Ceva Inc ( (CEVA) ) has released its Q1 earnings. Here is a breakdown of the information Ceva Inc presented to its investors.
Ceva, Inc. is a leading licensor of silicon and software IP, specializing in enabling Smart Edge devices to connect, sense, and infer data efficiently. The company operates primarily in the technology sector, focusing on wireless connectivity and edge AI solutions.
In the first quarter of 2025, Ceva, Inc. reported a total revenue of $24.2 million, marking an increase from the $22.1 million reported in the same quarter of the previous year. Despite a decline in royalty revenue, the company saw significant growth in its licensing and related revenue, which rose to $15.0 million from $11.4 million.
Key highlights from the quarter include the successful implementation of Ceva’s IP in a leading U.S. OEM’s 5G modem and new design wins in Wi-Fi 7 and edge AI technologies. The company concluded eleven IP licensing agreements, expanding its reach into various markets, including automotive, AIoT, and consumer devices. Despite a GAAP net loss of $3.3 million, Ceva achieved a non-GAAP net income of $1.4 million, reflecting improved operational efficiency.
Looking ahead, Ceva, Inc. remains focused on enhancing its licensing business and navigating market uncertainties with agility. The company is optimistic about future royalty growth driven by new customer engagements and technological advancements in its IP portfolio.