.02

Costs associated with business and asset acquisitions

$  0.01

$  0.00

$  0.02

$  0.00

Loss associated with the remeasurement of marketable
equity securities

$  0.00

$  0.01

$  0.00

$  0.01

Non-GAAP from discontinued operation

$  0.04

$  0.09

Non-GAAP diluted earnings (loss) per share

$  0.17

$  (0.02)

$  0.12

$  (0.02)


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