NASDAQ$CEVA

Ceva Inc. · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported a strong quarter with revenue up and strategic customer agreements signed.

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.

Headline financials

Total Revenue

$29.2M

Previous: $24.2M+20.9%
EPS (adj)

$0.11

Previous: $0.10+10.0%
Capital Expenditures

-$1.03M

Previous: $761K-235.2%
Free Cash Flow

$7.01M

No prior period
Net Income

-$1.7M

Previous: -$8.1M+79.0%
Operating Income

$100K

Previous: -$2.8M+103.6%
Gross Profit

$25.7M

Previous: $22M+16.7%
R&D Expense

$17M

Previous: $18.1M-6.3%

Revenue & EPS history

Ceva · Revenue · Quarterly

$29.2M

Q4 2024+20.9%vs Q4 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Ceva · $24M total across 2 segments · Q3 2023

  • Licensing and related revenues
    $13.9M
  • Royalties
    $10.1M-11.4%

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.

Tailwinds

  • 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

Headwinds

  • 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

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 Q4 2024

Historical avgQ4 2024

-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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