NASDAQ$CEVA

Ceva Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported record total revenue with substantial licensing revenue increase.

CEVA reported record total revenue of $34.4 million, a 35% increase year-over-year, driven by a 56% increase in licensing, NRE, and related revenue. GAAP operating income was $0.5 million, while non-GAAP operating income more than doubled to $5.5 million.

  • Total revenue reached a record high of $34.4 million, up 35% year-over-year.
  • Licensing, NRE, and related revenue hit a record high of $22.4 million, a 56% increase year-over-year.
  • GAAP operating income was $0.5 million, compared to a $1.3 million loss in Q1 2021.
  • Non-GAAP operating income more than doubled to $5.5 million from $2.6 million in Q1 2021.

Headline financials

Total Revenue

$34.4M

Previous: $25.4M+35.4%
EPS (adj)

$0.18

Previous: $0.01+1700.0%
Capital Expenditures

-$909K

Previous: -$1.06M+14.0%
Free Cash Flow

-$2.61M

Previous: -$4.69M+44.4%
Net Income

-$1.7M

Previous: -$3.63M+53.3%
Operating Income

$468K

Previous: -$1.33M+135.2%
Gross Profit

$28M

Previous: $23M+21.6%
Cash & Equivalents

$162M

Previous: $53.7M+201.9%
Total Assets

$335M

Previous: $316M+6.2%
Stock-Based Comp

$3.39M

Previous: $3.2M+6.0%

Revenue & EPS history

Ceva · Revenue · Quarterly

$34.4M

Q1 2022+35.4%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Ceva · $12M total across 1 segment · Q1 2022

  • Royalties
    $12M+9.1%

Forward guidance

The press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions about market opportunities to scale CEVA’s business provided by CEVA’s wireless and Edge AI technologies.

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 2022

Historical avgQ1 2022

-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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