NASDAQ$CEVA

Ceva Inc. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported an 8% increase in total revenue year-over-year, driven by strong growth in royalties from the base station & IoT product category.

CEVA, Inc. announced its Q1 2021 financial results, with total revenue reaching $25.4 million, an 8% increase compared to the previous year. The company completed eleven license agreements, with a focus on wireless connectivity technologies experiencing exceptional demand.

  • Total revenue was $25.4 million, up 8% year-over-year.
  • Base Station & IoT category royalties increased by 56% year-over-year.
  • Wireless connectivity licensing for IoT, smartphones, and smart home devices experienced exceptional demand.
  • Eleven license agreements were completed, with two being with first-time customers.

Headline financials

Total Revenue

$25.4M

Previous: $23.6M+7.6%
EPS (adj)

$0.01

Previous: $0.11-90.9%
Capital Expenditures

-$1.06M

Previous: -$790K-33.8%
Free Cash Flow

-$4.69M

Previous: -$1.98M-137.3%
Net Income

-$3.63M

Previous: -$1.19M-206.3%
Operating Income

-$1.33M

Previous: -$1.66M+20.0%
Gross Profit

$23M

Previous: $20.9M+10.3%
Cash & Equivalents

$53.7M

Previous: $151M-64.5%
Total Assets

$316M

Previous: $296M+6.6%
Stock-Based Comp

$3.2M

Previous: $3.11M+2.9%

Revenue & EPS history

Ceva · Revenue · Quarterly

$25.4M

Q1 2021+7.6%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Ceva · $25.4M total across 2 segments · Q1 2021

  • Licensing and related revenues
    $14.4M-0.7%
  • Royalties
    $11M+20.9%

Forward guidance

The company expects ongoing corporate tax rate to be lower and in line with original expectations, but mainly dependent on the outcome of revenue allocation mix.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.0%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-2.6%

Avg return

30 days after

43%

28 / 65 earnings

Positive

+26.8%

Q2 2024

Best reaction

-20.8%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-1.3%+11.1%
Q4 2025-9.8%-14.2%-16.3%
Q3 2025-0.6%-6.1%-10.9%
Q1 2025-20.0%-18.8%-23.6%
Q4 2024+10.2%+12.8%-2.7%
Q3 2024+12.3%+11.2%+25.7%
Q2 2024+26.8%+25.1%+42.7%
Q1 2024-7.4%-5.1%-5.2%
Q4 2023+21.3%+14.2%+14.8%
Q3 2023-8.2%-2.1%+6.0%
Q2 2023-12.5%-17.4%-8.4%
Q1 2023-15.4%-13.3%-1.2%
Q4 2022-5.8%-4.7%-15.4%
Q3 2022-3.8%-4.4%-8.6%
Q2 2022-10.8%-8.9%-25.2%
Q1 2022-6.0%+1.0%+4.8%
Q4 2021+13.2%+8.4%+5.5%
Q3 2021-7.4%-2.8%-9.2%
Q2 2021-6.1%-10.8%-10.0%
Q1 2021-12.3%-18.1%-15.0%
Q4 2020+2.1%+0.6%-19.2%
Q3 2020-0.8%-4.2%-4.6%
Q2 2020+1.7%+1.8%-9.2%
Q1 2020-3.3%-5.7%+3.7%
Q4 2019+20.2%+11.4%-25.9%
Q3 2019-0.8%+0.4%-2.1%
Q2 2019+13.3%+19.4%+16.2%
Q1 2019-3.8%-4.3%-5.5%
Q4 2018-11.0%-6.9%-8.2%
Q3 2018+4.7%+0.6%-6.6%
Q2 2018-12.3%-9.1%-7.4%
Q1 2018-11.7%-7.7%-0.6%
Q4 2017-10.7%-9.7%-1.7%
Q3 2017-6.5%-3.3%-2.8%
Q2 2017-6.0%-5.4%-11.1%
Q1 2017+12.7%+20.6%+20.7%
Q4 2016-5.0%+0.6%-5.4%
Q3 2016+1.0%+2.0%-1.0%
Q2 2016+10.2%+7.5%+9.2%
Q1 2016+15.8%
Q4 2015-20.8%
Q3 2015+5.4%
Q2 2015+8.8%
Q1 2015-10.5%
Q4 2014+7.4%
Q3 2014-0.1%
Q2 2014-1.8%
Q1 2014+0.4%
Q4 2013+9.8%
Q3 2013+3.2%
Q2 2013+1.7%
Q1 2013+1.1%
Q4 2011-0.4%
Q4 2012-14.3%
Q3 2012+0.5%
Q2 2012-4.0%
Q1 2011-0.2%
Q1 2012-20.6%
Q4 2009+1.4%
Q3 2011-7.3%
Q3 2010-7.3%
Q2 2010+2.2%
Q2 2011+2.2%
Q4 2010+2.2%
Q1 2010+8.2%

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